LTIMindtree ran a remote hackathon and generated more than 50 ideas and created MVPs for 35 of them. This was done over a period of two weeks and with a select team of 350 consultants.

The COVID-19 pandemic has hit the Insurance business very hard.However, the pandemic has made the insurance sector undergo a disruptive transformation where innovative technologies like AI-based cognitive solutions, Machine Learning etc.,will create a new target operating model that will be more “efficient.

There’s never been a better time for organizations to embark on an automation journey.Organizations that have adopted Intelligent Automation (IA) seem to be sailing smoothly through the COVID-19 pandemic.

Though Blockchain is still in its nascency, it is a technology with immense potential and in unprecedented times as today it can bring a lot to the table.

Intelligent Automation is set to digitally transform claims processing in the Insurance industry by transforming legacy systems and making the process more intelligent and streamlined.

In the Digital Era consumers of products and services that have a positive customer and product experience will be loyal, drive more business, and build the brand reputation of the organization.

Low-cost RPA tools are the perfect “sachets” that allow organizations to achieve desired outcomes without investing too much money and without requiring code re-writes or large-scale system changes.

Disruptive technologies like Artificial Intelligence (AI), Machine Learning (ML), chatbots, mobile self-service apps, and integrated communication platforms have transformed the landscape of the insurance claims lifecycle.

Adaptation of Retail & CPG Companies to the Pandemic | LTIMindtree Blogs COVID-19 pandemic should serve as a wake-up call for retail and CPG players to modernize their business processes and operations and make the necessary investments needed for true digital transformation.