What is ChatGPT?
ChatGPT is the new technology buzz in the block. Who owns ChatGPT? It is owned by OpenAI and is developed based on the generative AI model. It uses generative AI to create answers to any question. Let us look at how generative AI works. It is a type of AI that takes the help of algorithms to generate content. This content can be in the form of text, images, audio, and videos. By leveraging generative AI, ChatGPT generates text-based output to user input. Open AI has also released DALL-E, ideal for generating images from textual inputs. DALL-E can create an original image to match the textual description. DALL-E is trained on a vast data set of image-text pairs, enabling it to learn from the relationships of textual descriptions and matching images. The DALL-E process of image generation happens in two phases. In the first phase, a low res image in generated and in the next phase, the image is refined and upscaled for improvements in quality. DALL-E uses the VQ-VAE-2 technique (Vector Quantized Variational Autoencoder 2) for generating images. Before we move to the generative AI model in ChatGPT, let us understand what is Artificial Intelligence or what is an AI? Artificial Intelligence is all about making machines impersonate human intelligence to do various tasks. Some examples include Siri and Alexa, which are used every day. To know the difference between machine learning vs artificial intelligence, machine learning is nothing but a type of artificial intelligence. Artificial intelligence is developed using ML models that can learn from data patterns in an automated manner. To understand machine learning vs artificial intelligence and how they differ, though they are not the same thing, AI is the enablement of machines to function like humans, and ML is AI applied to enable machines derive knowledge from data and learn from it. Instead of finding the contrast between machine learning vs artificial intelligence, consider them working together to help companies reimagine the way they use data, drive productivity, and improve operational efficiencies. So, what are AI’s benefits? They are many. It can enable automation and efficiency to streamline efficiency and productivity, derive insights from data to help companies make data-driven decisions, and ensure a competitive edge. Let us now know more about generative AI models. Neural networks drive generative AI models. It is used to recognize patterns and structures in data for creating new content. Generative AI models also use unsupervised or semi-supervised approaches. However, unsupervised machine learning is widely used in generative modelling or a generative model. Generative modelling or generative models are also used for predicting any probabilities from modelled data. Generative modelling or generative model can predict the next word in a sequence, as they are capable of assigning probabilities to a sequence of words.
The generative AI model in ChatGPT was trained with huge volumes of textual data, which empowers it to develop immediate responses which are hard to differentiate from human content. Generative AI is not the same as other AI types. More than just observing and classifying patterns, Generative AI can generate new content. AI ChatGPT is enabled and trained using self-supervised learning. This means the model is fed with large textual datasets, which helps it learn the patterns and relationships between words and phrases. Through the analysis of this data, AI ChatGPT can get a good understanding of language and context. This helps it to develop responses which is hard to differentiate from that of humans. The deep learning architecture used by AI ChatGPT is called transformer. This allows it to analyze, process and develop textual responses in a more sophisticated manner than those of other language models. These responses are tailored to a specific context, relevant and informative, making it a powerful tool for applications such as chatbots for customer service, virtual assistants, or tools for education.
AI ChatGPT is a brilliant disruption in the generative AI space. It is all set to reimagine how humans interact with machines and vice versa. Wait and watch how it evolves and the applications it can enable across industry sectors. However, it shouldn’t be forgotten that this is a language model. It is the greatest AI chatbot developed so far and can change ways how humans create content.
What all can ChatGPT do?
GPT chatbot has many capabilities and applications. Though GPT chatbot provides valuable support, it is recommended to use GPT chatbot in conjunction with human expertise, experience, and judgment. Here are some of the wide ranges of tasks the GPT chatbot can perform.
- Generate credible textual content and improvise the same content to make it fit for purpose
- Translate text from one language to another
- Summarize long text to ensure faster comprehension of articles or documents
- Generate quality content such as articles, social media posts, and product descriptions
- Analyze customer feedback and sentiment data to develop targeted products and services
- Automate repetitive customer service tasks through chatbot conversations and free up human agents for more difficult tasks
- Get answers to contextual questions and be useful for retrieving information
- Describe imagery and get answers to questions on the image in question
- Write code or learn a new programming language
- Use it as a personal teacher to learn a subject
- Treat it like your personal assistant, and have conversations that seem human-like
- Come up with new ideas, and understand challenging ideas clearly
- Learn about emerging market studies and insights, and customer behaviour
- Enable predictive maintenance efforts, analyze equipment data, and get recommendations on maintenance schedules
- Analyze historical data and get assistance in financial modeling and forecasting
- Understanding areas of resistance while devising change management strategies
- Generate best practices and coaching guidelines for training employees
- Get assistance to analyze data and visualize data to develop presentations or reports
How can digital analytics consultants leverage ChatGPT?
Open AI chat bot can be used in many ways. It should not be used as a substitute for human expertise and analysis. By leveraging Open AI chat bot, digital analytics consultants can enhance their capabilities and processes to develop comprehensive insights to co-create value. Here is how it can be used. Data models can be provided along with specific questions on what they want to analyze can be asked, ChatGPT will immediately develop insights enabling consultants to do a higher-level analysis to interpret them more judiciously. Various problems or challenges can be presented to ChatGPT to create different perspectives and solutions. Consultants can do this when looking for out-of-the-box approaches to solve a problem. It is also suitable for data visualizations. Data inputs along with specific visualization requirements can be fed, and ChatGPT can develop charts, graphs or dashboards which are interactive. It is also a good tool for A/B testing. The model can be asked to generate different designs, marketing copy variations to explore possibilities and make data-driven decisions as to which variation would be suitable for implementation. Natural language based data exploration can be performed using conversational queries to analyze complex data sets and get key insights and visualizations. Competitor analysis can be done by feeding information about competitors, market trends, or any specific metrics to the model, and decisive insights can be generated. Even hypothetical scenarios can be evaluated to evaluate specific outcomes. Open AI chat bot can be instructed to explore multiple scenarios by giving particular parameters and inputs to make strategic decisions and assess the impact of various variables.