In the formula 1 instant decision making is crucial. Real time insights determine who will win or lose. During a race, data scientists analyze the data which is processed by ai-powered software. Data is everywhere and that data needs to be processed fast.
Insurers also have tons of data. And all that data needs also to be processed. Real time insights, Straight-through processing and instant decision making are also key. Speed and accuracy backed by Artificial Intelligence are important competitive weapons for insurers. For instance, at underwriting, analytics or by analyzing claims. So, learn from the formula 1 and embed a data winning strategy in your company.
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