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The Rise of the Machines Part 2
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Manage episode 376601373 series 3490202
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You won’t get a more illuminating insight into what adopting machine learning and AI means for the general insurance industry than in the second part of Luke Kennelly's engaging chat with Tom Murphy of MLP, in which they continue to cover a broad range of topics
- Exploring the reasons why there is a reluctance amongst brokers and insurers to adopt machine learning
- The importance of proving its capabilities to potential adopters through testing against historical data, and demonstrating its accuracy in predicting outcomes and claims
- The prediction that machine learning and AI will become mainstream and eventually be considered a standard part of doing business for most broking companies
- How companies urgently need to focus on collecting, recording, and maintaining accurate and valuable data that will only increase in value as AI technology evolves
https://opengi.co.uk/
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