WHEN CRITICAL INSIGHTS ARE BURIED IN THOUSANDS AND THOUSANDS OF CLAIMS
The waste was one thing.
A large manufacturer was keen to reduce spend on warranty costs and pricing claims—with claim audits a dauntingly manual process. But more importantly, the company knew that critical insights around quality and safety were buried within those claims. But how to find them?
Our client knew a better way was possible—but where to start? The current state was that they were investing significant dollars in warranty costs and pricing claim payments to their dealers and distributors. And the manual processes they were deploying to conduct analyses and audits on a small percentage of claims were in desperate need of modernization. A smart AI technology solution could provide more-comprehensive review and analysis that could better screen claims and improve end-to-end management of supplier chargeback and product quality.
But did they have the resources to conduct the kind of data science and business process transformation needed to affect that transformation—and in the process save time and uncover insights? How could they implement the robust analytics models needed to make it possible to review and analyze the data in a way that would yield the benefits they sought?
To most effectively dig through this mountain of data to uncover the insights the client knew were buried within, Deloitte leveraged Warranty Analytics, a proprietary, AI-driven solution that performs millions of analyses and monitors warranty and pricing claims on an ongoing basis to detect quality issues or potential waste due to anomalies, policy violations, or other irregularities.
As the technology identifies opportunities, it turns those insights into alerts and action plans, enabling humans to investigate and research high-risk dealers. From a user viewpoint, the technology is streamlined; it automatically ingests new data, leverages AI and specialized analytic models, and displays insights and visuals that support workflow and management tracking. And not only is the technology itself automated, but so too was its deployment, as Deloitte successfully implemented the solution within the organization’s environment through a fully automated production process.
Since implementation, the solution has delivered a real impact on the client’s business, helping to improve issue detection, process efficiency, and coverage, and identifying potential recovery opportunities.