Artificial Intelligence Insurance Intelligent Document Processing Why AI is Required for Transformative Insurance Claims Automation July 22, 2021 by adamdev Carriers know that insurance claims processing is costly mainly because it has traditionally required lots of human resources to examine and process all the required documents and images. There is, however, a viable, transformative solution: using a combination of robotic process automation (RPA) and artificial intelligence (AI) in the form of intelligent process automation to […] Read more Ā»
Artificial Intelligence Insurance Intelligent Document Processing 3 Ways AI Solves the Unstructured Data Problem in Property & Casualty Insurance July 15, 2021 by adamdev From claims processing to underwriting, the property & casualty insurance business is driven by documents, the vast majority of them of the unstructured variety. Companies that find ways to automate processing of property & casualty insurance documents can transform their businesses and get a leg up on the competition, including insuretech startups. To date insurance […] Read more Ā»
Artificial Intelligence Intelligent Document Processing Intelligent Process Automation Machine Learning 3 Reasons Document Process Automation Solutions Fail with Unstructured Content July 13, 2021 by adamdev When we talk to customers about how they can use the Indico Intelligent Process Automation platform to automate processes involving even unstructured content, weāre often met with disbelief. Responses along the lines of, āYeah, weāve tried tools like yours. They didnāt work,ā are common.Ā Itās understandable because many companies have indeed been burned by legacy […] Read more Ā»
Artificial Intelligence Commercial Banking Why Explainable AI is Crucial for Intelligent Automation in Commercial Banks June 1, 2021 by adamdev As commercial banks seek to automate document-intensive processes, they need to be mindful about using artificial intelligence technologies that leave them unable to explain why or how decisions were made. The antidote to such āblack boxā technologies is the concept of āexplainable AI”. Itās an issue because any perception of bias in commercial banking practices […] Read more Ā» Explainable AI
Artificial Intelligence Intelligent Process Automation Machine Learning 3 Reasons Why Template-less Automation is Key to Unstructured Data Extraction May 18, 2021 by adamdev As companies seek to automate document processing, a first step is to use robotic process automation (RPA) or a templated approach, which may deliver quick gains for simple processes involving structured content. But to automate the processing of unstructured content, youāll find three big reasons why a template-less approach is required.Ā Structured content includes data […] Read more Ā»
Artificial Intelligence Intelligent Document Processing Intelligent Process Automation Defining Hyperautomation and Its Relationship to Intelligent Document Processing May 6, 2021 by adamdev Gartner recently released its forecast for the hyperautomation market, predicting it will reach $596.6 billion in 2022. That prompted us to address a question that has been confusing automation platform buyers and business process owners for some time: what exactly is hyperautomation? Simply put, hyperautomation is an umbrella term Gartner used to refer to many […] Read more Ā» citizen developers Gartner Gartner hyperautomation Intelligent automation
Artificial Intelligence Intelligent Process Automation Opinion Piece Robotic Process Automation How COEs Use Sound Methodologies to Ensure Intelligent Automation Process Success December 14, 2020 by adamdev As companies get beyond their first one or two process automation projects, it becomes increasingly important to have a sound methodology and framework in place for how to address additional projects āĀ a function that often comes under the charge of the companyās automation Center of Excellence, or COE. This is another topic that came up […] Read more Ā»
Artificial Intelligence Insurance Intelligent Process Automation Use Case How Intelligent Automation Helps Insurers Streamline Enrollment Processes November 19, 2020 by adamdev Getting new clients is a good thing, but for insurance companies it also creates a challenge: processing all the required documents. To date, itās been a largely manual process that for large insurers can easily involve 15 million documents per year, making it a ripe target for intelligent document processing technology. Think about a large […] Read more Ā»
Artificial Intelligence Intelligent Process Automation Machine Learning Robotic Process Automation 3 Essential Factors in the Intelligent Automation Build vs. Buy Decision November 13, 2020 by adamdev Like most any company in the artificial intelligence space, a question we often deal with from potential customers looking at process automation tools is, āCanāt I just build this myself?āĀ The answer is, sure, of course you can, if youāve got enough data science expertise in-house. But the sticking point is whether it makes sense […] Read more Ā»
Artificial Intelligence Intelligent Process Automation Machine Learning Not All Intelligent Process Automation Requires Million-dollar Hardware June 29, 2020 by adamdev While the artificial intelligence market is unquestionably enjoying rapid growth, cost is a gating factor that gives some companies pause. Itās understandable given the price tag for software and hardware required to run some complex AI applications, notably those involving deep learning. But when it comes to intelligent process automation (IPA), it doesnāt have to […] Read more Ā»
