Just take insurance- telematics is becoming a key part of managing auto insurance policies. Every time a vehicle brakes hard a "red alert" is sent to truck driver's employees or young driver's parents. Yet often there is a valid reason for abrupt braking.
Machine learning can help filter out valid reasons; an oncoming driver the wrong side of the road, a car cutting in front of a truck.
Technologies like IDOL from HP can be combined with insurtech platforms to constantly innovate and square the circle of improving efficiency and customer service
Huge amounts of data are being generated by sources such as social media, video, audio, wearables and the Internet of things (IoT), leading companies to look for new ways to handle and process all of that data to make it more meaningful and to derive insights from it. Enter machine learning. Machine learning is one of a number of technologies being adapted to help make sense of all this new data being generated. Machine learning is a field of computer science involving creating and continuously improving algorithms that automatically analyze data to identify patterns or predict outcomes, said Mike Gualtieri, principal analyst at Forrester Research.