Wednesday, January 31, 2024

HYCU R-CLOUD INCORPORATES GEN AI FOR SAAS DATA PROTECTION

KUALA LUMPUR, Jan 31 (Bernama) -- HYCU Inc, a leader in data protection as a service has announced the HYCU Generative AI Initiative, aiming to seamlessly integrate generative artificial intelligence (Gen AI) technology.

This project includes Anthropics' AI assistant Claude with HYCU's R-Cloud data protection platform, redefining the development process of data protection integrations and creating an easy to use way to create Software as a Service (SaaS) integrations.

Its Founder and Chief Executive Officer, Simon Taylor said this development with Anthropic’s frontier generative AI model Claude is more than an integration; it is a leap forward in the future of data protection.

“By harnessing AI, we are not only accelerating our development processes but also reinforcing our commitment to security and operational efficiency. We are excited to take R-Cloud to the next level and pioneer this space and set new standards for the industry,” he said in a statement.

The HYCU Generative AI Initiative includes an AI-driven development process; deep understanding of data protection complexities; dramatic reduction in development time; and maintaining high standards.

This project marks three significant innovations to the HYCU R-Cloud award-winning platform such as pioneering infrastructure software protection and recovery; synergising company missions; as well as setting new benchmarks for SaaS and cloud services with AI.

HYCU R-Cloud includes the world’s first low-code development platform for data protection that enables SaaS companies and service providers to deliver application-native backup and recovery efficiently and rapidly.

It has been recognised for setting the bar for SaaS data backup and protection for its ease of use of integration for both end users and SaaS providers.

-- BERNAMA

XSOLLA FOUNDER SHURICK AGAPITOV RELEASES NEW BOOK: ONCE UPON TOMORROW, A VISIONARY TAKE ON THE METAVERSE AND ITS IMPACT ON GLOBAL CREATIVITY




LOS ANGELES, Jan 31 (Bernama-BUSINESS WIRE) -- Shurick Agapitov, a visionary author and the Founder of Xsolla unveiled his groundbreaking new book, "Once Upon Tomorrow," today. This pioneering work offers a transformative and aspirational vision of the Metaverse, contrasting markedly with mainstream narratives. Agapitov's book is a thought-provoking journey into the possibilities and potential of the Metaverse, providing a unique perspective diverging from the views often presented at industry conferences and by technology CEOs.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20240130496363/en/
 
"In 'Once Upon Tomorrow,' I present a vision of the Metaverse as a vast, inclusive, and transformative space. It's not just a digital frontier but a realm where creativity, innovation, and empowerment converge. This book is my invitation to creators, thinkers, and dreamers across the globe to join in shaping a future where technology amplifies human potential and fosters a world of limitless possibilities. The Metaverse, as I see it, is not about control or confinement but about unleashing the collective creativity and entrepreneurial spirit inherent in all of us," said Shurick Agapitov, Founder of Xsolla and acclaimed author of "Once Upon Tomorrow."

"Once Upon Tomorrow" delves into the untapped potential of the Metaverse, highlighting its capacity to unite emerging and legacy brands, create unforgettable consumer experiences, and enrich cultures globally. Agapitov emphasizes the Metaverse's role in democratizing opportunities and equal access to cutting-edge technologies. His vision extends beyond mere technological innovation, underscoring the Metaverse's potential to empower and reward content creators across the globe. The book also highlights the significant impact of the Metaverse on education, offering hope and opportunities for both children and adults worldwide. Agapitov advocates for a decentralized Metaverse moving away from Silicon Valley's dominance, placing control, profit potential, and freedom in the hands of creative communities.

"Once Upon Tomorrow" is more than just a book about the Metaverse; it's a roadmap to a future where technology serves humanity in all its diversity, fostering financial, social, and creative inclusivity. Agapitov envisions a future where every consumer-facing industry, from fashion to healthcare and entertainment, is transformed. The book also explores the potential impact of the Metaverse on business-to-business sectors, education, city planning, inter-government relations, and non-profit efforts.

