Machine learning represents an exciting new opportunity for business owners and entrepreneurs to streamline operations, optimise customer experience and free up their human workforce for more profitable uses of their time. Unfortunately, the intricacies of the technology mean that many CEOs, CIOs and COOs are left scratching their heads about how to implement a functional, successful system in the first place.
It’s no secret that insurance companies globally are beginning to take digital technology, or more specifically insurtech more seriously. As a way of launching the industry into the digital future. Despite being ever so slightly behind the curve, insurance firms large and small are toying with technology like software bots, artificial intelligence and IoT. Helping to increase customer loyalty, push their expenses down, and create more competitive products.