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Showing posts from October, 2022

How AI and ML are Transforming the Insurance Industry

  To offer competitive rates, the insurance industry needs predictability. This is why insurers are increasingly turning to AI and machine learning to more easily predict the future and the risks that the future may hold for their clients. For example, AI can help insurance companies gain enough information about changing weather patterns to keep premiums low, by analyzing historical weather data and future weather predictions. Another example is the price of behavior policies. Instead of tailoring a policy based on information provided by a customer in the app, policies can be tailored using personalized data from devices like vehicles and fitness trackers. This leads to personalized pricing, meaning safer drivers and those leading healthier lifestyles will be offered reduced premiums for car insurance and health or life insurance, respectively. Essentially, AI allows insurance companies to rely on near real-time event-based predictions using large data sets, rather than a statistical

Why should organizations use AI in cybersecurity?

  Artificial intelligence acts as both a blessing and a curse for customers, businesses, and cybercriminals alike. Intelligence technology provides us with voice recognition technology like Alexa and Siri. It is also used by the Google search engine and Facebook facial recognition software. There are many credit card companies that have started using artificial intelligence technology to help financial institutions prevent billions of dollars a year from fraud. But the main question arises why we use AI and machine learning concepts in cybersecurity and what are the applications in cybersecurity.   top fintech mobile app developmet companies in texas   Is it an advantage or a threat to the digital security of any organization? Cyber ​​Security: An Overview What is Cyber ​​Security? When we protect devices that are connected to the Internet, this process is called Cybersecurity, which includes protecting hardware, software, and data from cybercriminal threats. Individuals and organizati