Logo
Logo

Blog

Harnessing Large Language Models for Data Extraction

Stay informed on new product features, the latest in technology, solutions, and updates.

Feb 7, 2024

presentation

Harnessing Large Language Models for Data Extraction

In the ever-evolving field of machine learning, the introduction of Large Language Models (LLMs) like transformers, GPT-3, and BERT has sparked a revolutionary shift. These models have unlocked new horizons in language processing, significantly transforming our approach to natural language understanding and text generation. This blog delves into the cutting-edge realm of LLMs, particularly focusing on their application in extracting information from texts, a task fraught with complexities and challenges.

Learning Objectives

  • Exploring LLM Use Cases: Uncover the diverse applications of LLMs in various domains.
  • Understanding Extraction Challenges: Discuss the hurdles in extracting data from texts, such as handling complex and different layouts.
  • Comparing Different Models: Evaluate the performance of various LLMs in extraction tasks for JSON and YAML formats.
  • Extraction Formats Overview: Get acquainted with different formats like JSON and YAML for data extraction.
  • Highlights
  • Conclusion

In this blog, we embark on a journey through the intricate world of LLMs, exploring their core technology and extraordinary capabilities. We will demonstrate practical applications, specifically extracting names and organizations from texts of varying lengths and complexities, and delve into converting these extractions into structured formats like JSON and YAML.

The Evolution of Data Extraction

Traditionally, data extraction, especially from extensive text sources, has been a formidable task. Techniques like pattern matching, which involve direct text comparison, often fall short due to their inherent limitations and inefficiencies. Vector search, an innovative approach that involves converting text into numerical vectors for comparison, also lacks precision in many scenarios.

Enter LLMs: These models offer unparalleled flexibility and precision, standing out for their ability to interpret and extract meaning from text. By effectively recognizing and extracting varied data types, LLMs prove indispensable in tasks that traditional methods struggle with.

Use Cases and Challenges

LLMs, powered by transformer-based architectures, are adept at capturing long-range dependencies and contextual nuances in language. This makes them highly effective in a plethora of language-related tasks. For those interested in exploring various models, the Hugging Face platform (huggingface.co/models) regularly updates its repository with trending LLMs developed by different organizations.

Addressing the Challenges

The path to effective data extraction using LLMs is not without its obstacles:

  • Variable Syntax: Data from disparate sources often varies in formatting and layout, complicating the standardization of the extraction process.
  • Complex Structures: Documents from various sources and formats can contain intricate elements like tables, charts, and multi-column layouts, posing significant challenges in maintaining context during extraction.
  • Evolving LLM Architectures: Recent developments, such as Gemini by Google DeepMind, highlight the growing specialization of LLMs. Unlike ChatGPT's text-centric design, Gemini's natively multimodal approach enables superior performance in certain use cases.

To navigate these challenges, a blend of advanced techniques, including performance analysis and customized algorithms, is often necessary.

Overview of Different Extraction Formats

Retrieval Augmented Generation (RAG) Paradigm

The concept of data extraction using Large Language Models (LLMs) falls under the broader umbrella of the retrieval augmented generation (RAG) paradigm. This innovative approach integrates LLMs with custom data sources, enabling the creation of contextually rich and powerful applications.

The Querying Stage in RAG

During the querying stage, the RAG pipeline skillfully retrieves relevant context in response to user queries. This process involves:

  • Retrieval: Selecting pertinent information from various knowledge bases.
  • Orchestration: Combining and managing the retrieved data.
  • Reasoning: Utilizing the LLM to make sense of this data in the context of the query.

This stage is crucial as it helps in reducing the risk of 'hallucination', where LLMs might generate false or inaccurate information by integrating up-to-date knowledge that may not be present in the model's original training data.

Data Extraction Formats: JSON vs YAML

In our exploration, we'll focus on extracting data in two popular formats: JSON (JavaScript Object Notation) and YAML (YAML Ain't Markup Language). Yup, that's the real full form of YAML. Both formats are widely used for their readability and ease of use in data serialization. However, their structural differences can impact the performance of data extraction:

  • JSON: A text-based format that uses key-value pairs, making it ideal for serialized data transmission.
  • YAML: A more human-readable format, often preferred for its simplicity and ease of use in configuration files.

Comparing Performance Across Different Models

We will assess the data extraction capabilities of various LLMs by comparing their performance in converting text to JSON and YAML formats. The models under comparison include:

  • OpenAI's ChatGPT-3 Turbo and ChatGPT-4 Turbo
  • Meta's Llama-2-7b-chat-hf
  • Google's Gemini Pro
  • Alibaba's Qwen-72b-Chat
  • The newly trending Mixtral 8x7B

The Dataset for Comparison

For this demonstration, we'll use data from the Weekly Funding Report by Entrackr (available at Entrackr Weekly Funding Report). We'll provide the same prompt to each model, requesting the conversion of the text into both JSON and YAML formats. The goal is to compare the performance of these models not only against each other but also to observe how each model handles the two different formats.

