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Nitin Purohit

Nitin Purohit

Nitin is CTO and co-founder at Aureus. With over 15 years of experience in leveraging technology to drive and achieve top-line and bottom-line numbers, Nitin has helped global organizations optimize value from their significant IT investments. Over the years, Nitin has been responsible for the creation of many product IPs. Prior to this role at Aureus, Nitin was the Global Practice Head for Application Services at Omnitech Infosolutions Ltd and was responsible for sales and profitability of offerings from application services across geographies.

Recent Posts:

AI Lessons From a Mind Master and a Grandmaster

Chess and similar games have always been used to measure the “intelligence” of machines. Chess grandmasters have always seen an able sparring partner in a good chess engine running on a capable computer. The positional evaluation, which comes by intuition and is honed and sharpened by unforgiving hours of grueling practice, can be expressed as a set of mathematical models that fast computers can use to create gameplay.

What’s in an Algorithm Name?

Data Science Willy, as mentioned in a previous blog, is the Data Science cousin of William Shakespeare, and he loves to use and abuse terms and concepts from the literature of his great cousin to drive home points related to Data Science. More often than naught, he is annoying in being reverential. For instance, Data science Willy would be at absolute loggerheads with literature’s The Great William Shakespeare over the question “What’s in a name?”, especially if we look at “What’s in an algorithm?” or “What’s in an algorithm’s name?”. What’s in a name? Literature Will quipped this very question via Juliet. Juliet, we know, is in love and is finding philosophical means to ignore the raging conflict of being in love with a member of a family with whom her family has been in blood and animosity drenched feud.

To Correlate or Not to Correlate: The Question When Finding Multiple Variables

When William Shakespeare wrote “To be or not to be” for Prince Hamlet to speak and express his contemplation for embracing the universal truth; little did he know that he would be quoted in various different contexts for different types of effects. A coward soldier saying; “to flee or not to flee”; a conniving trader evaluating an unsuspecting customer; “to fleece or not to fleece”; the colonial masters strategizing their exit; “to free or not to free”. And as guessed by you; a data scientist upon stumbling on a couple of interesting variables; “to correlate or not to correlate”.

How Event-Driven Processes are Used to Measure Customer Experience

Companies design application processes to provide the best possible experience for their customers. These processes rely on application and customer-originated events to function. These events and their outcome form the basis of the customer’s experience. Therefore, event-driven philosophy is an ideal way for companies to measure customer experience.

Stream-based Data Integration – No Formatting Required

One of the challenges insurers face when implementing any new cloud-based application into their workflow is the integration of both internal and external data. Gaining access and permission to use internal data can be the first hurdle. Adding the requirement to format the data in a specific format can be a show-stopper.

Cheers to Stream-based Data Integration...and to Never Losing a Byte!!

Enterprise applications belong to a vibrant ecosystem and consequently the data they generate is large and varied. Enterprises both benefit and suffer from this nature of application and data.Whenever a new application is to be deployed in an enterprise that integrates with the applications in the ecosystem, the precondition is an 'expansive data definition with referential value' on day 1 to start integration. Traditionally, this approach to data integration involves identifying a target data structure, and force fitting data from all sources into it. This is done to ensure a 'seamless' integration - never mind the loss of data considered irrelevant.

    Related Posts

    Data and Innovation: 2 Sides of the Same Coin

    As we set our feet in 2023, having experienced a roller-coaster ride last year thanks to the geopolitical tensions and some lingering rub-off effects of COVID-19, it drives home that "change is the only constant." Like any other industry, insurance is undergoing paradigm changes at different levels, whether recruiting potential candidates or customer onboarding, to name a few. However, a common thread that ties the myriad business functions of an insurance company has been data and innovation. There has been an ever-increasing need for insurance providers to use data and embrace innovation in their routine activities, eventually to stand the cut-throat competition.

    Intelligent Risk Assessment in Insurance

    Risk Management is a core function within the insurance industry. It is a vital responsibility of the underwriting team. Insurance companies collect data scattered across different business units in various formats – some of which are paper and digital, most of which are typically unstructured. The underwriting team doesn't have immediate access to the information required for internal and external decision-making, resulting in delays in making decisions and costly mistakes.

    Why Does the Long-term Nature of Life Insurance Products Make Customer Retention Difficult?

    Most insurers offer similar products and services, which makes it challenging to attract new customers and retain them. As an industry, insurance is low-touch, and insurers seldom interact with their customers. A report shows that the top companies have an average customer retention rate of 93 - 95 percent, while insurance companies have an average of 84 percent.