Articles
Ethical and Trusted AI in Financial Services: CogX 2020 Panel Recap
To kick off the panel, Saxena explains his perspective on what it means to be trusted and ethical when it comes to automated decisioning systems. “Trust,” he says, is the foundation of the digital economy. . . .
Learn more »
Underwriting Fraud in Insurance: Why Hasn't the Problem Been Solved?
Soft fraud costs the insurance industry billions of dollars annually, specifically in premium ?leakage,? a problem that results in artificially low premiums and unnecessary or over-inflated claim payouts . . .
Learn more »
Managing Premium Leakage and Underwriting Fraud In P&C Insurance
The problem of premium leakage is widespread in the P&C insurance industry. Verisk Analytics estimates that personal lines automobile insurers incur $29 billion in annual losses due to premium leakage . . .
Learn more »
Intelligent Intervention AI Use Cases for COVID-19 and Beyond
These pieces all begin to describe where AI is being leveraged to help with the current public health crisis. This post and the next couple (in short order) elaborate on what we at CognitiveScale call Intelligent Interventions . . .
Learn more »
PPP Distribution Inequities: How AI Solutions Can Eliminate Bias
No doubt, given the COVID-19 pandemic, there are tough times for everyone, both personally and professionally. Enough said. Those businesses deemed non-essential and already operating on a fiscal shoestring remain in more dire straits than ever. . . .
Learn more »
AI In Model Risk Management Insurance: AI’s Unique Characteristics and Operating Model Impacts
Banks will need to evolve and industrialize their MRM functions in the world of big data and AI since AI based models pose unique challenges in terms of business risk management. . . .
Learn more »
Insurers: Leveraging AI to Handle COVID-19 Impacts in the Short and Medium Term
There are several strategic and operational challenges insurers will face as a result of the COVID-19 pandemic. Social distancing has forced in person interactions to come to a standstill, making insurance sales, marketing and business development efforts more challenging . . .
Learn more »
COVID-19 Use Cases, Goals, Challenges, Impact
First of all, we want to take a moment to thank all of the Healthcare workers on the front line of this pandemic. You are the real heroes and we appreciate everything you are doing . . .
Learn more »
Accelerate AI/ML Workflows in Hybrid Cloud with Red Hat and CogScale
Red Hat Open Shift and CognitiveScale are inviting you to join us Wednesday, April 15th for our workshop at the virtual ODSC Conference. . . .
Learn more »
Preparing for Long Term Impacts of the COVID-19 Pandemic: How Insurers Should Leverage AI
The COVID-19 pandemic has brought the global economy to a screeching halt; wide swaths of the economy have already started feeling the pain, including airlines, commodities and even banks. Insurers are facing the double-edged sword of decreasing market demand on one hand and increased market volatility on the other . . .
Learn more »
Trusted AI in Healthcare: Avoiding the Risks of Black Box AI Solutions
Spending on Artificial Intelligence (AI) is expected to more than double from $35 billion in 2019 to $79 billion in 2022, according to IDC forecasts, reflecting the enormous potential societal benefits of AI. Yet broad adoption of AI systems will not come from the benefits alone but from the ability to trust these dynamically evolving digital systems . . .
Learn more »
Consumer Lending and Credit: Tackle Business Risks from AI
The key regulatory issues in consumer lending and credit – fair lending, consumer notification and reporting, and unfair, discriminatory or abusive acts or practices – have implications for various AI business risks. Institutions should get ahead of the issue and tackle AI business risks head-on . . .
Learn more »
Implementing AI Trust in Customer Experience
In 2019, Ovum conducted a market survey and analysis among customer experience (CX) managers and customer-facing employees regarding the current state of their company AI strategies as well as future plans and visions . . .
Learn more »
AI In Model Risk Management: AI’s Unique Characteristics and Operating Model Impacts
Banks will need to evolve and industrialize their MRM functions in the world of big data and AI since AI based models pose unique challenges in terms of business risk management . . .
Learn more »
Global AI Award for Responsible AI and Ethics
We are so excited to announce that CognitiveScale has won Global AI Awards 2019-2020 in the Award for Responsible AI and Ethics category! Certifai is the world's first AI Risk Scanner application that detects and scores vulnerabilities in any black-box AI model . . .
Learn more »
The Case for Transforming Model Risk Management: Prepare for AI Business Risks
Banks will need to evolve and industrialize their MRM functions in the world of big data and AI since AI based models pose unique challenges in terms of business risk management . . .
Learn more »
Why Bias is Interwoven with Several Other Dimensions of Trusted AI
At CognitiveScale, we have grouped the key aspects of building and deploying trustable AI solutions under 5 pillars, representing 5 major types of Risks that Businesses face if these aspects are not properly addressed while employing AI technologies . . .
Learn more »
Cognitive Process Automation: Realizing Value at the Enterprise Scale
Robotic automation is promising, but it is rapidly reaching the limits of its impact. Companies are increasingly layering in the cognitive layer onto robotic automation, dubbed cognitive process automation . . .
Learn more »
AI in Healthcare: Cognitive Payment Integrity
Payment integrity is a main focus area for a number of compelling AI use cases. From the algorithms and models that can help detect fraud, waste and abuse (FWA) to data aggregation and analytics tools, AI is positioned to improve detection, investigation and recovery processes . . .
Learn more »
Using an AI Trust Index to Unblock Stalled Machine Learning & AI Projects
Machine Learning and Artificial Intelligence are here to stay and are rapidly being adopted in virtually every domain? from healthcare to finance and public safety and entertainment, to name a few . . .
Learn more »
The Power of Positive Management: Employee Spotlight with Shea Sulkin, Creative Director
Shea Sulkin shares the journey that ultimately led her here, how it feels to watch a startup grow from the ground up, and, of course, some wonderful perspectives about life . . .
Learn more »
Investing in Humanity: Employee Spotlight With Chris Tomaselli, Client Executive
I’ve always had a penchant for history and studied that in university. In essence, history is the way we objectively look at past events and hopefully understand what was good, bad, and ugly. We then communicate that context to prevent falling into cycles of insanity . . .
Learn more »
Complying With New Data Privacy Regulations: How AI Can Help
The passage of the California Consumer Privacy Act (CCPA), following closely on the heels of GDPR, is the latest in the series of data privacy regulation related developments . . .
Learn more »
Problem Solving to Make an Impact: Employee Spotlight with Melissa Burpo, Cortex Product Owner
Melissa Burpo, CognitiveScale's Cortex Product Owner (don't worry, she explains what that means), and how she wound up in this role. Melissa is a deep thinker, a problem solver, and a passionate leader in this space . . .
Learn more »