The Results

{
"Week": "22-27 Jan, 2024",
"Funding": {
"TotalAmount": "$248.94 million",
"GrowthStageDeals": [
{
"Company": "Vivifi",
"Amount": "$75 million"
},
{
"Company": "AiDash",
"Amount": "$50 million"
},
{
"Company": "Namdev Finvest",
"Amount": "$15 million"
},
{
"Company": "Infra.Market",
"Amount": "$12 million"
},
{
"Company": "VIKRAN Engineering",
"Amount": "$10 million"
}
],
"EarlyStageDeals": [
{
"Company": "Krutrim",
"Amount": "$50 million"
},
{
"Company": "Ecofy",
"Amount": "Amount not disclosed"
},
{
"Company": "SCOPE",
"Amount": "Amount not disclosed"
},
{
"Company": "Newme",
"Amount": "Amount not disclosed"
},
{
"Company": "RagaAI",
"Amount": "Amount not disclosed"
},
{
"Company": "Convenio",
"Amount": "Amount not disclosed"
},
{
"Company": "STAN",
"Amount": "Amount not disclosed"
}
]
},
"MergersAndAcquisitions": {
"Acquisitions": [
{
"Acquirer": "NODWIN Gaming (Owned by Nazara)",
"Target": "Comic Con India"
},
{
"Acquirer": "MakeMyTrip",
"Target": "Savaari Car Rentals"
}
]
},
"LayoffsAndShutdowns": {
"Layoffs": [
{
"Company": "Cult.fit",
"EmployeesAffected": "Around 150 employees"
},
{
"Company": "Swiggy",
"EmployeesAffected": "5-6% of overall workforce"
}
],
"Shutdowns": [
{
"Company": "Rario",
"Details": "Shutting down current product, launching new product by March"
}
]
},
"NewLaunches": {
"NewVentures": [
{
"Company": "SimpleO.ai",
"Founder": "Gautam Sinha (Ex-CEO of Times Internet)"
}
]
},
"FinancialResults": {
"Results": [
{
"Company": "Chai Point",
"RevenueFY23": "Rs 200 Crore",
"LossesFY23": "Slow"
},
{
"Company": "DealShare",
"GMVFY23": "Rs 1,043 Crore",
"OutstandingLossesFY23": "Rs 1,043 Crore"
},
{
"Company": "Byju’s",
"RevenueFY22": "Rs 5,015 Crore",
"LossesFY22": "Rs 8,245 Crore"
},
{
"Company": "Ferns N Petals",
"RevenueFY23": "Rs 607 Crore",
"LossesFY23": "Heavily"
},
{
"Company": "Eruditus",
"RevenueFY23": "Rs 3,300 Crore",
"LossesFY23": "Dwindle 66%"
},
{
"Company": "CashKaro (Backed by Ratan Tata)",
"RevenueFY23": "Rs 250 Crore"
}
]
},
"NewsFlash": [
"Zomato gets RBI nod for payment aggregator biz",
"Fidelity marks down valuation of Meesho and Pine Labs",
"SoftBank offloads Rs 3,800 Cr worth shares in Paytm in FY24",
"SaaS startup Perfios reportedly planning for public listing this year",
"Khazanah in talks to lead $400 Mn funding round in OYO",
"Healthcare firm Redcliffe and Qure.ai are in talks to raise fresh funds"
]
}
GrowthStageDeals: - Company: Vivifi Amount: $75 million - Company: AiDash
Amount: $50 million - Company: Namdev Finvest Amount: $15 million - Company:
Infra.Market Amount: $12 million - Company: VIKRAN Engineering Amount: $10
million EarlyStageDeals: - Company: Krutrim Amount: $50 million - Company:
Ecofy Amount: Amount not disclosed - Company: SCOPE Amount: Amount not
disclosed - Company: Newme Amount: Amount not disclosed - Company: RagaAI
Amount: Amount not disclosed - Company: Convenio Amount: Amount not disclosed
- Company: STAN Amount: Amount not disclosed MergersAndAcquisitions:
Acquisitions: - Acquirer: NODWIN Gaming (Owned by Nazara) Target: Comic Con
India - Acquirer: MakeMyTrip Target: Savaari Car Rentals LayoffsAndShutdowns:
Layoffs: - Company: Cult.fit EmployeesAffected: Around 150 employees -
Company: Swiggy EmployeesAffected: 5-6% of overall workforce Shutdowns: -
Company: Rario Details: Shutting down current product, launching new product
by March NewLaunches: NewVentures: - Company: SimpleO.ai Founder: Gautam Sinha
(Ex-CEO of Times Internet) FinancialResults: Results: - Company: Chai Point
RevenueFY23: Rs 200 Crore LossesFY23: Slow - Company: DealShare GMVFY23: Rs
1,043 Crore OutstandingLossesFY23: Rs 1,043 Crore - Company: Byju’s
RevenueFY22: Rs 5,015 Crore LossesFY22: Rs 8,245 Crore - Company: Ferns N
Petals RevenueFY23: Rs 607 Crore LossesFY23: Heavily - Company: Eruditus
RevenueFY23: Rs 3,300 Crore LossesFY23: Dwindle 66% - Company: CashKaro
(Backed by Ratan Tata) RevenueFY23: Rs 250 Crore NewsFlash: - Zomato gets RBI
nod for payment aggregator biz - Fidelity marks down valuation of Meesho and
Pine Labs - SoftBank offloads Rs 3,800 Cr worth shares in Paytm in FY24 - SaaS
startup Perfios reportedly planning for public listing this year - Khazanah in
talks to lead $400 Mn funding round in OYO - Healthcare firm Redcliffe and
Qure.ai are in talks to raise fresh funds ```
</TabsContent>

