Slice Labs Inc., the insurance engine leading tomorrow’s cloud-based, on-demand digital services ecosystems, recently announced Slice Mind, a new business unit of Slice, powered by an insight engine to help companies with personalization, experimentation, simulations, predictions, risk modeling, and product recommendations.

Slice Mind combines AI, machine learning and behavioral psychology into an engine that transforms data insights into actions in order to deliver real business value and advantage for companies looking to future proof themselves.

A May 2018 Celent report, Digitizing the Customer Experience: A New Framework, mentions the importance of effective use of data. Data is more readily available than ever and can be used to drive a personalized relationship with customers. However, coordinating data across multiple channels, combining internal and external data to deliver a personalized transaction and continually engaging with the customer in meaningful ways will require digital capabilities.

Slice Mind provides companies with actionable recommendations that will help protect and grow their business through simulations, predictions, experiments, nudging and personalization. Available to both Slice Insurance Cloud Services (ICS) users and the general public, Slice Mind will enable companies and their customers be better protected against risk due to its ability to predict potential claims, among other capabilities.

Slice Labs’ CTO, Stu Baserman joins me on my daily tech podcast to dive deeper into the tech behind Slice Mind and how the insight engine works.