Artificial Intelligence - September 18 2019
As the insurance industry braces for the rise of machine intelligence, many insurance professionals are plagued with fear and uncertainty about how AI will transform traditional business processes, change how business is conducted today, and impact the workplace. We have all seen the headlines that refer to AI replacing humans and, in some industries like manufacturing, the reality of workforce augmentation is already here. It’s commonplace to see robots working alongside their human counterparts on assembly lines. Top car manufacturers have embraced robotics and leaders in the automotive supply chain are embracing artificial intelligence (AI) to take on tasks such as quality control.
For industries like financial services and insurance, machine intelligence is still making its debut. With the power to help organizations make better business predictions faster and cheaper, machine intelligence promises to provide greater insights. Companies looking to gain competitive advantage are securing early-adopter status while fully embracing the value of machine intelligence and AI.