Utilising ChatGPT To Evaluate Operational Risk Knowledge
Summary
TLDRIn this video, Manos Kulal, co-founder and chief risk officer at RIS Spotlight, demonstrates how to use Chat GPT to evaluate operational risk knowledge. He showcases creating multiple-choice questions for different levels of expertise, from basic to advanced, to assess personal or team knowledge and during hiring processes. Kulal recommends using the paid version of Chat GPT for better question quality and suggests that this tool can also be used to build a library of test questions for e-learning courses. The video concludes with an invitation to explore generative AI's role in enhancing risk management productivity and quality.
Takeaways
- 😀 The video presents how to use Chat GPT for evaluating operational risk knowledge, which is beneficial for newcomers and during hiring processes.
- 📝 Manos Kulal, co-founder and chief risk officer at RIS Spotlight, introduces the use of generative AI technologies in risk management activities.
- 🤖 Chat GPT is requested to create multiple-choice questions to assess basic operational risk management knowledge without initially displaying the answers.
- 📑 The script demonstrates a process where individuals can answer questions first and then compare their responses with Chat GPT's provided answers.
- 💡 It's suggested to use the paid version of Chat GPT (Chat GPT Plus) for better quality questions, as the free version's responses are reportedly poor for operational risk management.
- 👥 The video suggests using the question-generating functionality for personal knowledge assessment, team learning, and evaluating interviewees or external consultants.
- 📚 The script mentions the creation of a library of test questions for e-learning courses on operational risk or compliance within an organization.
- 🔄 The process of generating questions can be repeated to create a large number of questions for different contexts, including advanced knowledge assessment.
- 📈 The video provides examples of prompts for generating questions at different knowledge levels, from basic to advanced, tailored to experience levels in operational risk management.
- 📧 The speaker invites viewers to reach out via email for further exploration of how generative AI can enhance risk management productivity and quality in their organizations.
- 🔍 RIS Spotlight has conducted an in-depth analysis of over 100 use cases for utilizing generative AI in operational risk management over the past nine months.
Q & A
What is the main purpose of the video presented by Manos Kusal?
-The video aims to demonstrate how to utilize Chat GPT to evaluate operational risk knowledge, which is useful for individuals new to operational risk or for assessing knowledge of potential hires for operational risk roles.
Who is Manos Kusal and what is his role at RIS Spotlight?
-Manos Kusal is the co-founder and chief risk officer at RIS Spotlight, where their AI practice specializes in generative AI technologies to enhance productivity and quality of risk management activities in the financial services industry.
What is the first example presented in the video regarding the use of Chat GPT?
-The first example is requesting Chat GPT to create five multiple-choice questions to evaluate someone's basic knowledge on operational risk management without displaying the answers initially.
Why is it suggested to use the paid version of Chat GPT over the free version for operational risk management?
-The paid version, Chat GPT Plus, is recommended because it has been found to provide higher quality responses for operational risk management use cases compared to the free version.
How can the functionality of generating questions be utilized by a single individual?
-An individual can use this functionality to evaluate their personal knowledge on operational risk management, possibly by writing down their answers and later comparing them with the correct answers provided by Chat GPT.
What is one way to use the question-generating functionality during a team meeting?
-The functionality can be used to run an operational risk quiz competition, which can be both fun and facilitate joint learning within the team.
How can the generated questions be used during an interview process?
-The questions can be utilized to evaluate the knowledge of individuals being interviewed for operational risk roles.
What is the potential use of the generated questions for e-learning courses?
-The questions can be used to create a library of test questions for operational risk or compliance-related e-learning courses developed within an organization.
What is the process if one needs more than five questions for evaluation?
-If more questions are needed, the user can simply ask for five more questions, and Chat GPT will generate additional questions based on the context provided earlier.
How can the video script help in evaluating the knowledge of someone with a few years of experience in operational risk management?
-By changing the prompt to generate advanced questions targeted towards someone with 3 to 5 years of experience, the script can help evaluate whether the individual has the desired operational risk expertise.
What is the final example covered in the video regarding the use of Chat GPT for evaluating knowledge?
