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
Why Stupid People Get Lucky?
Statistically, your odds of winning the lottery are one in 292 million. This means you’ve got a 0.0000338 chance of winning the Powerball jackpot. To put this into perspective, you’ve got a one in one million two hundred and twenty-two thousand chance of …
Intro to Economics - Course Trailer
Welcome to Introduction to Economics. You are about to become an economically-literate person. You might not realize this, but you’ve always been an economic actor. When you’ve decided to spend your time doing one thing, you might have foregone being ab…
How To Become A Millionaire: Index Fund Investing For Beginners
What’s up you guys, it’s Graham here. So let’s cover one of my favorite ways to invest ever, besides real estate. I would even go so far as to say that this is the best, safest, and easiest long-term investment strategy out there for most people. Also, th…
The LARGEST Wealth Transfer Just Started | How To Prepare
What’s up guys, it’s Graham here. So you’re probably going to want to sit down for this because we’ve got a major problem. In June, it was reported that 61 percent of Americans are living paycheck to paycheck. As of a recent report, higher inflation and r…
Modern Women Are Not What You Think - This Will Shock You
Speaker: What’s happened is the rise of social media and the rise of online dating and the rise of feminism has taught women that they are not to blame for any poor choices. Every poor choice is glamorized. So if you want to be a sex worker, it’s great. …
How More Efficient Fishing Can Protect the Ocean | National Geographic
[Music] All the management strategies that we have today were really developed thousands of years ago by the Pacific Islanders. Things like closed areas, closed seasons for spawning, minimum size [Music] limits. Somebody would say, like, “Oh, he’s a fishe…