According to a recent press release, “Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced today a partnership with DataRobot, the leader of automated machine learning, to accelerate adoption and success of AI in the insurance industry. Through the new partnership, Majesco customers can leverage the DataRobot automated machine learning platform capabilities integrated with Majesco solutions to improve underwriting, claims and servicing excellence, and profitability. AI and machine learning, along with cloud, APIs and microservices, are the key technologies for platforms, like Majesco’s Core Suites and Digital1st Insurance solutions. The partnership will make machine learning analytics capabilities accessible to any tier of insurer using Majesco solutions, alleviating the burden of limited expertise and resources.”
The release goes on, “As the insurance industry rapidly moves to the future of insurance, robust AI and machine learning capabilities are increasingly mandatory. Benefits of the partnership include: (1) Data Science Access to All: empower the data-rich, but data science-limited insurance businesses to rapidly build, test, and deploy machine learning models with DataRobot’s automated machine learning platform with Majesco Solutions. (2) Optimize the Business: Deliver business value via actionable results by applying machine learning to data to optimize decision making within key business processes. (3) Drive Growth and Innovation: Leverage new data sources for innovative new products and services to drive growth and innovation.”
Read more at Business Wire.
Image used under license from Shutterstock.com