Harnessing AI for Business Insight: Key Considerations for Deploying LLMs in Summarization Pipelines

36 Pages Posted: 23 Sep 2024

See all articles by Alex P. Miller

Alex P. Miller

University of Southern California, Marshall School of Business

Kartik Hosanagar

University of Pennsylvania - Operations & Information Management Department

Krishnan Ramayya

School of Information Systems and Management, The H. John Heinz III College

Date Written: May 31, 2024

Abstract

Large language models (LLMs) have demonstrated significant potential in handling unstructured, natural language data. However, their adaptation to complex business settings remains a challenging endeavor. We explore the challenges and research opportunities associated with deploying LLMs for document and knowledge summarization in various business applications. We evaluate current paradigms for evaluation and highlight their inability to fully capture the multi-dimensional considerations in business settings, including relevance, provenance, and factuality of the output. The paper emphasizes the need for a paradigm shift in evaluation approaches to better align with the nuanced needs of business applications. Key considerations include expanding the dimensionality of automated evaluation metrics, incorporating human-computer interaction factors, and addressing domain-specific needs. A case study on summarizing user-generated content from a product announcement video on social media is presented to illustrate these challenges and associated research opportunities.

Keywords: large language models (LLM), LLM evaluation, LLM summarization for decision support, social media analysis, user generated content (UGC), AI-driven business intelligence

Suggested Citation

Miller, Alex P. and Hosanagar, Kartik and Ramayya, Krishnan, Harnessing AI for Business Insight: Key Considerations for Deploying LLMs in Summarization Pipelines (May 31, 2024). The Wharton School Research Paper, Available at SSRN: https://ssrn.com/abstract=4935842 or http://dx.doi.org/10.2139/ssrn.4935842

Alex P. Miller (Contact Author)

University of Southern California, Marshall School of Business ( email )

3660 Trousdale Parkway
Los Angeles, CA 90089
United States

HOME PAGE: http://alexmiller.phd

Kartik Hosanagar

University of Pennsylvania - Operations & Information Management Department ( email )

Philadelphia, PA 19104
United States

Krishnan Ramayya

School of Information Systems and Management, The H. John Heinz III College ( email )

Pittsburgh, PA 15213-3890
United States

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