Agapitov's insight into the evolution of technology, from the early days of Instagram and Snapchat to the future of immersive applications, is a key highlight of the book. He discusses the roles of various technology stakeholders, including internet hosting providers, website developers, cloud computing experts, infrastructure engineers, and the ongoing need for advanced networking and hardware. "Once Upon Tomorrow" is a visionary piece that invites readers to rethink the Metaverse and its limitless potential.

For additional information and to purchase please visit: onceupontomorrow.com

About Shurick Agapitov

As the founder of Xsolla, Inc., Shurick Agapitov is a highly respected innovator and advisor in gaming, Web3, Metaverse, and fintech. His trailblazing video game company integrates blockchain technology, providing developers with advanced tools and services for more effective game operations and sales. With a global presence, including offices in Los Angeles, Berlin, and Seoul, Xsolla, under Shurick’s leadership, is shaping the future of gaming and the Metaverse, fostering a more decentralized and inclusive industry.

For additional information about Shurick Agapitov please visit: themarque.com or LinkedIn.com

About Xsolla

Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the video game industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Seoul, Beijing, Kuala Lumpur, Tokyo, and cities around the world, Xsolla supports major gaming titles like Valve, Twitch, Roblox, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.

For additional information and to learn more, please visit: xsolla.com  

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Monday, January 22, 2024

xSuite's SAP Solutions Deployed Exclusively By Datamation Via New Alliance

KUALA LUMPUR, Jan 22 (Bernama) -- xSuite Asia Pacific, part of the xSuite Group, a global player for accounts payable invoice automation (APIA) and peer-to-peer (P2P) processes with Systems Applications and Products in Data Processing (SAP), has announced its partnership with Datamation.

In a statement, xSuite said Datamation was given exclusive access to its SAP solutions, as well as archiving and capturing from the xSuite cloud to its customers, as part of the partner contract which was inked at the DigitalCFO Symposium in Kuala Lumpur, Malaysia.

“We are thrilled to embark on this new partnership with Datamation. Much more than a collaboration, it signifies a strategic alliance that represents a synergy of expertise, innovation and a shared commitment to excellence.

“With more than 40 years of unparalleled success in delivering tech solutions to Asia, Datamation is perfectly positioned to start a new era by offering xSuite's solutions for accounts payable automation and P2P processes with SAP,” said xSuite Group Managing Director, Andreas Nowottka.

Meanwhile, Datamation Chief Executive Officer, Alex Wee said: “Being an exclusive partner of xSuite means for our customers, they will benefit from a leading, future-proof software for APIA and P2P scenarios in various SAP deployment models.”

Datamation Group is a leading information technology consulting and solutions provider that is committed to helping enterprises across many industries reach their highest potential by developing business solutions best suited for their business.

Far beyond data capture, the company today offers all sorts of solutions such as enterprise content management (ECM), rapid application development platform, and document & records management system (DMS), among others.

Over the years, Datamation has expanded from a Malaysian based entity to a regional organisation with offices based in Singapore, Hong Kong, Australia and representative offices in various countries.

xSuite is an established provider of APIA solutions for the SAP market with strong expertise in the areas of e-invoicing, artificial intelligence in invoice processing and holistic P2P processes.

-- BERNAMA

JESS AU JOINS BHSI AS HEAD OF GENERAL PROPERTY IN ASIA



KUALA LUMPUR, Jan 22 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) announced the appointment of Jess Au as Head of General Property in Asia.

Based in Singapore, Jess Au succeeds Ophelia Szeto who is retiring from the role after nearly a decade with the company, according to BHSI in a statement.

“Jess takes the reins of our general property portfolio with more than 20 years of experience in Asia. I look forward to working with her as we continue to build and expand BHSI’s long-term relationships in the region.

“I also want to thank Ophelia for her work and her dedication in establishing our commercial property presence in Asia and we wish her success in her next endeavours,” said BHSI Regional President, Asia Middle East, Marc Breuil.

Au brings with her a wealth of technical experience and market knowledge across Asia. Prior to joining BHSI, she held several regional managing & underwriting positions in the Singapore market, where she was most recently Regional Property Facultative Lead.

