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The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

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Examples of IBM assisting insurance companies in implementing generative AI-based solutions  

IBM Big Data Hub

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

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The risks and limitations of AI in insurance

IBM Big Data Hub

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

As hybrid cloud and generative AI adoption increases, data and applications are everywhere—across multiple clouds and vendors (SaaS/Fintech), on premises and even at the edge. Similarly, in the U.S.

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Business leaders highlight the need for a hybrid cloud approach to unlock the power of generative AI

IBM Big Data Hub

The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ For many organizations, the answer is a hybrid cloud approach.

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5 misconceptions about cloud data warehouses

IBM Big Data Hub

The rise of cloud has allowed data warehouses to provide new capabilities such as cost-effective data storage at petabyte scale, highly scalable compute and storage, pay-as-you-go pricing and fully managed service delivery. In 2021, cloud databases accounted for 85% 1 of the market growth in databases.

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The future of application delivery starts with modernization

IBM Big Data Hub

IDC estimates that 750 million cloud native will be built by 2025. The reality is that application landscapes are complex, and they challenge enterprises to maintain and modernize existing infrastructure, while delivering new cloud-native features. CIOs can enable application modernization through several factors 1.

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