Artificial intelligence technology is about collecting vast amounts of data from devices around the world and making sense out of it. Data is only useful, though, if you can do something with it. Artificial intelligence is how companies can analyze and learn from massive amounts of data to make their companies operate with greater efficiency and to offer their customers a better user experience.
Machine learning in insurance and artificial intelligence in manufacturing and banking is already proving its worth as financial institutions are using this technology for fraud detection. There is no industry that can’t benefit from implementing artificial intelligence; the three industries we discuss in our video, "How Can Companies Better Use AI Technology," include the financial, manufacturing and insurance sectors.
Artificial intelligence technology is a marvelous tool that companies can use to help them embrace the fourth industrial revolution.
Learn how AI and intelligent technology can help companies reduce fraud, make better decisions faster, assess risk and even reduce financial loss.
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About the author Steve Hartmanis a Thought Leadership writer for Siemens PLM Software. Steve’s experience is varied spanning the automotive, financial, real estate, travel and sporting goods industries as well as having written four published novels and cowrote a memoir. He has a wife, three kids, two dogs, a cat and a rabbit. And still, he carves out time to read, watch movies and write.