InsurTech has become a powerful driver of change in the insurance sector. There’s a lot of potential for technology to transform this industry and automate repetitive and time-consuming tasks. There are several recent developments in the tech world and some of the interesting innovations are taking place in insurance. McKinsey forecasts that InsurTech will bring...
In today’s fast-paced, digitized world, businesses must be agile to adapt and respond quickly to new challenges and opportunities. One of the biggest challenges faced by insurance carriers is fraudulent insurance claims. To reduce fraudulent insurance claims, many insurance carriers are turning to artificial intelligence (AI) and machine learning solutions. AI algorithms can analyze large...
Social media has always been an integral part of every business’s marketing strategy. A study says that 51.7% of businesses have turned to social media marketing ever since the pandemic. Automation plays a huge role in long-term success and growth in today’s business world. With the recent technological progress, AI is pushing the frontier of...
Introduction Recently, the amount of data generated has increased significantly, thanks to the growing use of the internet of things (IoT) and smart devices. The data format has also diversified from traditional fixed data to current, less structured data, hence big data. So, what is big data? What are the types of big data? What...
Introduction Data integration is a renowned and crucial aspect of today’s business world. Current competition in the business sector is based on how well and fast one can use the data assets to obtain significant insights. Data integration allows you to easily access your organization’s information from a single platform. In that case, the system...
“Hey, Google Set a reminder to call mom” “Hey, Siri Send a message to my hairstylist to confirm today’s appointment” “Hey, Alexa Dim the lights and turn on the air conditioner” Sound familiar? All of us have used these voice assistants to make our lives simpler. We have all come a long way in evolving...