She graduated from the Nanyang Technological University (NTU Singapore), majoring in Insurance.

In Asia, BHSI provides general property coverage for a wide range of classes, including manufacturing, infrastructure, and real estate, as well as stand-alone natural catastrophe coverage.

-- BERNAMA

Tuesday, January 16, 2024

Teledyne e2v Unveils Next Generation CMOS Image Sensor For Extreme Low Light Conditions

KUALA LUMPUR, Jan 17 (Bernama) -- Teledyne e2v, a Teledyne Technologies company and global innovator of imaging solutions, has announced OnyxMax, the next generation of its popular Onyx 1.3M low light complementary metal oxide semiconductor (CMOS) image sensor.

“We are very proud to release OnyxMax, which has been specifically designed to deliver high-performance in challenging low light conditions. This sensor performs significantly better than general purpose image sensors that generally lose contrast in the NIR.

“OnyxMax performs impressively in these conditions and has been very well received by defence, commercial, and scientific markets,” said Teledyne e2v Marketing Manager for Low Noise Imaging, Ariane Le Bon in  a statement.

The combination of sensitivity and image resolution increases its range, allowing even small objects to be detected in harsh conditions, making OnyxMax ideal for a wide range of applications including science, defence, traffic cameras, broadcast and surveillance.

OnyxMax features 1.3 Megapixels and is available in monochrome, as standard, and with colour filter array (CFA) arrangements available on request.

It has a 10 x 10 micrometres (µm) pixel, designed with Teledyne’s new cutting edge HiRho proprietary technology, which enables outstanding Near Infrared (NIR) sensitivity and spatial resolution with Quantum Efficiency (QE) of 58 per cent and MTF of 63 per cent at 850 nanometres (nm) wavelength.

Teledyne e2v innovations lead developments in healthcare, life sciences, space, transportation, defence and security as well as industrial markets.

-- BERNAMA

Monday, January 15, 2024

ANALOG DEVICES DEPLOYS SAMBANOVA SUITE TO FACILITATE BREAKTHROUGH GENERATIVE AI CAPABILITIES AT ENTERPRISE SCALE



WILMINGTON, Mass. & PALO ALTO, Calif., Jan 15 (Bernama-BUSINESS WIRE) -- Analog Devices, Inc. (Nasdaq: ADI), global semiconductor leader, and SambaNova Systems, makers of the only purpose-built, full-stack AI platform, announced that ADI is deploying SambaNova Suite to spearhead its global AI transformation, making AI pervasive enterprise-wide.

“ADI is synonymous with innovation, and we have a legacy of technology leadership in bridging our physical and digital worlds for the benefit of our planet and its people,” said Alan Lee, Chief Technology Officer at ADI. “We achieve this by collaborating with our customers, providing them with technical expertise, support, and resources to help them overcome their toughest challenges. We are working with SambaNova Systems, pioneers of cutting-edge AI solutions, to rapidly deploy their enterprise-scale generative AI platform toward enabling our customers’ success.”

As part of the initial deployment, ADI will leverage the SambaNova Suite to accelerate field sales and customer enablement across its business. For example, ADI plans to leverage the technology to streamline access to its extensive data sheets, helping inform recommendations in the field, and deepen its customer connections.

“Our efforts with ADI reinforce our vision that a complete software and hardware AI stack is the right answer for today’s enterprise. This is true market validation of our product direction,” said Rodrigo Liang, Co-Founder and Chief Executive Officer of SambaNova Systems. “The SambaNova Suite solution offers a quicker way for ADI to deploy generative AI enterprise-wide with global impact. We’re delighted to be working together.”

SambaNova Suite is the first full stack, generative AI platform, from chip to models, for the enterprise. Delivered on-premises or in the cloud, the SambaNova Suite is a fully integrated platform offering state-of-the-art open-source models, which can be fine-tuned using customer data for greater accuracy. Customers retain model ownership in perpetuity, so they can turn generative AI into one of their most valuable assets.

