"Combining AI speed and researcher judgment delivers the best results. AI can assist in drafting and ideation but remains limited in fully automating high-quality survey design."
This Knowledge at Hand report delves into the multifaceted capabilities of AI in marketing and advertising, as well as its shortcomings. It begins with an examination of AI's ability to design effective surveys, highlighting the improvements seen when models are provided with contextual examples.
The report then moves on to sentiment analysis, comparing AI accuracy to human coders and noting the strengths and weaknesses of various models. Another section focuses on coding open-ended responses, where AI models show promise in structuring and synthesizing qualitative data but fall short in capturing emotional nuances and cultural context.
The report also includes a study on AI translation capabilities, revealing that while AI can save time, manual correction is often still necessary for nuanced texts. Finally, the report addresses the dangers of AI, emphasizing the importance of human oversight in mitigating risks such as bias, privacy violations and misinformation. The findings underscore the need for a hybrid approach, combining AI's speed and efficiency with human judgment and strategic insight.
Download the Knowledge at Hand: LLMs: Benefits, Limitations and Dangers