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Artificial Intelligence

Industry-Specific AI Technologies: Time and Cost Savings

Bee
4/21/2024

Industry-Specific AI Technologies have changed the way we do business. They boost efficiency and cut costs. Since the early 2010s, AI has moved from being a new tech to a key part of many industries, like with the launch of ChatGPT in 20221.



These AI technologies can make processes 40% more efficient. This cuts costs by up to 30%. This means companies can now focus on big decisions and use data for things like creating insurance policies automatically1.



When it comes to money, choosing how

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