STOCK TITAN

CCC Intelligent Solutions Named Winner of 2024 AI Breakthrough Award

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
AI

CCC Intelligent Solutions Inc. (CCCS), a leading cloud platform for the P&C insurance economy, has been awarded the 2024 AI Breakthrough Award for "Best Overall Computer Vision Solution". This recognition highlights CCC's innovative use of AI in the auto insurance and repair industry.

CCC's AI-powered solutions utilize over 300 AI models incorporating computer vision, natural language understanding, and deep learning to streamline operations and digitize assessments. The company's technology helps address industry challenges such as labor shortages, inflation, and increasing vehicle complexity.

Recently, CCC introduced the CCC Intelligent Experience (IX) Cloud™ platform, which enhances existing cloud applications and workflows with proactive insights and AI-driven innovations. Since introducing its first AI solution for vehicle damage assessment in 2013, CCC's AI-powered solutions have been adopted by over 100 auto insurance companies and thousands of collision repair operators.

CCC Intelligent Solutions Inc. (CCCS), una delle principali piattaforme cloud per l'economia delle assicurazioni P&C, ha ricevuto il 2024 AI Breakthrough Award per la "Migliore Soluzione di Visione Computerizzata Complessiva". Questo riconoscimento sottolinea l'uso innovativo dell'IA da parte di CCC nel settore delle assicurazioni auto e della riparazione.

Le soluzioni basate su IA di CCC utilizzano oltre 300 modelli di IA che integrano visione computerizzata, comprensione del linguaggio naturale e deep learning per semplificare le operazioni e digitalizzare le valutazioni. La tecnologia dell'azienda aiuta a fronteggiare le sfide del settore come la carenza di manodopera, l'inflazione e l'aumento della complessità dei veicoli.

Di recente, CCC ha introdotto la CCC Intelligent Experience (IX) Cloud™ platform, che migliora le applicazioni cloud esistenti e i flussi di lavoro con intuizioni proattive e innovazioni guidate dall'IA. Dal lancio della sua prima soluzione IA per la valutazione dei danni ai veicoli nel 2013, le soluzioni basate su IA di CCC sono state adottate da oltre 100 compagnie di assicurazione auto e migliaia di operatori di riparazione collisioni.

CCC Intelligent Solutions Inc. (CCCS), una de las principales plataformas en la nube para la economía de seguros P&C, ha sido galardonada con el 2024 AI Breakthrough Award por la "Mejor Solución de Visión por Computadora en General". Este reconocimiento resalta el uso innovador de la IA por parte de CCC en la industria de seguros y reparaciones de automóviles.

Las soluciones impulsadas por IA de CCC utilizan más de 300 modelos de IA que incorporan visión por computadora, comprensión del lenguaje natural y aprendizaje profundo para optimizar operaciones y digitalizar evaluaciones. La tecnología de la empresa ayuda a abordar desafíos de la industria como escasez de mano de obra, inflación y creciente complejidad de los vehículos.

Recientemente, CCC presentó la CCC Intelligent Experience (IX) Cloud™ platform, que mejora las aplicaciones en la nube y flujos de trabajo existentes con ideas proactivas e innovaciones impulsadas por IA. Desde la introducción de su primera solución de IA para la evaluación de daños en vehículos en 2013, las soluciones impulsadas por IA de CCC han sido adoptadas por más de 100 compañías de seguros de automóviles y miles de operadores de reparación de colisiones.

CCC Intelligent Solutions Inc. (CCCS)는 P&C 보험 경제를 위한 선도적인 클라우드 플랫폼으로, "최고의 종합 컴퓨터 비전 솔루션" 부문에서 2024 AI Breakthrough Award를 수상했습니다. 이 인식은 CCC의 자동차 보험 및 수리 산업에서의 혁신적인 AI 활용을 강조합니다.

