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    Monetization and Productization of Data, Insights and Models

    EMLOps Insurance
    Read the Whitepaper

    Create new insights, products, and services

    Data is the heart of insurance and it holds the potential to identify and create new products and services.  The key is having a data science team that can quickly and effectively collaborate to innovate and experiment, then quickly productize promising data, models, and processes.

    Domino’s Enterprise MLOps platform makes it easy for the world’s largest insurers to gain deeper insights and quickly monetize data, models, and processes to create:

    • New digital products
    • New marketplaces
    • New customer segments
    • Cross/upsell improvements
    • Model and data marketplaces

     

    Why Domino for monetization and productization of data, insights, and models

    The Domino Enterprise MLOps platform fosters collaboration and innovation within data science teams, making it easy to gain deeper insights and quickly monetize data, models, and processes.

    High-impact models and analysis
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    Streamlined access to data
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    Reproducible analysis and models
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    Increased model velocity
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    workbench

    Innovate and expand across every line of business to improve competitiveness

    Domino helps you increase the volume and effectiveness of the models and analysis supporting every line of business to get to market with new products, services, and offers.

    Benefit

    • Data scientists and analysts easily collaborate to develop a high volume of high-quality models.
    • Innovate with the latest open-source algorithms for deep learning and other advanced AI and machine learning techniques. 
    • Attract and retain talent, and upskill teams more effectively with an environment as familiar as their local laptop.
    • One-click access to powerful machines with the most popular distributed frameworks, including Spark, Ray, and Dask, and GPUs, accelerates training workloads.
    data source1

    Easy access to data without compromising security and governance

    With Domino, you can easily work with and share data while complying with IT protocols, data security, and governance policies.

    Benefits:

    • Centrally establish connections to data wherever it lives.
    • Share data across teams without making copies.
    • Provide data context and metadata in a unified manner within and across departments or LOBs.
    • Maintain strict governance and control over sensitive data.
    • Effectively manage data with integrated version control.
    • Integrate with established company SSO and LDAP solutions.
    reproducibility2

    Easily reproduce and validate work, improving productivity

    Domino lets data scientists, actuaries, and model validators instantly recreate the environment used to create a model or analysis.

    Benefits:

    • Easily validate model results prior to deployment.
    • Reproduce any model with just a few clicks, regardless of the language used to create it.
    • Improve data scientist, actuary, and analyst productivity by automating the capture of all model assets.
    Model Monitoring - Data Drift

    Streamline and standardize data science processes

    With Domino, data scientists can develop, deploy, monitor, and manage models – all from a single platform. Models get into production faster with consistent deployment patterns and practices to rapidly respond to business needs, increase impact, and mitigate risks.  

    Benefits: 

    • Get models into production faster with consistent model deployment best practices and processes.
    • Monitor models for data drift, quality, and other critical health statistics.
    • Iterate quickly (and often) to maintain high-performing production models to mitigate risks and losses.
    • Integrate with Git and Jira to include data science into broader enterprise project processes.

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    by-industry-s2-insurance
    Case Study

    Pushing the Pedal in a Conservative Industry

    Learn how Allstate is able to quickly innovate while strengthening governance and regulatory compliance.  

     Read the case study

    Recommended resources

    Analyst Report
    542% ROI with Domino

    "Without Domino, getting a model into production was quite an involved process; let’s say that took us maybe four weeks after talking to everyone. Now it’s down to maybe a one-week process."

    Principal Consultant, Large Financial Service Organization

    Read the Forrester TEI Report
    Blog
    Data Science at ConTe.it and Admiral Group Europe

    ConTe.it/Admiral Group Europe is using machine learning to transform everything from how they price products for customers to how quickly they process claims.  With Domino they have been able to deliver €2 Million in incremental annual profit from model-driven insurance product recommendations alone.

    Read the blog
    Case study
    Giving Homeowners Answers About Insurance Coverage in Seconds

    Topdanmark, a large European insurance company, is infusing data science across its operations to provide consumers with a better, faster insurance experience.

    The company's model-driven workflows, built and deployed on the Domino Enterprise MLOps platform, have automated 65 percent of cases for approving new coverage and processing claims. Customers can now learn whether they have coverage in one to two seconds versus four days.

    Read the case study

    See why leading insurers run on Domino

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