Insurers Lead in AI Investment
In a recent study of 13 different verticals, the insurance industry invested more on artificial intelligence (AI) than any other industry—on average, $124 million per company surveyed. Of the 54 insurance companies that participated, about half were in North America, and about half were in the property and casualty industry. While the greatest areas of investment were security and customer service, investments were made across multiple business functions, including everything from human resources to sales.
The New Repair Network
The repair network of today is not your grandfather’s or your father’s repair network; in fact it may not even be your older brother’s repair network. Vehicles are becoming more sophisticated with every new model that rolls off the production line. They’re no longer merely a mode of transportation—they’re complex computer networks on wheels.
Motor Vehicle Markets Q4 2017
We recap the motor vehicle markets trends from Q4 2017, highlighting the best-selling U.S. cars, trucks, and current used vehicle market conditions.
Artificial Intelligence: 7 Tips for Success
News and predictions about how artificial intelligence will shape the insurance industry are popping up almost every day. The infographic below highlights seven tips for working with artificial intelligence, including limitations, opportunities and emerging trends that you should keep in mind to better position yourself (and your company) for success.
Ensuring Mitchell’s Cloud Transition Is Safe, Secure, and Stable for Our Customers
While Mitchell has been exploring, testing and even migrating our internal business systems to the cloud for several years, the launch of Mitchell Cloud Estimating marks a milestone on our journey. Like many companies, Uber and Dropbox among them, we have settled on a hybrid public / private solution, putting specific workloads where they function best and best serve our clients’ needs. This article provides insight into what matters most on this journey—our clients, the safety and security of their data, and the stability of their software.
Estimating Elevated: Five Reasons Collision Repair Facilities Should Make the Move to the Cloud
The concept of cloud computing has rapidly moved from being a transitional technology to mainstream as companies and industries recognize the need to provide efficient and agile solutions for their organizations. According to IDG, the average company has 45% of its IT environment in a cloud.
Making the Most Out of Your Data: Four Tips for Engaging with Claims Consultants
For insurance carriers, finding ways to capitalize on the growing volume and velocity of information is a critical challenge. We have experienced a lifetime of automotive technological change in just the past decade and it is becoming increasingly difficult to stay in front of the latest advancements in repairing today’s complex vehicles while still leveraging data to manage an efficient and profitable claims operation.