15 insights from InsurTech Rising's AI Summit

With AI (Artificial Intelligence) being the one of the hottest topics of 2017 for #InsurTech, here is a quick round-up of some of the takeaway points from the AI Summit that I attended earlier as part of the 2017 InsurTech Rising event. This is interesting, because within the insurance industry, many understand this fact but the distinction between AI, Machine Learning (ML) and Deep Learning (DL) is still misunderstood. AI being so topical is fuelling the misbelief that it is new. ML which is a subset of AI, is where machines learn a function from the data, namely patterns and trends, which we as humans can't always determine ourselves and not as quickly. DL which is a subset of ML, and thus, a subset of AI, is where neural networks (on a much bigger scale) work to think like humans.