“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI Jul 6th

Insurance policy getting you down? There are always sound insurance alternatives.

Latest News

Better Coverage, Lower Cost: Find the Right Health and Dental Plan Oct 19th

When Was the Last Time You Reviewed Your Plan? If it’s been a while, you could be missing out on new discounts, waived waiting periods, and enhanced coverage options. Whether you’re self-employed, between jobs, transitioning to retirement, or simply looking for better value, now’s the perfect.... More »

Consumer-first finance: How USDC Rewards are changing the game Nov 20th

While traditional savings accounts offer minimal returns, cryptocurrency platforms are presenting Canadians with new options for their cash. Coinbase’s latest offering—3.85% rewards* on USDC balances—highlights a growing shift in how people think about storing and growing their money. T.... More »

Understanding Health Care Spending Accounts (HCSAs) Mar 25th

In Canada, Health Care Spending Accounts (HCSAs) have become a popular benefit offered by many employers. These accounts offer employees a flexible, tax-efficient way to manage health-related expenses such as dental, prescription drug and paramedical costs. Let’s discuss what HCSAs are, how t.... More »

The best credit cards in Canada for 2024 Aug 8th

Spend The best credit cards in Canada for 2024 Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help. Compare now By Keph Sen.... More »

Making sense of the markets this week: November 3, 2024 Nov 4th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Apple, Nvidia growth—no cap Depending on the day you ask, it’s either Apple or Nvidia as the answer to the classic q.... More »

“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI

– moneysense.ca

As a wave of companies rush to embed artificial intelligence into their operations, Matt Wood has noticed the technology’s fastest adopters are businesses more typically described as slow to change.

Matt Wood, Amazon Web Services global VP of AI products (The Canadian Press / HO-Amazon Web Services)

The speedy adopters span regulated industries like health care, life sciences, financial services, insurance and manufacturing—a shock even for someone as plugged into the world of AI as Wood, Amazon Web Services’ global vice-president of AI products.

“If you’d have told me a year and a half ago that 160-year-old life insurance companies were going to be in the vanguard of artificial intelligence usage, I probably would have been a bit surprised, but that’s turning out to be the case,” Wood said, referencing Sun Life Financial Inc. in an interview, fresh off a visit to Toronto for the Collision tech conference.

His observation turns age-old assumptions about innovation and who is open to embracing technology upside down…

Continue Reading On moneysense.ca »

Stay tuned for more Insurance wisdom brought to you by banks.ca!

Share