CEBench: A Benchmarking Toolkit for the Cost-Effectiveness of LLM Pipelines
This addresses the need for cost-effective benchmarking in sectors like healthcare and finance, though it is incremental as it builds on existing benchmarking tools by adding economic considerations.
The authors tackled the problem of balancing effectiveness and cost in deploying local LLM applications by introducing CEBench, an open-source toolkit for multi-objective benchmarking, which streamlines evaluation to support decision-making for economically viable AI solutions.
Online Large Language Model (LLM) services such as ChatGPT and Claude 3 have transformed business operations and academic research by effortlessly enabling new opportunities. However, due to data-sharing restrictions, sectors such as healthcare and finance prefer to deploy local LLM applications using costly hardware resources. This scenario requires a balance between the effectiveness advantages of LLMs and significant financial burdens. Additionally, the rapid evolution of models increases the frequency and redundancy of benchmarking efforts. Existing benchmarking toolkits, which typically focus on effectiveness, often overlook economic considerations, making their findings less applicable to practical scenarios. To address these challenges, we introduce CEBench, an open-source toolkit specifically designed for multi-objective benchmarking that focuses on the critical trade-offs between expenditure and effectiveness required for LLM deployments. CEBench allows for easy modifications through configuration files, enabling stakeholders to effectively assess and optimize these trade-offs. This strategic capability supports crucial decision-making processes aimed at maximizing effectiveness while minimizing cost impacts. By streamlining the evaluation process and emphasizing cost-effectiveness, CEBench seeks to facilitate the development of economically viable AI solutions across various industries and research fields. The code and demonstration are available in https://github.com/amademicnoboday12/CEBench.