Management / How artificial intelligence is giving more control
How artificial intelligence is giving more control
26 January 2018
The insurance industry is leading the way when it comes to investing in artificial intelligence (AI) systems. According to a study from Tata Consultancy Services, average spend per insurance company in 2015 was $124million, beating off the consumer-packaged goods and hi-tech sectors.
Simon Tottman, head of insurance research, UK & Ireland at Accenture, agrees that insurance has reached an inflection point when it comes to ramping up AI investment driven by the growth in available data.