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A deep-dive designed to separate the hype from the reality:
What is it? Get an overview of the technologies that combine to make up artificial intelligence.
What can it do now? Clarify what can be implemented in the near-term.
What does it mean? Gain an understanding of the potential impact on the industry
A session that parks the pie-in-the-sky and focuses on a pressing question: where can AI create business value in a short time-frame?
The insurance industry is data-rich, but its most vital resource is often stranded in legacy systems and across siloes. At the same time, the world is awash with ever-increasing volumes of data flowing from ever-multiplying sources.
Will insurance be left up data creek without a paddle? Or can it harness the power of AI to make use of internal and external, structured and unstrucutured data to generate deeper insights and deliver value?
If a whole new world of data is emerging, what are the implications for insurance?
Many insurers are trying to catch-up with the finance industry by creating dedicated teams to bring analytics into the fold. However, this top-down approach is facing significant hurdles. The insurance industry is data-rich, but this most vital resource is often stranded in legacy systems and across siloes. The mindset shift is yet to happen at the operative level.
Every day, more and more sophisticated sounding terms and external data sources are coming into focus, further complicating the adoption of analytics. It’s easy to get lost. Worse, “Perfection” is being used to avoid doing anything at all.
How can we truly adopt data analytics in spirit as well as in body, and gain from it?