Post by account_disabled on Sept 16, 2023 11:13:46 GMT
Ultimately, there is tremendous potential value in leveraging large language models, but it doesn't have to be overly immersive. “Our society is very much influenced by the bandwagon effect, the fear of missing out,” said Jay Chakraborty, partner at Price-Waterhouse-Coopers (PwC). “This ChatGPT craze is similar to the California gold rush, the dotcom euphoria, and the Y2K situation where ‘the whole world is collapsing’,” he said.
Chakraborty pointed out that CIOs Phone Number List should conduct some sandbox experiments to uncover ideas and use cases for ChatGPT. For example, hedge funds may also be interested in automation. It creates investment confirmations more efficiently and automatically analyzes companies. This means that even the most important parts of investment work can be entrusted to you.
Rowan Curran, an analyst at Forrester who specializes in data science, machine learning, artificial intelligence and computer vision, agreed that GPT-3 has significant potential. However, company executives were advised to view GPT-3 as just another strategic tool. “The first thing we need to do is take a step back from the public eye and think about how we can apply these things, how we can leverage our strengths and curb our weaknesses,” he said.
“GPT-3 seems like a great way to innovate, but it is very important to focus on what is practical in the short term. You need to educate yourself about what is possible. This is a new and dynamic area, but it also has serious limitations. “For example, using GPT-3 for chat in a face-to-face application is quite irresponsible,” he added.
Large language models are not new, but the human-imitating front-end created by GPT-3 awakened the IT world to possibilities and enabled many to dream. It's clear that it's a pretty attractive dream. But what is more important is that before deciding to invest in this and decide on the direction of the project, you must wake up from your dream and become cool-headed.
Chakraborty pointed out that CIOs Phone Number List should conduct some sandbox experiments to uncover ideas and use cases for ChatGPT. For example, hedge funds may also be interested in automation. It creates investment confirmations more efficiently and automatically analyzes companies. This means that even the most important parts of investment work can be entrusted to you.
Rowan Curran, an analyst at Forrester who specializes in data science, machine learning, artificial intelligence and computer vision, agreed that GPT-3 has significant potential. However, company executives were advised to view GPT-3 as just another strategic tool. “The first thing we need to do is take a step back from the public eye and think about how we can apply these things, how we can leverage our strengths and curb our weaknesses,” he said.
“GPT-3 seems like a great way to innovate, but it is very important to focus on what is practical in the short term. You need to educate yourself about what is possible. This is a new and dynamic area, but it also has serious limitations. “For example, using GPT-3 for chat in a face-to-face application is quite irresponsible,” he added.
Large language models are not new, but the human-imitating front-end created by GPT-3 awakened the IT world to possibilities and enabled many to dream. It's clear that it's a pretty attractive dream. But what is more important is that before deciding to invest in this and decide on the direction of the project, you must wake up from your dream and become cool-headed.