BY GABRIEL MATTYS
FEBRUARY 6, 2023
Summarization is the process of extracting the most meaningful information from data and presenting it in an easy-to-understand layout. Whether you are a statistician dealing with large datasets or a marketer reviewing endless customer feedback generative AI is a solution. GPT-3 (Generative Pre-trained Transformer) can make the summarizing process easier, and faster, and as a result free up time for more complex tasks. In this blog post, I want to discuss how GPT-3’s summarization functionality can increase productivity and optimize business workflow.
If you’ve heard about GPT-3 you might know that it runs text input to execute a range of natural language tasks. This is a cutting-edge artificial intelligence technology that uses deep learning algorithms to analyze and summarize large amounts of text data. Today, companies are exploring ways to stay more productive and outperform their competitors. Therefore, GPT-3’s summarization feature is great for analyzing data and finding meaningful insights. Let’s explore some of the key benefits of using GPT-3 summarization.
In today’s fast-paced world of technological progress, companies can’t rely only on traditional business models. Customers always want a more personalized user experience. Competitors who embrace AI technology have higher chances to stay competitive. GPT-3 ability to summarize vast amounts of data can help to build a positive brand perception and increase customer retention.
Together with GPT-3’s abilities to autoreply on messages, send various reminders about events, and be multilingual it makes it easier for companies to understand and use their data. Just imagine how data on positive or negative feedback, the most frequently asked questions (FAQ) can be used. This information can tell much about customers’ feelings about brands and products. Generally speaking, GPT-3 summarization feature helps companies faster analyze and identify key data points. With a clear vision, it’s easy to make improvements if any are needed and make more informed decisions. As a result, it saves time and helps be more efficient.
Do you need quickly summarize long texts but don’t have time? GPT-3 based summarization tools can significantly increase performance. This technology can generate a summary of documents instead of employees and lets them focus on output insights. As a result, companies don’t need to hire an extra workforce and can optimize time management.
For an average user, GPT-3’s summarization functionality makes knowledge more accessible. It’s a great way to create summaries for documents, books, articles, and YouTube videos.
Due to high-level machine learning algorithms, GPT-3 can summarize information fast, accurately, and consistently. It makes it an invaluable productivity tool. Many blame GPT-3 for a lack of accuracy but we need to remember that it’s only a computer program and doesn’t pretend to be named sentient. Not yet, at least. It means that GPT-3 generates what we ask and nothing more. Additionally, many industries have been using AI to aggregate and analyze data for a long time. GPT-3 is just the next level in this approach. For example, the process of continuously monitoring trends can be automated with GPT-3 powered tools. Therefore, companies can be confident that their data will be delivered on time and teams can concentrate on interpreting the results of the summarization.
Departments in big enterprises can use GPT-3 for summarizing long texts almost anywhere they need to get a quick grasp of a document. Instead of spending a long time analyzing reports from various subdivisions, teams can pull out key points in a matter of seconds. Faster analysis means faster decision-making. But, this approach can be a lifeline for small, startups as well. Due to the lack of a workforce, they have more chances to compete and save the budget on extra hiring. Overall, GPT-3’s summarization feature can help companies to maximize productivity and optimize business processes.
One of the exciting applications of AI summarization is embedding OpenAI’s GPT-3.5 into Microsoft Teams. This might be interesting for companies of all types and shapes, teachers, and coaches. It’s impossible to make notes of everything that was said during a live talk. Microsoft promises that this upgrade automatically generates the recap of meetings and labels chapters by speakers.
Another tool, with similar functionality, is Tactiq. This is a GPT-3 powered Chrome Extension that generates and summarizes notes of meetings in Zoom, Google Meat, Microsoft Teams, and Webex. As I know there are 10 free sessions to evaluate the possibilities of its product.
With these tools, everyone can track what was said and recall in memory all valuable insights later. Coaches, teachers, and psychologists can focus on their interlocutors and don’t worry about notes.
The value of GPT-3 ability to summarize texts is hard to overestimate. This helps to stay more productive for everyone who works with large amounts of information. But, did you try such tools to summarize YouTube videos? YouTube summary with ChatGPT by Glasp or Wordtune Read by A21labs let’s keep the pace easier and read-only necessary info from long videos. Worth to mention that Glasp and Wordtune are great add-ons. The first one is an AI-powered tool to make notes and summarize articles. The second one can take your copies to the next level. When it’s hard to express thoughts in the right shape it can propose several variations to choose from.
GPT-3 summarization definitely revolutionized the way we work and learn. With its ability to generate high-quality summaries in seconds, it has the potential to improve the time management of any organization and an average user as well.
Also, the rapid growth and the volume of investments in the AI industry prove that this feature will evolve together with the technology. With the improvements in machine learning and artificial intelligence, it is predictable that GPT-3 summarization functionality will become even more sophisticated and accurate which will lead to more widespread adoption.