Image Based Prediction For Vehicle Premium
Description
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed to be much more robust than what they are. They turned to WP consulting to improve their accounting systems.
challenge
- Business wanted to calculate the premium of the vehicle insurance based on the driver’s behavioral pattern while driving.
- Business data stored in the server needed to be analyzed.
solution
- To analyze the images of driver captured while driving to find many unidentified behavioral pattern.
- To explore many unknown factors related to unknown scenarios
- Losses while creating data model to train the system was very high
results
- The existing images were processed using various ML algorithms and methodologies to predict closest possible values precisely.
- Predictions were consolidated and plotted for repeated iteration. Hence solving problem by discarding unknown or faulty data which ultimately reduced the cost of model preparation as well.