CCC의 AI 기반 솔루션은 300개 이상의 AI 모델을 활용하여 컴퓨터 비전, 자연어 이해 및 딥러닝을 통해 운영을 간소화하고 평가를 디지털화합니다. 이 회사의 기술은 인력 부족, 인플레이션 및 차량 복잡성 증가와 같은 산업의 도전에 대응하는 데 도움을 줍니다.

최근 CCC는 기존 클라우드 애플리케이션과 워크플로우를 능동적인 통찰력 및 AI 기반 혁신으로 향상시키는 CCC Intelligent Experience (IX) Cloud™ 플랫폼을 소개했습니다. 2013년 차량 손상 평가를 위한 첫 번째 AI 솔루션을 도입한 이후, CCC의 AI 기반 솔루션은 100개 이상의 자동차 보험 회사와 수천 개의 충돌 수리 운영자에 의해 채택되었습니다.

CCC Intelligent Solutions Inc. (CCCS), une plateforme cloud leader pour l'économie des assurances P&C, a remporté le 2024 AI Breakthrough Award pour la "Meilleure Solution Globale de Vision par Ordinateur". Cette reconnaissance souligne l'utilisation innovante de l'IA par CCC dans le secteur de l'assurance automobile et de la réparation.

Les solutions alimentées par l'IA de CCC utilisent plus de 300 modèles d'IA intégrant la vision par ordinateur, la compréhension du langage naturel et l'apprentissage approfondi pour rationaliser les opérations et numériser les évaluations. La technologie de l'entreprise aide à relever les défis du secteur tels que la pénurie de main-d'œuvre, l'inflation et la complexité croissante des véhicules.

Récemment, CCC a introduit la CCC Intelligent Experience (IX) Cloud™ platform, qui améliore les applications cloud et les flux de travail existants avec des idées proactives et des innovations pilotées par l'IA. Depuis l'introduction de sa première solution IA pour l'évaluation des dommages aux véhicules en 2013, les solutions alimentées par l'IA de CCC ont été adoptées par plus de 100 compagnies d'assurance automobile et des milliers d'opérateurs de réparation de collisions.

CCC Intelligent Solutions Inc. (CCCS), eine führende Cloud-Plattform für die P&C-Versicherungswirtschaft, wurde mit dem 2024 AI Breakthrough Award für die "Beste Gesamtlösung für Computer Vision" ausgezeichnet. Diese Auszeichnung hebt CCCs innovative Nutzung von KI in der Automobilversicherungs- und Reparaturbranche hervor.

Die KI-gestützten Lösungen von CCC verwenden über 300 KI-Modelle, die Computer Vision, natürliche Sprachverständnis und Deep Learning integrieren, um Abläufe zu optimieren und Bewertungen zu digitalisieren. Die Technologie des Unternehmens hilft, Herausforderungen der Branche wie Fachkräftemangel, Inflation und steigende Fahrzeugkomplexität zu bewältigen.

Kürzlich stellte CCC die CCC Intelligent Experience (IX) Cloud™ Plattform vor, die bestehende Cloud-Anwendungen und -Workflows mit proaktiven Einsichten und KI-gesteuerten Innovationen verbessert. Seit der Einführung seiner ersten KI-Lösung zur Schadensbewertung von Fahrzeugen im Jahr 2013 wurden CCCs KI-gestützte Lösungen von über 100 Autoversicherungsunternehmen und Tausenden von Karosseriebauern übernommen.

Positive
  • None.
Negative
  • None.

Pioneering AI Leader for the P&C Insurance Economy Recognized for Excellence in Computer Vision

CHICAGO--(BUSINESS WIRE)-- CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today that it has been recognized with a 2024 AI Breakthrough Award for “Best Overall Computer Vision Solution.” In its seventh year, the annual awards program conducted by Tech Breakthrough recognizes the world’s most innovative companies, technologies and products in the AI industry today.

