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ARTICLE · 05 OCTOBER 2022

RPA: A Gateway To Cutting-edge Technology For The AI-wary Risk Manager?

Wilson Elser Moskowitz Edelman & Dicker LLP
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As with many emerging technologies, Artificial Intelligence (AI)driven tools are sometimes seen by small and medium-sized enterprises as either too expensive or uncertain on a risk/benefit analysis...

United StatesTechnology
E. Stratton Horres Jr.
E. Stratton Horres Jr.
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By David A. Steiger, Esq., and Stratton Horres, Esq., Wilson Elser Moskowitz Edelman & Dicker LLP

As with many emerging technologies, Artificial Intelligence (AI)driven tools are sometimes seen by small and medium-sized enterprises as either too expensive or uncertain on a risk/benefit analysis basis to seriously entertain early adaptation. Of course, business history is littered with the corpses of the overly risk averse. Still, smaller enterprises often are saddled with limited budgets to invest in cutting-edge technology.

Is there a cost-efficient way to demonstrate the tremendous value of such technology in a claims or risk management organization that will allow for building management consensus to make appropriate investments in the near term? For many enterprises, the answer to that question is yes, and it is known as robot process automation (RPA).

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