Like any implementation, document capture needs a lot of prep work to deliver the desired results. Some of the most important steps in capture happen even before the technology gets involved: it’s preparing your documents in a way that will give your cognitive capture application the best chance to succeed.
Before implementing any new technology that claims to increase efficiency, current underwriting processes need to be straightened out so that they make the most sense for the actual decision-makers—the underwriters. Let’s explore a few of the fundamentals that every insurance provider should keep in mind in order to execute a successful accelerated underwriting solution.
Content services represents a new way of thinking about how content and data should be managed in a business environment. In the past with “ECM,” the importance of managing content was mostly placed on how it would be stored and organized. Content services prioritize insights that can be extracted and analyzed from the content.
IBM’s Business Automation Workflow (BAW) is a combination of IBM Case Manager (ICM) and IBM Business Process Manager (BPM). This means that IBM has brought case management and BPM features into a single tool: BAW. Read on to see what you need to know to begin taking advantage of BAW’s new features.
Before you jump right in to an Automation Anywhere RPA solution, it’s important to understand that Automation Anywhere’s bots have very different capabilities and are not “one-size-fits-all.” It’s important to understand your business needs and current environment to find your perfect ‘bot’ match.
The demand from today’s customers for digital banking is here and is not going away anytime soon, but the reality is banks are still struggling to make the jump. The two biggest problems that banks face when considering how to streamline paperless banking lie in the infrastructure of the banks.
With the DBA platform, IBM has carefully brought together their “best in breed” functions. All the products now easily integrate to provide full automation functionality as a single unit. Read on to see how to upgrade to IBM DBA seamlessly.
Even though the concepts of ECM and content services are supposed to accomplish the same things, the change has to do with the core infrastructure of a company and how enterprise compliance and system integrations can be made easier. The meaning of ECM evolved as the need for storing content on one platform began to dwindle. How organizations manage their content based on their particular initiatives became more important than how and where the content was being stored.
Although the benefits of RPA are abounding, any major change in technology that will alter your employees’ daily activities will require efficient preparation and change management. Here are some tips to get your team geared up for the inevitable technological evolution.
Technologies like digital applications for clients and other advanced forms of product delivery dramatically changed insurance industry standards in 2018. In 2019, insurance CIOs should be paying attention to additional technologies such as machine learning and blockchain.
If enterprise content management (ECM) is your priority, let this list of ECM-focused sessions be a starting point for building your perfect IBM Think agenda!
Advancements in technology have allowed insurance CIOs to step back and look at the way the business is operating and how products are being delivered.