How AI and Machine Learning Reinvigorate the Insurance Industry

 Like every other industry, data has also been the core of the insurance industry. Over the due course of time, what actually has changed is the amount of data and the speed at which machines are processing it for driving useful insights. Data-driven insights play a vital role in boosting this industry by making decisions based on facts, figures, and user patterns. Insurance providers adopt Artificial Intelligence (AI) & Machine Learning (ML) technologies to enhance the end-user experience, develop improved solutions for increasing operational efficiency, and build accurate underwriting models.

Defining Machine Learning

Machine Learning is an application of Artificial Intelligence technology that allows computer systems to deploy algorithms for learning and improving my experience. Such algorithms are used for building mathematical models which can be used as training data, allowing systems to make decisions & predictions.

AI & ML in Insurance Industry

AI and ML technologies make it easier for insurance providers to use the data at their desired pace and way. Many organizations in this industry have access to data that is usually structured and stored in databases. Driving insights out of unstructured data is becoming a major challenge for insurance providers. However, AI & ML technologies offer a lucrative opportunity to the insurance industry for gaining timely and actionable insights out of both- structured and unstructured data.

Read More>> | Artificial Intelligence

How Hybrid Cloud Boosts Digital Transformation

 To stay afloat in today’s competitive world, businesses of all sizes must follow the Agility and Innovation mantras. These are proven formulas that can help businesses achieve multi-fold success. Prospective and existing customers continuously seek for different offerings. This is why businesses are looking to create more agile solutions that allow changes to take place quickly and cost-effectively. Earlier, there were product releases and upgrades on a prolonged basis. However, such advanced technologies facilitate innovation regularly, ensuring companies modify their products and services quickly.

For companies to address these changes at faster rates, they require an infrastructure that is Scalable and Secure, which can be adapted as per user demands. Usually, a Hybrid Cloud infrastructure is increasingly becoming the best possible solution, though the choice of a Cloud model depends on the data and applications that a business has. Digital Transformation has become a basic business requirement for businesses today since they continuously innovate their business & operation models.

Why Hybrid Cloud

Hybrid Cloud Solutions can be a great option to consider as it offers cost-effective deployment and high data flexibility. Usually, businesses have a large number of applications that use Public and Private Cloud hosting. By deploying a Hybrid Cloud, they get the benefits of the other two Cloud hosting models. Besides enhancing a business’ digital strategy at minimal costs, Hybrid Cloud hosting also ensures seamless migration of applications and data from one Cloud platform to another. Security concerns are also easily addressed by Hybrid Cloud, as it allows business heads to store some portion of their data on-premise and the remaining over a Cloud platform. Henceforth, Hybrid Cloud offers the best security of Private Cloud hosting while ensuring the Scalability of a Public Cloud.

Key Factors for Choosing Hybrid Cloud

Data Governance laws and security is also an important consideration in case of a Hybrid Cloud. Businesses must identify all the data storage locations and categorize them as per their sensitivity. Once the data has been classified on a sensitivity basis, the next task is to decide where it will be stored, on-premise or a Hybrid Cloud. With Hybrid Cloud hosting, Cloud providers ensure well-defined data privacy policies, usually deployed through encryption-based mechanisms. Encryption provides data that remains protected at all stages, in motion or at rest.

Automation is playing a significant role in Hybrid Cloud. Verification of compliances and regulations is a highly manual job, which makes it susceptible to errors. With business workloads present at their premises, keeping track of all this becomes challenging and complex. With a Hybrid IT environment, automation paves the way for ensuring security, compliance, and most importantly, optimization challenges are correctly addressed.

Hybrid Cloud technology is highly effective when built on open-source products. This type of Cloud offers easier integration across different Cloud hosting environments, ensuring software performs in a similar manner. Open source platforms allow applications and data to move across multiple Cloud platforms easily. The flexible Hybrid Cloud architecture is based on an open architecture, allowing customers to adopt agile methodologies for bettering collaboration & boost application delivery.

Hybrid Cloud also has a major role in simplifying the management of applications that might be virtually present at different locations. It serves as a single platform that allows companies to improve the deployment flexibility of every solution. Using a Hybrid Cloud server, the portability of workloads makes a business’s digital strategy get more cost-effective. Hybrid Cloud hosting providers offer expertise to their clients and help them deploy & manage Hybrid Cloud architecture with the least number of complexities.

Hybrid Cloud Computing offers interoperability across two Cloud Computing models, thereby enabling orchestration across different Cloud models. The seamless orchestration makes it easier for the end-user to manage the workloads to travel between the Cloud models easily. A correctly implemented Hybrid Cloud serves a single operational model across different Cloud Computing environments.

Concluding Remarks:

To be a part of the modern-day competition, businesses across industries are rapidly opting for digital transformation to develop innovative solutions that their target customers can use. By devising a Hybrid Cloud strategy, Cloud providers can control the unwanted overheads and gain enhanced data flexibility.

