Roots Automation

Hot off the press, the December Roots Automation newsletter! Click to rewind through a year of success, growth and achievement – all made possible by our team, customers, investors and families... and you.

Unlocking insights from unstructured data is critical for insurance leaders in underwriting and claims.  ⌛Manual work performed by experts consumes up to 40% of the average workday, reducing efficiency and increasing costs.   ✨AI transforms how insurers handle this challenge, offering faster, more accurate decision-making.  Get facts, statistics, use cases and expert insights to speed your AI journey.  Click to download our new whitepaper, “Solving the Insurance Industry’s Unstructured Data Challenge with AI.” https://lnkd.in/ewDVqyEJ

“Don’t spend too much time trying to automate tasks that require a lot of judgment.” -- Anand Rao, PhD, MBA, Distinguished Service Professor of Applied Data Science and Artificial Intelligence, Carnegie Mellon University.   📑 In our new blog, “Automation + Augmentation = Acceleration,” AI research and business innovation experts outline proven AI adoption strategies that maximize performance improvement across critical underwriting and claims functions. 👆 Click for more insights on unlocking AI's full potential in your business:  https://lnkd.in/enymjr7b #AI #Automation #InsurTech #Innovation #AI #GenAI #Underwriting #100x #Claims  

📉 BCG says 70% of digital transformation projects will fail. McKinsey says 66% will face cost overruns.  Why be part of these statistics?  🚀 Aim higher to attain your competitive edge.   💯 100x your business today.  Want to know more? Click here:  https://lnkd.in/eUii5YSD #Insurance #AI #InsurTech #InsurGPT #GenerativeAI #DigitalTransformation 

Roots Automation Digital Coworkers work—even during the holidays!   Eastern Alliance Insurance Group, a leading US-based workers' compensation carrier, partnered with Roots to increase their claims document processing performance 100x.   Working alongside their new Digital Coworker, Phyllis, Eastern’s claims team experienced a 100x boost in efficiency in analyzing and indexing high volumes of unstructured claims documents.  Before Phyllis started on the job, the teams took up to five days to turn around claims documents. They now process 87% of this data straight through or with minimal human intervention!  “We had a turnaround time of three business days to do our claims mail… but it was tough. We started by meeting with Roots and brainstorming use cases. Today, Phyllis [our Digital Coworker] is indexing our priority five mail, which is our highest volume. Phyllis works every day, even when we're not here, even when we're closed.” - Jen Zimmerman, Manager, Business Systems, Eastern Alliance Insurance Group 📺Watch this success story below!  https://lnkd.in/e8YvRFBs #Insurance #Claims #AI #Automation #DigitalCoworkers   

Best wishes for a peaceful and happy Thanksgiving holiday from the Roots Automation team!  

Is your business equipped to compete in the age of AI-powered underwriting?  Our whitepaper, “Transforming Commercial Underwriting with AI-Powered Digital Coworkers,” delivers an expert overview of underwriting data challenges and key areas where Digital Coworkers leveraging Generative AI can drive up to 99%.  In this publication, you will learn about:  ➡️ Use cases primed to deliver quick wins with AI  ➡️ Real-world successes driving greater operational efficiency and revenue growth   ➡️ Key considerations and guidance to simplify AI adoption for your organization.  ✨Click to download your copy now: https://lnkd.in/eFsbvB72 #Insurtech #InsurGPT #DigitalCoworkers #Insurance 

✨ The Right Tool for the Job. Over 85% of US insurers are actively testing Generative AI solutions, yet less than 10% of them are running in a production environment (source: Oliver Wyman/Celent).  One of the most effective paths to AI adoption is knowing which tasks can be automated to unlock the immense value of human expertise. In our latest blog, leading AI research, business innovation and solutions engineering experts reveal the use cases and best practices that drive successful AI implementation—and some KPIs that help you stay on track to the fastest ROI. 🔗 Read “Automation + Augmentation = Acceleration” to learn more:  https://lnkd.in/enymjr7b #AI #GenAI #Underwriting #100x #Claims  

📸 “Pix or it didn’t happen!” We had an amazing time engaging with a galaxy of P&C insurance leaders and innovators as an Insurtech Vanguard sponsor at #GuidewireConnections2024 in #Music City! 🎸 Thanks to everyone who stopped by to say “howdy” and attended the Roots Sponsor Demo, hosted by our own Ratish Dalvi. Events like this are essential to improving our best-in-class solutions for solving the unique unstructured data challenges in insurance underwriting and claims. Click to learn more: https://lnkd.in/ej2TCM3z #Insurance #Insurtech #Claims #Undewriting #100x #DigitalCoworkers

If you build it, will they come? AI’s transformative power has an unintended consequence of creating high expectations.  In practice, however, only a small percentage of AI-powered solutions for insurance’s unstructured data challenges ever progress into actual production in underwriting and claims operations.  👉Why does this happen, and what can you do to avoid being a statistic?  In our latest article, “Smarter AI: Follow the Money,” AI research, Insurtech investment and machine learning engineering leaders deliver their proven guidance and insights on: 🔍Finding vertical AI tools to dovetail with your existing systems.  🖥️Why you should have solutions pre-trained on insurance data and processes at the top of your list  ⬇️ Ways to reduce friction around compliance and governance to ensure rapid AI adoption.  Click for experts’ views on the best options for maximum ROI from your AI spend. https://lnkd.in/epnG9fVw #AI #Underwriting #Claims #Insurtech #DigitalCoworkers