-The final example is generating questions for evaluating knowledge of operational risk experts, targeted towards individuals with 10 or more years of experience in operational risk roles.
How can generative AI enhance risk management productivity and quality in an organization?
-Generative AI can enhance productivity and quality by automating the generation of evaluation questions, facilitating knowledge assessment, and providing insights through advanced analysis of use cases.
What should one do if they are interested in learning more about how generative AI can benefit their organization's risk management?
-Interested parties should send an email to [email protected] for more information on how generative AI can be utilized for operational risk management.
Outlines
📚 Utilizing Chat GPT for Operational Risk Knowledge Evaluation
In this segment, Manos Kulal, co-founder and chief risk officer at RIS Spotlight, introduces how Chat GPT can be used to assess operational risk knowledge. This tool is beneficial for newcomers to operational risk or for evaluating potential hires. Kulal demonstrates generating multiple-choice questions without displaying answers, allowing users to self-assess before comparing with Chat GPT's correct answers. He emphasizes the use of Chat GPT Plus for higher quality responses and suggests that the tool can be used individually or in team settings for learning and evaluation purposes. Kulal also mentions the potential for creating a library of test questions for e-learning courses within organizations.
🔍 Advanced Operational Risk Knowledge Assessment with Chat GPT
The second paragraph focuses on generating more advanced questions for evaluating the knowledge of individuals with 3 to 5 years of experience in operational risk management. Kulal explains how Chat GPT can produce questions tailored to different levels of expertise, from basic to advanced. He illustrates this by generating a set of intermediate-level questions and then moves on to creating questions for operational risk experts with 10 or more years of experience. Kulal's examples show how Chat GPT can be a versatile tool for assessing deep expertise in specific areas of operational risk. The video concludes with an invitation for viewers to reach out for further insights on enhancing risk management productivity through generative AI.
Mindmap
Keywords
💡Operational Risk
💡Chat GPT
💡Evaluation
💡Multi-Choice Questions
💡Knowledge Assessment
💡Operational Risk Management
💡RIS Spotlight
💡Generative AI
💡AI Practice
💡E-Learning
💡Expertise
Highlights
The video presents how to use Chat GPT for evaluating operational risk knowledge.
It can be beneficial for those new to operational risk or for assessing potential hires.
Manos Kulal, co-founder and chief risk officer at RIS Spotlight, introduces the video.
RIS Spotlight specializes in generative AI technologies for risk management in financial services.
Chat GPT is used to generate five multiple-choice questions without displaying answers initially.
The audience can answer the questions first and then check with Chat GPT's provided answers.
Chat GPT Plus, a paid version, is recommended for better quality questions.
Free version of Chat GPT has been found to provide poor quality responses for operational risk use cases.
The functionality can be used by individuals to evaluate personal knowledge or in team meetings for quizzes.
Questions generated can help evaluate interviewees for operational risk roles.
A library of test questions can be created for e-learning courses on operational risk or compliance.
The video demonstrates generating more questions by asking for additional sets of five.
Advanced questions can be generated for evaluating experienced operational risk managers.
Questions can assess the expertise of external consultants in operational risk.
The video shows generating advanced questions for those with 3 to 5 years of experience.
For operational risk experts with 10+ years of experience, even more advanced questions are generated.
Generative AI can enhance productivity and quality of risk management, as analyzed in 100+ use cases.
Contact information for AI RIS spotlight.com is provided for further inquiries on generative AI in risk management.
