TYE Solutions “Insurance and Big Data” workshop on 7 June

Building capacity at the technological frontier of the Sri Lankan insurance industry, leading technology-enabled solutions provider TYE Solutions announced a full-day workshop on Insurance and Big Data Analytics on 7 June. 

Taking place at the Parkland Building, Park Street, Colombo 02, from 9.30 am to 3.00 pm, the workshop is designed to enable a new generation of smarter, real-time, predictive insurance that elevates customer service while minimising risk. 

“As with most technologies, the Banking, Finance, Insurance and Telecommunications sectors tend to be the first adopters of new technologies.However, the difference with data analytics and those technological revolutions that came before is in the complexity involved in deriving massive value from massive amounts of data. Our aim with this workshop is to drastically simplify this process,” TYE Solutions CEO Zahir Fuard explained.

Featuring extended sessions with internationally renowned data scientists and experts in Big Data, the one-day training course will provide participants with an overview of different types of analytics, including tools for text, speech algorithmic and cognitive analytics, as well as providing in-depth industry use cases from the most pioneering first adopters,which have utilised such techniques to gain a 360 degree view of customers across channels. 

Another key topic being discussed at the sessions will be the potential for risk analytics, fraud detection, and how Big Data can be utilised towards minimising risk to the organisation while maximising customer service quality and volume.  

“Having worked at the frontiers of Big Data analytics in Sri Lanka, we have seen an increasing sense of urgency about the way in which medium-large corporates are approaching this field, and I believe this is a result of rapidly rising awareness of just how much business sense these technologies make.In that regard, we will also be conducting special sessions at our workshop with regard to other important industry trends which can potentially be leveraged for greater competitive advantage right now, including hot-button issues like the potential of Blockchain, IoT, wearable devices, artificial intelligence and open data sets. This will be a truly unprecedented learning opportunity for everyone seeking to take bold and progressive steps in the insurance industry,” Fuard stated. 

Notably, participants at the upcoming Insurance Analytics workshop from TYE will also receive a special $100 early-bird voucher for its upcoming flagship technical workshop: ‘Hadoop Ecosystems of Enterprise’ which is also scheduled to take place in June.