yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

RFS: LLMs for manual back office processes in legacy enterprises


less than 1m read
·Nov 3, 2024

One thing I'd love to see more startups working on is the use of LLMs to automate complex back office processes in large enterprises.

So, for example, in a bank, you might have a customer service team answering loads and loads of queries from customers. People are already working on automating that, but what lots of people don't realize is that then there's a compliance team that's spot checking one in a hundred of these conversations to make sure that things like complaints are handled appropriately or that financial advice isn't given if the agent isn't qualified.

That's done by a massive team of people who are going through reams and reams and reams of text, and it's a really good task for an LLM. So, if you've got expertise or experience in things like retail banking or insurance or healthcare billing, I think those are great areas to go and look for large teams of people doing repetitive, fairly complex work.

I wish more people would work on something like that. So, if you're building something in this space, you should consider applying to Y Combinator.

More Articles

View All
Warren Buffett: How Most People Should Invest
[Music] So Warren Buffett, we know he is the world’s best investor, and he has built his fortune by analyzing individual businesses and buying them at discounted prices. His strategy can essentially be summarized by just waiting and waiting and waiting un…
The Future of The Past
I recently came across a magazine cover from 1962. Created by Italian artist Walter Molino, it depicts a busy road in the 21st century with what looks like a four-wheeled scooter. Walter called it the Cingulata. While our roads today don’t exactly look li…
How this 96-year-old Secretary grew a $9,000,000 Fortune
What’s up you guys? It’s Graham here. So, I want to share a really cool story written by Corey Kildonan of the New York Times. It’s a great example of what can happen when you live frugally and invest consistently while still working a very modest nine-to…
Kevin Hale - How to Pitch Your Startup
This is gonna be part two of a talk I gave at the very beginning of Startup School on evaluating startup ideas. The thing to know about both of these talks is we’ve been talking about them from the point of view of the investor. Basically, it was helpful,…
How to avoid phishing attempts. However it’s spelled, it’s bad news
Hi, everyone. Sal Khan here from Khan Academy, and I’m here with Grace Hoyt, head of Account Security Partnerships at Google to talk a little bit about online safety. Welcome, Grace. Thanks for having me, Sal. So let’s just start at the basics. What is …
Gravitational potential energy at large distances | AP Physics 1 | Khan Academy
Let’s do a little bit of review of potential energy and especially gravitational potential energy because in this video we’re going to get a little bit more precise. So, let’s say that I have an object here. It has a mass of m, and I were to change its p…