As ChatGPT is still all the rage and has been downloaded one million times in the first couple of days after its release, OpenAI has released their latest language model GPT-4, the long awaited successor of GPT-3. GPT-4 is a further development of GPT-3, or GPT3.5, bringing with it a range of new capabilities and […]
The Case
Deloitte is a globally operating business that needs to optimize their process efficiency. With a mindset like this, the company is always looking for ways to use rule-based systems and curated templates to set up repetitive or pattern-based parts of reportings. The Deloitte Network for Language Technology is always on the lookout for "language technology" to ensure that processes are optimized and time-efficient.
The Challenge
Deloitte's focus is on the reporting of established processes. Deloitte has to generate many risk assessment reports for all financial applications. This can not be done manually, as it would take too long and would need too much man power. They were also looking for a tool they could integrate into their toolchains for various purposes, including risk analysis, regulatory applications and internal recruiting.
The Solution
The Deloitte team knew they were able to automate the writing process of their reportings and they chose AX Semantics. The NLG platform fulfills all essential aspects for the generation of the reports of Deloitte. In addition to the implementation of risk and compliance reports, Deloitte uses AX Semantics for efficiency in the area of finance or balance sheet preparation. Risk assessment reports are now generated in an augmented process with the help of AX Semantics. That means that repetitive parts of reports are all created automatically and the intuitive parts of the texts are added by analysts. AX Semantics has also been integrated into Deloitte's toolchains. Risk analysis, regulatory applications, and internal recruiting are created with the help of the AX software.
Overview of reportings on Deloitte's website
The Results
The creation of certain recurring reports, various projects of Deloitte have already shown that the effort can be reduced by up to 80%. Due to the very high quality and applicability of AX Semantics, Deloitte is able to produce reportings automatically. Analysts save a lot of time as they concentrate on writing intuitive parts of analyses only.
