AI risks and opportunities for businesses
Hardly any other technology has changed processes as quickly as artificial intelligence. On the one hand, AI can be used to manage huge amounts of data, recognize patterns, and speed up decision-making. On the other hand, the use of AI can lead to wrong decisions and facilitate attacks from outside. We shed light on both sides.
There is a risk in not using AI: companies need to remain future-proof, operate cost-efficiently, and compete globally. However, there is also a risk in using AI and making important decisions based on a technology that, like any other, is prone to error. This is because AI makes almost all processes faster, but not necessarily better. Responsible use is therefore the middle ground.
Funk uses AI itself, for example for internal processes, data exchange and analysis, and customer risk prevention. At the same time, we support our customers in analysing and mitigating potential risks arising from the use of AI.
AI as a challenge for insurability
Artificial intelligence (AI) increases efficiency and optimizes processes in almost all industries. However, its use also poses challenges for the insurability of companies. Learn more about AI misjudgments, deepfakes, and liability risks along the value chain.
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How AI reduces fire risk in the paper industry
The risk of fire is very high in the paper industry, as the materials used are highly flammable and come into direct contact with electrical equipment. Innovative fault and residual current monitoring enables the early identification of potential electrical ignition sources.
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