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Episode Summary
Join John Keddy from Lazarus AI on this week's episode of Open Source CXO hosted by Robert Kehoe and Don Blackburn. Dive into the innovative world of AI technologies as John discusses Lazarus AI's role in developing foundational AI systems, including large and small language models, and their applications in heavily regulated industries like insurance.
John provides a detailed look into the everyday applications of AI at Lazarus AI, explaining how they utilize proprietary OCR products to enhance data ingestion and leverage AI for precise document handling and decision-making. He also elaborates on the company's strategic focus on business-oriented AI solutions that reduce error rates and enhance operational efficiency.
Discover Lazarus AI's journey from its inception, focusing on the insurance sector to its expansion into other domains requiring meticulous data analysis and compliance adherence. John highlights the challenges and opportunities that come with integrating AI in such regulated environments and the importance of 'human in the loop' to maintain quality control.
Tune into this insightful episode to understand how AI is transforming business practices and offering competitive advantages in complex industries.
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About Our Guest
John Keddy is an accomplished IT executive with extensive experience in leading technological innovation and transformation, particularly within heavily regulated industries like insurance. Currently, he holds the position of CIO/CTO at Lazarus AI, where he spearheads the development and application of AI solutions tailored for insurance operations. John has been instrumental in evangelizing the use of AI across the industry, helping carriers, distributors, and technology companies solve complex problems with advanced AI applications.
Before joining Lazarus AI, John served as a Senior Principal at Datos Insights, advising on cloud technology, insurtech, fintech, and cybersecurity. His career also includes significant roles at Security Benefit and InsPro Technologies, where he led large-scale global development centers and was responsible for driving cloud-centric infrastructure initiatives and contemporary security strategies.
Episode Chapters
00:00 - Introduction to John & Lazarus AI
Introduction of John Keddy and Lazarus, his background, and the episode focus.
03:55 - The Foundations of AI in the Enterprise
Discusses the foundational aspects of building AI solutions for businesses, contrasting large and small language models.
07:01 - Properly Integrating AI With Business Operations
Explains the integration of AI within business operations, focusing on healthcare and insurance sectors, and the impact of AI on operational efficiency.
09:32 - AI and Data Management
Talks about the importance of data in AI implementation, challenges of data management, and the role of human oversight in AI systems.
12:32 - Challenges of AI Adoption in Business
Discusses the reluctance and challenges faced by companies in adopting AI technologies, especially in mid-sized companies.
15:26 - AI and Risk Management
John delves into how AI can be used to mitigate risks in heavily regulated industries and the importance of understanding AI's boundaries.
18:09 - Cost of AI Implementation
Addresses the economic considerations of implementing AI, discussing whether it is cost-effective for small to mid-sized companies.
20:56 - Practical Applications of AI & Concluding Thoughts
Examples of practical AI applications in business, focusing on how AI is integrated into existing business processes and systems.