“CCC is honored to be acknowledged for our work in AI, specifically for computer vision. Our AI-powered solutions analyze and assess vehicle damage photos for any make and model, helping speed up the automotive claims and repair process," said John Goodson, chief product and technology officer at CCC. “This award underscores our commitment to helping our customers deliver intelligent experiences and leveraging advanced AI to tackle industry challenges like labor shortages and increasing vehicle complexity.”

CCC is a leader in AI-powered solutions for the auto insurance and repair industry. Its broad solution offering applies more than 300 AI models that leverage computer vision, natural language understanding and deep learning, to improve customer interactions, streamline operations, and digitize assessments across estimating, casualty and subrogation.

“The auto insurance and collision repair industries are facing challenges that include workforce shortages, inflation, supply chain issues, increasing vehicle complexity and rising consumer expectations. These factors have led to a significant increase in repairable, total loss, and casualty claim cycle times and costs,” said Steve Johansson, managing director, AI Breakthrough. “CCC is tackling these challenges head-on. We’re proud to award them with ‘Best Overall Computer Vision Solution.’ With their proven AI and technology, CCC is driving the industry's next evolution by helping companies make earlier decisions, streamline processes and support teams facing labor shortages.”

CCC recently introduced the CCC Intelligent Experience (IX) Cloud™ platform that will bring intelligent experiences to life through a new event-driven architecture that overlays onto CCC's existing cloud applications, customer workflows, and customer and partner systems. This microservices-based approach will proactively provide additional insights about business events, infuse the latest AI into workflows and cascade innovation across customer operations.

​CCC introduced its first AI solution for vehicle damage assessment in 2013 and has since developed a powerful offering of AI-powered solutions which have been adopted by more than 100 auto insurance companies and thousands of collision repair operators.

​Visit cccis.com/ai to learn more about the company's AI-enabled solutions.

About CCC

CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading cloud platform for the multi-trillion-dollar P&C insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at www.cccis.com.

About AI Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including Generative AI, Machine Learning, AI Platforms, Robotics, Business Intelligence, AI Hardware, Computer Vision and more. For more information visit AIBreakthroughAwards.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future use and performance of CCC’s digital solutions. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, competition, including technological advances and new products marketed by competitors; changes to applicable laws and regulations; and other risks and uncertainties, including those included under the header “Risk Factors” in CCC’s filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K filed February 28, 2024, which can be obtained, without charge, at the SEC’s website (www.sec.gov). The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

CCC Media Contact: Laura Weber

lweber@cccis.com | 773.960.7144

Source: CCC Intelligent Solutions Inc.

FAQ

What award did CCC Intelligent Solutions (CCCS) win in 2024?

CCC Intelligent Solutions (CCCS) won the 2024 AI Breakthrough Award for "Best Overall Computer Vision Solution".

How many AI models does CCC Intelligent Solutions (CCCS) use in its solutions?

CCC Intelligent Solutions (CCCS) applies more than 300 AI models in its solutions, leveraging computer vision, natural language understanding, and deep learning.

What new platform did CCC Intelligent Solutions (CCCS) recently introduce?

CCC Intelligent Solutions (CCCS) recently introduced the CCC Intelligent Experience (IX) Cloud™ platform, which enhances existing cloud applications and workflows with AI-driven innovations.

When did CCC Intelligent Solutions (CCCS) introduce its first AI solution for vehicle damage assessment?

CCC Intelligent Solutions (CCCS) introduced its first AI solution for vehicle damage assessment in 2013.

How many auto insurance companies have adopted CCC Intelligent Solutions' (CCCS) AI-powered solutions?

More than 100 auto insurance companies have adopted CCC Intelligent Solutions' (CCCS) AI-powered solutions.

CCC Intelligent Solutions Holdings Inc.

NASDAQ:CCCS

CCCS Rankings

CCCS Latest News

CCCS Stock Data

7.64B
420.83M
3.9%
99.63%
2.74%
Software - Application
Services-prepackaged Software
Link
United States of America
CHICAGO