Let’s see why the use of Machine Learning in the insurance policy subscription process is a differentiating factor, and how it works. Policy subscription process: insurance underwriter Contracting a policy is a voluntary decision by a person to cover a certain risk. But the insurance company has the last word. If the…
According to “The (r)evolution of risk management“, the latest global study on risk management by dun&bradstreet, the banking and finance sector is undergoing a global digital transformation in all business areas and business processes. The future of the banking sector requires the application of smart tools and technology in risk management, customer communication or commercial…
According to Gartner, during 2019 the most relevant technological trends will focus on Artificial Intelligence, data analytics, quantum computing and Blockchain. Of these, Artificial Intelligence trends will be among the most significant. The growing need to automate business processes to ensure the sustainability of operations and maximize profitability, along with the digitization, has increased technological…
Three weeks ago, at Partner World at IBM Think 2019 (celebrated in San Francisco, CA, United States, from 11 to 12 February 2019), the best IBM Business Partners were recognized for their outstanding business solutions. Each year, the IBM Beacon Awards program recognizes IBM Business Partners delivering exceptional solutions to drive business value and transform…
MWC 2019: 5G, foldable devices and cameras Until 28 February, as every year Barcelona hosts the most important mobile fair, the Mobile World Congress (MWC 2019). In addition to the 4YFN 2019, event for startups. Over 2,400 leading companies and 107,000 attendees are coming together at Fira Gran Via and Fira Montjuic to discuss the…
In the next 4 years, thanks to the use of Chatbots, companies will go from saving $20 million to $8 billion Artificial Intelligence, more specifically Cognitive Intelligence, makes Chatbots capable of replacing many routine tasks, until now performed manually. This currently saves a lot of costs for companies in different sectors. According to a study…
Implementing AI in companies Today, many companies are investing heavily in Artificial Intelligence and Big Data and believe that these technologies will help them with their digital transformation. By using data analysis and Artificial Intelligence capabilities, such as automatic learning or decision-making based on these data, companies in all sectors can optimize and automate their…
The reason for this appearance of virtual agents is the dizzying advance of artificial intelligence in recent years, especially in relation to Cognitive Intelligence, which bets on machines to perceive the environment and solve problems as a person’s cognitive system does. The virtual agents are an AI software that simulates talking to a person. There…
This example shows an improvement in decision making based on data, the automation of the planning process and the increase in the profitability of processes and, consequently, of the store.
In this second post, we cotinue to explain the meaning of other analytic disciplines such as prescriptive analytics or cognitive computing.
Prescriptive analytics has a big potential to be a disruptive power in business. Along with predictive data, prescriptive analytics can contribute valuable knowledge about what can happen in the future and automate decision-making to achieve business goals.