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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 329
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Data distilleries: CIOs turn to new efficient enterprise data platforms

CIO Business Intelligence

This shift streamlines operations, enhances business insights, and unlocks the full potential of data. 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.

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Are enterprises ready to adopt AI at scale?

CIO Business Intelligence

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry. Another challenge here stems from the existing architecture within these organizations.

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How AI orchestration has become more important than the models themselves

CIO Business Intelligence

Spending on vertical AI has increased 12x , this year, as more businesses recognize the improvements in data processing costs and accuracy that can be achieved with specialized LLMs. Our LLM was built on EXLs 25 years of experience in the insurance industry and was trained on more than a decade of proprietary claims-related data.

Insurance 290
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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. But the CIO had several key objectives to meet before launching the transformation.

Insurance 305
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AI in the Enterprise: 5 key findings of AI usage and threat trends

CIO Business Intelligence

Finance & Insurance and Manufacturing dominate AI adoption: The Finance & Insurance (28.4%) and Manufacturing (21.6%) sectors generated the most AI/ML traffic. Zscalers zero trust architecture delivers Zero Trust Everywheresecuring user, workload, and IoT/OT communicationsinfused with comprehensive AI capabilities.

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Making your enterprise architecture framework work for you

CIO Business Intelligence

More organizations than ever have adopted some sort of enterprise architecture framework, which provides important rules and structure that connect technology and the business. Choose the right framework There are plenty of differences among the dozens of EA frameworks available.