Artificial Intelligence (AI) has become a game-changing technology in the recent years.
It has the potential to revolutionize the way businesses operate, automate mundane tasks, and extract insights from the complex data.
TuTeck Technologies, a leading software development company, is no exception!
In this blog, we will explore how TuTeck Technologies is leveraging the power of Artificial Intelligence to streamline the document processing and risk assessment, generating logos and assets mid-journey, explain legacy code, write better code, and automate tasks.
With the help of artificial intelligence technologies and Optical Character Recognition (OCR) methods in our upcoming AI platform IDocuSense to detect potential frauds in the domain of Financial Lending, Insurance (Underwriting & claims in specific) and health care.
Fraudulent activities in financial lending can have a significant impact on financial institutions, customers, and investors, resulting in financial losses, legal issues, and reputational damage. Fraud detection via IDocuSense can help in preventing mechanism, such as fraud analytics, fraud monitoring, and risk management frameworks, that can help, financial institutions identify and mitigate potential fraud risks.
Insurance fraud occurs when individuals or organizations intentionally deceive insurers to receive undeserved benefits or payments. This leads to increased insurance costs for everyone, decreased availability of insurance options, and decreased trust in the industry. IDocuSense can help detecting and preventing insurance fraud in maintaining the stability, affordability, and trustworthiness of the insurance industry.
Healthcare fraud occurs when individuals or organizations intentionally deceive healthcare programs, such as insurance companies or government-funded programs, for financial gain. IDocuSense can help healthcare providers and payers identify fraudulent activities and prevent them from harming patients and the healthcare system.
IDocuSense can extend data from documents such as salary statements and different ID cards like Aadhar, PAN, etc. It then labels and annotates the data and calculates risk based on the extracted information. The solution is powered by AI, which enables it to extract and analyze data with great accuracy, speed, and efficiency.
This not only helps in checking fraud cases but enhances and contributes to the data security helping businesses save time and resources while ensuring compliance with regulations and minimizing risks.
We also use Artificial Intelligence (AI) to generate assets using mid-journey.
This means that as the development team is building a product, the AI can generate logos and other assets that are optimized for the project, saving, both time and effort.
This definitely enhances the productivity of the creative team.
ChatGPT is another AI-powered tool that TuTeck uses to explain legacy code and write better code. With ChatGPT, developers can input code and receive explanations, suggestions, and insights on how to improve it.
The tool can also provide examples of industry-standard code to help developers ensure they are adhering to best practices.
TuTeck also uses AI to automate tasks such as creating table scripts from Excel files.
This helps save time and ensures accuracy, freeing up developers to focus on more complex tasks. By automating these tasks, TuTeck can improve efficiency and reduces the risk of errors.
TuTeck Technologies is leveraging the power of AI to enhance its services and products.
From document processing and risk assessment to asset generation and code improvement, as the technology continues to evolve, AI is making a significant impact on the company’s operations.
TuTeck Technologies is well-positioned to stay at the forefront of innovation and continue delivering cutting-edge solutions to its clients.