Artificial intelligence Infotoday - Page 3 of 3

Nay.AI, an artificial intelligence health platform, launched in sync with UNSDG3

March 10, 2022

Nay.AI to provide timely clinical interventions in saving lives

The newly introduced healthcare platform “Nay” makes use of components of Artificial Intelligence to provide timely interventions for diseases.

Tension and stress due to medical uncertainties are ubiquitous. Health-related news of a family member or even self often makes people vulnerable. Gaping holes in the healthcare support systems turn into nightmares. Even with the best healthcare facility, no one can guarantee the right treatment.

In an attempt to bridge such vast gaps, a group of senior visionaries and industry leaders have designed Nay.AI; an ecosystem to provide just in time help to patients and intelligent decision support insights to doctors. This healthcare system aims to help UNSDG3 reach some of the goals with NLP (Natural Language Processing) and CV (Computer Vision) technology components of Artificial Intelligence. Timely and well-informed clinical interventions enabled by Nay.AI can save millions of lives in the days to come.

Avijit Guha, CEO at Nay, said, “Nay.AI is an equitable platform. We are bringing in a bunch of life-saving SOPs that will institute life-saving across socioeconomic classifications at par”.

The professionals in the core team of Nay have been working in the educational technology field for several decades. They have been developing software applications for dealing with education-related problems. The wide impact of COVID19 and rampant wrong treatments and ignorance around the subject influenced the team in repurposing their technology components towards saving human lives and building this history-making healthcare ecosystem, Nay. According to a clinical study at the University of Montreal, young brains lack the wisdom of elders. This gives the team of senior professionals at Nay who have extensive knowledge in their respective fields an edge over the youth-dominated start-up industry.

Mr. Guha mentioned, “We designed Nay.AI as the world’s biggest healthcare platform. Ignorance and lack of timely intervention are the biggest reasons for fatalities across the world. With Nay, we want to save as many lives as possible. We do not want people in the forthcoming world to die due to human errors or ignorance”. “It’s a long way to go; the platform is coming up brick by brick. The Neonatal and Geriatrics offerings will be available in India by the end of 2022.”

About Nay:

Many people lose their lives due to a lack of timely medical intervention or the non-availability of the right insights with the treating doctors. Understanding this need of the people for a healthcare venture Nay has been introduced. This healthcare venture aims to help UNSDG3 reach some of the goals with NLP (Natural Language Processing) and CV (Computer Vision) technology components of Artificial Intelligence. With the help of this, timely and well-informed clinical interventions can be provided to the patients during health emergencies.

Business

Impact of Digitalization on the Car Insurance Sector

December 30, 2021

In today’s world, digitalization has touched almost every walk of life. Digitalization has brought massive changes to the insurance industry as well. It has also revolutionised the car insurance industry with automation and digital upheaval. With the rise of Artificial Intelligence, Next-gen data, Blockchain, Cloud computing, Advanced analytics, etc. adopting the new ways of doing business has become a prerequisite to survive in the advanced world.

The following points will give you a better understanding of the digital impact on the car insurance sector:

Customized services

The automobile industry is relatively challenging, and car manufacturers are competing against each other to give the best services to their customers with a choice of personalizing their vehicles. While various new vehicle variants are coming into the market with a customization option. Making a one-size-fit for all insurance policy is becoming difficult. With digitalization, the on-demand, usage-based, customizable form of insurance products and services is getting more attention. From flexible cover options, micro insurance, sustainable insurance plans are becoming the new norm.

Faster access to products and services

With the digital transformation, you can get any kind of information you want in order to buy a car insurance policy from the insurance provider’s website. After that, gather all the required information and compare those policies with others to find one more suitable to your needs. With digitalization, every insurance provider has an advanced process in place, where you can look, select, compare, get a quote, talk to an expert, buy, and renew insurance policies in a matter of minutes at one destination.

Reduced operational cost and time.

With one-click research, buying, and renewal options, the operational cost and time have been reduced, and as a result, making the whole user experience efficient. The digital atmosphere has made it convenient to process claims, perform transactions, and increase awareness about the necessity of car insurance.

Integrated analytics to enhance customer experience:

To build long-lasting relations with customers, it is crucial that customers feel comfortable using digital means of business. That is where the data collection and integrated analysis of that data come in handy. Digitizing data allows the insurance provider to perform the transaction and automate processes with little to no time to help the customers – for example, by assisting a customer get ahead on the claim process shortly after an unfortunate event such as an accident. With available data from the smartphone, health tracking devices, GPS, security systems, etc., insurers can get a head start on their response to the customer.

Use of AI

Ever since digitalization took over the car insurance industry, the usage of Artificial Intelligence has increased on a grand scale. With the help of various AI forms such as chatbots, consumer behaviour tracking, trend analysis, etc., the insurers are improving the turn-around time of policy buying and renewal, claims processing, etc. AI can use analytics to detect fraudulent claims, assess risk points, and create accurate reports

The above points make it clear that digitalization has impacted and transformed the car insurance industry in monumental ways.

Buying car insurance and securing yourself and your vehicle against any unforeseen event is one of the most crucial things you can do as a car owner. Check out various types of car insurance policies from Kotak General Insurance.

This article is authored by Suresh Sankaranarayanan, Sr. Executive Vice President & Chief Technology Officer, Kotak General Insurance, and views expressed in this article are the author’s personal views.