Full article with thanks to: forbes.com/sites/joelshapiro/2021/10/25/four-phases-of-analytics-evolution-from-spreadsheets-to-ai-workbenches Many years ago, I went looking for some “desktop AI”—artificial intelligence that would allow me to tease out trends in data. I knew about IBM’s Watson, so I went to the website in hopes of uploading data and getting access to some machine learning. “That’s not how it works,” a friend who worked at IBM …
Embracing AI to Redefine Risk and Reshape the Insurance Landscape
Full article with thanks to: deloitte.com/us/en/insights/industry/financial-services/future-of-insurance-underwriting.html As the insurance industry adapts to shifting market conditions, some roles will likely need to be transformed as well. Learn how insurers could multiply value creation by modernising the underwriting function now. Key messages The case for the exponential underwriter Driven by the need for efficiency and evolving customer expectations, most insurers have been …
From Generative AI to Quantum Computing: Navigating the New Wave of Enterprise Technology Transformations
Full article with thanks to: cio.com/article/472667/7-trends-defining-the-enterprise-it-market-today.html Enterprise IT is always evolving, with new technologies emerging and older products and services falling into disuse. Here’s what you need to know to stay on top of your game in 2024. When Rebecca Fox, group CIO at security consulting firm NCC Group, looks at today’s enterprise IT market, she sees a future shaped …
How Insurance Technology Can Transform Operations for Better Profitability
Full article with thanks to: mckinsey.com/industries/financial-services/our-insights/the-insurance-switch-technology-will-reshape-operations Insurance companies’ technology and operations functions have traditionally operated independently. Technology facilitated the operations staff’s work, but operations—underwriting, claims, and marketing—was the principal driver of corporate performance. The relationship between the two functions is changing as insurers allocate more resources to technology functions without making similar investments in operational ones. Incumbents hope this shift will …
Embrace AI or Get Left Behind: Thriving in the AI-Driven Landscape
Full article with thanks to: hbr.org/2023/08/how-to-reskill-your-workforce-in-the-age-of-ai How will AI affect businesses and employees? It’s the million-dollar question, and according to Harvard Business School’s Raffaella Sadun, the answer will depend on how well an organisation connects the new technologies to both a broad corporate vision and individual employee growth. One without the other is a recipe for job elimination and fewer …
Embracing AI: Transforming the Insurance Landscape and What That Means for Underwriting
Full article with thanks to: mckinsey.com/industries/financial-services/our-insights/insurance-2030-the-impact-of-ai-on-the-future-of-insurance Welcome to the future of insurance, as seen through the eyes of Scott, a customer in the year 2030. His digital personal assistant orders him a a vehicle with self-driving capabilities for a meeting across town. Upon hopping into the arriving car, Scott decides he wants to drive today and moves the car into “active” …
How to Get Your Staff Up to Speed Quickly After an IT Change…
Full article with thanks to: forbes.com/sites/forbeshumanresourcescouncil/2022/03/11/change-management-13-ways-to-introduce-new-technology As company leaders continue to update their daily operational systems and how they conduct business with clients in a modern age, it’s no easy feat to get the team on board in one fell swoop or bring everyone up to speed in the same time frame. To facilitate a smooth transition when you’re ready …