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Perplexing Impacts of AI on The Future Insurance Claims

Smart Data Collective

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 billion from the insurance industry. However, major advances in AI have arguably affected the insurance industry even more. Capturing data from documents.

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Business Intelligence vs Data Science vs Data Analytics

FineReport

If you are curious about the difference and similarities between them, this article will unveil the mystery of business intelligence vs. data science vs. data analytics. Definition: BI vs Data Science vs Data Analytics. What is Data Science? Typical tools for data science: SAS, Python, R.

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Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption

Cloudera

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

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Build a decentralized semantic search engine on heterogeneous data stores using autonomous agents

AWS Big Data

Large language models (LLMs) such as Anthropic Claude and Amazon Titan have the potential to drive automation across various business processes by processing both structured and unstructured data. Redshift Serverless is a fully functional data warehouse holding data tables maintained in real time.

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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

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Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

billion in cost savings for the insurance industry as well during the same period. . For banks, brokerages, insurance companies, fintech firms, and other financial services organizations, NLP is increasingly being seen as a solution to too much data and too few employees. Intel® Technologies Move Analytics Forward.

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How Banks are Using Technologies to Help Underserved Communities

Cloudera

billion adults around the world do not have access to formal financial services, meaning that they cannot open a bank account or access credit, insurance, or other financial products. Cloudera Data Platform (CDP) has also been instrumental in helping banks solve the issue of financial inclusion in underserved communities.