A panel of industry experts examine what the latest tech wave means for insurers and how they can keep pace with customers and competitors. This webinar was sponsored by LexisNexis Risk Solutions.
The speed of AI and its ability to retrieve information quickly means its a great tool in easing the path for prospective insureds.
Venturing into artificial intelligence and machine learning means bringing in new skills and personnel, but ultimately it may be less costly than many large-scale technology projects.
Machine learning can be as varied as the data itself, from text to image analytics to a widening array of sensor based data. The good news is that tools are advancing rapidly, and many are open sourced.
Estimates of the transformative power of artificial intelligence and machine learning are running high, likely higher than most organizations' ability to harness the technologies.
Machine learning is about taking vast amounts of data and making it actionable.