The use of AI/ML Methods for Business Solutions in Insurance Products
Faculty of Commerce and Management, SGT University, Gurugram organized an expert session on “The use of AI/ML Methods for Business Solutions in Insurance Products” on 27th April 2022 from 02:00 pm onwards.
Dr. Ralf Hoechenberger initiated the session by telling his area of interest in data science, AI practices, and financial risk management, and how competitive advantage in business is based on the fast and efficient access to the data. He also discussed how the availability of data can be used and incorporated into corporate strategy. Dr. Ralphalso applied AI/ML architecture in practice at Allianz,Germany to elaborate on the data science process and methods and techniques of AI/ML. He highlighted how the drivers of data value creation and value chain analysis help the company to make real-time decisions keeping into consideration the social and ethical risks. The session gave the students a deep understanding of how the usage of data for business applications is crucial and how the AI and ML methods help in increasing the firm’s value.
It was an interactive and informative session that provided practical knowledge to the students about AI/ML and they were also exposed to some real-time projects.
