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
My Problem Spending Money
What’s up, you graham? It’s guys here, and today we’re going to be talking about why I save so much money. Because over the last few years, I’ve been called quite a few things, ranging anywhere from stingy, cheap, thrifty, frugal, economical, a penny pinc…
15 Books That Will Change Your Perception of Reality
Last Saturday, we made a video on ways to become lifelong learners. And one way to achieve that is to have an annual reading list. The average American reads around 12 books a year. That’s one a month. We’ll give you 15 to start with for next year. Welco…
Kevin O'Leary's Crypto Journey: Bear To Bull Shark | Bankless podcast
[Music] Kevin: Welcome to the show! How are you doing, man? Interviewer: Very good, thank you very much. Hey, so you are in Washington right now. That’s why you’re all suited up and looking spiffy. What’s the conversation in Washington? What are you the…
The Gulf Stream Explained
The ocean conveyor belt and the Gulf Stream. Ocean currents have a direct influence on our lives. They determine our weather, our climate, and much more. The ocean currents and wind systems transport heat from the equator to the poles and operate like a l…
15 Things to Avoid If You Want to Grow
Growing and evolving in life is a wonderful journey that we all want to experience, right? It’s a bit like planting a tiny seed and then caring for it so it can grow into a strong, magnificent tree. But as we move forward, there are some catches that we s…
YC SUS: Gustaf Alströmer and Eric Migicovsky discuss growth tactics
Exciting! Welcome to another week of Startup School. I’m joined this week by Gustav. You want to tell us a little bit about yourself? Maybe your background? Sure! So I work here at YC as a partner. I’ve been here for two and a half years. Before that, I …