IBM Watson Replaces 34 Workers at Fukoku Mutual Life Insurance

Fukoku Mutual Life Insurance believes the move will improve operating efficiency and increase productivity by 30%. The implementation of the AI system is expensive, costing $1.7 Million to install plus a yearly running cost of $130K. However, the company believes this will lead to savings of over 1.2 Million and it will see a return on its investment in less than 2 years. Read the full article here.