MT TL
Follow Us
ITA MEMBERSHIP

INSURANCE TECHNOLOGY NEWS

INSURANCE TECHNOLOGY NEWS

CONTACT Software launches own AI unit

Bill Sinn | January 31, 2019

With the new Data Science Group CONTACT Software underlines its commitment in the field of Artificial Intelligence (AI). The team of experts guides companies from the evaluation of new application possibilities for AI in the PLM and IoT environment to the introduction of concrete solutions for new business opportunities and digital services.
 
Artificial intelligence (AI) becomes the essential driver of digitization and industry 4.0. In this context, the European Commission has presented a series of investment measures worth €20 billion to better exploit the potential of AI and increase Europe's competitiveness.

Companies are increasingly recognizing the potential behind state-of-the-art statistical methods, data mining and machine learning. However, they are hesitant about the concrete application. They often lack the necessary expertise and experience to integrate AI technology into their business in a targeted and practical way.

CONTACT Software has founded its own Data Science Group to meet these needs. The team of mathematicians, computer scientists and data scientists supports companies in evaluating AI technologies, further developing their own competencies and successfully using them for their own business in line with their individual situation. From the development of valid application possibilities in the form of data-centered business models to the creation of digital infrastructures and the integration into ongoing operations, the Data Science Group supports companies on their way to raising new value-added potentials.

In a video interview, Dr. Udo Göbel, head of the CONTACT Data Science Group, explains which steps companies can take under the guideline "AI needs strategy". "The expectations associated with AI are only fulfilled if the companies also formulate a vision: What is the business model and what should the analysis of one's own data do for it," says Göbel.


Featured articles

MT MR

MT 160x600

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News