Richa Pokhriyal
What Is Data Mining and Why Is It So Important?
Data mining is a technique for sorting huge data sets. It helps in recognizing the relationships and patterns to resolve business problems. Data mining companies use tools and processes to help organizations in predicting future trends and forming decisions. The tools include powerful mathematical,...
Powering Digital Transformation for Insurers in 2023 and Beyond – The Age of Platforms
The innovative customer-centric InsurTechs and pandemic have accelerated digitization in the insurance industry. In fact, these have been one of the greatest catalysts in helping the sector keep up with the changing demands of tech-savvy customers who expect on-demand, transparent, and seamlessly connected services....
Avoid Data Decays and Boost Marketing ROI with Data Verification Process
Every business that aims to build greater market share, accomplish apex level, and achieve success has to consider many factors. Aspects like competent resources, latest business models, effective marketing strategies, fail-proof sales plans, commendable customer experiences, and so on contribute to its success. One...
A Comprehensive Guide for Image Annotation in Machine Learning
Have you ever wondered how self-driving cars have become a reality? Take other examples like speech recognition, online fraud detection, traffic prediction, biometric identification, and so on are all making our lives easier. But what is the driving force behind them? Machine Learning, an application...
How to Streamline Data Collection with Fewer Costs and Hassles?
The lifeblood of businesses of all sizes across different industries and verticals—data is produced at an exceptionally higher rate. Whether communicating with customers, targeting marketing campaigns, tracking from advertising, or sales prospecting, data keeps flowing continuously. According to the recent Statista report, the total...
How Insurance Agencies Can Leverage CRM to Improve Customer Experience?
A survey indicates that 89% of consumers are more likely to return if they get a positive customer service experience. On the other hand, 63% of customers are likely to leave a brand owing to a bad customer experience. These statistics reveal how important...
Harness New Growth and Diversify Business Strategies with Market Research Function
Your customers’ needs and wants are changing faster than ever. But are your sales and marketing efforts enough to keep up with them? Savvy marketers always reach out to their customers as they truly understand who their customers are, how they behave, and what...
4 Ways to Supercharge Decision-Making With AI-Powered SaaS
The scope of Artificial Intelligence (AI) is not limited to automating recurring processes — it influences business’s day-to-day decision-making across hierarchies. Today, organizations rely on AI-powered tools to capture data and make insightful decisions. Most of these solutions are powered by a cloud-based software...
How Automation is Shaping the Future of Claims Processing?
According to a McKinsey report, there is 43 percent automation potential for the BFSI industry. It is stipulated that in a few years, one-fourth of the task force in the insurance industry will either be consolidated or replaced by automation technologies. As such, insurers...
Here’s How Insurance CRM Can Drive Sales
Insurance agencies, irrespective of their size, can grow their business by discovering ways to boost sales or by branching out to new markets. To achieve the former, they implement insurance CRM systems. The right CRM system, when implemented correctly, enables agencies to showcase their...
Image Recognition Technology: The New Frontier in Elevating CX Across Industries
It wasn’t long ago that Artificial Intelligence and Machine Learning sounded like a science fiction prophecy from the tech future. These new-gen technologies are now the driving forces behind numerous technological innovations we use daily. You can unlock your smartphones without entering pins...
How to Implement CRM for Insurance Agents?
Successfully CRM adoption brings together a host of integrated tools and technologies that enable businesses to automate and optimize workflows, and obtain a 360-degree view of customers. However, since the CRM implementation process is rife with complexities and challenges, agencies must approach it carefully....
Common Challenges to Resolve with Insurance Broker Software
As the insurance industry is undergoing a massive transformation, the process of selling is also evolving. However, adapting to the dynamic market environment can be rather challenging. Factors such as heavy competition, ever-changing customer behavior, and technological evolution mean that insurance brokers are now...
What is Insurance Technology and how can insurers benefit from it?
Thanks to insurtech, a portmanteau of the terms insurance and technology, insurance businesses of today can enjoy a host of benefits. And this is only the beginning. As insurance technology redefining business paradigms and disrupting nearly all segments of the industry and its growth...
Busting 5 Common Myths Surrounding Insurance Software Implementation
Insurance software integrates and streamlines disparate business systems and creates a unified view of policies, processes, and customers. A number of insurance agencies across the globe are already enjoying the benefits of insurance management software. However, despite its growing popularity, myths concerning insurance software...
Explore the Benefits of Leveraging Artificial Intelligence Development
AI is becoming common in many services and products. A large amount of data is trained and analyzed for the machine to understand. The machine identifies patterns and co-relations to make predictions about upcoming situations. AI development firms work with businesses to develop machine...
RPA in the Insurance Sector – 5 Real World Use Cases
Nobody can deny the fact that the professionals working in the insurance industry are replete with tedious, time-intensive, and repetitive tasks such as claims registration and processing, underwriting, manual data entry, regulatory compliance, and more. In other words, the expertise and time invested by...
Getting Started with Software Development Outsourcing
Organizations across various industries outsource a significant portion of their day-to-day operations to offshore partners. If we talk specifically about the IT industry, Software Development Outsourcing is the most desired service that organizations look at to address their resourcing needs. The need for outsourcing differs...
The Need of Progressive Web App & Comparison With A Native App
Extensive smartphone availability and better internet penetration have made online businesses flourish like never before. There was a time when brands ignored the steady increase in the number of mobile users. Today, this can not be ignored as mobile users account for 51...
eCommerce Mobile App Development: Factors, Cost, and Features
Investing in eCommerce App Development can be a pathbreaking decision for online retailers and brick-mortar store owners. While websites are a good platform to build an audience base and get decent conversions, mobile apps provide much better results due to their convenience, portability,...