August 1, 2023
In our guide, we discuss how Large Language Models (LLMs) are revolutionizing the way organizations store and manage information. These powerful tools can process and understand vast amounts of text data, making it possible to automate document analysis, enhance information retrieval, and cleanse data.
We explore the potential benefits of LLMs for information management, such as:
- Automated document analysis: LLMs can be used to scan large sets of documents and extract key information, such as names, dates, and keywords.
- Enhanced information retrieval: LLMs can be used to improve the accuracy and relevance of search results.
- Data cleansing: LLMs can be used to identify and correct errors or inconsistencies in data.
We also discuss the potential risks of LLMs, such as:
- Privacy concerns: LLMs are trained on large datasets of text data, which could contain personal information.
- Bias: LLMs are trained on data that is created by humans, and this data can be biased.
- The spread of misinformation: LLMs can be used to generate text that is indistinguishable from human-written text. This could be used to spread misinformation or propaganda.
As we move into 2024, the influence of generative AI and LLMs on the information and records management space is only going to become more pronounced. Get ahead of the game by downloading our straightforward primer today!
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