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The Impact of Artificial Intelligence on the Future of Insurance

AI is being used more and more by insurance companies to enhance underwriting and risk assessment, automate claims processing, and customize insurance products and services.

Hyper Intelligent Automation (HIA) on the Verge of Becoming the New Norm

According to the ‘Global Hyperautomation Trends 2021’ report published by Analytics Insight, 37% of companies believe hyperautomation speeds up or duplicates complex tasks. Have you ever wondered what it signifies and how it differs from existing technologies?

Predictive genomics: The Sangam of statistics and science

To dilettantes with only a passable knowledge of this subject, the term ‘predictive genomics’ may seem obsolete since all endeavors in the field of genetics are predictive in their intent. However, it is a discipline at the crossroads of various fields like personal genomics, phenology, and bioinformatics alongside many more. Its relevance lies in the understanding of the human phenotype (expressed traits in an individual) as a function of the person’s genotype and his/her environment and being able to integrate the two variables of the function in a population for generations using advanced computational modalities like AI and Machine Learning.

Electric Vehicles Revolution with Quantum Computing

With advances in science and technology, the transportation and communication sectors have advanced significantly, reducing the amount of time, resources, and effort expended in travel. Electric vehicles have evolved over time, with the assistance of artificial intelligence and quantum computing, to become highly efficient and optimized for people’s transportation.

Digital solutions – Bringing resilience to supply chain management for COVID-19 vaccines.

Supply chains, the backbones of national economies, have had to change their strategies in order to stay efficient and meet the new market requirements of a post-pandemic world. They must increasingly embrace digital solutions to cope with the uncertainties, challenges, and restrictions of our times.

The supply chain ecosystem became all the more critical once the vaccines for COVID-19 were developed – it was the need of the hour to get the vaccines to the public quickly and in the right quantities. In this blog, we talk about digital solutions that can assist this endeavor, bringing resilience to the supply chain for COVID-19 vaccines.

Artificial Intelligence, the true savior of healthcare insurance

Digital disruption has invariably affected the health insurance industry. Various players in the industry are now leveraging the latest digital technologies such as Artificial intelligence (AI), Big Data Analytics, and the Internet of Things to improve their offerings overall. As predicted by Accenture, the majority of insurance executives believe that artificial intelligence (AI) will significantly transform the industry, and McKinsey estimates that the potential total annual value of the AI and Analytics industry will be $1.1 trillion if it is applied to its full potential in the Insurance domain.