Generative AI is a powerful tool for rapidly creating and iterating on content of all kinds.
The sheer breadth of data that telecommunications providers collect day-to-day is a huge advantage for the industry. Yet, many providers have been slower to adapt to a data-driven, hyperconnected world even as their services — including streaming, mobile payments and applications such as video conferencing — have driven innovation in nearly every other industry. The speed with which generative AI will change how we work, live, communicate and entertain ourselves is nearly unfathomable.
A catastrophe hazard is a severe and widespread event that causes significant damage and financial loss. These events are frequently natural disasters or large-scale human-made incidents that affect expansive and contemporary claims. Catastrophe hazards pose substantial trouble to insurers, as they can lead to a high volume of claims within a short period, potentially impacting insurance companies’ financial stability.
If 2023 was the year we woke up to how generative AI would change our world, 2024 is the year we realize the change. The real-time AI-driven enterprise may not be pixel-perfect yet, but we’re well on the way. Gen AI has a knock-on effect on all the trends and challenges we will see in 2024. Here’s our take.
