Financial services and insurance leaders confront AI growing pains as focus shifts to large-scale integration

January 25, 2024

https://www.globenewswire.com/news-release/2024/01/25/2816788/9060/en/Financial-services-and-insurance-leaders-confront-AI-growing-pains-as-focus-shifts-to-large-scale-integration.html

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) — The largest financial services firms and insurance carriers are all-in on artificial intelligence (AI), with the vast majority (91%) launching point solutions and proofs of concept over the last year. However, according to new research conducted by EXL [NASDAQ:EXLS], a leading data analytics and digital operations and solutions company, challenges with accessing siloed data and concerns about risks associated with the technology are preventing large-scale, enterprise-wide integration.

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