Accelerates the adoption of AI across the Insurance market
NEW YORK, May 15, 2023 /PRNewswire/ -- Roots Automation, creator of AI-powered Digital Coworkers, today announced the release of InsurGPT - the world's most advanced fine-tuned Generative AI model, designed specifically for the Insurance market.
InsurGPTfurther expands the natural language capabilities of Digital Coworkersby utilizing proprietary, fine-tuned Large Language Models(LLMs) to read and accurately extract data across:
InsurGPTutilizes a deep corpus of insurance specific data and documents alongside systems and process knowledge to significantly improve the accuracy, speed, and validity of data extraction and inferencing, while reducing false-positives, 'hallucinations,' that non-industry specific Generative AImodels produce.
InsurGPT is designed by Insurance operators for Insurance operators and is natively embedded in all of Roots Automation Digital Coworkers. Critically, each interaction between a human and Digital Coworker improves the InsurGPT model, benefiting all customers.
"We have fundamentally imbued our Digital Coworkers with deep insurance experience and knowledge through InsurGPT" comments Chaz Perera, Co-founder and CEO of Roots Automation. "InsurGPT removes the need for templates or heavy OCR configuration to analyze and process business documents, it simply reads insurance documents like a human would and produces accurate results, fast and at scale."
Importantly, Roots Automation Digital Coworkers utilizing InsurGPT are already delivering real results for Insurance operators.
For example, a national Third-Party Claims Administrator (TPA) is using InsurGPT to scale its First Notice of Loss (FNOL) process.
This TPA was challenged with standardizing claim setup and document handling processes while servicing the varying needs of carrier partners and customers.
Traditional hard-coded rules, decision logic, and templates failed to effectively factor for document complexity and the idiosyncrasies of carrier partner/customer special account instructions.
Leveraging InsurGPT allowed the TPA to work with non-standard instructions and documents within the FNOL process, resulting in greater accuracy without requiring a change to the underlying process.
"Critical to the development of InsurGPT was the fundamental belief that while companies like OpenAI and Google - and the entire open-source community - have created something great, they are not interested in going deep into the Insurance sector - nor have they considered the security, data privacy or heavily regulated nature of the insurance space. We have!", comments John Cottongim, Co-founder and CTO of Roots Automation. "Importantly InsurGPT is constantly improving through the real-time interactions between our Digital Coworkers and our Customers' teams".
InsurGPT is the most advanced insurance-specific Generative AI model which enables organizations to remove routine tasks, increase digitization and accelerate the adoption of AI.
About Roots AutomationRoots Automation combines machine intelligence and human ingenuity to create intelligent Digital Coworkers, providing organizations with AI-powered, digitized employees that can think, read and intuit like people.
Digital Coworkers are pre-trained to understand and interact with documents, systems and processes commonly found in insurance.
Digital Coworkers are always on, ultra-secure and deliver ROI from day one - freeing a human workforce of inefficient, soul-destroying work, increasing their productivity and job satisfaction. Roots Automation is based in New York and was founded in 2018. For more information, visit https://www.rootsautomation.com/.
SOURCE Roots Automation Inc
Original post:
Roots Automation Introduces InsurGPT - the World's Most Advanced ... - PR Newswire
- Yellow.ai unveils Email Automation feature for streamlined support - IT Brief New Zealand - March 4th, 2024 [March 4th, 2024]
- Automation in Biopharma Industry Propels Market Growth with Emerging Trends - Global Forecast to 2028 - Yahoo Finance - March 4th, 2024 [March 4th, 2024]
- Ginkgo Bioworks: Pioneering Healthcare's Future with Drug Development Automation - BNN Breaking - March 4th, 2024 [March 4th, 2024]
- Inspiring cloud automation - The Register - March 4th, 2024 [March 4th, 2024]
- Clinical Lab Automation Market to Reach $3.72 Billion by 2030 Amid Technological Advancements - PR Newswire - March 4th, 2024 [March 4th, 2024]
- #ETFutureForwardME: Hiring and onboarding right with AI and automation, ETHRWorldME - ETHRWorld Middle East - March 4th, 2024 [March 4th, 2024]
- How Document Digitization, Process Automation Can Help Rebuild Trust - GovCIO Media & Research - March 4th, 2024 [March 4th, 2024]
- Iraq's Customs starts using ASYCUDA automation system in Umm Qasr - Iraqi News - March 4th, 2024 [March 4th, 2024]
