ai sector overviews Articles and Reports
Artificial intelligence “sector overview” reports are designed to help business leaders explore the possibilities and important AI trends across industries. Search our sector overview reports below:
AI applications for the insurance industry have certainly garnered a lot of press lately. We’ve previously covered such applications in the American and European insurance spaces. Countries in Asia such as China and Japan have large insurance industries and seem to have established national AI strategies.
We researched the military and defense space to discover how and where AI is utilized today by the world’s militaries and intelligence organizations as well as the capabilities artificial intelligence could bring to the sector shortly.
It may feel as though AI applications like machine vision and natural language processing hold the most potential value to pharmaceutical companies because of their capabilities to intake and transform unstructured medical data. This is especially true with machine vision, as medical imaging data can be used across multiple departments when analyzed by AI software.
Even during a time when the buzz around AI and digital data storage is prominent, there are still some companies with large amounts of backlogged data that are taking up space in their databases, but not providing enough value. Large stores of enterprise and customer data can be valuable to insurance companies for optimizing their business operations and gaining analytical insights on how their business decisions affect company growth.
It is clear the United States government has recently taken a strong stance in attempts to proliferate artificial intelligence technology innovations for the United States Department of Defense. There are those who believe that the US, Russia, and China have entered into a modern day Space Race-style competition to develop and harness artificial intelligence technologies.
In this article, we explore the applications of AI software within the automotive industry from production and manufacturing to insurance and transportation. We will discuss the equipment involved in collecting and analyzing data along with the potential value they offer to manufacturers, shared mobility companies, insurers, and drivers.
When it comes to the possibilities for AI in the insurance space, it may seem like machine vision is an inevitable choice for any insurer looking to have as much information on the insured property, car, or people as possible. However, this may still yet to be the case for many insurers. The insurance space has a relative lack of case studies for this type of AI software. This may indicate a lack of demand from the insurance industry or a lack of traction on the part of the technology's use in insurance.
It is clear the US military has taken an interest in exploring the capabilities of autonomous vehicles for the battlefield. Michael Griffin, Under Secretary of Defense for Research and Engineering for the US Department of Defense, reported to lawmakers in the United States Congress that 52% of casualties in combat zones have been attributed to military personnel delivering food, fuel, and other logistics.