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SynerScope featured in Financial Times

Excited to be featured in FT!

We are happy with this report on Risk Management Technology in the Financial Times. SynerScope was one of ten companies in a full page article titled “Insurtech startups causing a stir”.

The start-ups are targeting all parts of insurance. Some focus on distribution, using new technology to reach consumers that traditional insurers miss. Others, like SynerScope, are looking at analytics, helping insurers to use data to make better underwriting decisions. Blockchain — the technology that underpins bitcoin — is increasingly popular, while health insurance has been a big area of start-up activity in the US. Nor have start-ups ignored the potential of the “internet of things” — the growing use of data-collecting devices in everyday items, from cars using telematics systems to connected homes.” (FT, October 3, 2016)

The Financial Times has an average daily readership of 2.2m. The world edition has a daily circulation of over 200k. According to the Global Capital Markets Survey, which measures readership habits amongst most senior financial decision makers in the world’s largest financial institutions, the Financial Times is considered the most important business read.

Click on the image to read the report:

SynerScope demonstrates the power of Artificial Intelligence for Insurers

October 4, 2016 The Netherlands –

This week data analytics specialist SynerScope will use Insurance Analytics Europe in London to showcase the enormous potential of Artificial Intelligence-driven applications for the insurance industry.

The Internet of Things is creating an unprecedented volume of information which threatens to overwhelm conventional means of analysis. Together with AI computing company NVIDIA, SynerScope is using a branch of Artificial Intelligence called Deep Learning to unlock the ‘black box’ of data and exploit its potential to help the insurance industry make better underwriting decisions. SynerScope is used to looking beneath the surface. Its background is in MRI scanning and equipment of the kind used to look beneath the layers of paint on old masters’ artwork. Now SynerScope is applying its expertise to the growing volumes of data that insurers collect and turning them into actionable insights like reducing claims and preventing accidents. (see FT article October 3, 2016)

SynerScope is using the NVIDIA DGX 1, designed as a ‘plug and play’ deep learning supercomputer in a box, to accelerate Deep Learning for the insurance world. Deep Learning, which teaches computers to solve problems and find meaning by training them with huge amounts of data, is replacing handcrafted features with efficient algorithms for unsupervised or semi-supervised feature learning and hierarchical feature extraction.

The end-goal for SynerScope is help insurers open up their data lake through the application of deep learning as a compliment to their staff’s expertise.

Alastair Houston, Financial Service Industries Sales Manager at NVIDIA, said: “Across the world, industries seeking to realise the potential of Deep Learning are converging on NVIDIA’s computing platform. Now, by partnering with SynerScope at Insurance Analytics Europe, our aim is to educate the insurance sector about the game-changing impact deep learning can have, uncovering valuable insights which would otherwise lie undiscovered in their data lakes.” 

By combining NVIDIA’s deep learning compute platform with its applications for the insurance industry, SynerScope is eliminating the need for substantial data cleaning and data modelling and ensuring efficiency in creating insight. For further information please see SynerScope at booth 10 at the event.

 

About SynerScope

SynerScope, the next generation platform that provides analytics solutions to help discover critical insights from massive amounts of data, including dark data, and turning it into useful information and insights.

SynerScope combines Scientific Visualization Technologies (MRI scanner), ultrafast predictive analytics and machine learning on top of its proprietary enterprise data navigation, -search and -linking.

SynerScope’s offering is delivered through a tight integration of technologies. Its unique back-end software called Legato 2.0, parses the data sources in an instant at scale to provide a head-start to any analytics projects by providing a coherent overview. It works equally well with data where no reliable data-scheme is available. From Legato 2.0 we ingest the data into our front-end software Marcato 4.0, it’s screens designed for collaborative discovery from raw data.

This technology stack provides enterprises high speed detection of abnormal behaviours and anomalies in complex data. SynerScope operates in the following sectors: Banking, Insurance, Critical Infrastructure, and now also in Cyber Security. Learn more at Synerscope.com.

SynerScope has strategic partnerships with NVIDIA, Hortonworks, IBM, Dell, SAP.

 

Media contacts

Toby Walsh

+44 777 337 4545

toby@twpr.co

 

Marieke Beijsens

+31 (0)6 2364 4933

marketing@synerscope.com