in order to connect with their clients over Apple Business Chat, Whatsapp, and SMS in addition to providing call centre-based services.The above real-world stats of the finance industry clearly depict that making investments in AI and the related technologies such as machine learning, deep learning, and predictive analytics is now one of the significant talk points in decision-making meetings of finance companies.
Cost efficiency evolution per industry, percentage is normalised to 100% in 2009 to take it as a reference point.in the above graph, we can see that over the years, the insurance industry is the one which is falling behind when it comes to addressing the issues and the costing of its operations.) There are so many telematics and onboard sensors in cars, home assistant devices, and fitness trackers in watches, along with various types of IoT devices that allow insurance companies to constantly collect the needful data from customers to provide them with better services.Well, with enough data provided by the insurance company. AI, with the help of Machine Learning and Deep Learning algorithms, can improve itself on its own.