Large language models are amazing tools in themselves, but many may not realize that models that are domain or industry-specific are potentially even more powerful. Not only are they trained on more specific data geared toward your industry, but they also often come with a laundry list of benefits that make creating or buying an industry-specific LLM well worth the price.
So let’s take a look at a few examples of benefits that domain/industry-specific LLMs bring to the table.
Specialized Vocabulary and Contextual Understanding:
Anyone who has had a job knows that each industry has its own unique set of jargon and language that you often don’t find outside their fields. For LLMs, this could be a problem as many workers, upon thinking about it, often fall back into this jargon and may not be able to utilize LLMs to their maximum potential. So when domain-specific LLMs are trained in a specific industry’s language and terminology, it opens a lot of doors in terms of smoother communication between the LLM and operator.
In short, this means the models, when working with their human counterparts, can better understand and generate content that is relevant and accurate within that particular domain. And this is commonplace in almost every field, from data science, to finance, energy, and many others.
Improved Data Interpretation:
In the case of the data science field, the work often involves interpreting and analyzing data from various and diverse range of sources. But here’s the thing, this is an issue that is quite common in many other fields. And this is where a domain-specific LLM can become useful. A domain-specific LLM can assist in comprehending the intricacies of data patterns, relationships, and anomalies unique to the industry it has been fine-tuned for. So instead of generalized answers, or insights, these LLMs, can help to generate more accurate insights and predictions without losing valuable data that can be lost due to lack of context or language matching.
Enhanced Problem Solving:
When it comes to using large language models, the name of the game is the ability to solve complex problems using data-driven approaches. So by fine-tuning an LLM specific to its industry/domain, the model has more information to work off, with a better contextual understanding that can provide tailored solutions by leveraging its understanding of the domain’s challenges and requirements. This can lead to more effective problem-solving and innovation that can be better applied to that specific domain.
Efficient Data Preprocessing:
Data preprocessing is a crucial step in data science workflows of any industry that seeks to shift toward data-driven decision-making. But depending on the industry, data processing may look different depending on the manner in which it has been gathered and any compliance requirements. With that said, domain-specific LLMs can be improved and tuned for context-aware data cleaning and transformation techniques.
This not only streamlines the preprocessing phase and ensures the data is better prepared for analysis, but can also reduce resource costs associated with the preprocessing phase.
Industry-Specific Insight:
Here’s the thing, not every industry will use data the same way to gain insights. What is important for non-profits, won’t be the same data that banks or hospitals will find important. So a domain-specific LLM can be used to generate reports, summaries, and insights specific to the data patterns and trends within that industry. This can assist professionals in making informed decisions and understanding their data more comprehensively.
Personalized Recommendations:
In industries like e-commerce and marketing, domain-specific LLMs can power recommendation systems that suggest products or content tailored to individual user preferences, based on their historical data and behaviors. Though recommendations in theory can work the same across domains, what drives these recommendations may not be optimized to its fullest potential if the LLM isn’t fine-tuned to the domain.
Reduced Learning Curve:
Here’s a big one, and it’s related to costs in terms of time, and resources. Professionals entering a specific industry might need time to learn its unique language and nuances. Often jargon and other contextual pieces of information don’t translate well when making the move to a new industry. The same can also be said with popular tools. So domain-specific LLMs can assist newcomers by providing explanations, definitions, and context, reducing the learning curve.
Ethical Considerations:
In industries with sensitive data, like healthcare, domain-specific LLMs can be fine-tuned to ensure that the generated content adheres to ethical and legal guidelines, safeguarding patient confidentiality. Depending on the domain/industry, there may be very specific regulations and laws that have to be met in order to stay in compliance; this can become more complex when we enter the world of medicine and some of the privacy rights associated with this kind of data.
So a domain-specific LLM that has these constraints in mind would be better suited to navigate these sensitive issues related to the data used, or being used, than a general LLM that isn’t geared to understand these issues. To put it simply, you may want your doctor to use an AI-powered tool to provide better treatment, but you’ll likely want it to care for your information better, than say, ChatGPT. Though ChatGPT is great as a general LLM, it’s not well suited to handle such sensitive information – that’s why it doesn’t.
But with an LLM specifically trained with these restrictions in mind, you may feel more comfortable allowing the doctor to use AI to provide better, and even most customized treatments.
Conclusion
Clearly, large language models, when geared toward specific industries/domains, can unlock even more benefits for those who are willing to take the time and learn this new technology. But, because LLMs are part of the fast-moving NLP ecosystem, standards, ideas, and even methods are quickly changing.
So it’s becoming important to keep up with any and all changes associated with LLMs. And the best place to do this is at ODSC West 2023 this October 30th to November 2nd. With a full track devoted to NLP and LLMs, you’ll enjoy talks, sessions, events, and more that squarely focus on this fast-paced field.
Confirmed sessions include:
- Personalizing LLMs with a Feature Store
- Understanding the Landscape of Large Models
- Building LLM-powered Knowledge Workers over Your Data with LlamaIndex
- General and Efficient Self-supervised Learning with data2vec
- Towards Explainable and Language-Agnostic LLMs
- Fine-tuning LLMs on Slack Messages
- Beyond Demos and Prototypes: How to Build Production-Ready Applications Using Open-Source LLMs
- Automating Business Processes Using LangChain
- Connecting Large Language Models – Common pitfalls & challenges
What are you waiting for? Get your pass today!
