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Loading: Adding data from where it lives, whether it is PDF, text files, a website, a database or an API into our pipeline
Indexing & storing: Creating a data structure that allows for querying the data. In our proof-of-concept we created vector embeddings to accurately find contextually relevant strings. The index is then stored along with other metadata.
Querying: Query/answer: the user can utilize LLMs to submit a query. The LLM then creates a response based on the input from the index.
Evaluation: objective measurement on how accurate, faithful and fast the responses are
Proof-of-concept
The concept has been validated through a proof-of-concept, receiving positive feedback from the entire mapping team, despite limited sources and training.
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The POC can be accessed here.
Cost:
The cost of the POC was 2,000 USD for development, plus some time from Prod/Design.
Development Roadmap
Next steps would entail:
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Refinement of Retrieval Mechanism: Enhance the AI's ability to accurately source and retrieve relevant data.
Enrichment of Sources: Expand and diversify the data sources to improve the tool's comprehensiveness.
Fine-Tuning for Quality: Optimize the AI algorithms to ensure high-quality, accurate compliance term generation.
End Q1 2024 Internal Beta Roll-out:
POC to Production in AWS: Transition the Proof of Concept (POC) into a full-scale production environment on AWS.
Integration with Mapper Team: Provide the tool to the mapper team for human validation, ensuring accuracy and reliability.
Q2 2024 External Beta Roll-out:
Following successful internal use and quality benchmarks, release the tool externally as a feature of the Dictionary solution.
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Niche Expertise Development: Continuously enhancing our AI models with the latest compliance and regulatory knowledge will keep our tool at the forefront of this niche.
Strategic Partnerships: Collaborating with regulatory bodies and compliance experts can improve our tool's capabilities and credibility.
Focused Marketing and Branding: Emphasizing our specialization in compliance term creation in marketing efforts will help distinguish our tool from broad genAI solutions.
GTM (Go-To-Market)
In-app promotion
The Term Generator will be embedded inside Unified Compliance’s platform, and available to all customers. A free test/trial would be available to customers.
Product page
The Term Generator can be embedded on the Dictionary product page and offer new visitors a limited number of free terms to create.
SEO Lead generation
For many compliance terms, there are very limited or no valid search results on Google. We can create a limited amount pages which would feature a compliance term. Potentially this can create inbound traffic with limited effort.
Financials
The AI-based Term Creation tool is projected to be cost-neutral, delivering significant internal cost savings and serving as a valuable solution for customers.
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