- Robot Software Market: Powering the Future of Automation ,Analysis and Forecast 2023-2029 - WhaTech - March 4th, 2024 [March 4th, 2024]
- ImageSource Unveils ILINX AI for Intelligent Process Automation - PR Newswire - March 4th, 2024 [March 4th, 2024]
- The Evolving Landscape of APIs: Integration, Automation, and AI - EnterpriseTalk - March 4th, 2024 [March 4th, 2024]
- Gen AI isn't the only tech driving automation in banking - Finextra - March 4th, 2024 [March 4th, 2024]
- Navigating the Future: The Shift Towards Level 3 Automation in the Automotive Industry - Medriva - March 4th, 2024 [March 4th, 2024]
- Automation and Controls Market is Rapidly Growing with Huge Application Scope and Opportunities by 2030 - EIN News - March 4th, 2024 [March 4th, 2024]
- Winning the Game: Essentials skills to survive AI, LLMs and Automation - DataDrivenInvestor - March 4th, 2024 [March 4th, 2024]
- Industrial Metrology Market Set to Hit $17.96 Billion by 2030, Driven by Automation and Quality Demand - BNN Breaking - March 4th, 2024 [March 4th, 2024]
- Automation tools Archives - Milwaukee Community Journal - The Milwaukee Community Journal - March 4th, 2024 [March 4th, 2024]
- Industrial Automation Market to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth - EIN News - March 4th, 2024 [March 4th, 2024]
- Lutra AI launches to make building automated AI workflows easy - SiliconANGLE News - December 9th, 2023 [December 9th, 2023]
- AI meets materials science: the promise and pitfalls of automated discovery - VentureBeat - December 9th, 2023 [December 9th, 2023]
- SPS Fair 2023 - The Latest Industrial Automation Trends - IoT Analytics - December 9th, 2023 [December 9th, 2023]
- Top WorkTech News From the Week of December 8th: Updates from Infor, Automation Anywhere, IFS, and More - Solutions Review - December 9th, 2023 [December 9th, 2023]
- Nividous and RCG Global Services Focus on Empowering Healthcare and Life Sciences Organizations with Intelligent ... - PR Newswire - December 9th, 2023 [December 9th, 2023]
- Automation and Communication to Streamline Deliveries - Supply and Demand Chain Executive - October 27th, 2023 [October 27th, 2023]
- Future of Employment in an Era of Automation - Drishti IAS - October 27th, 2023 [October 27th, 2023]
- From legacy to automation: Spirent's impact on network validation - ETCIO - October 27th, 2023 [October 27th, 2023]
- Genghis Grill Partners with Flybuy on Off-Premises Automation - FSR magazine - October 27th, 2023 [October 27th, 2023]
- Q&A: Workday exec talks hospitality and automated, scalable finance - Smartbrief - October 27th, 2023 [October 27th, 2023]
- Home Automation Market Size to Worth Around USD 788.33 BN by ... - InvestorsObserver - May 15th, 2023 [May 15th, 2023]
- Network automation market set to surge over the next decade - ChannelLife Australia - May 15th, 2023 [May 15th, 2023]
- Mitsubishi Electric agrees strategic investment in Otto Motors to ... - Robotics and Automation News - May 15th, 2023 [May 15th, 2023]
- Research Shows Ways Digital Print and Automation Power Profitability - Printing Impressions - May 15th, 2023 [May 15th, 2023]
- Rockwell Automation Inc. stock outperforms market on strong trading day - MarketWatch - May 15th, 2023 [May 15th, 2023]
- Is It Too Late To Consider Buying Presto Automation Inc. (NASDAQ:PRST)? - Yahoo Finance - May 15th, 2023 [May 15th, 2023]
- U.S. Companies Embrace Automation and Digitization - CPAPracticeAdvisor.com - May 15th, 2023 [May 15th, 2023]
- Byron Centers SpartanNash Ups Customer Service with Robotic ... - DBusiness - May 15th, 2023 [May 15th, 2023]
- Why KYC automation is key to business growth strategies - FinTech Magazine - May 15th, 2023 [May 15th, 2023]
- Leading Ireland & UK Industrial Automation company NeoDyne ... - Process & Control Today - May 15th, 2023 [May 15th, 2023]
- Automation Testing Market: Industry Overview, Size, Share and ... - Digital Journal - May 15th, 2023 [May 15th, 2023]
- Accelerate your speed of business with IBM Event Automation - IBM Newsroom - May 15th, 2023 [May 15th, 2023]
- 3M Brings Innovation to the Manufacturing Supply Chain Environment - MarketScale - May 15th, 2023 [May 15th, 2023]
- Jitterbit Survey Reveals Low-Code Application Platforms Play an ... - GlobeNewswire - May 15th, 2023 [May 15th, 2023]
- Turning value into actions: How leaders can use automation and AI ... - Elite Business Magazine - May 15th, 2023 [May 15th, 2023]
- Automation will combat stagnation | theHRD - The HR Director Magazine - May 15th, 2023 [May 15th, 2023]
- MG Tech Unveils New Palletizer with Yaskawa Cobot and Rockwell ... - Packaging Strategies - May 15th, 2023 [May 15th, 2023]
- How automation technology helped Cainiao deliver more than 200 ... - Parcel and Postal Technology International - May 15th, 2023 [May 15th, 2023]
- IT Priorities 2023: Business automation intensifies as data ... - ComputerWeekly.com - May 15th, 2023 [May 15th, 2023]
