Iris Software recently displayed its prowess in artificial intelligence, the transformative technology that is becoming a game-changer across industries. An Iris team was ranked 2nd runner-up at the ‘30Hacks: Power of AI Hackathon’ in Noida, near New Delhi in May 2019. Two Iris teams were among the 27 that participated in the annual event, which is organized by the National Association of Software and Services Companies (Nasscom).
The innovative solution from Iris at the hackathon demonstrated how AI techniques could be used to validate conditions, assess outcomes and prescribe actions. Using a variety of ML models in a commonplace transaction such as an auto repair insurance claim, the solution was able to ascertain the type of vehicle and the extent of damage, prescribe the type of repair needed and assess its cost.
“The Nasscom win proves that the Iris AI/ML team can take on challenges in this area, and that it possesses the required technical skills to convert an idea into a workable solution,” says Abhishek Gupta, Head, Data Science (D&A Practice) at Iris Software, who led the teams that participated. When Iris teams score high at such competitions, it is testimony that they understand how to define a problem and how AI could be used to create the relevant solution.