Digital Transformation in the Insurance Industry
September 10, 2015 by Madison Jacobs
Insurance is one of the oldest industries to use statistics and modeling. Today, changing demographics and customer centric models, combined with digital trends such as big data, cloud and AI (Artificial Intelligence), are creating a data deluge.
With intelligent analysis, this data can be a gold mine for informed business decisions. Insurers have traditionally used data to assist with business processes, for example, in underwriting and claims processing.
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