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3 key digital transformation priorities for 2024

CIO Business Intelligence

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. I wrote in Driving Digital , “Digital transformation is not just about technology and its implementation. Luckily, many are expanding budgets to do so. “94%

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Expion Health revamps its RFP process with AI

CIO Business Intelligence

“Underwriters used to have at least 10 versions of the Excel sheets, and then they’re pumping this data into the Excel sheet and just doing the math,” says D.S. Suresh Kumar, chief transformation officer for mergers and acquisitions at Expion. “We Artificial Intelligence, CIO 100, Digital Transformation, Healthcare Industry

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Future-Proofing Your Business with Hyperautomation

CIO Business Intelligence

Hyperautomation is a key enabler of digital transformation, often touted as being necessary for an organisation’s survival, but often hampered by economic pressures and talent shortages. Gartner sees these inhibitors driving an annual 11.9 percent growth in the market for “software that enables hyperautomation,” to $US1.04

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Examples of IBM assisting insurance companies in implementing generative AI-based solutions  

IBM Big Data Hub

The most common insurance use cases include optimizing processes that require processing large documents and large blocks of text or images. Customer engagement Providing insurance coverage involves working with numerous documents. IBM works with several insurance companies to identify high-value opportunities for using generative AI.

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Automated Sales & Underwriting Strategies can Transform Insurance

bridgei2i

One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. With direct selling becoming obsolete, salespeople must fall back on digital channels, backed by a robust automated underwriting process. BRIDGEi2i’s insurance solutions.

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Do You Know Where All Your Data Is?

Cloudera

In spite of diligent digital transformation efforts, most financial services institutions still support a loose patchwork of siloed systems and repositories. The top-line benefits of a hybrid data platform include: Cost efficiency. The post Do You Know Where All Your Data Is? Flexibility.

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Adoption of Automated Sales & Underwriting Strategies can Transform Insurance

bridgei2i

The unprecedented circumstances surrounding pandemic have increased awareness around insurable risks across different financial losses that can be covered as everyone in the world have faced financial losses like unemployment, travel cancellation, health issues, business interruptions, etc.