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Submission: On March 29 via api from CH — Scanned from DE
Effective URL: https://squirro.com/2023/03/28/taming-a-stochastic-parrot/
Submission: On March 29 via api from CH — Scanned from DE
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* Why Squirro WHY SQUIRRO? Back Why SquirroEnterprise Generative AIAugmented IntelligenceInsight EngineSquirro AI StudioData ConnectorsMarket Data ProvidersEducation * Solutions AUGMENTED INTELLIGENCE SOLUTIONS Back OVERVIEW SOLUTIONS INDUSTRIES BANKING & FINANCE Investment BankingCorporate & Institutional BankingInstitutional Asset ManagementWealth ManagementSquirro for RefinitivService Insights for Global BankingReal Estate Finance INSURANCE Commercial InsuranceReinsuranceCommercial Underwriting MANUFACTURING Manufacturing & Supply Chain PHARMACEUTICALS Competitor Analysis CenterDisease Area Strategy CROSS INDUSTRY COGNITIVE SEARCH Generative AI & LLM IntegrationKnowledge Management SolutionEnterprise SearchWebsite SearchSearch for Salesforce SALES INSIGHTS SERVICE INSIGHTS IT Service ManagementCustomer Service Management MARKETING INSIGHTS Market MonitoringCompetitor MonitoringBrand MonitoringProduct Monitoring RISK INSIGHTS Adverse Events ScreeningReal-Time Compliance MonitoringKnow Your Customer SolutionGDPRCredit Risk MonitoringSupply Chain Monitoring DEPARTMENTS SQUIRRO FOR DEPARTMENTS SalesMarketingServiceRiskOperationsInformation Technology * AI Hub AUGMENTED INTELLIGENCE HUB Back AI HUB Augmented BusinessGenerative AITech & ImplementationSuccess StoriesContributorsAboutNEWSLETTER CHANNELS BlogEventsNewsPodcastVideosForumAcademy * Customers * About Us ABOUT SQUIRRO Back About UsCareersPartners * Try Now * * Search × Artificial Intelligence, big data, Blog Post, Composite AI, Digital Transformation, Enterprise Data, Enterprise Search, Gartner, Generative AI, GPT-3, Large Language Models, LLM, Machine Learning, Report, Unstructured Data TAMING A STOCHASTIC PARROT Steven Grinberg March 28, 2023 * * * * * * HOW THE ENTERPRISE CAN BENEFIT FROM GENERATIVE AI In the past few months, we’ve seen record-breaking amounts of news about ChatGPT. It’s being positioned as the next big disruptor and the questions are pouring in: * Will this replace search? * Is it accurate? * Is it secure? * Can I use this for my business? That’s just a small sample. Answering the above questions with respect to ChatGPT in its current state: it's unlikely. At its core, ChatGPT uses Large Language Models (LLMs) to process input queries and generate outputs that appear convincingly human. In other - somewhat layman - words, it finds a bunch of terms that are related to the original input and recombines them according to the probability of each related term's relevancy to produce a valid-looking output. This is why it’s often referred to as a “stochastic parrot.” Consequently, this can result in outputs that are partially incorrect, a phenomenon that is referred to as hallucination. Two important elements that can make ChatGPT (and generative AI more broadly) successful are the scope and timeliness of the data that it is trained on. If it only has access to a small set of outdated data, the outputs it produces won’t be able to offer much value - especially in the enterprise. Additionally, LLMs need to satisfy enterprise’s existing requirements related to security and Access Control Lists. In case it gets access to internal/confidential information, companies need assurance that information handling fully satisfies their requirements. Once these hurdles - and a few others - can be overcome, the answer to the questions at the top becomes: it’s possible. Generative AI is having an impact, but not so much on the enterprise's internal data in its current state. This will happen in conjunction with existing technologies, namely insights engines. We see the integration of generative AI with the insight engine being the most successful path for enterprises taking advantage of this technology Gartner states: “We expect to see this evolution of the insight engines continue through the combination of generative AI assistants, metadata-driven knowledge graphs, and integration via APIs to and from analytics and BI systems. The result will be a richer and personalized knowledge worker experience across structured and unstructured data and content.”1 Squirro is helping drive this revolution by introducing its enterprise-ready generative AI solution. The solution brings all the benefits of generative AI to enterprises while eliminating its limitations. Squirro’s solution combines LLMs with its own Composite AI - fusing different AI technologies, like Machine Learning and Knowledge Graph, - and Insight Engine technologies. This means enterprises can generate accurate and fully contextualized results based on their own data and eliminate hallucinations, by adding the source of information to the LLM response as evidence and providing transparency and explainability in a secure and compliant way. To learn more about Squirro’s Generative AI solution, download this e-book and FAQ. Read the Gartner report (footnote 1) about the implications of ChatGPT on data and analytics by completing the form below. 1Source: Quick Answer: What Are the Short-Term and Midterm Implications of ChatGPT for Data and Analytics?, Rita Sallam, Jim Hare, Bern Elliot, David Pidsley, Erick Brethenoux, Roxane Edjlali, Radu Miclaus, Pieter den Hamer, Afraz Jaffri, Kurt Schlegel, Julian Sun, Georgia O'Callaghan, 23 February 2023 - ID G00786939 Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Recent Post Jan 25, 2023 Improving Decision Intelligence with Knowledge Portals Oct 13, 2022 Squirro Listed as One of the Best Salesforce Apps on Cybernews Jun 30, 2022 From Cognitive Search to Insights LET'S TALK UPSKILL TRY IT NOW SQUIRRO MARKETPLACE contact GET IN TOUCH * * * * * About Us * About Us * Careers * Partners * Market Data Providers Why Squirro * Why Squirro * Augmented Intelligence * Squirro AI Studio * Insight Engine * Data Connectors * Education Solutions * Banking & Finance * Squirro for Insurance * Squirro for Manufacturing * Cognitive Search * Risk * Marketing Insights * Pharmaceuticals What’s New * Blog * News * Events Quick Links * Resources * Contact Us * Try Now * Subscribe * Home * Solutions * Contact Squirro's Gartner Peer Insights Reviews 4.2 33 Ratings on Gartner Peer Insights (Submit a review) As of 29 Mar 2023 * Terms & Conditions * © 2023 Squirro AG * Sign Up for the AI Hub Newsletter × This site is registered on wpml.org as a development site.