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Customer Loyalty In Insurance: Technologies and Strategies To Retain and Keep Customers Loyal

Altexsoft

Insurance companies find it difficult to attract new customers and retain them, especially when almost every insurer offers the same service or product. It’s also challenging since insurance is a low-touch industry, and insurers seldomly interact with their customers. The customer loyalty problem in insurance.

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Length of Stay in Hospital: How to Predict the Duration of Inpatient Treatment

Altexsoft

Healthcare facilities and insurance companies would give a lot to know the answer for each new admission. In collaboration, they trained random forests — ensemble algorithms consisting of many decision trees — to generate individual forecasts. Today, we can employ AI technologies to predict the date of discharge.

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Automated Claims Processing: Using RPA and Machine Learning to Manage Insurance Claims

Altexsoft

The insurance industry is notoriously bad at customer experience. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. To compete, insurance companies revolutionize the industry using AI, IoT, and big data. Not in China though. Why automate claims?

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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

It seems pretty straightforward: well, you just heat up milk or boil water, dump those flakes in the bowl, and add fruits, berries, honey, or other yummies you like. And now, try to think about each step: is there any way you can make it faster? Say, how many extra moves are you making because the ingredients are located in different areas?

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Natural Language Processing in Healthcare: Using Text Analysis for Medical Documentation and Decision-Making

Altexsoft

“AI is technology’s most important priority, and health care is its most urgent application,” said Microsoft’s CEO Satya Nadella announcing the company’s new acquisition. Nuance, acquired for $19.7 billion (Microsoft’s biggest purchase since LinkedIn), provides niche AI products for clinical voice transcription, used in 77 percent of US hospitals.

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OTA Platform: How to Choose a White-Label Solution, and When to Go Custom

Altexsoft

White-label solutions make building an online travel agency or OTA extremely easy and fast. You can establish your presence on the web in no time — and with minimal upfront cost. Plug-and-play platforms have many hidden limitations, preventing you from standing out in a saturated travel market. The channel share in US travel as of 2022.

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Fleet Maintenance Software: Technology Behind Preventive and Predictive Vehicle Servicing

Altexsoft

Taking good care of your fleet assets pays off by prolonging their lifecycle, increasing efficiency, and reducing the probability of failures. Prevention is better than cure. If you think vehicle breakdowns are inevitable, we got news for you. These risks and losses can – and have to! – be avoided with proactive maintenance.