Exco | Chief Strategy Officer | Adaptability, Responsibility, Transformation, Technology, Leadership
JUST TO MAKE THIS SUPER CLEAR GenAI theoretically unlocks loads of new value for insurers, more than we can likely imagine (is there a tool for that? 🤣 ). We are already doing loads of it. The question to ask yourself is - do I have the right data foundations and capability to harness this in decisioning, customer & employee experiences and operational processes. At scale and across everything viably and feasibly? If not, then it's probably why you're once again stuck "up the PoC river without a paddle". Lets turn theory into reality by starting to address the enterprise design and technology changes needed to make this happen in an industry wonderfully complex, regulated and hugely valuable. Here's some of the Insurer AI Allies (IAIA 😇 ): Lisa Wardlaw Margeaux Giles Helen Burke Mike Daly Michael Dwyer Gary Leyden Nigel Walsh Sabine VanderLinden Paul Maker
Spot on, Rory Yates! GenAI’s potential in insurance is massive, but as you rightly pointed out, the key to turning theory into reality lies in having the right data foundations and scaling across decision-making, customer experiences, and operations. Without solid infrastructure and a strategic AI framework, companies risk getting stuck in PoC cycles. From what we’ve seen, focusing on enterprise design and aligning AI with core business objectives will unlock the real value. Looking forward to seeing how insurers embrace these changes!
Phil Middleton
1mo
Sorry, Rory Yates I can’t resist. This is exactly what we will be talking about at the Data Jam. The full agenda is here: https://www.the-insurance-network.co.uk/conferences/data-jam
Rory Yates - Kindly have a look my recent write up on #enterprisedata #AI and keen to hear anyone valuable insights (advocating the change positively) https://www.linkedin.com/posts/vnkrishnakumar_ai-datagovernance-ai-activity-7253187711157612544-pQF3?utm_source=share&utm_medium=member_desktop
Lisa Wardlaw
1mo
Address the DATA 🔥🔥🔥. Yes and always Rory Yates - organizations that win this battle in the end will come back to their sophistication and ability to deploy tooling for continual data quality and governance. Backing your data practices is the foundation for speed and deployment of #AI🎤
Matthew O'Kane
1mo
When wasn't data in vogue Rory? 😉
Mike Daly
1mo
ah Rory Yates You and I both write about data and #GenAI #LLM today https://www.insurtechworld.org/post/102jmcf/setting-outcome-goals-leveraging-genai-productivity-cost-cutting-increasing-rev
Need toolbox to Discover, Classify, and Label data to create one universal information layer to offer an entire data picture. Then the tools including prompt analysis, symantic understanding, term matching and contextual awareness to shrink that down to relevant and timely data to unleash the potential of GenAI. "Data, data everywhere ..... and (too often) nor any drop to drink. The very deep did rot. .....That ever this should be!" Save the Ancient mariner navigating oceans of rotting data from that fate. Paul Maker Lee Hewett Steve Salvin Gee Pugsley