Computer vision brings cost savings and higher efficiency to the insurance sector. Automated vehicle inspection is one of the promising technology applications. Digital transformation is inevitably approaching businesses within the insurance industry, raising new challenges and bringing opportunities simultaneously. …

Embracing Simplicity for Effective Software Development In today’s modern world, we constantly interact with intricate software systems and solutions that help us stay connected and streamline our lives. Interestingly, these advanced systems have their roots in more straightforward beginnings. In “Systemantics” (1975), John Gall shares an essential lesson about the world of complex systems: they should…

Best Practices for the Most Important Phase of CRISP-DM — Introduction: Data mining is the process of discovering patterns and insights in large datasets. It has become an essential tool for businesses to gain a competitive advantage and make data-driven decisions. However, data mining projects can be complex and time-consuming, involving many steps and stakeholders. …

Are you using your insurance data to its fullest? Discover how to benefit from this precious commodity and make your business data-driven. — Among others, insurance is a data-driven industry, which has access to enormous volumes of data, including real-time data. From historical claims data to hazard data to policy data, insurance companies are sitting on an untapped goldmine — insurance data. …

Discover why a digital twin has become the next big thing in manufacturing, its top use cases, and examples. — What if your manufacturing company could keep the machinery running properly, well-maintained, and secure — and all this without an actual site inspection? Or what if you could develop multiple product iterations to check which design and materials would suit you better without building the product and spending real-life resources?

Get to know how machine learning can help you solve your business challenges across the insurance value chain. — From healthcare to financial services to manufacturing and transportation, the world’s biggest industries are going through digital transformation. For sure, the insurance sector doesn’t lag behind in this case. As consumer expectations are growing bigger in terms of efficiency and customer service, we see the development of so-called digital insurance…

Discover five applications of machine learning in insurance and learn how you can improve operational efficiency in the industry — The competition in today’s US insurance market is tough, with around 6000 businesses operating in this sector, according to the Insurance Information Institute. The value of capital invested in the insurtech market alone made up $7.1 billion in the first half of 2021.

Discover the importance of asset maintenance for organizations and learn the difference between Reactive Maintenance, Preventive Maintenance, and Predictive Maintenance. You will find out how Machine Learning might be applied to keep your assets in top shape — We live in a time when technology can solve more business issues than ever before. The latest advancements can offer companies a competitive edge and significant improvement to their processes. …

Discover how machine learning can transform your manufacturing business and add to your business value. — Those days are long gone when artificial intelligence and machine learning sounded like sci-fi movies to us. Today we are going through the Fourth Industrial Revolution or simply Industry 4.0, whose key drivers are large volumes of data and rapid technological advances. This couldn’t be more appropriate for the manufacturing…