How AI and Machine Learning Reinvigorate the Insurance Industry

 Like every other industry, data has also been the core of the insurance industry. Over the due course of time, what actually has changed is the amount of data and the speed at which machines are processing it for driving useful insights. Data-driven insights play a vital role in boosting this industry by making decisions based on facts, figures, and user patterns. Insurance providers adopt Artificial Intelligence (AI) & Machine Learning (ML) technologies to enhance the end-user experience, develop improved solutions for increasing operational efficiency, and build accurate underwriting models.

Defining Machine Learning

Machine Learning is an application of Artificial Intelligence technology that allows computer systems to deploy algorithms for learning and improving my experience. Such algorithms are used for building mathematical models which can be used as training data, allowing systems to make decisions & predictions.

AI & ML in Insurance Industry

AI and ML technologies make it easier for insurance providers to use the data at their desired pace and way. Many organizations in this industry have access to data that is usually structured and stored in databases. Driving insights out of unstructured data is becoming a major challenge for insurance providers. However, AI & ML technologies offer a lucrative opportunity to the insurance industry for gaining timely and actionable insights out of both- structured and unstructured data.

Read More>> | Artificial Intelligence

Digital Transformation Paves the Way for the Finance Industry

 With the outbreak of COVID-19, Digital Transformation has created an overwhelming buzz across the business world including the BFSI sector. Digital players in the finance industry have resolved the customer’s struggle to get access to the funds. Technological innovations have paved the way for new services disrupting the traditional ones.

Transforming the traditional banking processes, fintech has emerged to be the most effective lending channel. Easing the common person’s struggle to get access to funds, fintech has unlocked various opportunities to trap the huge volumes of substantial customer databases leading to a strong digital foundation.

India being one of the fastest-growing economies, Fintech platforms are scaling up at a greater position. Delivering a wide range of market opportunities for both innovative and traditional lenders, the new-age lending platforms have catered to a large segment of online banking customers.  

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Brace Yourselves for the Upcoming Cybersecurity Trends

2018 is coming to an end, and as usual, the arena of cybersecurity is having some new trends coming up. As digital threats are also getting up to a new level, we need security experts to adopt and implement future solutions.

Now, the trends like AI, Biometrics, and IoT have been there as always, but these are evolving to a new level every year which is impacting the related sectors. Further, the zero-trust model and GDPR compliance related legislation are in a boom.

Upcoming Cybersecurity Trends for 2019

Identity management, application improvement, and creating efficient and intelligent threat-management solutions are some of the areas where AI is expanding the cybersecurity arena.

2018 has been a great year for the capital funding of cybersecurity projects. This October 2018 saw an investment of $3.3 billion. Investors are willing to splurge more into this technology as well as security is the crucial concern of every industry.

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Indian Data Centers’ Expansion and Growth

 

Data Center Market in India

In recent years, the Data Center market in India has witnessed robust growth due to Advanced Technologies’ broad adoption for creating digitally intelligent enterprises. Every industry vertical is adopting and taking advantage of this technology for driving their growth and combat competitiveness. India is the second-fastest emerging digital economy with multiple new initiatives undertaken by Government Institutions, Banks, and Enterprises, which generate a huge volume of data. With such vast volumes of data being generated, the question of Data Security emerges too. Hence, as a result, the industry leaders have shifted their focus towards the state-of-the-art Data Center facilities in India for securely storing their data.

Demand for Data Localization and the emergence of indigenous Cloud & Data Center providers like ESDS has driven the growth of Data Centers in India. Additionally, migrating critical databases, applications, and other data along with the usage of virtualization technologies have increased the demand for Data Center Services in India.

India is the upcoming biggest Data Center market with multiple reasons contributing to it. With technological advancements taking place, setting up Data Centers becomes challenging due to distance, operations, security risks, and higher operating costs.

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ERP License and SaaS Cloud Subscription – Pros and Cons

 WHAT IS ENTERPRISE RESOURCE PLANNING (ERP)?

Enterprise resource planning (ERP) is one of the productivity-enhancing applications used by businesses. Every manufacturer needs ERP to automate their workflow by linking all departments and ensuring improved profits through operational productivity and cost control. When it comes to ERP in today’s world, you have a lot of choices – not just in terms of vendors and products, but also in terms of how the program will be approved and deployed.

One critical decision is whether to use cloud-hosted ERP or install the application on-premise on your own servers (or third party hosted servers). Each of these alternatives has its own set of advantages and disadvantages. Financial considerations, functionality, security concerns, personal preference, or a combination of these factors can influence your deployment decision.

WHAT IS THE DIFFERENCE BETWEEN CLOUD ERP vs ON-PREMISE ERP?

The primary distinction between these ERP solutions is the method of deployment. Cloud ERP bases on the cloud and is typically provided directly from the ERP publisher or its hosting partner (online host and typically accessed via a secure web browser or online login). Instead of installing ERP on your servers and machines, it will be hosted by the provider, and your business will access it through a mobile app, a web browser, or both.

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Why has my site been blacklisted by Google?

 What does Blacklisting mean?

