The Era of GPT- Quick Guide

The Era of GPT- Quick Guide

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  THE ERA OFGPT: Quick Guide
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  2 The Era ofGPT: Quick Guide ChatGPT, an AI chat app, took the business world by storm with its unmatched generative capabilities and versatility. High performers - from Microsoft to Salesforce - were among the first to recognize the potential of conversational intelligence for better customer experiences. Along with elevated product service, ChatGPT can automate a myriad of business processes, comb through a raft of financial data, and even keep a close watch over your vulnerable assets. HOW LANGUAGE MODELS LIKE CHATGPT BENEFIT YOUR BUSINESS The future of business operations is built on automation that saves time, increases quality, and leads to higher productivity in the workplace. Put Another Way, NLP Tools Like ChatGPT Allow You to… Perform large-scale analysis Streamline business processes Reduce labor costs Improve customer satisfaction Automate administrative tasks Supplement research for product development
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  3 The Era ofGPT: Quick Guide KEY USE CASES FOR LANGUAGE MODELS IN MODERN BUSINESS NLP-powered language models promise to revolutionize the way businesses operate by automating each aspect of business management. How Are Companies Using NLP Models? Customer Care Security Business Development Sales Marketing Human Resources Finance Supply Chain 0 10 20 30 40 50 Percentage Market Research Corporate Governance and ESG Legal and Compliance 38% 36% 32% 30% 29% 28% 26% 25% 23% 20% 18% IBM
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  4 The Era ofGPT: Quick Guide Ways to Use ChatGPT in Customer Support • Provide multilingual support to the global audience • Quick response to customer queries & complaints • Classify the sentiment of customers’ inquiries • Provide personalized responses to each customer • Answer repetitive questions Ways to Use ChatGPT in Marketing and Sales • Generate copy for marketing assets • Produce a personalized offer for a prospect • Cook up customer surveys • Perform research on trendy topics • Automate social media management Ways to Use ChatGPT in Administrative Tasks • Analyze vast amounts of data • Generate reports and alerts • Create audio and video transcripts • Make business presentations • Create agenda for meetings Ways to Use ChatGPT in Recruitment • Create an interview question bank • Write Boolean search strings • Craft candidate outreach copy • Write job advertisements • Assess the candidate’s suitability • Run automatic CV screening
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  5 The Era ofGPT: Quick Guide INDUSTRIES TO BE DISRUPTED WITH LANGUAGE MODELS Language models have found their way into customer-facing business functions and hold great potential to take over the back-end business processes. Global Natural Language Processing Market Share, By Industry Fortune Business Insights 12,3% Healthcare Retail High Tech and Telecom Banking, Financial Services and Insurance (BFSI) Automotive & Transportation Advertising & Media Manufacturing Others The healthcare industry is expected to grow at a highest CAGR. Automotive, telecom, and banking account for the largest NLP market share. One of the key drives for market growth is the rising adoption of digital-first operating models. The NLP adoption in small and medium-sized businesses is projected to grow at a highest CAGR. Over three-quarters of businesses plan to spend more on NLP projects in the next 12-18 months. Fortune Business Insights Fortune Business Insights expert.ai
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  6 The Era ofGPT: Quick Guide EXISTING AND POTENTIAL USE CASES FOR CHATGPT BY INDUSTRY Healthcare Enhance Clinical Decision Systems Automate Administrative Functions Power Patient- Facing Assistants Summarize Patient Records Provide Answers to Patient FAQs Banking Automate Customer Service Systems Detect and Prevent Frauds Optimize Loan Origination Identify Compliance Violations Automate Customer Onboarding
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  7 The Era ofGPT: Quick Guide Education Provide Instant Feedback to Students Create Assessments From Scratch Deliver Personalized Learning Generate Study Materials Automate Grading Manufacturing Identify Patterns and Trends in Product Defects Streamline Predictive Maintenance Brainstorm Product Development Ideas Assist Manufacturing Robots Generate Reports and Alerts Retail Automate Customer Service Generate Promotional Copy Streamline Product Analysis Research Keywords Provide Personalized Product Recom- mendations
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  8 The Era ofGPT: Quick Guide A SHORT TECH OVERVIEW OF CHATGPT ChatGPT is a generative conversation-based model powered by large amounts of data and computing techniques. The tool can engage in a human-like conversational dialogue and provide a detailed response based on the user's input. The Building Blocks of ChatGPT ChatGPT sits on top of the Generative Pre-trained Transformer (GPT) - a language model that has its source in deep learning technology. It also uses an additional level of InstructGPT to optimize its conversational abilities. ChatGPT Reinforcement Learning from Human Feedback Natural Language Processing Neural Networks Deep learning
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  9 The Era ofGPT: Quick Guide Transformer Model How does ChatGPT work? ChatGPT combines the Transformer and Language model to generate a relevant response to the user. Language Model
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  10 The Era ofGPT: Quick Guide 5 FASCINATING FACTS TO KNOW ABOUT CHATGPT As an AI-first tool, ChatGPT marks a new milestone in the history of artificial intelligence, raising the bar high for other intelligent chatbots. 01 ChatGPT was trained on over 570 Gb of text The training data was obtained from books, webtexts, articles, and other pieces of writing with a total of 300 billion words. 02 The ChatGPT model grows from a capacity of around 175 billion parameters Parameters stand for the number of weights in the model's neural network and allow the model to discern complex patterns of natural language.
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  11 The Era ofGPT: Quick Guide 03 ChatGPT knows at least 95 natural languages, including a range of programming and code languages The transformer architecture used in ChatGPT learns the grammatical and semantic norms of each language, making it equally proficient in multiple languages. 04 The tool reached a record- breaking number of users - over 1 million after 5 days of its launch In January 2023, ChatGPT amassed over 100 million active users. 05 ChatGPT’s core capability is generating texts of different complexity and for different purposes. Its large-size and diverse training data enables the tool to produce high-quality text and answer a wide range of questions with an accuracy of 85+%.
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  12 The Era ofGPT: Quick Guide PUSHING THE BOUNDARIES OF NATURAL LANGUAGE PROCESSING ChatGPT unlocks the new age of NLP tools - with indefinite potential, in-depth understanding of human language, and impressive domain versatility. Evolution of NLP Intelligence CHATBOTS programs designed to interact with simulate human language and perform routine tasks based on a predetermined script. LARGE LANGUAGE MODELS a language model based on a neural network trained on large amounts of conversational data to look into the grammatical and syntactic structures of language. FINE-TUNED LANGUAGE MODELS a new generation of large language models that take less time and data to be trained. EDGE LANGUAGE MODELS language models that are purposefully small in size and bound by the hardware found in edge devices.
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  13 The Era ofGPT: Quick Guide indatalabs.com InData Labs is a leading data science firm and AI-powered solutions provider with its own R&D center. Having a mission to bring the power of AI to every business, we help organizations of any size create intelligent products and services or shape intelligent business processes. Since 2014, our solutions and consulting services help our clients to get valuable insights into data, automate repetitive tasks, enhance performance, add AI-driven features, and prevent cost overruns. USA 333 S.E. 2nd Avenue, Suite 2000, Florida, 33131 Miami +1 786 871 3300 Lithuania Ukmergės g. 126, 08100 Vilnius Cyprus 16, Kyriakou Matsi, Eagle House, Agioi Omologites, Nicosia +357 97 706 028 linkedin.com/company/indata-labs facebook.com/indatalabs About InData Labs