CXO Bytes

7 Biggest Questions About ChatGPT, Answered

By Bern Elliot


ChatGPT, or the Chat Generative Pretrained Transformer, is a chatbot and generative AI language tool launched by OpenAI in November 2022.

While there is a lot of excitement about ChatGPT, as well as conversational artificial intelligence in general, many questions remain about what generative AI is and what it can do for people as well as enterprises. Here are some of the most frequently asked questions and use cases for ChatGPT:

No. 1: What role will ChatGPT play in the enterprise?

ChatGPT —and other foundation models like it — is one of many hyperautomation and AI innovations. It will form a part of architected solutions that automate, augment humans or machines, and autonomously execute business and IT processes. It will also likely be used to replace, recalibrate and redefine some of the activities and tasks included in various jobs.

No. 2: What are the different ways you can use ChatGPT?

ChatGPT is capable of:

  • Generating and helping to improve prose and code development.
  • Summarizing text.
  • Classifying content.
  • Answering questions.
  • Translating and converting language (including programming languages).

Beyond that, there are four main ways to deploy the ChatGPT technology:

  • As-is: Input text prompts and receive results via the web-based interface. This is by far the most popular approach when starting out.
  • Prompt engineering without APIs:Prompt engineering refers to the use of a service like ChatGPT in conjunction with other technologies, as part of a workflow. You can create this workflow manually or by using screen scrape and robotic process automation (RPA) technologies.
  • Prompt engineering using APIs:This approach allows you to set and evaluate prompts programmatically and directly integrate ChatGPT with a broad range of applications.
  • Custom build/direct interaction with a foundation model:It is possible to leverage your own version of GPT2/GPT3 or other foundations model for a bespoke implementation. However, you would not be using the customized version of GPT3 or GPT4, which users cannot change.

No. 3: What will the workforce impact be?

There will be new jobs created, while others will be redefined. The net change in the size of the workforce will vary dramatically depending on the industry, location, enterprise size and offerings, etc. However, it is clear that the use of tools such as ChatGPT, hyperautomation and other AI innovations will focus on tasks that are repetitive and high-volume, with an emphasis on efficiency, increasing productivity and improving quality control. ChatGPT will also be integrated into business applications. This will make adoption easier, and relevant contextual information will be available in the applications.

No. 4: What are the current limitations of ChatGPT?

  • It is only trained on data through September 2021, so it has limited knowledge of events that have occurred since then.
  • It cannot cite its sources, and it’s only as reliable as these sources, which may be wrong and inconsistent, either in themselves or in how they are combined by ChatGPT.
  • It cannot yet accept image input or generate images (though in the future, it could be used in combination with visual generative AI models).
  • You cannot train ChatGPT on your own knowledge bases.
  • Although it gives the illusion of performing complex tasks, it has no knowledge of the underlying concepts; it simply makes predictions.
  • Its data privacy assurances have not yet been subject to rigorous audit.
  • Despite some recent improvements, it cannot be relied on to do math.

No. 5: How secure is ChatGPT for my staff to use?

Maintain caution when using ChatGPT. While OpenAI and Microsoft, the companies behind the product, have stated that all information shared is confidential and private, they have not yet clarified details of their data usage in certain areas, such as what they do with context-sensitive prompt information. Until there is further clarity, enterprises should instruct all employees who use ChatGPT to treat the information they share as if they were posting it on a public site or social platform. Having said that, Microsoft, which has a lot of experience with these enterprise issues, has been clearer and more proactive in creating security, confidentiality and privacy policies related to ChatGPT than OpenAI has.

With all of this in mind, it is best to create a company policy around rather than block ChatGPT. Your knowledge workers are likely already using it, and an outright ban may lead to shadow ChatGPT usage, while only providing the organization with a false sense of compliance. A sensible approach is to monitor usage and encourage innovation but ensure that the technology is only used to augment internal work and with properly qualified data, rather than in an unfiltered way with customers and partners.

No. 6: What’s next for ChatGPT — and generative AI more broadly?

ChatGPT will emerge from its beta phase into an early trial and pilot phase. During that time, adoption is expected to increase, best practices for use will mature, and increased adoption into business workflows and applications is expected. However, it is also possible there will be a negative response to a range of issues, including privacy concerns, misuse of information and bias. This is common as a technology moves from the peak of inflated expectations to the trough of disillusionment.

No. 7: What actions are recommended to take in the meantime?

  • Proceed but don’t over-pivot.Recognize that this is very early stage and much of what you are hearing is hype. That said, the potential is significant.
  • Explore other emerging generative AI use cases.Go beyond GPT language-focused ones.
  • Encourage careful experimentation.Encourage out-of-the-box thinking about work processes, but not before you define usage guidelines, ensure understanding of the risks, issues and best practices, and have all generated text reviewed by humans.
  • Create a task force reporting to the CIO and CEO.Explore existential threats and posed and major opportunities, plan a roadmap for discovery, and scope the skills, services and investments needed.



(The author is Mr. Bern Elliot, Vice President and Distinguished Analyst, and the views expressed in this article are his own)

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