The insurance industry is outpacing at least a dozen other business sectors when it comes to artificial intelligence investment, according to new research from Tata Consultancy Services (TCS), a global IT, consulting and business solutions organization.

The TCS Global Trend Study on Artificial Intelligence compiled survey responses from 835 executives across 13 industries worldwide. Researchers behind "Getting Smarter by the Sector: How 13 Industries Use Artificial Intelligence" found that AI is becoming essential to remain competitive, with all of the industries polled revealing plans to advance AI initiatives within the next three years.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].