Empowering Educators: Automated Assignment Scoring via Azure OpenAI Service ChatGPT
Are you an educator struggling to balance teaching and grading assignments? It's time to revolutionize the way you assess your students! Learn how Azure OpenAI ChatGPT can empower you to automate assignment scoring, streamline your workload, and provide valuable insights into students' learning experiences. Unlock the full potential of your teaching and focus on creating engaging educational moments for your students. Don't miss out on our groundbreaking solution for educators in Asia and beyond!
ChatGPT- What? Why? And How?
This blog discusses ChatGPT, a pre-trained language model that has garnered significant attention in the AI community due to its innovative capabilities. It explores the technology behind ChatGPT, its purpose, function, and utilization, as well as its potential applications and impact on the field of artificial intelligence. This blog also covers the limitations of ChatGPT and its architecture and working, including the use of advanced machine learning techniques such as Transformer and fine-tuning.Uses Of ChatGPT In Banking Industry
With the emergence of chatGPT, everything is becoming so easy and accessible. Banks have always been at the forefront of adopting cutting-edge technology to provide excellent customer service. Moreover, banks can now leverage generative language tools like chatGPT to improve their productivity, streamline operations and enhance their daily services and transaction process. Here we are bringing the list of the top 10 uses of ChatGPT in the banking sector. Customer Service ChatGPT is very helpful for banks in transforming their customer service by providing real-time support via chatbot. With its NLP capabilities, it can quickly respond to customer queries, complaints and requests for information efficiently and quickly. Fraud Detection ChatGPT facilitates the banking sector by detecting and protecting fraud by analyzing every transaction separately. However, chatGPT helps banks to protect their customers from any fraud. Bank personnel can even set up alerts; therefore, security professionals get notified of suspicious activity. Loan Origination Loan origination is a complex process and needs multiple steps. It depends on multiple steps such as collecting data, analyzing credit scores, assessing risks and processing loan applications. Hence, By utilizing the chatbot’s machine learning capabilities and NLP system, banks can take advantage of automating many of its tasks. It helps in making the loan origination process quicker and easier for banks. Besides, When any customer applies for a loan,chatGPT provides real-time guidance and support throughout the process. Later, the toll assists banks in gathering customer data, analyzing creditworthiness, and providing real-time feedback. With its capability to analyze Vast amounts of data and make accurate predictions, banks can reduce the risk of defaults. Wealth Management The new innovative technology helps banks achieve personalized wealth management services for their customers by analyzing the user’s data and getting customized investment recommendations depending on their financial goals and risk tolerance. Compliance It is quite a complex process, and non-compliance can lead to significant financial penalties and reputational damage. However, Advanced modern technology helps banks comply with regulatory requirements by monitoring bank transactions. Moreover, this also helps banks avoid costly fines and penalties and help in protecting the bank’s reputation. Financial Planning As citizens, we rely on banks to get financial planning services. However, banks can utilize chatGPT to provide financial planning assistance, including budgeting, debt management, and retirement planning. KYC And AML Anti-money laundering and Knowing your customer are complex for banks to mitigate financial crime risks. It also helps in maintaining regulatory compliance. Moreover, It helps banks automate the process by evaluating large amounts of customers’ data, including history and personal information. Customer On boarding Though it is a challenging process for banks still, the process becomes easier using chatGPT. It helps in reducing wait times and streamlining the customer experience. It assists customers with the following: Filling out parking forms Addressing their concerns about switching banks Opening new accounts Getting answers to customer queries Moreover, it also helps during the on boarding process: Checking the data for accuracy Verify and evaluate customer identities Offering the latest onboarding experiences for customers Risk Management ChatGPT helps in Reducing risks associated with customer identification. It helps monitor activities, flag suspicious transactions, and identify potential fraud. Though, It also helps analyze market data and news to assess the potential economic and political risks that may affect the bank’s operations. Banks can learn from past risks through the new innovative app and improve the risk management process. Virtual Assistant For Banks Banks can facilitate their customers by providing virtual assistance 24/7 for customer assistance with managing their accounts, paying bills and performing transactions.Detection of AI-generated plagiarism: mission initiated
Picture this: you are a teacher eagerly checking your inbox, awaiting your students’ homework assignments with anticipation. You’ve assigned a project that you believe will push your students to their limits and unlock their full potential. But as the first submissions start rolling in, you can feel something isn’t quite right. As you begin to grade the assignments, you’re struck by a stark realisation — a number of them are eerily similar, but with unique phrasing and writing styles. It’s not simple cut-and-paste plagiarism but rather the work of advanced AI tools, like ChatGPT, that are able to mimic writing styles and generate undetectable original content. Will you be able to spot the difference and outwit the AI? Think of artificial intelligence as a tidal wave crashing onto the shores of education. Its arrival has transformed the way we learn, including the way students cheat on homework and assignments. For teachers, it’s like trying to navigate a treacherous ocean — they must find new and creative ways to test their students’ knowledge in a world where technology has made cheating a slippery eel. The challenge is real and the stakes are high. Can we rise to the challenge and chart a course towards an honest and fair education system? As American writer Mark Twain famously said, “Education is the path from cocky ignorance to miserable uncertainty.” In the age of AI-assisted cheating, this path is fraught with obstacles. The use of AI to cheat on assignments and online exams undermines the very foundation of education. If grades can be easily manipulated with technology, they cease to be a true measure of a student’s knowledge and understanding. This is a slippery slope that can lead to the devaluation of degrees and the overall purpose of education. In short, AI-assisted cheating threatens to turn the path of growth and enlightenment into a road of “miserable uncertainty.” As the world searches for high-tech solutions to tackle the problem of AI-assisted cheating, sometimes a quick answer is right in front of us. The viva exam is a tried and true method that has stood the test of time. It is a simple yet powerful tool that provides a comprehensive evaluation of a student’s abilities, giving you a window into their true potential. As educators, we hold the power to shape the future of our students and the education system at large. By prioritising the use of viva exams, we can help foster a culture of academic excellence and instil a strong sense of integrity in our students. The investment of time and effort is more than worth it, as we set our students on the path to success and help ensure the validity and credibility of grades. In the words of British author Sir Ken Robinson, “If you had told teachers in the 1960s that every child would have their own computer, they would have thought you were crazy.” But now, teachers would be dubbed absurd if they thought that students could stay strangers to AI tools. So, instead of turning a blind eye to AI, I decided to embrace it in my classroom. I taught my students the ins and outs of AI-powered chatbots, inspiring even the most reluctant learners to dive in and discover new ways to learn. However, with this newfound excitement came the issue of AI-assisted cheating. To tackle this, I included marks for viva exams with every home assignment. This gave me a more well-rounded understanding of my students’ abilities, and helped me cultivate a culture of academic excellence and integrity. By embracing AI and incorporating viva exams, I was able to turn a potential problem into a unique opportunity for growth and learning. Think of the fight against AI-assisted cheating like a battle between Sherlock Holmes and Professor James Moriarty, trying to outsmart each other. Meanwhile, educators are like Dr John Watson, working alongside Holmes, to provide support in solving a crime. So, let’s channel our inner Dr Watson and work together with policymakers to find traditional and innovative solutions to this problem, and ensure academic integrity in the classroom.
