AI-Powered Claims Automation: Revolutionizing Warranty Management with AI
Warranties are standard for most mechanized products, providing customers with options for repair, replacement, or refunds. Research shows that warranty claims and associated service costs typically account for 2% to 15% of net sales. For large companies, this can mean billions of dollars in annual expenses. Even for medium and small manufacturers, this cost has […]
Harnessing the Power of IoT Data: A Holistic Approach
In our hyper-connected world, the Internet of Things (IoT) isn’t merely a buzzword—it’s a transformative force reshaping industries and business landscapes. At its core lies a treasure trove of data generated by sensors, devices, engines, and machines. But here’s the untold story: Historic IoT data, when combined with insights from other systems, becomes a game-changer. […]
