Can an AI be your analytics intern?
A video supplement to the Fintech AI Review
Can an AI be your analytics intern? In the first-ever video supplement to the Fintech AI Review, I recorded a technical deep-dive on LLM-based data analysis tools, including ChatGPT Advanced Data Analysis and LIDA, an open-source project from Microsoft Research. One of the most useful ways to think about AI is that it gives you a bunch of interns, a framing discussed previously in this newsletter. Just like an intern, it’s not perfect, it doesn’t know everything, and you probably have to check the work, but it might help give you more leverage and amplify your work. In fact, I and my colleagues at Ocrolus are already starting to use some of these tools in this way.
In the video, I use a publicly available dataset of securitized auto loan performance to explore the capabilities of AI tools for analyzing data. You can see how the tools plan analysis, write code, generate graphs, and explain their conclusions. I even show some of the code underneath LIDA to reveal how such a tool ‘prompt-engineers’ the LLM to produce high-quality results. Interestingly, interacting with an LLM as an assistant actually might teach us how to better specify tasks for human assistants as well!
I hope you enjoy this video and find it educational and thought provoking. If you have any feedback or ideas on other technologies you’d like to see explored here, please let me know. Thanks for reading/watching, and if you like what you see, please share with a friend or colleague!