Generative AI Chatbot
About Client
Industry
Finance
Location
UK
Project Overview
One of our clients has end customers to whom they provide data analytics services. Our client manages their end-customer data and provides the necessary analysis services for their respective businesses.
Our client faced challenges with traditional data analysis processes, which involved manual data handling, complex analysis tools, and limited accessibility to insights.
This approach was not only time-consuming and labor-intensive but also prone to errors and delays due to manual processes and expertise requirements. That too when it comes to managing multiple businesses’ data and providing suitable analytics services to each of them started becoming complex.
It also involved hustle for the end-customer, as they have to log in to the dashboards and fetch the different reports to see some specific insights.
In response to these challenges, we introduced a generative AI bot for data analysis. This AI bot leverages natural language processing and machine learning algorithms to understand user queries, extract insights from the data, and provide actionable information in real time. By automating the data analysis process, the AI bot reduces the time and effort required for analysis, improves the accuracy of insights, and enables users to make informed decisions based on data-driven recommendations.
Traditional Data Analysis Process
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Challenges in Traditional Data Analysis Process
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Our Solution
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Outcome
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100% boost in ease of accessing the insights
95% improved quality and time of decision-making
90% reduction in delays
80% efficiency increase
75% improved client feedback
Infinite blessings were received from their non-tech users looking for an easy way for their data to speak to them.
Outcome
Appraisals completed a year:
Traditional System - 62,500 (Fees 500 USD - Cost 300 USD)
Remote System - 1,00,000 (Fees 350 USD - Cost 100 USD)
Total appraisers 100
Profit Difference: (Remote) $4,74,50,000/Y - (Traditional)$3,46,75,000/Y = $1,27,75,000/Y
90% reduction in delays
Human error reduced from 7.5% to 1%
Significant environmental benefits, including reduced carbon emissions and sustainability promotion
80% efficiency increase
75% improved client feedback
80% improved quality of appraisals (benefiting lenders/mortgage industry and offering better deals)
100% Boost in Happiness of All the Parties
Infinite blessings Received from the Property Owners and Mortgage Companies
Features of Generative AI Bot for Data Analysis
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Technologies Used
LLM (Large Language Model)
- OpenAI GPT4 and Amazon Titan
Library
- Langchain
Vector Database
- AWS Open Search Serverless Vector DB