Machine Learning and AI in Insurance

AI 20190915

 

 

 

 

About $1.1 billion was spent on private health insurance expenditures in 2016, which amounts for about 34% 2016 National Health Expenditure at $3.3 trillion. Artificial intelligence provides a very potent tool to help cost efficiency, and reducing waste of money on underutilized or preventable care.  Mr. Michael Xiao, Vice President, Enterprise Systems, Blue Cross Blue Shield has launched a new initiative to rein the rising costs in healthcare through judicious applications using state of the art machine learning technology like Google Tensorflow supplemented by Auto ML and other supporting tools all augmented by healthcare experts to facilitate the best in class outcomes for the industry.  The Data Science and Statistics group hosts these events bi weekly a the Best Brain facility located in Batavia, IL.  Look for the latest coming event on MeetUP hosted by Niel Singh.

 

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