Artificial Intelligence (AI) is transforming the insurance industry, yet for many, AI remains shrouded in mystery. Our goal is to demystify AI, making it approachable and practical for those standing near the starting line of their data and AI journey. This presentation aims to inform and educate about AI’s core aspects and how these tools can be leveraged in an insurance context at an enterprise and individual level.
During this presentation, we'll explore:
- How identifying and defining specific AI use cases within the insurance landscape is a crucial first step in harnessing the transformative power of this technology, even for beginners in AI.
- The increased accessibility of AI tools and how they're opening up advanced analytics to a wider audience, making it easier for insurance professionals to understand and apply these tools - even for those new to the field of artificial intelligence.
- The importance of insurance-specific knowledge when applying AI. Even a basic understanding of your business can make AI more effective and impactful.
- How the strength of AI in processing vast amounts of data, like insurance claims or risk data, can sometimes reveal issues with data quality, and how these can be anticipated and addressed.
- The risks and limitations of AI, including ethical considerations and technical constraints. A balanced understanding of AI is crucial for anyone starting to explore this technology.
- The need to see AI not just as a new tool but as a strategic innovation. Even at the beginning of your AI journey, thinking strategically about AI can help you make the most of it.
Attend this session to start your journey into AI. You'll leave with a better understanding of what AI is, how to identify use cases, leverage tools, address potential data quality issues, and understand potential risks and rewards. This is your first step towards confidently navigating the AI landscape in a practical and strategic way.
Principal Consultant, Online Business Systems
An Actuary by trade, Mark is a leader, builder, and innovator in all things centered around data and artificial intelligence. With 20+ years of hands-on experience in designing, developing, and deploying analytic systems, Mark’s insights range from the technical work associated with managing data to the cultural implications associated with the adoption of a data-centered AI system. Currently, Mark is a Principal Consultant at Online Business Systems Global, where he advises organizations, big and small, on how to make the most of their data assets. Mark is also the Chief Analytics Officer at a startup, Max Analytics, where the focus is on bringing analytics to amateur athletics.