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.
Regulators have become increasingly interested in what data organizations collect and retain about individuals, how that data is protected and ultimately whether that data is used appropriately.
In the ramp-up to utilizing artificial intelligence and machine learning, some make the mistake of assuming that all data is equal, and that all data is equally usable.
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.