Ah, the joys of open book tests—remember those history finals where you didn't know a thing until you found the right page?
With Retrieval Augmented Generation (RAG), AI models like ChatGPT are emulating that strategy, and, spoiler alert: they're getting brainier because of it.
Why it matters
RAG is the fancy-schmancy term for giving AI access to a vault of info that keeps it on point.
For small biz owners, this means more reliable AI that won't hallucinate (in the psychedelic sense) when you're just trying to upgrade customer service.
Plus, it's low-key to set up, often needing little more than… a Google Sheet. Yup, that simple.
By the numbers
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73% of AI leaders say RAG is vital for reliable responses (Pinecone State of AI Survey, 2023).
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RAG reduces AI's tendency to make up facts (aka hallucinations) by up to 50% (Stanford University AI Index Report, 2023).
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A whopping 82% of enterprises plan to get on the RAG train this year (Gartner AI in Organizations Survey, 2023).
Overheard at the water cooler
"RAG is like giving my chatbot a set of encyclopedias. All I need now is for it to stop correcting my grammar!"
The plot twist
Think implementing RAG costs a fortune?
Not so fast. Hook it up to a trusty ol' Google Sheet, and you've got yourself a homemade information library that keeps your AI honest—no dusty attic required.
The bottom line
RAG is the AI superpower you didn't know you needed.
It's turning open book exams into your AI's new go-to method for delivering accurate, reliable info.
Time to hit the books, AI-style, and watch your small business reap the rewards.
