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245			_aEnsuring Data Driven Hyper-personalization in the Insurance Industry with AI
260			_aNew Delhi _bBusiness worold Media Pvt ltd _c2024
300			_aVol 43 Issue 09 Pg 92-95
520			_aThe insurance industry is transforming, blending data with AI for better customer experiences. In 2023, policy reforms and technology adoption led to a more mature industry. The industry is now focusing on personalized insurance solutions, enhancing customer experience. The integration of technology, AI, and data is pivotal in driving a customer-centric paradigm.AI is transforming businesses and lives, with the adoption rate nearly doubling since 2017. IBM is poised to script the next chapter in AI evolution with Watsonx. The impact of AI on the industry is profound, with a forecast of approximately USD 16 trillion to the global economy by 2030. To succeed, organizations need a complete technology stack to build, tune, and run models on trusted data. Watsonx.ai is a comprehensive toolset for organizations to deploy and operate AI models effectively, while watsonx.data is a centralized data store for AI models.AI is revolutionizing business outcomes and productivity, requiring organizations to invest in skilled professionals for exceptional customer experience. The insurance industry is well-positioned to leverage AI for reimaging and enhancing productivity. By adopting automation and digitizing operations, the industry can meet current demands and anticipate future challenges in a rapidly evolving market.he shift from a product-centric to a customer-centric approach is driven by the need for tailored services and offerings that are not only personalised but also unbundled, requiring insurers to articulate the value proposition explicitly for each customer.Ensuring the safety and security of customer data a crucial obligation for the organization
650			_aInsurance _93476
650			_aArtificial Intelligence _93477
650			_aPersonalized Services _93478
650			_aCustomer Expectations _93479
773			_tBusiness world
942			_cAR
999			_c39443 _d39443