The insurance industry stands at the cusp of a remarkable transformation driven by the rapid advancements in artificial intelligence (AI). With AI seeping into every aspect of business operations, insurance companies are leveraging this technology to enhance underwriting and risk assessment, streamline claims processing, and offer personalized insurance products and services.
As businesses and users increasingly seek more engaging and human-like interactions with AI systems, Bard has risen to the occasion, revolutionizing the conversational AI landscape. In this article, we will explore the remarkable advancements of Bard, its widespread acceptance, and the transformative benefits it brings to the forefront.
It is interesting to see how the insurance sector is undergoing a phase of digital transformation, which requires the industry to innovate and adapt to changing customer expectations.
Digital disruption has invariably affected the health insurance industry. Various players in the industry are now leveraging the latest digital technologies such as Artificial intelligence (AI), Big Data Analytics, and the Internet of Things to improve their offerings overall. As predicted by Accenture, the majority of insurance executives believe that artificial intelligence (AI) will significantly transform the industry, and McKinsey estimates that the potential total annual value of the AI and Analytics industry will be $1.1 trillion if it is applied to its full potential in the Insurance domain.
According to UNESCO nearly 1.5 billion children and youth are out of school post the COVID-19 outbreak across 165 countries. With most offices having moved to work-from-home options and the ever-increasing unemployment rates, the online learning rate is going to grow exponentially among the working class too. With the COVID-19 threat still looming, there is […]
COVID-19 is disrupting the business ecosystem and the economy significantly and is likely to cost the global economy $1 trillion during 2020, says UNCTAD, the UN trade agency. From governments closing the borders and enforcing lockdowns to businesses struggling to meet the supply and demand, the novel coronavirus is changing the way businesses operate, collaborate […]
A recent article published by New York Times claimed that a deep learning algorithm was able to screen for lung cancer with 94% accuracy. The system was even able to match and sometimes even beat, 6 expert radiologists who were part of the study. This news might sound sensationalist for most outsiders, but for people […]
With flourishing markets and blooming job opportunities, HR professionals are flooded with resumes and it has become an arduous task managing them. This blog talks about how technologies can simplify the recruitment process using automation, by leveraging Machine Learning & Natural Language Processing