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Data Analysis Transformation: Analysis of the Impact of ChatGPT on Various Industry Application
- 1 Business School, University of Sydney, Sydney, Australia
* Author to whom correspondence should be addressed.
Abstract
This research investigates Chat Generative Pre-Trained Transformer (ChatGPT)'s potential to significantly transform data analysis across various industries. As an advanced artificial intelligence language model, ChatGPT offers innovative solutions for automating and refining data analysis processes. Its applications are extensive, encompassing fields such as education, commerce, healthcare, and the military. The study provides a thorough assessment of ChatGPT's capabilities, highlighting its strengths in generating actionable insights and enhancing decision-making efficiency. Additionally, it evaluates the obstacles and constraints linked to artificial intelligence, encompassing apprehensions regarding data privacy, security, biases, and the precision of outcomes. By conducting detailed analyses of practical implementations and comparing them with previous research, this study emphasizes the considerable impact of ChatGPT while also underscoring the need for cautious and responsible use. The findings indicate that while ChatGPT holds significant promise for transforming data analytics, additional research and development are essential to enhance its performance and address potential risks. The study calls for ongoing investigation to address these challenges and maximize the benefits of ChatGPT in the evolving landscape of data analysis.
Keywords
ChatGPT, Data Analytics, Artificial Intelligence
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Cite this article
Wang,L. (2024). Data Analysis Transformation: Analysis of the Impact of ChatGPT on Various Industry Application. Advances in Economics, Management and Political Sciences,135,116-122.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
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