Data Analysis Transformation: Analysis of the Impact of ChatGPT on Various Industry Application

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.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.18693
Primary Topic
Artificial Intelligence in Healthcare
Type
article
Field-Weighted Citation Impact
0.00
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article

Data Analysis Transformation: Analysis of the Impact of ChatGPT on Various Industry Application

L.J. Wang
Advances in Economics Management and Political Sciences
Artificial Intelligence in Healthcare
article

Data Analysis Transformation: Analysis of the Impact of ChatGPT on Various Industry Application

L.J. Wang
article en

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.

Advances in Economics Management and Political SciencesVol. 135(1)
The University of Sydney (AU)
Openalex Percentile: Top 66%
Artificial Intelligence in Healthcare
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