If you wish your organization to become higher and you wish it to be applied on organization plans then you ought to opt for AI. AI is like new technology and it will create a significant impact on developing economies. AI will revolutionize production processes. However, AI makes a large distinction between developing economies and it is smart that those countries that depend upon AI are the developed economies whereas others fall into developing or underdeveloped countries. AI will be a nice facilitator to developing countries.

The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. The pace of technology is changing at faster rates than ever before and continues unabated despite the associated risks. New technology startups constantly enter the field, using technologies that impact multiple industries and user groups. Additionally, new technologies are developed virtually every day and are released almost immediately. This means that rapid adoption and use of new technologies is happening ahead of the ability of insurers to understand and respond to them, both as a user and as an insurer.