Transcripts
in this video I will present examples on
how you can utilize chat GPT to evaluate
operational risk knowledge this can be
very useful if you are new to
operational risk and want to evaluate
your current knowledge you can also
utilize this functionality to evaluate
knowledge of individuals you are
considering to hire in an operational
risk role within your
team I'm Manos kulal and I'm co-founder
and chief risk officer at RIS Spotlight
at RIS Spotlight our AI practice
specializes in generative AI
Technologies and how these can enhance
the productivity and quality of risk
management activities in financial
services
industry let me start with a simple
example in which I am requesting chat
GPT to create five multi-choice
questions to evaluate someone's basic
knowledge on operation risk management
I'm also asking chat gbt to not display
the answers this will allow you to first
answer the questions yourself and then
you can request chat GPT to provide the
answers later to evaluate your answers
let me hit
return so you can see here that chat GPT
is now generating five questions which
are targeted towards somebody who is
still new to operational risk management
it's generating four options for each
questions and it has finished generating
five
questions you can now write down answers
on a paper or a spreadsheet to these
questions once you have done this you
can request chat GPT to provide the
answers let me do
this and chat GPD will display the
correct answers which you can now
compare with your
answers please note that I am using chat
GPT plus which is a paid version of GPT
if you are using the free version of
chat GPT then the quality of questions
may not be very good we have tested the
free version for many operational risk
use cases and found the quality of
responses to be poor and hence we
upgraded to the paid version where the
quality is many times better for
operational risk management use cases so
I strongly recommend that you use the
paid version if you want to utilize chat
gbt for operational risk
management this functionality can be
utilized by a single individual to
evaluate their personal knowledge you
can also utilize this functionality
during a team meeting to run an
operational risk quiz competition this
can be fun and also facilitate joint
learning within the team especially if
you have team members with varing level
of operational risk
experience as mentioned earlier you can
also utilize the questions to evaluate
someone you are interviewing for an
operational risk rle you can also
utilize this functionality to create
library of test questions for any
operational risk or compliance related
e-learning courses you develop in your
organization in my prompt I asked for
five questions because there is a text
limit on the number of words chat GPT
can generate for a response however if
you want more questions then you can
simply ask for five more questions let
me do that in this exam so here I will
say please generate five more questions
and I'll hit return and now it
understands the context I provided
earlier where those questions should be
for evaluating someone's basic knowledge
so now it'll generate five more
questions for that particular
context you can repeat this process as
many times as you want so you can
generate 20 Questions 50 questions 100
questions using this
method you can change the prompt to
generate Advanced questions if you want
to evaluate knowledge of someone who has
few years of experience in operational
risk management this can be very helpful
to evaluate individuals you may be
interviewing to hire for roles which
require prior operational risk
experience it can also be very helpful
to evaluate external Consultants you may
be hiring to check whether they really
have the desired operational risk
expertise here is the prompt to generate
these
questions in this prompt I am asking for
five questions to evaluate someone's
intermediate immediate knowledge of
operational risk management and the
questions should be targeted towards
someone who has 3 to 5 years of
experience in operational risk
management
role so to generate the question let me
hit return
here and now it will generate questions
which are slightly advanced than the
question it generated for testing the
basic knowledge of operational risk
management
as I mentioned earlier you can request
for additional questions as many times
as you
want the last example I want to cover is
generating questions for evaluating
knowledge of operational risk experts
this can be individuals who have 10 or
more years of experience in operational
risk roles since op profal risk is a vde
discipline every expert will have deep
expertise in some areas and basic
understanding of some areas these
questions can be utilized to evaluate
the topics where the experts have the
Deep expertise and where they don't here
is the prompt to generate these
questions in this prompt I'm requesting
five questions for evaluating someone's
Advanced knowledge on operational risk
the questions should be targeted towards
someone who's worked in operational risk
management role for 10 or more
years and here you can see it's now
generating slightly Advanced question
than the previous two context where we
were asking for basic or intermediate
knowledge related
questions if you want to explore how
generative AI can enhance the
productivity and quality of risk
management in your organization then
please send us an email at AI RIS
spotlight.com over the past 9 months we
have conducted in-depth analysis of 100
plus use cases for utilizing generative
AI for operational risk
management that's all for this video
thank you for your time and
attention
関連動画をさらに表示
Generative AI vs. Conventional AI: Introduction For Operational Risk Professionals
This AI Tool is a Game-Changer for Graphic Designers
【必見】ChatGPTビジネス活用10パターン! 明日から実践する5ステップもご提案!
ChatGPT For Cybersecurity
Come creare un Chatbot AI in 5 minuti (Tutorial Completo)
how to get over anyone in 5 minutes using CHATGPT
5.0 / 5 (0 votes)