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There is a growing recognition that insurers can introduce data, analytics and AI into virtually all of the important insurance functions and workflows, including product development, pricing and risk selection, underwriting, claims management, contact center optimization, distribution management, reinsurance, and understanding and shaping customer journeys. Here are some of the exciting ways insurance companies can put data to work.

Despite the seemingly nonstop conversation surrounding AI, the data suggests that bringing AI into enterprises is still easier said than done. There’s so much potential and plenty of value to be captured — if you have the right models and tools. Implementing advanced AI today requires a solid data foundation as well as a set of solutions, each demanding its own tools and complex infrastructure.

Much has been said about how generative AI will impact the healthcare and life sciences industries. While generative AI will never replace a human healthcare provider, it is going a long way toward addressing key challenges and bottlenecks in the industry. And the effects are expected to be far-reaching across the sector.

When Snowflake acquired the TruEra AI Observability platform, we committed to keeping TruLens open source. We’re not only keeping that promise; we’re emphasizing it. Our goal remains to support LLM app developers in creating trustworthy generative AI applications. In the weeks since the acquisition, we have already added ecosystem-friendly enhancements including: We plan to continue making enhancements and improvements that benefit the community at large, whether on Snowflake or not.

Thousands of customers have worked with Snowflake to cost-effectively build a secure data foundation as they look to solve a growing variety of business problems with more data. Increasingly customers are looking to expand that powerful foundation to a broader set of data across their enterprise.