Information Analytics

TCG Process, a developer of intelligent document processing and process automation software, has announced a new integration to its input management and automation product DocProStar.

In the coming year, artificial intelligence (AI) is poised to shift from a conceptual discourse to a practical reality, transforming organizational processes across various industries, including government entities. Assessing how technology will impact on the modern workplace in the year ahead, Alyssa Blackburn, predicts three areas where AI will have an impact.

In 2023, artificial intelligence (AI) truly entered our daily lives. The latest data shows four in five teenagers in the United Kingdom are using generative AI tools. About two-thirds of Australian employees report using generative AI for work.

ChatGPT was launched on Nov. 30, 2022, ushering in what many have called artificial intelligence’s breakout year. Within days of its release, ChatGPT went viral. Screenshots of conversations snowballed across social media, and the use of ChatGPT skyrocketed to an extent that seems to have surprised even its maker, OpenAI. By January, ChatGPT was seeing 13 million unique visitors each day, setting a record for the fastest-growing user base of a consumer application.

Duck Creek Technologies has announced the release of Clarity, a, cloud-native technology solution designed to empower insurers with advanced data management, reporting, and analytics capabilities.

Intelligent Document Processing (IDP) vendor AntWorks is promising to transform the way commercial insurance companies manage and process their documents with the launch of Insurants.

For asset owners and asset managers alike, data silos are a silent productivity killer.  The antidote is democratising data. By democratising access to data, institutional investors empower their employees and stakeholders to make timelier and more confident investment decisions, transform their operating models and deliver a superior client experience.

Immuta has announced the release of Immuta Discover, a new product for automated tagging and classification on cloud data platforms. Immuta Discover enables data teams to establish and maintain highly accurate metadata for the primary purpose of data access control, monitoring and regulatory compliance. 

Shift Technology, a provider of AI-powered decision optimization solutions for the global insurance industry, has announced the integration of generative artificial intelligence (AI) functionality across its suite of products.

AI has garnered a lot of attention in Australia and globally over the last years as businesses increasingly explore the potential to anchor their operational strategies in artificial intelligence. While big tech companies including Microsoft has stated that generative AI could add $40 billion to their top line and the generative AI market could drive an almost $7 trillion increase in global GDP, the big news is that  75% of companies expect to adopt AI technologies over the next five years and according to Deloitte, there will be seven times as much invested annually in AI by Australian businesses in 2020 compared to today.

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