While Artificial Intelligence (AI) has gained traction with enterprises in other industries, insurance providers have been slower to adopt. In 2016, research by Deloitte noted that less than 2 percent of insurance companies were currently investing in artificial intelligence technologies. This same research noted that overall funding in AI development was projected to reach $47 billion by 2020. Today, as AI has become prevalent, more and more insurance companies are looking for advanced solutions that will help them effectively process their repositories of day-to-day paperwork and the unstructured data they contain. Intelligent Document Processing (IDP) platform solutions that leverage AI…
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