AI Won’t Save You From Your COI Tracking Problems
COI tracking software is an essential tool for businesses to manage and track certificates of insurance which are crucial documents that provide evidence of insurance coverage for a particular individual, entity, or property. These pieces of software make businesses more efficient all while keeping risk transferred off their plates. Some utilize AI and machine learning algorithms to analyze and categorize data, extract relevant information from certificates, and automatically update records. In those use cases, AI may be beneficial. The problem comes when AI is relied upon to make decisions.