BLOG – The Insurance Brain: AI-Driven Policy Recommendations
This article was originally posted February 18, 2020 on Forbes Cognitive World - AI Contributor Group. dotData's Founder and CEO - Ryohei Fujimaki, PhD was an interviewed contributor for this important information share. In today's competitive global insurance market, insurers are striving to create new ways to successfully overcome two important and opposing forces: creating short-term revenue growth for the company, while also meeting customers' needs for product offerings and services that are personalized, relevant, and provide long-term value. In meeting these challenges, insurers realize the strategic importance of their data, and how AI and machine learning (ML) can help them better achieve their business goals. But while investments in AI are growing, challenges in resources, technology infrastructure, and the ability to operationalize models quickly and efficiently can prevent insurers from fully leveraging AI and data science to drive business impact. These were some of the challenges faced by leading global…
