Information technology (IT) firm EPAM Systems inked a partnership with the International Monetary Fund (IMF) on November 11 and introduced StatGPT 2.0, a new platform aimed at enhancing accessibility of economic and financial data worldwide.
The StatGPT 2.0 platform allows users to engage with data using natural language, easing the process of locating and understanding relevant statistics. Additionally, the platform offers a more efficient user experience in data management and exchange through a conversational data exploration and analytics approach.
Over the past six months, EPAM and IMF experts collaborated closely to develop StatGPT 2.0. The platform underwent an evaluation process involving more than 100 representatives from Statistical Data and Metadata Exchange sponsoring institutions and national statistical organisations, using eight publicly available datasets.
Ilya Gorelik, vice president and head of EPAM's Reliable AI Lab, also commented on the collaboration's success, noting the positive feedback from both global and IMF testing communities.
Jim Tebrake, deputy director of the statistical department of IMF, said the platform has the potential to transform data access. "The StatGPT 2.0 GenAI-powered platform will significantly improve the way users access the world's global economic data," he said.
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