Executive Viewpoint: How GenAI Translates Big Data Into Big Commercial Insurance Advantages

December 21, 2023 by Elad Tsur

The discovery of the Rosetta Stone had a profound and transformative effect on our understanding of ancient Egyptian history and culture. Before then, early efforts to decipher Egyptian hieroglyphics had been unsuccessful, and some scholars doubted if it was even possible to understand the language without access to a reliable primer. Initial attempts to understand hieroglyphs often led to speculative and inaccurate interpretations.

Executive Summary

Viewpoint: The latest advancements in AI are changing the way we interpret and apply large datasets because they are finally speaking our language, writes Elad Tsur, the CEO of Planck, an AI-powered data platform for commercial insurance.

Among of other benefits, Tsur suggests there is transparency in large language models owing to their unique capability to communicate conversationally, which allows them to offer coherent insights into their own logic—fostering a deeper understanding of how the models arrive at specific conclusions.

Likening generative AI to a modern-day Rosetta Stone, Tsur also describes the benefits he sees for the industry in streamlining process, identifying emerging trends and uncovering hidden risks.

Executive Summary Viewpoint: The latest advancements in AI are changing the way we interpret and apply large datasets because they are finally speaking our language, writes Elad Tsur, the CEO of Planck, an AI-powered data platform for commercial insurance.

Among of other benefits, Tsur suggests there is transparency in large language models owing to their unique capability to communicate conversationally, which allows them to offer coherent insights into their own logic—fostering a deeper understanding of how the models arrive at specific conclusions.

Likening generative AI to a modern-day Rosetta Stone, Tsur also describes the benefits he sees for the industry in streamlining process, identifying emerging trends and uncovering hidden risks.

In 1799, a large slab of black basalt inscribed with a decree from King Ptolemy V was discovered by a French soldier in the town of Rosetta. The decree was written in three languages: Greek, a common Egyptian script and hieroglyphic. This trilingual inscription was originally included to ensure a wide audience for the king’s announcement—a measure that provided scholars with the key to understanding ancient Egyptian hieroglyphs centuries later. Using known data points in the Greek language, a translation was made possible.