How AI and data exploitation can stimulate growth

Tanvirmasud

will go down in history as the year AI became a mainstream topic. While on the one hand the use of artificial intelligence solutions dates back to the last century, the development of tools with advanced potential and easy use (such as ChatGPT) has allowed this series of innovations to spread within the economic world , as well as to participate in the public debate. The use of models built thanks to the extensive use of data - and which in turn allow us to analyze and exploit enormous amounts of information - today allows companies to access wide-ranging benefits , from greater operational efficiency to better care of the relationship with the customer.


In this regard, insurance India Telegram Number Data is one of the sectors in which the exploitation of AI and data offers the most interesting prospects. Insurance companies can already today, thanks to the use of data and the support of artificial intelligence, benefit from better decision making; a reduction in errors and bias; of process efficiency. This is provided that the company's technological development goes hand in hand with (or exceeds) the evolution of the market , and that therefore the necessary technological tools are integrated and used in a correct and functional way. In this in-depth analysis we specifically analyze the relationship between AI and data and the insurance sector, considering what benefits and prospects it offers and how to exploit technology to best seize market opportunities.



Benefits of leveraging data and AI in insurance According to an analysis conducted by Moody's on a sample of over 500+ companies in the risk & compliance area, 14% of insurance companies have already adopted or are testing AI solutions. 14 % of insurance companies have already adopted or are testing AI solutions. The most significant data, however, is the percentage of companies in the sector that are considering introducing artificial intelligence into their processes - a number equal to more than one company in two and, specifically, 55%. 55 % of companies in the sector are considering introducing artificial intelligence into their processes. This is a figure that highlights the interest in these technologies and highlights a possible (and realistic) future in which artificial intelligence will dominate insurance processes.