Deriving benefits of cloud computing with elastic scalability, automation and optimized consumption

With blockchain finding space across more applications, expectations are high in this year with blockchain claiming a seat in the most adoptable trends like IoT and AI. Virtusa offers a blockchain service vehicle to allow enterprises to build their own networks and smart applications. Some of the services offered are

1. Premium Leakage Management – With this solution, insurers on blockchain can access and verify the no claim bonus applicable for the policyholder in real-time. It provides permanent and immutable storage of records. This also enables the opportunity for an insurer to earn money by allowing other insurers to verify the no claim bonus in real-time on blockchain network. It can avoid the expensive and long drawn recovery or policy cancellation process for wrong no claim bonus declarations
2. Global Broker – The solution towards transparency, efficiency and accuracy- A private blockchain setup to reconcile the revenue sharing between teams operating within a country, and at the international re-insurance market as well as other stakeholders of the supply chain. The solution enables instant revenue sharing across the globe using smart contract, Reduce expenses, provides immutable audit trail, improved transparency to build trust in the insurance supply chain

Cloud computing has enabled enormous data processing capacity which is powering data science, IOT solutions etc.

Virtusa has built industry and technology focused data driven cloud solutions including voice enablement of business processes, image recognition & object detection, name entity extraction/ ingestion platform and fraud/ intrusion detection

Virtusa platform engineering is a cloud based end-to-end development and deployment environment for fintech, insuretech, AI, IOT, and blockchain solutions. The platform’s containers enable you to play with the solutions as well as delivering cloud-enabled enterprise applications. The platform provides scalable, elastic, secure infrastructure; development and testing tools/ environments and tools to monitor and manage the solutions. Platform based container orchestration ensures automated arrangement, coordination, and management of software containers.

Cloud based Intelligent IoT platform helps unlock  business insights from your physical assets. Virtusa Cloud IoT platform is a set of fully managed and integrated services that allow you to easily and securely connect, manage, and ingest IoT data from large number of physical sensors. The platform provides necessary security, scalability, process orientation and real time data visualization dashboard, AI based business insights. This enables real time tracking, understanding and decision making