Council Post: Transformative Impact of GPTs on the Analytics Landscape

The future holds great promise as GPTs continue to evolve, transforming industries and human potential alike.

Generative Pre-trained Transformers or GPTs as we commonly know them, are a powerful family of neural network models, leading the way in generative artificial intelligence. GPTs are already having a fundamental impact across many walks of life – the way we work, the way we think, among others. While scientists have been attempting to develop generative tools in the Artificial Intelligence space for decades, the recent success of GPTs can be attributed to three critical factors:

  • Phenomenal Computing Power: The exponential growth in computing power from the advancement in technology infrastructure over the last few years has enabled speedy matrix multiplication, a core element of machine learning, at a low cost with high output.
  • Global Internet Expansion: The widespread penetration of the internet, especially in developing nations such as India, has resulted in the generation of enormous amounts of data, enriching the capabilities of AI applications through large datasets.
  • Advancement of RNN and ANN: Recurrent Neural Networks (RNNs) and Artificial Neural Networks (ANNs), which have been in existence for 15 to 20 years as classifiers, can now perform advanced predictive tasks due to the availability of extensive training datasets.

Integration of GPTs will inspire various industries and organizations to formulate strategies. At present, organizations have access to large amount of accumulated knowledge through internal and external data. This data is a valuable mine of training sets that GPTs can use to build intelligence and predict future business outcomes. With GPTs, analysts and users can now ask questions to the entire corpus of the knowledge of an organization in real-time and interpret the results to help the management in strategy building.

GPTs have Positively Impacted the Analytics Landscape

GPTs are making a significant impact across various industries, leveraging spoken human languages and structured logical thinking to generate predictive responses. This has resulted in GPTs solving problems that were not addressed by previous algorithms. One of the biggest differences between earlier prediction models and GPT-driven models is that GPT understands context and is able to apply logical reasoning before making predictions. Some real-time applications of GPTs include:

  • Interactive Chatbots: GPT-powered chatbots have transcended the limitations of menu-driven chatbot systems. GPT-powered chatbots are able to understand context before interacting and execute high-performance tasks. Interactive chatbots will have a positive impact on many businesses resulting in improved employee and customer satisfaction and reducing costs.
  • Scientific Research: GPTs have opened-up significant opportunities in scientific research. With GPTs in action, creating vaccinations for viruses will become transformative under known adverse reactions using Monte Carlo simulations and based on individual DNA sequences.
  • Revolutionize Communication: Integrating 5G with Large Language Models will help in optimizing communication networks by understanding language signals and make predictions. This will reduce the cost of mobile telephone and internet significantly.
  • Radar Technology: GPTs have the potential to develop “only listening-mode radars,” improving information retrieval and predicting outcomes without disclosing radar locations.

GPTs are increasingly disrupting traditional analytics and enabling organizations to get advanced insights, make logically sound predictions and gain a competitive advantage. However, consuming data and predicting outcomes require infrastructure and systems with high computational intensity and as such GPTs need to be integrated with high-powered and scalable computational engines. While this has not been a deterrent thus far, the pace at which the GPT space is advancing, efforts will have to be made to continue developing the supporting infrastructure and technology.

GPTs will Elevate Job Profiles, not Propagate Job Losses

Before delving deeper into this apparent challenge, we must first understand the concept of ‘Job to be done’ and ‘Task to be performed’. Job to be the done is the outcome that we want to achieve while task to performed is the task we need to accomplish to achieve that outcome. For example, if commuting from point A to point B is the job that needs to be done then the means to reach from A to B is the task. The means of commute have evolved overtime from walking to bicycle to motorcar to metro trains and so on. This means that in this entire journey of transformation and evolution, we need to constantly upgrade ourselves to be relevant. GPTs is all about this next phase of evolution.

In the analytics space, the role of a data analyst is to provide relevant insights, previously it was achieved using tools such as excels and dashboards, among others. In the world of GPTs, mundane tasks will be automated, thereby empowering data analysts to focus on providing valuable and new insights from the data at hand. GPTs will save massive amount of data analysts’ time which currently is spent on preparing data for analysis. In a nutshell, GPTs will help elevate the job profiles of many of the roles that we see today, provided we are ready to embrace this change to evolve and upgrade.

GPTs are not the Future, they are the Present

In conclusion, GPTs represent a revolutionary force in analytics, empowering organizations to gain a competitive advantage and drive efficiency. While they promise to revolutionize computations on a massive scale, they will not replace human intelligence but rather complement it, ushering in a new era of augmented analytics. The future holds great promise as GPTs continue to evolve, transforming industries and human potential alike.

This article is written by a member of the AIM Leaders Council. AIM Leaders Council is an invitation-only forum of senior executives in the Data Science and Analytics industry. To check if you are eligible for a membership, please fill out the form here.

This article is written by Shailesh Dhuri, Chief Executive Officer at Decimal Point Analytics. He is a result-driven professional with nearly three decades of experience in Entrepreneurship, Fund Management and Artificial Intelligence for Data Analytics. His passion lies in innovation and technology-driven solutions and is a highly sought-after leader and Innovator in the space of real-life applications of artificial intelligence technology that are used in massive data, quantitive, statistical analysis, and algorithms.

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26th October, 2023 | TAJ JUMEIRAH LAKES TOWERS | Dubai

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