Many studies have found that if organizations do not evolve their mindset and efforts to implement AI in their organizations, they risk creating a huge gap between themselves and other institutions that are advancing by adopting AI. And for those organizations that adopt AI, not all of them are successful.
Cognitive top Artificial Intelligence (AI) applications in banking in 2022 have increased tremendously, especially with the return of the new normal early in the year. After the pandemic, many banking organizations opted for facilitating operations through process automation, which in pre-pandemic times was mostly manual or automated in a limited way. As the banking and […]
Defining a right approach towards AI implementation is the key for successful deployment. It is feasible to think on the possibilities of what AI can do, but the groundwork required to make it happen could be the very first challenge. No organization would like to see failure at the deployment stage, as the loss of […]
Insurance Underwriting and its management is a crucial department in the Insurance industry as it helps determine appropriate pricing for the correct risks associated with businesses. However, manual underwriting risk assessments are time-consuming, prone to errors, and may cause information loss. In fact, according to Accenture, more than 50% of an average underwriter’s workday is […]
The era of digital transformation has inspired many organizations to re-think how they align their actions towards their business goals. Document management is one area where technology is changing the game by giving organizations the ability to automate their document management processes and reduce costs. As the volume of electronic information continues to rise, many […]
Over the past few years, the Financial Services (FS) sector has witnessed a reduction in expenditure required for carrying out processes related to customer transactions. As more information is exchanged between channels, new data keeps accumulating. Even with the adoption of new digital technologies, many non-banking financial institutions struggled to cope with this shift while […]
Several recent studies have revealed that AI and humans working together are expected to create wonders in the workplace environment. In fact, as per a recent survey by Automation Anywhere, about 72% of workers believe that AI and business automation strategies will help them perform better at work, further giving them confidence in not being […]
AI trends in 2022 Industry and market experts, CIOs, and even PR agencies have all given a variety of opinions about how AI applications are performing in different industries. As per a poll by Toolbox, about 42% of tech professionals say that Artificial intelligence will be the biggest overall technology trend for 2022 [1]. However, […]
Generating ROI for your business through Artificial Intelligence Artificial Intelligence is taking nearly every industry by storm and organizations are increasingly looking forward to experimenting with the numerous opportunities offered by this technology. As per the 2021 Employee Technology Survey by Gartner, about 74% of employees who have experienced using automation technologies said these technologies […]
What is Natural Language Processing? The branch of Artificial Intelligence that helps computers read, understand and interpret human language is called Natural Language Processing in AI. Also known by its abbreviated form as NLP, this technology is mainly used to facilitate communication and interaction between machines and humans. As computers and machines do not operate […]
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