Digital transformation is more than a buzzword
Digital transformation is no longer optional for businesses.
Insurance is an industry particularly vulnerable to global shake-ups. It’s also a unique vertical because people turn to insurance companies during times of economic stress (such as when companies file business interruption claims).
Within the insurance industry, the main response to COVID-19 has been through hyperautomation. As a strategic technology implementation, hyperautomation includes a combination of tools such as automation capabilities, robotic process automation (RPA), artificial intelligence, process mining, and machine learning.
Let’s take a look at what this might mean for daily operations that harness AI, affective computing, and deep learning to boost the customer experience.