Predictive analytics and AI can revolutionize your organization if you can unleash your organizational intelligence.
Lenders are implementing new technologies with predictive analytics and AI as top priorities. Many organizations are playing catch up, with half of the organizations trailing the early adopters, according to Gartner. Consumers have high expectations for security. Your organization needs to track creditworthiness data to mitigate risk, but you can't get started because most lenders' core systems are constrained, with resources focused on supporting operations instead of innovation. CAI helps lenders redirect their focus from "keeping the lights on" to reducing operational overhead and forward-thinking, using digitization to manage big customer data. Reducing cost, increasing efficiency, and retaining and attracting quality loan customers is the best source of funding.
A global provider of insurance products, including property and casualty, accident and health, reinsurance, and life insurance, needed help supporting its ServiceNow platform goals and initiatives. Specifically, the IT organization wanted to develop status notifications for employees ordering hardware like laptops or cell phones from the company’s online catalog to elevate user interactions from an out-of-the-box standard to a more robust and Amazon-like customer experience.Learn more
Implementing predictive analytics and AI starts with a critical dependency: rationalizing data. According to Gartner, 60% of data is unstructured and inaccessible for analytics. Many organizations manage multiple data management systems, warehouses, and lakes that grew over time in silos, disconnected divisions, departments, and management teams. Cleansing and rationalizing data is a huge task that will help clean up the mess.
CAI understands the data challenge and helps organizations shortcut data problems to realize the value of predictive analytics and AI.
Trailblazing lenders are using new technologies, including predictive analytics, Internet of Things (IoT), cloud, and conversational platforms to transform operations and their relationships with customers. Overcoming digital obstacles is critical to seeing the value of digital initiatives.
CAI works with lenders to understand the technologies and pave the required path to get to value, fast.
Industry analysts continue to promote the reduction of operational spending and technical debt. But few offer practical solutions to transition from core legacy system to the digital ecosystem. The existing systems and operations create complexity, prolong cultural challenges, and stifle resources, relegating them to support day-to-day operations. Many organizations struggle to find a rational strategy to solve the core system challenge.
CAI can unlock your operational intelligence–freeing you and the budget to accelerate the digitization journey.
Uncover insights to drive new revenue, improve profitability, and reduce risk.Read more
Lending organizations are littered with applications from every technology generation, from mainframes to web applications. Managing the inventory of applications is a heavy lift and takes a significant percentage of the budget. CAI works with companies to sort through and prioritize the application inventory to drive up to 40% savings.Read more