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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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Ideas to Get You Started with Generative AI Capabilities!

Smarten

If you are looking for ways to get started on your AI journey and take advantage of the current capabilities of this technology, here are a few ideas to get you started with AI: Unstructured Data : – Use artificial intelligence and GPT to summarize PDFs, HTML and other unstructured documents and data.

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American Honda IT to fuel innovation with generative AI

CIO Business Intelligence

Generative AI takes a front seat As for that AI strategy, American Honda’s deep experience with machine learning positions it well to capitalize on the next wave: generative AI. The key to a successful AI strategy, in part, is the quality and cleanliness of both structured and unstructured data, he says.

IT 121
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Automated Sales & Underwriting Strategies can Transform Insurance

bridgei2i

Automated Sales & Underwriting Strategies can Transform Insurance. Many of the underlying processes in insurance which had already started evolving due to the adoption of digital and intelligent automation across functions have scaled substantially in the post-COVID world. Author: Prabuddha Jagadeb.

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Generative AI will profoundly change healthcare operations

CIO Business Intelligence

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better.

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Merck Life Sciences banks on RPA to streamline regulatory compliance

CIO Business Intelligence

To increase efficiency while working on various regulatory processes that assist in compliance through on-time submission of the regulatory documents, cost, improving performance, and enabling a speedy go-to-market timeline, we decided to leverage RPA,” she says, an increasingly popular approach to automating business processes.

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Expion Health revamps its RFP process with AI

CIO Business Intelligence

Automating complex projections and other calculations in the insurance industry is a vital undertaking, says Jeffrey Rivkin, research director for healthcare payer IT strategies at IDC Health Insights. Insurance companies can use AI to summarize long medical charts, to classify documents, and to find patterns in unstructured data, he says.

IT 96