AI Articles and Analysis about Research and development

Bosch is a German multinational technology and engineering company headquartered in Gerlingen, Germany. Bosch manufactures products across various industries, including aerospace, automotive, energy and utilities, healthcare and others.

As nearly every American household has realized over the last year, large language models combined with generative AI abilities pose tremendous challenges and opportunities for enterprises of every shape and size. Just ask anyone who has heard of ChatGPT.

AI initiatives that cannot find ROI have no use in modern business. However, the path to ROI from enterprise-wide digital transformations is never a straight and narrow road. A pre-pandemic survey from MIT Sloan Management Review and Boston Consulting Group found that 70% of companies among those surveyed reported no value from their AI investments. 

As AI becomes increasingly interwoven in the fabric of our everyday lives, the insurance sector is finding new business challenges and opportunities in all of the ways these emerging technologies bring increased risk - and security - to our lives.

As a business practice, model development aims to create a dataset, tailored through machine learning, that can accurately predict outcomes or classify data based on input variables. By following a structured approach, developers can ensure that the model development process is efficient, effective, and reproducible.

Insurance is a growing arena for AI adoption and in many cases, automation is leading the way to streamline customer experiences and the organizational pipelines behind them along the entire customer journey.

Dow Chemical (NYSE symbol: DOW) is the largest chemical manufacturing company in the United States, the third largest in the world, and has a market cap of $38.2 billion. 

This article has been sponsored by SambaNova Systems and was written, edited, and published in alignment with Emerj’s sponsored content guidelines.