LLMs like ChatGPT can perform data analysis at a fraction of the human cost with comparable performance: study

The results of the analysis were compared with professional human data analysts in terms of performance, time and costs.

The experiments showed that GPT-4 is not just significantly cheaper than a human data analyst, but also much faster in completing the tasks, according to the study findings.

However, the study noted that further studies are needed before concluding that GPT-4 can replace data analysts.

GPT-4 can also beat an entry-level human analyst in terms of performance, which was evaluated through a range…