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How Open-Source Large Language Models Are Driving The Digital Transformation Wave

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  • Bozhidar Bahov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This paper examines the capabilities, associated challenges, and competitive advantages of open-sour ce Large Language Models (LLMs). We analyze their role as a significant driver of digital transforma tion, offering advantages like cost-effectiveness and adaptability. Although they can contribute to risks around data privacy, bias, and security, the results of our research indicate that open-source LLMs ca n serve as viable alternatives for proprietary models.

Suggested Citation

  • Bozhidar Bahov, 2023. "How Open-Source Large Language Models Are Driving The Digital Transformation Wave," Innovative Information Technologies for Economy Digitalization (IITED), University of National and World Economy, Sofia, Bulgaria, issue 1, pages 15-19, October.
    • Handle: RePEc:nwe:iitfed:y:2023:i:1:p:15-19
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