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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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Commercial Lines Insurance- the End of the Line for All Data

Cloudera

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

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Back to the Financial Regulatory Future

Cloudera

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk. Well, sort of.

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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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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. The same study estimated that chatbots would lead to $1.3

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Covid Data: An anomalous blip, or the new normal?

Cloudera

These include the use of more data sources to gain insights and how cloud technologies can assist with digital transformation goals to be more agile and achieve objectives more quickly. Data Variety. Insurance and finance are two industries that rely on measuring risk with historical data models. Insurance .

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO Business Intelligence

The 2000s: Spending spree September 2003: Autonomy completes its purchase of video management software vendor Virage and rebuilds the company’s software on its own IDOL (Intelligent Data Operating Layer) unstructured data management platform. billion at 2011 exchange rates—although later reports will put the price as high as £8.7

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