"Generative AI adoption in the enterprise will be accelerated by more complete offerings that avoid costly and lengthy integration while also providing data privacy and model ownership to enable investment protection and high ROI," said R "Ray" Wang, Founder and Principal Analyst at Constellation Research. "Seeing generative AI moving beyond experimentation to enterprise use cases signals the next wave of market maturity has begun."

“The global deal being announced today is a significant technological advancement for the industry,” said Marshall Choy, Senior Vice President of Product at SambaNova Systems. “The work we are doing with ADI showcases SambaNova’s integrated software and hardware capabilities within enterprise-scale environments. ADI is a power user of innovation among the Fortune 500, truly underscoring our technology’s potential.”

For more information on SambaNova Suite, please visit www.sambanova.ai/products/sambanova-suite.

About Analog Devices, Inc.

Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $12 billion in FY23 and approximately 26,000 people globally working alongside 125,000 global customers, ADI ensures today’s innovators stay Ahead of What’s Possible. Learn more at www.analog.com and on LinkedIn and Twitter (X).

About SambaNova Suite

SambaNova Suite is the first full stack, generative AI platform, from chip to model, optimized for enterprise and government organizations. Powered by the intelligent SN40L chip, the SambaNova Suite is a fully integrated platform, delivered on-premises or in the cloud, combined with state-of-the-art open-source models, which can be easily and securely fine-tuned using customer data for greater accuracy. Once adapted with customer data, customers retain model ownership in perpetuity, so they can turn generative AI into one of their most valuable assets.

About SambaNova Systems

Customers turn to SambaNova to quickly deploy state-of-the-art generative AI capabilities within the enterprise. Our purpose-built enterprise-scale AI platform is the technology backbone for the next generation of AI computing.

Headquartered in Palo Alto, California, SambaNova Systems was founded in 2017 by industry luminaries, and hardware and software design experts from Sun/Oracle and Stanford University. Visit us at sambanova.ai or contact us at info@sambanova.ai. Follow SambaNova Systems on Linkedin.

All trademarks and registered trademarks are the property of their respective owners.

(ADI-WEB)

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20240110918352/en/

Contact

Michael Lucarelli
Vice President, Investor Relations and FP&A
Analog Devices
Investor.Relations@analog.com

Ferda Millan
Global PR and External Communications
Analog Devices
Ferda.Millan@analog.com

Virginia Jamieson
Head of External Communications
SambaNova Systems
virginia.jamieson@sambanova.ai

Source : SambaNova Systems

Thursday, January 11, 2024

SENSORMATIC SOLUTIONS MAXIMIZES SHOPPER EXPERIENCES THROUGH STORE GUEST BEHAVIORS POWERED BY COMPUTER VISION ANALYTICS AT NRF 2024

  • Sensormatic Solutions newest offering uses AI to provide retailers with analytics and visualization tools that enable outcomes-based improvements and satisfying retail experiences
NEUHAUSEN, Switzerland, Jan 11 (Bernama-BUSINESS WIRE) -- Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, unveils how it enables an enhanced shopper experience with its Store Guest Behaviors powered by Computer Vision Analytics (CVA) solution at the 2024 National Retail Federation (NRF) Big Show. As part of Sensormatic Solutions computer vision capabilities, Store Guest Behaviors is an artificial intelligence (AI) solution that leverages an adaptive learning model to help retailers understand shopper journeys and deliver engaging, enjoyable and unique shopping experiences.

“Truly understanding the shopper journey is key to impacting shopper behaviors, and a holistic picture of a customer’s movement in a retail space allows for better-informed decisions which results in a superior shopping experience,” said Subramanian Kunchithapatham, chief technology officer at Sensormatic Solutions. “Retailers of any size or category can achieve just that with our Store Guest Behaviors solution and design the ultimate experience that aligns with their brand and overall mission as well as with their customers’ needs.”

