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.
Start with a small project and solid data. Learn and build from there.
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.
The speed of AI and its ability to retrieve information quickly means its a great tool in easing the path for prospective insureds.
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.
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.