{" "}

<TabsContent value="gpt4">
```yaml - company: Vivifi funding: $75 million - company: AiDash funding: $50
million - company: Namdev Finvest funding: $15 million - company: Infra.Market
funding: $12 million - company: VIKRAN Engineering funding: $10 million -
company: Krutrim funding: $50 million - company: Ecofy funding: undisclosed -
company: SCOPE funding: undisclosed - company: Newme funding: undisclosed -
company: RagaAI funding: undisclosed - company: Convenio funding: undisclosed
- company: STAN funding: undisclosed - company: Bookingjini funding:
undisclosed - company: DocOsage funding: undisclosed - company: Studiovity
funding: undisclosed - company: The Kenko Life funding: undisclosed - company:
Kofluence funding: undisclosed - company: Analytics Jobs funding: undisclosed

Highlights

In the dynamic landscape of language model development, a comparative analysis of various models reveals insightful trends and distinctions in their underlying architectures and performance.

GPT 3.5 vs GPT 4: A Study in Contrast

GPT 3.5 and GPT 4 stand out in this analysis. While GPT 3.5 tended towards more generalized responses, its data was somewhat sparse and inconsistent. In contrast, GPT 4 excelled with focused outputs, closely aligning with specific formatting and data requirements.

Observations on Usage Patterns

Prolonged use of GPT models has unveiled a tendency for these systems to weigh the initial and final lines of input more heavily, particularly during less congested hours, enhancing performance.

LLama and Gemini: Niche Performers

LLama's unique capability to convert funding amounts into numerical representations hints at its potential utility in specific scenarios, despite some data inconsistencies. Gemini's performance closely mirrored that of GPT 4.

Gwen and Mistral: Varied Consistency

Gwen's outputs were less consistent, often diverging to include unrelated results. Mistral, sharing similarities with GPT 4 and Gemini, brings the added benefit of being an open-source Large Language Model (LLM).

Format Preferences: YAML vs JSON

A striking revelation from this study is the LLMs' preference for extracting data to YAML over JSON. This preference might stem from the simpler syntax of YAML, which eschews the clutter of quotes, commas, and excessive whitespace seen in JSON. The dash "-" syntax in YAML is particularly effective for list representations in standard documents. Given the computational constraints inherent in these models, YAML's streamlined format likely facilitates more efficient data processing and extraction, leading to enhanced generation speed and consistency.

Conclusion

As we delve into the intricate world of Large Language Models (LLMs), their potential in data extraction tasks becomes increasingly apparent. This exploration into various models, including ChatGPT-3, ChatGPT-4, LLama, Gemini, Gwen, and Mistral, underscores the advancements and unique capabilities of each in handling structured data formats like JSON and YAML.

Our comparative analysis revealed distinct differences in performance and preferences across these models. GPT 4, with its advanced architecture, demonstrated a remarkable ability to align outputs closely with specific formatting requirements, surpassing GPT 3.5 in data consistency and focus. The LLama model showed a unique flair for numerical data conversion, despite some inconsistencies, suggesting a niche utility in specific applications. Gemini's performance, akin to GPT 4, highlights the rapid advancements in LLM technologies. However, Gwen's outputs exhibited less consistency, underlining the challenges still faced in achieving uniform excellence across models.

One of the most striking findings from this study is the LLMs' preference for YAML over JSON. This preference likely stems from YAML's simpler syntax, which allows for cleaner, more efficient data processing. This insight is crucial for developers and data scientists, as it suggests a strategic direction in formatting data for optimal processing by LLMs.

In conclusion, the dynamic landscape of LLM development continues to evolve, offering powerful tools for data extraction and processing. While each model has its strengths and weaknesses, their collective advancements hold immense promise for the future of natural language processing and AI-driven data analysis. The insights gleaned from this study not only inform current practices but also pave the way for further innovations in the field.

Logo

Crafting Quality Software in India, Shaping Global Excellence

Flag of India

Proudly building in India

A-401, Pramukh Anand Orbit Mall,
Kudasan, Gandhinagar, Gujarat 382421

© 2024 BigCircle. All rights reserved

This website uses cookies to ensure you get the best experience on our website. By continuing to use this site, you agree to our Cookie Policy