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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.

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Data distilleries: CIOs turn to new efficient enterprise data platforms

CIO Business Intelligence

In today’s data-driven world, large enterprises are aware of the immense opportunities that data and analytics present. Yet, the true value of these initiatives is in their potential to revolutionize how data is managed and utilized across the enterprise. Now, EDPs are transforming into what can be termed as modern data distilleries.

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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. Before we go further, let’s quickly define what we mean by each of these terms.

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Unlocking the full potential of enterprise AI

CIO Business Intelligence

1] The limits of siloed AI implementations According to SS&C Blue Prism , an expert on AI and automation, the chief issue is that enterprises often implement AI in siloes. SS&C Blue Prism argues that combining AI tools with automation is essential to transforming operations and redefining how work is performed.

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AI in action: How enterprises are scaling AI for real business impact

CIO Business Intelligence

To capitalize on the enormous potential of artificial intelligence (AI) enterprises need systems purpose-built for industry-specific workflows. Strong domain expertise, solid data foundations and innovative AI capabilities will help organizations accelerate business outcomes and outperform their competitors.

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How AI orchestration has become more important than the models themselves

CIO Business Intelligence

In fact, business spending on AI rose to $13.8 Computing costs rising Raw technology acquisition costs are just a small part of the equation as businesses move from proof of concept to enterprise AI integration. In 2023 alone, Gartner found companies that deployed AI spent between $300,000 and $2.9

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Salesforce adds skills to its AI agents and agentic platform to serve more enterprise use cases

CIO Business Intelligence

Customer relationship management ( CRM ) software provider Salesforce has updated its agentic AI platform, Agentforce , to make it easier for enterprises to build more efficient agents faster and deploy them across a variety of systems or workflows. Christened Agentforce 2.0, New agent skills in Agentforce 2.0