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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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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. AWS’s scalable infrastructure allows for rapid, large-scale implementation, ensuring agility and data security.

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5 misconceptions about cloud data warehouses

IBM Big Data Hub

In addition, companies have complex data security requirements. However, over the past decade, a vast array of compliance and security standards, such as SOC2, PCI, HIPAA, and GDPR, have been introduced, and met by cloud providers.

Cloud 57
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The most valuable AI use cases for business

IBM Big Data Hub

Smart home devices such as the iRobot Roomba can navigate a home’s interior using computer vision and use data stored in memory to understand its progress. Clean up with predictive maintenance AI can be used for predictive maintenance by analyzing data directly from machinery to identify problems and flag required maintenance.

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How generative AI delivers value to insurance companies and their customers

IBM Big Data Hub

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 107
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New CNIL €400,000 fine for data security breaches and non-compliance with data retention period under the GDPR

Data Protection Report

Following the now famous €50m fine imposed on Google LLC in January 2019, [1] the French Data Protection Authority (the CNIL ) published a decision taken on 28 May 2019 [2] imposing a fine of €400,000 on SERGIC, a company specialised in real estate development, purchase, sale, rental and property management.

GDPR 40
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Data governance use cases – 3 ways to implement

Collibra

Data lake management: Prevent a data swamp. A data lake is a storage repository that holds a vast amount of raw data in its native format, including structured, semi-structured and unstructured data. The data structure and requirements are not defined until the data is needed.