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The Significance of Open Source Software in the Digital-First Future Enterprise

CIO

As companies shift their focus from the digital transformation of individual processes to the business outcomes enabled by a digitally transformed organisation, software engineering will become a core enterprise capability. 61% of respondents rated the performance of OSS as being superior compared to proprietary software.

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Unleashing the power of generative AI: Verisk’s Discovery Navigator revolutionizes medical record review

AWS Machine Learning - AI

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. Verisk’s Discovery Navigator product is a leading medical record review platform designed for property and casualty claims professionals, with applications to any industry that manages large volumes of medical records.

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Private equity looks to the CIO as value multiplier

CIO

PE investors are increasingly recognizing digital transformation and AI as critical drivers of competitive advantage, adds Cache Merrill, founder and CTO at software development firm Zibtek. “As All roads lead to IT,” says Corrigan, a veteran of PE-backed firms, with World Insurance backed by Goldman Sachs and Charlesbank.

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Colorado AI legislation further complicates compliance equation

CIO

The bill defines consequential decision as being any decision “that has a material legal or similarly significant effect on the provision or denial to any consumer,” which includes educational enrollment, employment or employment opportunity, financial or lending service, healthcare services, housing, insurance, or a legal service.

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YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance

TechCrunch

Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.

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EvolutionIQ secures $21M to streamline insurance claims processing with AI

TechCrunch

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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AI agents will transform business processes — and magnify risks

CIO

It can also be a software program or another computational entity — or a robot. When multiple independent but interactive agents are combined, each capable of perceiving the environment and taking actions, you get a multiagent system. It’s a system still being used today. I used to work on multi-agent systems in the 1980s.