Octo Telematics Transforms the Insurance Industry with Cloudera's Machine Learning and Analytics Platform Markets Insider

Cloudera, Inc. (NYSE: CLDR), the modern platform for machine learning and analytics, optimized for the cloud, announced that Octo Telematics, a global leader in telematics for insurance companies, is introducing innovations for insurance by aggregating 186 billion miles of driving data from connected cars and using Cloudera Enterprise to predict and model driver risk. Utilizing machine learning and analytics on Cloudera Enterprise, the Octo Telematics platform can now deliver actionable insights and risk modeling to over 100 insurance companies worldwide that enables them to transform insurance including pricing, First Notice of Loss (FNOL), and claims insights. Octo Telematics' platform, built on Cloudera Enterprise, aggregates over 11 billion new data points from 5.4 million connected cars and sensors daily, creating one of the largest connected-car subscribed installed bases across the globe. Every relevant type of data--contextual data, driving data, behavioral data, and crash data--is utilized to forecast individual driving habits, improve crash notifications and response, evaluate crash dynamics, and detect fraud. "At Octo Telematics, we are using the power of IoT data analytics to transform the auto insurance industry and essentially be there for people at the moment they need help. With Cloudera, we use IoT and machine learning to drive intelligence and predict outcomes from billions of miles of driving data, and over 438,000 severe crashes from over five million cars – the largest connected-car subscribed installed base in the world," said Gianfranco Giannella, chief operating officer at Octo Telematics.