AudaExplore, a company offering applications to insurance carriers, repairers, dealerships, fleet owners and suppliers, has released its Predictive Analytics Solution and Decision Science Platform.
The predictive product is part of AudaExplore’s Decision Science Platform, which uses data to predict business outcomes and offer insights. The Predictive Analytics Solution is integrated with AudaExplore Estimate Check. It is a real-time, data-driven application that uses algorithms to automate business processes. These can increase efficiency and productivity.
The Decision Science Platform includes mobile access and visualization tools that make spotting trends easier. It currently offers estimating analysis for partial and total loss; parts and labor analysis to manage quality and costs; and repair analytics to understand DRP performance. The application also can predict when external sheet metal parts should be replaced, vs. repaired. AudaExplore models suggest that more than 20 percent of bumper covers and hoods that are replaced could, instead, be repaired.
The applications use 40 years of vehicle ownership experience and knowledge to help reduce gaps in the decision-making process, said AudaExplore. Accurately automating the process will allow customers to be efficient and improve service to their customers, the company added.
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