bridgei2i

NOVEMBER 25, 2020

Automated Sales & Underwriting Strategies can Transform Insurance. 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. Images 1: Challenges before insurance industry in the post-Corona world.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

CIO Business Intelligence

MARCH 20, 2024

Moreover, new sources of ever expanding data produced by generative AI and the unfettered growth of unstructured data introduce even more challenges. Data at rest. Data in motion. Cyber insurance. There are also complex ERP and CRM solutions – as well as inputs from OT and IoT systems and devices.

IoT 60

IoT Unstructured Data Insurance Data Processing 60

Ontotext

JANUARY 29, 2024

This is because although generative AI can replace people in some cases, there is no professional liability insurance for LLMs. LLMs can optimize several tasks, such as updating taxonomies, classifying entities, and extracting new properties and relationships from unstructured data.

Strategy 52

Strategy Management Metadata Data-driven 52

Data Insight

OCTOBER 27, 2021

Indeed, AI is adding significant value in a range of different industries: Banking & finance: Fraud detection, fast and accurate credit scoring, automated decisioning and data entry. Manufacturing: Forecasting expected demand, process automation, precision cutting, analysis of IoT data.

Machine Learning 52

Machine Learning Insurance Cost-Benefit Unstructured Data 52

bridgei2i

MAY 7, 2019

Most enterprises and heavyweight financial companies are acquiring start-ups with the motive to analyze the massive amounts of unstructured data automatically. For a more detailed outlook on fraud prevention, read our blog on How Analytics Can Protect Insurers from Fraud. Wealth Management for Clients.

IoT 40

IoT Unstructured Data Finance Data-driven 40

CIO Business Intelligence

MAY 24, 2022

However, more than 99 percent of respondents said they would migrate data to the cloud over the next two years. The Internet of Things (IoT) is a huge contributor of data to this growing volume, iotaComm estimates there are 35 billion IoT devices worldwide and that in 2025 all IoT devices combined will generate 79.4

Data-driven 98

Data-driven Data Lake Data Warehouse Cost-Benefit 98