ChatGPT has taken the world by storm. Apps powered by large language models (LLMs) have suddenly taken center stage, with OpenAI, Google, Baidu, and Microsoft getting into the act. A spurt of startups and use cases has emerged on the scene. Suddenly, Generative AI, a branch to which these LLMs [...]
The insurance industry has always been one of the most data-intensive industries. With a large amount of customer data, claims data, and other information, insurers have been adopting artificial intelligence (AI) to streamline their processes and provide better customer experiences. AI-powered technologies have enabled insurers to automate claims processing, [...]
ChatGPT has taken the world by storm. A simple interface is now being used by everyone and for everything. If you are in IT, I am sure not just your colleagues, but folks from your family that do not belong to the IT world are also talking about it. ChatGPT [...]
Artificial Intelligence (AI) is revolutionizing the way healthcare is delivered today. The industry’s data-driven evidential approach to medicine combined with AI is set to transform both the practice of medicine and how the treatment is delivered. AI is already being used to reinvent how people manage their health and access [...]
Data-driven decision-making is fundamental for any business that wants to thrive in today’s cut-throat environment. In fact, there is enough evidence today that proves that data-driven decision-making powered by artificial intelligence (AI) platforms can help businesses expedite their operations, thus saving valuable time and money. Such decisions involve leveraging past information to [...]
Artificial Intelligence (AI) is quite powerful and is constantly evolving and currently knows no bounds. It is focused on outperforming its limits using the power of Machine Learning (ML). AI is empowering computers to do things that human beings are unable to do efficiently and effectively and machine learning is aiding the computers to [...]
Fraudulent insurance claims are one of the biggest preventable losses that hurt insurers worldwide. The P&C segment accounts for the most fraudulent insurance claims, with auto insurance and workers’ compensation making up the biggest percentage of fraudulent claims that annually impact the insurance business. Traditionally, insurers have detected fraud manually. [...]
Our day-to-day lives are becoming increasingly reliant on the direction, decision-making, and support of AI systems. Never in the history of technology has the threat or the need to protect the integrity of such decision-making been more urgent or real. I recently served as an official reviewer for a new BCS [...]
Scammers exist in all forms of commerce. With the advancement of e-commerce, fraud has taken on new forms and become more powerful than ever before. Fraudsters take full advantage of any loophole in any system. Preventing, detecting, and eliminating fraud is one of the major focus areas of the e-commerce [...]
Banks have been frontrunners in adopting new technological innovations for the past couple of decades and have taken advantage of everything technology has to offer. Indian-born British inventor John Adrian Shepherd-Barron was inspired by chocolate vending machines and hit upon the idea “if vending machines could dispense chocolates, why couldn’t [...]
