ChatGPT, an advanced AI-powered chatbot is gaining the headline across the internet in the past few months. To briefly understand what this is all about, ChatGPT is a  Natural Language Processing(NLP) tool designed using Artificial Intelligence and Machine Learning that is fed with a lot of information and is trained to respond to prompts in the form of text-based output. In light of this new technology, every businesses has started to evaluate the potential of this new generative AI tool and how it can be utilized to leverage their operational efficiency.

Even though chatGPT is widely popular as a text processing tool, its business implication is not just limited to that. The application of this AI-backed tool can be stretched far and wide. From generating content, understanding, developing, and troubleshooting complex code, debugging, generating leads, and streamlining internal processes to approaching certain business problems, it can be fine-tuned to address several such other tasks of the workflow model. With the stretch of these applications, business leaders are endorsing that it can be a promising tool to improve productivity and efficiency through automation by emulating human work.  

While ChatGPT can do boundless things, in this blog post let’s explore its functional benefit in the data management of IT consulting. 

  • This AI-powered tool has the ability to understand and surf through the unstructured data set and deliver the dataset in a structured format. This makes it easy for data analysts to manage and organize big data.

  • ChatGPT can procure data from various sources on customer interaction and behaviours. Through this, it also provides valuable insights into customer preferences and helps in making data-driven decisions. As businesses are more concerned about providing better customer experience, this can be a tool used to augment it.

  • Further, this AI model is poised to complement organizations in data management by automating various data and analytics-led processes like data quality, Metadata management, Analytics based prediction, and Data Governance.

  • When fed with appropriate inputs, the ChatGPT is capable of creating data models. This makes it easy for analysts to identify the relationships and draw the pattern between complex data sets.

  • As a last point, Chat GPT can be used to generate queries that can be executed in Databases.

ChatGPT is an advanced fledging tool in the technology field and it has many capabilities that are in the pipeline of its release. While it is not a silver bullet for all the problems an organization may face, it is still a revolutionary tool that can help the business to enhance their operation. Upon smart utilization, this tool certainly helps to project certain aspects of the business to automation and leverage the efficiency.