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Why a data-first culture is key to unlocking value from AI in insurance

CIO Business Intelligence

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

Insurance 131
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DCO Insurance Benchmarks the Industry’s Digital Transformation Progress

Corinium

After a slow start, the insurance industry is embracing digital transformation – and this digital event highlighted how the sector’s data and analytics executives are leading the charge. Spurred on in part by InsureTechs intent on disrupting the industry, insurance companies have finally begun accelerating their digital transformations.

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How AI orchestration has become more important than the models themselves

CIO Business Intelligence

At EXL, we recently launched a specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise to handle the nuances of insurance claims in the automobile, bodily injury, workers compensation, and general liability segments. To learn more, visit us here.

Modeling 116
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Key Strategies and Senior Executives’ Perspectives on AI Adoption in 2020

Rocket-Powered Data Science

While there has been accelerating interest in implementing AI as a technology, there has been concurrent growth in interest in implementing successful AI strategies. senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. organizations. (e)

Strategy 198
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Marsh McLennan IT reorg lays foundation for gen AI

CIO Business Intelligence

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 122
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Navigating the cloud maze: A 5-phase approach to optimizing cloud strategies

CIO Business Intelligence

CRAWL: Design a robust cloud strategy and approach modernization with the right mindset Modern businesses must be extremely agile in their ability to respond quickly to rapidly changing markets, events, subscriptions-based economy and excellent experience demanding customers to grow and sustain in the ever-ruthless competitive world of consumerism.

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Data distilleries: CIOs turn to new efficient enterprise data platforms

CIO Business Intelligence

Why data distilleries are a game-changer: Insights from the insurance industry Traditionally, managing data in sectors like insurance relied on fragmented systems and manual processes. Historically, insurers struggled with fragmented data sources, leading to inefficient data aggregation and analysis.