Arity’s Vehicle Data Solutions tackle the challenges varied options suppliers encounter within the automotive and transportation markets, creating new income alternatives.
SAN ANTONIO, Sept. 21, 2022 /PRNewswire/ — Frost & Sullivan just lately researched the North American car information analytics trade, and based mostly on its findings, acknowledges Arity with the 2022 North American Vehicle Data Analytics Product Leadership Award. The firm collects and analyzes billions of miles of mobility information to assist all kinds of consumers make data-driven business selections and enhance their backside line and cut back prices. Arity’s options leverage information from a number of sources, offering correct insights and information analytics for clients to handle points comparable to figuring out the precise clients for insurance merchandise, monitoring driver habits for fleet operators, and managing stock and staffing for retailers.
Arity’s next-level information assortment expertise flawlessly collects driving information, together with journey data and behavioral insights, enabling it to seize driver profiles and tendencies. It works with OEM aftermarket suppliers to forecast retailer stock and staffing wants to make sure the earliest doable availability to restore car points as they come up. The firm’s aftermarket suppliers profit from the income from components replacements and excessive buyer satisfaction by way of swift repairs and minimal ready time. With an enormous quantity of driving information and environment friendly analytics functionality, Arity assists aftermarket gamers to forecast stock, maximizing market acceptance.
Jagadeesh Chandran, Industry Principal at Frost & Sullivan, stated “Arity’s access to nearly a trillion miles of mobility data and over 85-plus years of Allstate’s insurance claims and underwriting experience helps create accurate risk models and application of predictive analysis. Arity creates driver risk profiles and enables businesses to provide feedback directly to drivers so that they can be safer and smarter on the road.”
“Today, more than ever, businesses need efficient ways to improve their bottom line and better connect with customers,” stated Arity’s VP of Product, Peter Levinson. “As a company working to make transportation safer, smarter, and more useful for everyone, I am honored to be recognized for our unique capabilities in mobility data and analytics to do just that. This award recognizes that Arity’s solutions are critical to the success to businesses across the transportation industry, from insurance to auto manufacturers, cities and more.”
Arity IQ and Drivesight® insurance merchandise present superior worth. Arity combines layers of knowledge on driving habits for analytics and insights. Insurers can plug these insights into their mannequin to offer related merchandise at a extra correct value to their clients. It permits on the spot entry to precise driving habits insights on tens of millions of drivers and improves the loss ratio by over 50% on high-risk drivers and retention of much less dangerous drivers, serving to insurers ship aggressive costs at time of quote. Insurers can entry shoppers’ evolving car shopping for habits information over lengthy intervals to assist customise choices and decide the autos’ predictive worth. Arity additionally allows shoppers to make the most of their driving information when altering autos to acquire a brand new insurance coverage.
“With over a decade’s experience and broad data coverage, Arity helps customers develop efficient strategies to improve business and revenue opportunities while reducing operational costs. Its vehicle data solutions aid the business success of insurers and automotive and transportation industry participants,” added Chandran. For its robust general efficiency, Arity earns Frost & Sullivan’s 2022 Product Leadership Award within the North American car information analytics trade.
Each yr, Frost & Sullivan presents this award to the corporate that has developed a product with progressive options and performance that’s gaining speedy market acceptance. The award acknowledges the standard of the answer and the client worth enhancements it allows.
Frost & Sullivan Best Practices awards acknowledge firms in varied regional and world markets for demonstrating excellent achievement and superior efficiency in management, technological innovation, customer support, and strategic product growth. Industry analysts evaluate market members and measure efficiency by way of in-depth interviews, analyses, and intensive secondary analysis to determine finest practices within the trade.
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Arity is a mobility information and analytics firm that gives data-driven options to firms invested in transportation, enabling them to ship mobility companies which might be smarter, safer, and extra economical. Insurance firms, automobile producers, and cellular app publishers flip to Arity to higher perceive driving habits, handle threat, function extra safely and in the end enhance their backside line. The Arity platform is constructed on billions of miles of historic driving information from greater than 200 million connections and over a decade of information instantly from automobiles. Arity was based by The Allstate Corporation and launched in 2016.
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