The business intelligence (BI) and analytics industry has found a valuable new tool for automating tedious data preparation tasks: OpenAI’s ChatGPT. This powerful AI system allows users to ask natural language questions about their data and receive informative answers. However, ChatGPT’s potential goes far beyond this use case.
ChatGPT is not merely a data preparation assistant, but a vast database of humanity’s collective knowledge. This means that organizations can ask it about historical events, cultural norms, and countless other factors that might be relevant to their data. For example, an ecommerce website could use ChatGPT to investigate a sudden dip in sales volume and find out if it was due to weather, labor strikes, or a local competitor’s sale.
While ChatGPT is not accurate or secure enough to replace BI and analytics systems entirely, it will become an essential tool for these platforms in the future. To address issues of accuracy and security, OpenAI is continually updating their language models and designing more privacy-focused versions of ChatGPT.
Ultimately, ChatGPT and other AI systems like it will make analytics faster, more accessible, and more insightful. Rather than spending hours poring over data and generating hypotheses, organizations can simply ask ChatGPT for the information they need. With improved accuracy and security, ChatGPT will soon become an indispensable tool for businesses seeking to understand their data and the world around them.
