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Despite advances in artificial intelligence (AI) and machine learning (ML), a shockingly high percentage of such projects fail. This background note identifies issues that occur at the ideation, planning, and evaluation stages, emphasizing the need for a balanced approach that combines technical AI/ML capabilities with rigorous decision analysis.
Reference 6860
Published 19 Dec 2023
Length 10 page(s)
Topic Operations
Despite advances in artificial intelligence (AI) and machine learning (ML), a shockingly high percentage of such projects fail. This background note identifies issues that occur at the ideation, planning, and evaluation stages, emphasizing the need for a balanced approach that combines technical AI/ML capabilities with rigorous decision analysis.
White lies (inflated claims) cost the insurance industry billions of dollars every year. After
investing heavily to automate workflows (from policy subscription to claims processing),
digitization has ironically made fraud easier to commit and harder to catch.
Reference 6752
Published 23 Jan 2023
Length 11 page(s)
Topic Operations
Region Europe
Industry Security and Investigations
White lies (inflated claims) cost the insurance industry billions of dollars every year. After
investing heavily to automate workflows (from policy subscription to claims processing),
digitization has ironically made fraud easier to commit and harder to catch.