CCC Intelligent Solutions Named Winner of 2024 Artificial Intelligence Excellence Award
01 May 2024 - 10:00PM
Business Wire
Innovative tech leader for the P&C
insurance industry recognized by Business Intelligence for Computer
Vision
CCC Intelligent Solutions Inc. (CCC), a leading cloud platform
powering the P&C insurance economy, announces today that it has
been recognized by Business Intelligence with a 2024 Artificial
Intelligence Award for its innovative use of computer vision. The
business awards program sets out to recognize those organizations,
products and people who bring artificial intelligence (AI) to life
and apply it to solve real problems.
“CCC is honored to receive recognition for our pioneering work
in AI, particularly in computer vision. With AI-powered solutions
that analyze and assess vehicle damage photos for any make and
model, we’re helping accelerate the automotive claims and repair
process,” said John Goodson, CCC’s chief product and technology
officer. “This recognition highlights our dedication to innovation
and leveraging advanced AI to help the industry tackle some of its
most pressing challenges, such as 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 a variety
of AI models, including computer vision, natural language
understanding, and deep learning, to improve customer interactions,
streamline operations, and digitize assessments across estimating,
casualty, and subrogation.
“We are truly honored to recognize CCC with this prestigious
award,” stated Maria Jimenez, chief nominations officer for the
Business Intelligence Group. “The unwavering commitment of their
team to excellence and their innovative AI applications have
catapulted them to this remarkable achievement. Congratulations to
the entire organization!”
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 more than 300 AI models,
many of which are applied and widely adopted across a range of
solutions for auto insurers and collision repairers.
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 Business Intelligence Group
The Business Intelligence Group was founded with the mission of
recognizing true talent and superior performance in the business
world. Unlike other industry award programs, these programs are
judged by business executives having experience and knowledge. The
organization’s proprietary and unique scoring system selectively
measures performance across multiple business domains and then
rewards those companies whose achievements stand above those of
their peers.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240501857968/en/
Media Contacts: Laura Weber CCC Intelligent Solutions
lweber@cccis.com 773.960.7144
Maria Jimenez Business Intelligence Group +1 909-529-2737
jmaria@bintelligence.com
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