Impact of Artificial Intelligence on Insurance Industry - OpenText Blogs

With all the health tracking gadgets – pedometers, calorimeters, fitness pals – something is changing. Diseases or health problems that were once terminal, have become minor but new have surfaced. Tony Young particularly emphasized the use of technology – information technology in particular – as a driver for transformation and growth in future. With all the data collected, analyzed and then made available back to the users of the gadgets, the healthcare and the insurance industries are undergoing a major transformation today. Insurance – general or life, is no longer the focus of the traditional insurance practices.