Fukoku Mutual Life Insurance (Japan) is replacing 34 employees with IBMs Watson Explorer AI
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Fukoku Mutual Life Insurance believes it will increase productivity by 30% and see a return on its investment in less than two years. The firm said it would save about 140m yen (1m) a year after the 200m yen (1.4m) AI system is installed this month. Maintaining it will cost about 15m yen (100k) a year. |
| The system is based on IBMs Watson Explorer, which, according to the tech firm, possesses cognitive technology that can think like a human, enabling it to analyse and interpret all of your data, including unstructured text, images, audio and video. |
Joe Mobley