Since the release of ChatGPT by OpenAI in 2022, most people in nearly all industries have tried a generative AI tool at least once. The market size for Generative AI is expected to show a CAGR of 24.40%, resulting in a market volume of US $207 billion by 2030. The technology can be useful in multiple ways. One such is extracting data from documents with OpenAI.

Read this post to discover applications and use cases of ChatGPT-based AI to extract data from documents, the challenges and limitations of the technology, and its prospects.