article thumbnail

EXL’s Insurance LLM transforms claims and underwriting

CIO

As insurance companies embrace generative AI (genAI) to address longstanding operational inefficiencies, theyre discovering that general-purpose large language models (LLMs) often fall short in solving their unique challenges. Claims adjudication, for example, is an intensive manual process that bogs down insurers.

article thumbnail

Taktile makes it easier to leverage machine learning in the financial industry

TechCrunch

Meet Taktile , a new startup that is working on a machine learning platform for financial services companies. This isn’t the first company that wants to leverage machine learning for financial products. They could use that data to train new models and roll out machine learning applications.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How AI orchestration has become more important than the models themselves

CIO

Large language models (LLMs) just keep getting better. In just about two years since OpenAI jolted the news cycle with the introduction of ChatGPT, weve already seen the launch and subsequent upgrades of dozens of competing models. From Llama3.1 to Gemini to Claude3.5 In fact, business spending on AI rose to $13.8

article thumbnail

Why a data-first culture is key to unlocking value from AI in insurance

CIO

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

Insurance 197
article thumbnail

Data Science Fails: Building AI You Can Trust

The game-changing potential of artificial intelligence (AI) and machine learning is well-documented. Any organization that is considering adopting AI at their organization must first be willing to trust in AI technology.

article thumbnail

AI in action: Stories of how enterprises are transforming and modernizing

CIO

Generative and agentic artificial intelligence (AI) are paving the way for this evolution. This tool provides a pathway for organizations to modernize their legacy technology stack through modern programming languages. The EXLerate.AI

article thumbnail

Are enterprises ready to adopt AI at scale?

CIO

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.