Big Data Analytics for Real-Time Fraud Detection in Insurance Claims
Authors:-Shaba Khatoon , Asst.Prof. Ankita Srivastava, Prof.Shish Ahmad
Abstract-The integration of Artificial Intelligence (AI) and Big Data Analytics is revolutionizing industries by optimizing efficiency, accuracy, and security. In healthcare and insurance, AIdriven Intelligent Document Processing (IDP) automates workflows such as claims automation, medical data extraction, and regulatory compliance management. By utilizing Machine Learning (ML), Natural Language Processing (NLP), and Optical Character Recognition (OCR), IDP accelerates document classification, data validation, and anomaly detection, reducing errors by 90% and cutting processing time by 80%. In the financial sector, AI enhances fraud analytics, risk modeling, and compliance monitoring. Advanced deep learning architectures, pattern recognition, and predictive analytics improve credit risk assessment and real-time fraud mitigation. AI-powered anomaly detection techniques identify suspicious transactions, reducing cybersecurity threats and financial fraud losses.
