IBM’s Watson Explorer AI (Artificial Intelligence) Replaces Office Workers At Japanese Life …

Taking into consideration that the life insurance business runs on a predetermined margin, where some of the policies might have razor thin margins, every single advantage counts. After all, life insurance companies are just like any other business — they would like to make money, and are not running a charity. The Watson Explorer AI’s task in the firm is to calculate payouts to policyholders, something that Fukoku Mutual Life Insurance’s human staff has been doing all this while. In fact, with a projected increase of 30% in its productivity, the insurance firm believes that they will obtain a return on their investment in under two years. After all, money talks: to be able to save approximately $1.23 million in taxes annually is certainly well worth the initial $1.73 million…


Link to Full Article: IBM’s Watson Explorer AI (Artificial Intelligence) Replaces Office Workers At Japanese Life …

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