 
Blacklisting of the website takes place when a website has been removed from their index by the search engine. Generally, there are individuals who are responsible for maintaining websites, called Webmasters and they pay attention to all such banned websites. It is necessary to pay attention because a website loses about 95 percent of its traffic if blacklisted. It also has a huge impact on profit generation and sales of the enterprises. Are you worried about your website too? ESDS has a solution for you. You can check your domain’s blacklisting status with ESDS’ VTMScan. ESDS VTMScan will check for blacklisting status as well as for all the malware intrusions.

When do domains get blacklisted?

Websites get banned when certain irregularities are found on the website and they are generally assumed to be a Malware. A website can be hacked in various forms such as trojans, phishing attacks, email spamming and even scraping information. A lot of times even the domain owners are not attentive about their own sites being hacked. Search engines such as Google, Bing, etc generally do not show harmful results. This is done in order to retain customers at the same time it is made sure that user’s computers are kept away from all the harm.

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Cloud Compliances – The Modern-Day Success Mantra

After going through the topic, one might wonder how Cloud-based compliances have a role to play in the success of an organization. Read the upcoming section to understand why Cloud compliances are considered the modern-day success mantra for any organization.

Ensuring Cloud compliances has been a significant challenge for many organizations. The inevitable demand for Cloud compliances rises as soon as a user migrates his critical data and applications to cloud hosting. Earlier, the Cloud Service Providers or CSPs didn’t throw weight on the data security or whether they aligned to industry compliances and regulations. Their main focus centered around offering data storage in the Cloud to the end-users. With the increasing demand for strict data laws across nations, Cloud Service Providers are now offering their Cloud hosting services in line with the latest industry compliances.

Determining Success with Cloud Compliances

1. Well-Defined Understanding of Regulations and Guidelines

A critical aspect of Cloud Computing involves various industry standards and regulations that everyone must adhere to. These regulations can be local, national, or even globally accepted ones. The local and national compliances may be true for a particular nation or group of nations, but the global ones need to be mandatorily followed. With advancements in technologies, CSPs are dealing with Cloud Compliances through expert teams. Such dedicated compliance teams ensure all compliance requirements of a business are met.

From the user’s perspective, he must be well aware of compliance policies and procedures. User’s CSP needs to be consistently compliant with the latest standards and must have all the supporting documents for these compliances and standards.

2. Restricting Access Controls

The absence of improper authentication and privileged access often become the primary source of data breaches taking place within an organization. MFA or Multi-Factor Authentication strategies are often apprehended as complicated and time-consuming. Advanced security mechanisms like MFA can be highly beneficial in avoiding all major security threats. Single Sign-On or SSO is a convenient option to consider but can also elevate hacking chances if the user credentials are compromised or hacked.

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Secure Your Web Applications Against Online Threats with eNlight WAF

 Cyber-attackers are constantly targeting user web applications and websites with the ill intent to gain access to sensitive business information. These increasing numbers of data breaches have kept the top-management, and other business decision-makers worried. To avoid all such losses, ESDS has developed eNlight WAF, a specially-engineered & first of a kind Cloud-hosted WAF. This Cloud-hosted WAF filters out all the incoming and outgoing web traffic by restricting malicious threats like SQL Injections, Cross-Site Scripting (XSS) Attacks.

eNlight WAF allows the users to create their own rules for blocking all web attacks with minimal latency towards page response. eNlight WAF ensures source IP reputation and blocks all blacklisted, spammer and TOR networks. It is a highly cost-effective secure solution that allows users to pay only for utilized resources like CPU, Bandwidth and RAM.

Salient Features of eNlight WAF

·         Virtual Patching

ESDS eNlight WAF generates a set of rules for rectifying the identified vulnerabilities from an uploaded vulnerability scanner report

·         Backed by Machine Learning

Using mathematical algorithms, eNlight WAF uses an approach for learning and modeling typical traffic along with detection of any abnormal requests

·         Anomaly Detection

Anomaly detection is integrated with eNlight WAF that allows the system administrators to identify any form of risky behavior and accordingly develop effective filtering policies

·         Load Distribution

Using the HA-Proxy, eNlight WAF distributes all of the incoming traffic across several nodes present in the cluster, which is then dispatched to a farm of web servers

·         Secure Applications and Websites

Users can add multiple applications and websites using customized configurations. A simple and easy-to-understand dashboard helps in easy setup and management of web assets with ease

Value-Added Benefits of eNlight WAF

·         Auto-Scalable WAF Solution- eNlight Cloud, the world’s first dual-patented Cloud hosting platform, supports eNlight WAF, which allows scalability of applications as per demand

·         Auto Protection- Auto protection protects user’s websites against OWASP Top-10 Vulnerabilities and other online threats. The user needs to add his IP or subnet for granting/denying access to any website

·         Cost-Effective Solution- With eNlight WAF, there is no need for any additional hardware or applications as it works on a pay-per-use model

·         Enhanced Protection Against Browser Hacking- With eNlight WAF, users can terminate their SSL connection without incurring much overheads or latency

Leverage eNlight WAF today and secure your critical data hosted on websites and web applications against all online threats and vulnerabilities.