- Milking Automation Market Size, Share And Growth Analysis For 2023-2032 - EIN News - May 15th, 2023 [May 15th, 2023]
- Digitise your SMEs for Success: How can HR Automation empower you to Stay Ahead of the Game? - People Matters - May 15th, 2023 [May 15th, 2023]
- Verified acquires Pliance to compliment digital signatures with AML ... - Biometric Update - May 15th, 2023 [May 15th, 2023]
- HireVue acquires Modern Hire to bolster hiring automation capabilities - HR Dive - May 15th, 2023 [May 15th, 2023]
- Advanced thermal imager for industrial automation, inspection ... - AZoM - May 15th, 2023 [May 15th, 2023]
- Warehouse Automation Survey 2023: More robots are coming to a ... - Modern Materials Handling - May 15th, 2023 [May 15th, 2023]
- Agriculture Automation and Control Systems Market Untapped ... - Digital Journal - May 15th, 2023 [May 15th, 2023]
- Himachal Pradesh Government Prioritizes Digitization and ... - TheNewsHimachal - May 15th, 2023 [May 15th, 2023]
- An IT Executive's Guide to Automation - free eGuide - Neowin - May 15th, 2023 [May 15th, 2023]
- Are You Looking for a Top Momentum Pick? Why Rockwell Automation (ROK) is a Great Choice - Zacks Investment Research - February 20th, 2023 [February 20th, 2023]
- Industrial Automation Sensors Market is Predicted to Hit a Revenue of USD 37.76 Billion by Growing with a CAGR of 9.12% During 2022-2028; Growing... - February 20th, 2023 [February 20th, 2023]
- Declining Stock and Decent Financials: Is The Market Wrong About Honeywell Automation India Limited (NSE:HONAUT)? - Simply Wall St - February 20th, 2023 [February 20th, 2023]
- What is Automation? - ISA - International Society of Automation - February 5th, 2023 [February 5th, 2023]
- Free Online PLC Training from AutomationDirect - February 5th, 2023 [February 5th, 2023]
- Investing in Rockwell Automation (NYSE:ROK) five years ago would have delivered you a 65% gain - Simply Wall St - February 5th, 2023 [February 5th, 2023]
- The Robotic Process Automation (RPA) Market size was valued at USD 2.27 billion in 2021 and is predicted to reach USD 18.69 billion by 2030, with a... - January 10th, 2023 [January 10th, 2023]
- Bill would give North Dakota manufacturers a tax break on automation - The Center Square - January 10th, 2023 [January 10th, 2023]
- I just watched McDonald's next step into automation and why are you so mad about it? - ZDNet - January 10th, 2023 [January 10th, 2023]
- What if your colleague is a bot? Harnessing the benefits of workplace automation without alienating staff - The Conversation - January 10th, 2023 [January 10th, 2023]
- Will Hollysys Automation Technologies Ltd (HOLI) Stay at the Top of the Industrials Sector? - InvestorsObserver - January 10th, 2023 [January 10th, 2023]
- Valmet Oyj : to supply automation to three waste-to-energy plants in Sungnam City, Korea - Marketscreener.com - January 10th, 2023 [January 10th, 2023]
- How Automation Can Bridge The Gap Between Internal Operations And Customer Service Excellence - Forbes - December 26th, 2022 [December 26th, 2022]
- The Global Industrial Automation And Control Systems Market size is expected to reach $301.8 billion by 2028, rising at a market growth of 10.0% CAGR... - December 26th, 2022 [December 26th, 2022]
- Introducing the Automation Kit for Power Platform - December 16th, 2022 [December 16th, 2022]
- Salesforce com : Launches Automation Everywhere Bundle to Help Companies Lower Costs, Boost Productivity, and Deliver Success Now - Marketscreener.com - December 2nd, 2022 [December 2nd, 2022]
- ACE Convergence Acquisition Corp. and Tempo Automation, Inc. Announce Closing of Business Combination; Tempo Automation Holdings, Inc. to Trade on... - November 27th, 2022 [November 27th, 2022]
- Global automation major Diebold Nixdorf expands presence in India with Bengaluru facility - The Economic Times - November 27th, 2022 [November 27th, 2022]
- Structural Health Monitoring Market Report 2022: Increasing Requirement for Standardization and Automation for the Repair and Maintenance of Civil and... - November 19th, 2022 [November 19th, 2022]
- The mining automation market size is expected to grow from USD 3.1 billion in 2022 to USD 4.2 billion by 2027; it is expected to grow at a CAGR of... - November 19th, 2022 [November 19th, 2022]
- Cisco study: Network teams look to SDN, automation to manage multicloud operations - Network World - November 16th, 2022 [November 16th, 2022]
- Inductive Automation Forum - October 28th, 2022 [October 28th, 2022]
- Reveal Group Announces New Office Opening in Toronto, Canada to Amplify Growth and Continue to Support Intelligent Automation Program Customers Across... - October 25th, 2022 [October 25th, 2022]
- Salesforce Contact Center: Automation, Intelligence and New Real-Time Data Drive Cost Savings and Proactive Service Experiences - Marketscreener.com - October 25th, 2022 [October 25th, 2022]