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
360° Orangutan School | National Geographic
In a remote corner of Borneo, hidden in a patch of protective jungle, there’s a school for baby orangutans. Very often, we receive around, and they have spent their whole life in captivity, and that they have never been able to climb a tree. Rescued from …
Stunning Photos of Sacred Water Around the World | Nat Geo Live
We went to Mexico to look at the sacred Cenotes in the Yucatan. They used to be spiritual places for the Mayans. Today we come and we seek peace and relaxation and meditation. This is a Russian Orthodox community on Epiphany day. Now, you’re probably gon…
Creativity break: why is learning biology important? | High school biology | Khan Academy
[Music] I think biology is so critical for everybody to learn because it defines who we are as human beings, as animals. It defines the whole animal kingdom, and then it goes on to define the whole plant kingdom, the insect kingdom. Understanding those pr…
Startup Advisor Equity? - Pebble Watch Founder Eric Migicovsky
Bringing on advisors or creating a network of people who can help you is critical for an early stage founder, especially a first-time founder. I did it myself; I had ups and downs in the process, but that’s just like every other part of building a startup…
Surviving a Hostage Situation | No Man Left Behind
It’s hard to describe what was going on. There is total, not panic, but chaos. Pandemonium. I don’t know that anybody was ready for Anita to shoot me. I wasn’t. After the shot, it was a throbbing, burning pain, and I immediately became concerned about the…
Harj Taggar - Choosing a Startup to Work At
Hey everyone, I’m Harj. I’m a partner at Y Combinator, and I’m going to answer how do you choose a startup to work at. So the first thing is to be sure you actually want to work at a startup. Working at a startup is not for everyone. It’s a very unique e…