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AI and ML Use Cases in Insurance

AI and ML Use Cases in Insurance Industry

Changing customer expectations, deteriorating profit margins because of traditional methods, fierce competition, and an ever-changing industry landscape push insurance companies to become innovative. Understanding the demands, the industry players have realized that technology-enabled service is the future.    AI and Machine Learning in insurance are changing the entire insurance sector and letting companies provide better…
Understanding the Perks of AI in Healthcare Here are some prominent advantages of AI implementation in the healthcare domain:  Facilitates seamless operations and task automation   AI has brought numerous inventions in the way processes and jobs are carried out in the healthcare industry. Booking appointments, follow-up doctor visits, surgeries, tracking medical records, correcting patient information from various units, and checking and fixing incorrect insurance claims can all get streamlined and effortless with AI.  Aid in medical research Comprehensive medical research requires millions and billions of dollars, not to discuss the effort and time required to spend on research for more satisfactory ailment deterrence or the finding new medications. Apart from that, AI can further assist in amassing data from different sources. Delivering real-time data makes it possible to transfer it across numerous networks and helps in medical findings that can be life-changing. The Bottom Line  Healthcare is a crucial domain where billions of lives depend on the precision and availability of information. As a result, AI holds the enormous possibility to transform the way the industry operates and streamline the lives of healthcare providers and patients, guaranteeing cost-efficiency in terms of money, time, effort, and resources. In addition, highly advanced artificially intelligent solutions have made complicated tasks such as diagnosing medical conditions, surgeries, examing patients under any events, etc., more convenient with exceptional results. So it might not be wrong to say that AI implementation will unquestionably fill gaps in medical accessibility and assure efficient healthcare availability to make a positive change. 

How can the Healthcare Sector Benefit from AI?

Over the last decade, AI (Artificial Intelligence) and Machine Learning (ML) made their mark in several industries worldwide, and it is no different for the healthcare domain. Furthermore, the healthcare sector is continually evolving, and medical data is becoming exceptionally massive and more complicated. Hence precision and agility in collecting and accessing this crucial data…
Equity Research Report

Ways to Use NLP Data to Analyse Equity Research Reports 

Public-company administrators in this modern business world discuss business performance and anticipations with their equity analysts on earnings calls. With the aid of technology, these earnings calls quickly get converted into transcripts that the analysts can use for their future reference or equity research.  The transcripts usually deliver crucial data on market dynamics, a corporation’s…
Two Revolutionary Advancements in AI You Must Know

Two Revolutionary Advancements in AI You Must Know

Artificial Intelligence (AI) is the newest and most significant technological trend right now, but the best ways to use it in business and trade are still being developed. The next big thing for AI is database management, whether it’s in the cloud or on-premises. Researchers are working to take big data to the next level…
AI and Compliance Management

How AI is Transforming Compliance Management

Compliance management can leverage the computing power of AI to process big data and gain customer insights. AI is widely used in compliance and governance as it is very good at processing large tasks at super-fast speeds. Though AI is not smarter than the human brain, it is much faster and can run on a…
AI Adoption – eCommerce, FinTech, Online Media

Industries Leading in AI Adoption – eCommerce, FinTech, Online Media

Artificial intelligence is the computer’s ability to make decisions, perform tasks, and solve problems at a magnitude as complex as a human. These real-time tasks are carried using algorithms based on Machine Learning and Natural Language Processing (NLP) that process vast amounts of data. Artificial intelligence is a direct inference to customer service.   Role…
AI for Investment research and Trade insight

Artificial Intelligence for Equity Research and Trading Insight

Several big banks, financial institutions, and investment firms employ and invest in substantial research teams tasked with analysing and monitoring activities that could impact financial trading markets significantly. Investment research is a core competency in these institutions, and it is a critical component of what equity research analysts, portfolio managers, investors and traders anticipate to take calls.  …
How AI is Changing the Face of Digital Marketing in 2021

How AI is Changing the Face of Digital Marketing in 2021

Digital Marketing aims at maximizing business opportunities with potential customers. In recent years, a multitude of AI algorithms and methods are starting to be utilized in order to provide a good insight into the true interests of consumers. These methods not only analyze the current needs of customers but also predict their future requirements using…
AI in Fintech

How Artificial Intelligence is Revolutionizing Fintech

The world of finance is going through a paradigm shift. With the proliferation of more digital devices, a slew of data generated promises the creation of new possibilities. When paired with the advancements of artificial intelligence (AI), it has been transforming the financial industry through automation. Today, AI is reshaping the way financial institutions generate…
AI in Digital Shopping Cart Abandonment

Role of AI in Recovery of Digital Shopping Cart Abandonment

Artificial Intelligence (AI) has revolutionized the way eCommerce businesses operate. AI has improved several aspects of the industry, from lead generation to data collection. Customer-facing services are being transformed by machine learning algorithms concurrently. Presently, eCommerce merchants adopt several tactics like automated logistics, customer email syncing, smart sales predictions, etc., to integrate AI into their…

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