Blending Accurate In-Store Data to Help Reinvent the Shopper Experience

Data is redefining everything from how retailers interact with their shoppers, to how, why and where shoppers make their decisions and purchases. Store Guest Behaviors reveals enriched, actionable shopper insights retailers can use to help boost in-store sales through thoughtful strategy and layout within a retail environment. This is because it increases the value of foundational traffic analytics programs, using people counting, shopper journey and behavior data to facilitate operational excellence and improve conversions.

That outcome is enabled by understanding:
  • Shoppers’ paths to purchase. Store Guest Behaviors utilizes various data streams like zone-level dwell time and movement analysis, which can measure the time shoppers engage with displays or merchandise. The solution provides heat maps that highlight shoppers’ journeys and paths to purchase, empowering retailers to design more effective layouts and floor plans, inventory management practices and labor models.
  • Audience measurement. Store Guest Behaviors can help retailers better understand their customers and what they want. With shopper sentiments, demographics and other relevant data streams, retailers are equipped with the necessary data to enable simple yet comprehensive A/B testing to quantify the value around decisions on merchandise mix, promotional display placements, planogram designs, and assortment strategies.
Store Guest Behaviors powered by CVA allows retailers with compatible tech stacks to make use of existing video infrastructure by using an edge appliance to tap into their digital ecosystems. As with most Sensormatic Solutions computer vision applications, the new solution is enabled through collaboration with Intel and Lenovo and optimized for retail using Sensormatic Solutions suite of proprietary, connected and outcomes-based solutions.

Sensormatic Solutions Store Guest Behaviors powered by CVA is available now—the latest in an extensive line of Computer Vision Analytics applications that can help provide retailers insights on shopper behaviors while strengthening loss prevention efforts and maintaining safe environments for shoppers and associates.

For more information on Sensormatic Solutions full computer vision portfolio and use cases, visit sensormatic.com/computer-vision. To see this solution and more in action, meet us at NRF 2024 booth #4865, Jan. 13-16, 2024, at the Jacob K. Javits Convention Center in New York City. To request a booth tour or a meeting with an account manager, visit the Sensormatic Solutions scheduling page. For more, follow #SensormaticNRF2024 on X and LinkedIn.

Recent Relevant News: Sensormatic Solutions Showcases Latest Outcomes-Based Retail Analytics Solutions to Address Retailers' Most Pressing Challenges

About Johnson Controls:

At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.

About Sensormatic Solutions:

Sensormatic Solutions is the leading global retail solutions portfolio of Johnson Controls powering operational excellence at scale and enabling smart and connected shopper engagement. Our intelligent digital operating platform – Sensormatic IQ – combines the full Sensormatic Solutions portfolio, including third-party data to deliver unmatched insights into shopper experience, inventory intelligence, loss prevention and operational effectiveness with advanced technologies, like AI and Machine Learning. This enables retailers to act on prescriptive and predictive data-driven outcomes to confidently move into the future. Please visit Sensormatic Solutions or follow us on LinkedInX, and our YouTube channel

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Wednesday, January 10, 2024

FINTECH COMPANY SALMON BECOMES LICENCED BANK IN THE PHILIPPINES

KUALA LUMPUR, Jan 10 (Bernama) -- Fintech company Salmon announced it has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to acquire the controlling interest in Rural Bank of Sta. Rosa (Laguna), a well-respected licenced financial institution serving Filipino communities since 1963.

Salmon in a statement said it will own 59.7 per cent of the bank upon completion of this transaction which will conclude in the coming weeks.

The bank’s licence and its geographic footprint will enable Salmon to offer artificial intelligence (AI)-centric consumer credit and debit products nationwide.

“We are excited to undertake this important next step in Salmon’s development and grateful for the continued support of the BSP and its vision of driving financial inclusion in the country.

“This transaction will help us reach additional underserved communities in the Philippines, bringing modern, customer-centric and easy-to-access financial services to more people,” said Salmon Co-Founder and Business Head in the Philippines, Raffy Montemayor.

Becoming a licenced bank in a major market represents a significant milestone for both Salmon and the Philippines as Salmon joins only a handful of other fintech companies operating licenced banking institutions in Southeast Asia.

