Melnik Yuliia , Copywriter

Machine learning in dynamic pricing: CHI Software’s experience 

One of the critical decisions a company makes about a product is its price. Nowadays, merchants require sophisticated pricing strategies to succeed in a highly competitive marketplace and satisfy all consumers' needs. Businesses face two key challenges: optimizing prices and managing income in a constantly changing environment. So, companies use a strategy called dynamic pricing to solve them simultaneously.   The method's efficiency can be noticeably increased with artificial intelligence (AI) and machine learning (ML) capabilities. AI and ML technologies open up opportunities to find new revenue ...

How to Create a Health Insurance Mobile Application

Health insurance companies have worked on the global market for a long time, and the industry is enormous. But not many healthcare businesses consider the need for mobile apps and neglect them. By doing so, insurance companies lose a significant part of their customers. According to the Accenture 2020 Digital Health Consumer Survey, 75 percent of patients understand the importance of healthcare apps and are ready to use the min personal insurance programs.  Smart mobile solutions can help companies offer users a better service, improve decision-making, and ...

Building an Investment Platform: Our Advice

In the face of digitalization and the pandemic’s impact on business workflows, the investment industry’s focus has shifted to online platforms. They allow wealth to grow, and customers understand it. In Australia alone, the investment platform market was US$680 billion in the first half of 2020, with positive growth of 8 percent in the quarter.   This trend is global and clear for fintech companies and startups. Today, competing platforms are actively being built by independent providers.   Therefore, it is worth trying to ...

How to Start a Loan App: Guide for Startups and Enterprises

Loans designed to balance temporary money shortages are an integral part of a market economy. When requesting funds through a conventional method of applying, borrowers have always faced bureaucratic, organizational issues that are highly tedious and time-consuming to resolve. But getting loans is quick nowadays due to peer-to-peer (P2P) lending mobile applications.   Technologies transform our lives, and apps offer end-to-end solutions for easy application approval and money disbursal in just a few clicks. In this ...

Machine Learning in Autonomous Driving Industry: CHI Software’s Experience

Machine learning in self-driving cars is the way to use technology, whose scope of the application shows rapid expansion recently. Autonomous vehicles (also known as AV) are a "new black" in the world of navigation, long-distance trucking, and industrial and logistic automation as a whole. According to Globe Newswire, the global machine learning market is going to grow at a CAGR of around 40.1% over the forecast period 2019 to 2026. The market ...

15 Top FinTech Startup’s in the USA: Short Overview | CHI Software

The FinTech industry has evolved at a rapid pace over the last few years. Banking and Finance show fundamental shifts in technologies applied, thanks to mobile products' skyrocketing and machine learning (abbreviated as ML). Hence, there is more scope for startups in the industry. It was reported that FinTech startups in the United States raised more than $12 billion in funding. This numbers out-growing forecasts by 30%. And note: spending ...