Can ChatGPT Perform a Grounded Theory Approach to Do Risk Analysis? An Empirical Study

Grounded theory is a widely used scientific method for generating theories from qualitative data analysis. However, it is often time-consuming and requires professional training. Generative artificial intelligence, such as ChatGPT, excels in understanding and analyzing text, making it a valuable tool for qualitative research. This research proposes a novel approach to guide ChatGPT using the grounded theory method for qualitative data analysis …