Rise of ‘Product-ism,’ Fall of ‘Project-ism’
By Marty Ellingsworth. When it comes to AI, machine learning and advanced analytics, there is one undeniable conclusion: You need to get there now. The biggest risk in AI today is not implementing AI.
Data can stream from devices, channels, exchanges and other points of origin (e.g., phones, drones, homes, vehicles, inspectors, adjusters, etc.) both continuously and on demand.
This makes AI more of a pipeline than a product. Data pours into the pipes and forms streams of information via data identification, transformation, verification and authentication and is combined with additional data to permit decisions across the insurance value chain.