Artificial Intelligence: The magic wand in the hands of a salesman - Times of India

Chennai: Why pay a common motor insurance premium if you're statistically safer than the rest of the demographic? Insurance companies are aggregating customer data to gauge premiums dynamically. If you are a middle aged man with two kids and drive an SUV, your premiums will be lesser than a 25 year old youth who just got his first sedan. AI and data analytics is changing the sales game rapidly, equipping sales personnel with the right tools and data so they improve conversions and save time. The next time you go to a shop and your favourite dress is out of stock, the salesperson at the counter would take in your order and source it from the neighbouring retail store and earn brownie points.