Opinions expressed by Entrepreneur contributors are their own.
Change comes with the territory in business. Fail to adapt, and your company can quickly shutter. However, the pace of change in the digital age has become exponential and is disrupting even large, successful companies that might seem secure. In fact, more than half of Fortune 500 companies have gone bankrupt, been acquired, or shuttered due to digital disruption — and researchers predict that 75 percent of S&P companies will be replaced by 2027. COVID-19 has only accelerated shifts. Reshaping your business to accommodate the new
Life insurance is one of the oldest industries in existence, but today it is undergoing a transformation thanks to AI and data science.
The big picture: With a business model built on predicting the future of its customers, the life insurance industry seems well-positioned to take advantage of the prognosticative powers of machine learning, but it will have to overcome an ingrained conservatism — and fears of AI bias.
By the numbers: A report published this week from the analytics company GlobalData forecasts that AI platform revenues in the insurance sector will grow by 23% a year between 2019 and
Warren Buffett described how hype around “hot” stocks can evaporate, reminded stock traders that their transaction fees fill Wall Street’s coffers, and celebrated American prosperity in his annual letter on Saturday.
The famed investor and Berkshire Hathaway CEO also joked about his age, bemoaned the outlook for bond investors, and admitted to overpaying for Precision
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.