According to Grand View Research, the artificial intelligence market size was valued globally at USD 136.55 billion in the last year 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 37.3% between the years 2023 to 2030.
OpenAI's ChatGPT which was launched on November 30, 2022, gained a lot of media and public attention because of its detailed and thoughtful responses to user's questions on various domains of knowledge. This chatbot went viral on social media where a lot of users talked about the impact that this chatbot will have in the coming days and many also shared various effective ChatGPT prompts that could help people to use it in a more efficient way.
Now let's talk about GPT-4 which was released on 14th March 2023 and is being used by users via the ChatGPT Plus(a premium version of ChatGPT). This recent model is claimed to have the most benefits that an AI model can offer. It can help startups to automate their workflows as it has the ability to process both text and images. How images are processed by this model? In one of its brilliant live demonstrations, an OpenAI researcher had drawn a simple rough sketch of a website on a piece of paper. He took a picture of this sketch and uploaded it on GPT-4 and to everyone's surprise, this model could immediately output the code for a website and the code was fully functional and designed exactly like the sketch.
So you might have got an idea that how far the AI revolution has come after various releases of ChatGPT. As AI is now ruling various industries so you might be wondering how you could use ChatGPT for your own startup. Then stay along with me, we shall be understanding the ways and works which can be automated using ChatGPT. I have researched and found 4 significant ways in which companies can utilize OpenAI's ChatGPT:
1. Chatbots
Chatbots are usually softwares that are designed to interact like a human. These softwares are being popularly used over social media applications and the number of businesses that use chatbots has relatively increased.
In the start, you need to first train the ChatGPT-4 model on your startup domain and customer-related data. This would involve providing the GPT-4 model with necessary information such as the company's sales data, customer inquiries, product info, and many more.
The chatGPT-powered chatbot will also adapt and improve itself during the process throughout the time. However, one needs to give in enough time and use resources to utilize the model with the chatbot.
2. Recruitment
Traditional Recruitment methods have been used by companies till now. These methods involve hectic tasks including internal hiring, paper-based job postings, referrals, etc. Even after this, various companies fail to acquire proper talent with desired skills.
In the technological era, this problem of hiring and recruitment can be solved using AI. More specifically ChatGPT-4 can help you in the recruitment process for your business by creating job postings, taking initial interviews, and also screening resumes of candidates.
Screening resumes of candidates:
ChatGPT can be utilized to search keywords through numerous resumes and find the most qualified candidates with skills
Write Job Advertisements:
You can ask ChatGPT to write a job Ad for your company by feeding it with the job description that you are looking for and your company information.
Creating an Interview question bank for a job role:
If you provide the job description for the role that you need to hire to the GPT-4 model then it can generate relevant interview questions that could be asked to the candidates.
3. Automate Workflow
A lot of processes/tasks can be automated by using ChatGPT-4. It can help reduce time consumed during repetitive tasks which are done by human employees.
Scheduling Client meetings:
Provide required instructions and schedule meetings on your calendar that work for everyone and also add the events to your calendar.
Responding to Frequently Asked Queries:
As a startup, there are numerous inquiries coming which might remain unanswered. ChatGPT-4 can be utilized to automate the responses to such queries that are asked by client customers.
Generate important reports or other documents:
Once you provide the structure in which you want to generate your report to GPT-4 then it will write a report for you.
4. Content Creation and social media marketing
Businesses can easily utilize ChatGPT-4 for content creation and social media marketing by enabling it to generate relevant content related to the industry. ChatGPT can help businesses to grow digitally in a number of forms:
Writing Blogs
Creating social media posts
Suggest digital marketing techniques
Example:
I have asked ChatGPT to write me a social media post that could attract clients to buy services from my freelancing agency and its response was just excellent.
The goal of your startup is to develop & maintain a product/services that can solve the problems of potential customers and meet their needs. ChatGPT has the ability to help you to grow your startup and reach great heights. So, give this AI model an opportunity to help you experience the level of excellence that it offers.