The deal will bolster access to modern banking services for millions of underserved Filipinos in key regions including Metro Manila, Cebu and Davao, where Salmon plans to open new branches, subject to BSP approval.

The transaction also supports the Rural Bank Strengthening Program launched by the BSP in 2022 to enhance the country’s rural banking sector and promote inclusive growth to address the changing needs of the dynamic, young and technologically savvy Filipino population.

Salmon will maintain and enhance the bank's offline presence, injecting significant capital and technology into it to upgrade its offering for all customers.

-- BERNAMA

Friday, January 5, 2024

SHARP TO TAKE PART IN CES 2024, MAJOR US TECH EVENT

 

Sharp to Take Part in CES 2024, Major US Tech Event (Graphic: Business Wire)

LAS VEGAS, Jan 4 (Bernama-BUSINESS WIRE) -- Sharp Corporation will participate in CES 2024, which is one of the largest and most influential tech events in the world. Based on the slogan “Toward the Future for a Better Life,” Sharp will broadly promote a variety of world-class technologies in the global marketplace by introducing our innovative proprietary technologies.
 
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240103116239/en/ 

·        Highlights

1.     Smart Living
Technologies that reduce various worries at home and make lives richer and more comfortable
A virtual docent (explainer bot) powered by CE-LLM*1 (Communication Edge-LLM) edge AI technology being developed by Sharp will introduce the exhibit through natural, interactive conversation. Also, in addition to a high Speed Oven that features greatly reduced cooking times thanks to proprietary heating technology and optimal control of the heat source, this exhibit will feature hair dryers and upright vacuum cleaners that combine low noise and high power.

2.     Smart Industry
Ideas to provide speed and efficiency to industries
This exhibit features camera technology that supports XR technology, in addition to visual representations of conversations and ideas in business settings using XR*2 glasses and AI, and information display to support daily life scenarios such as wardrobe coordination suggestions. Also, an AI Olfactory Sensor, developed by adapting display substrate technologies, enables sensing smells by mimicking living organisms, and an IMS (ion mobility spectrometry) gas analysis device using an atmospheric electron release element will be on display.

3.     Sustainability
Technologies that produce renewable energies of the future and address environmental issues by improving power efficiency
Reflective LCD signage for outdoor and ePoster color electronic paper displays featuring low power consumption will be exhibited. Sharp will also introduce the indoor photovoltaic device LC-LH that use indoor light and offer high power generating efficiency and can supply power to IoT devices. A TV Remote Control with LC-LH device will also be shown. 

Thursday, January 4, 2024

Duck Creek Technologies To Boost Claims Management Via CAMCOM Partnership

KUALA LUMPUR, Jan 4 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced its new partnership with CAMCOM, an industry-agnostic artificial intelligence (AI)-powered platform for visual inspections.

According to a statement, through this collaboration, CAMCOM aims to enhance Duck Creek Claims' capabilities in optimising and streamlining the vehicle inspection process, as well as create a powerful synergy in visual inspection and insurance claims management.

Duck Creek Technologies Country Commercial Director, India, Sudeep Chatterjee said the company is committed to ensuring its technology platform provides an exceptional customer experience and simplifies insurance for all.

“I am excited that our strategic partnership with CAMCOM is geared towards enabling modern, efficient, and dependable technology solutions where customers can feel secure with a seamless claims experience,” he added.

Meanwhile, CAMCOM Co-founder and Chief Revenue Officer, Uma Mahesh said: “We are delighted that our strategic partnership with Duck Creek Technologies will allow our AI-powered solutions to create a paradigm shift in digital-based claim services.”

CAMCOM introduces its AI technology to identify and assess damages on various vehicle parts for Duck Creek Claims customers in Asia Pacific.

The CAMCOM AI Damage Assessment and Cost Estimation Integration is designed to identify motor vehicles, discern their make and model, analyse individual visible parts as well as accurately evaluate damages.

The results include preliminary recommendations for a course of action, whether it involves repairs or replacements, accompanied by detailed cost estimations and this integration empowers a more efficient and practical approach to vehicle inspection within the insurance claims ecosystem.

-- BERNAMA