Baloise invests in omni:us – core business optimisation driven by artificial intelligence
Summary
The investment target is omni:us, a Berlin-based service provider that specialises in the extraction of relevant data points from heterogeneous document streams using artificial intelligence. They can analyse a variety of documents and classify and extract specific information required to execute the relevant workflows via automated processes. A particularly impressive feature is that these programmes are even capable of recognising handwritten texts and putting current and historical documents into their appropriate context. This use of artificial intelligence prevents human errors and lets a computer take care of monotonous administrative tasks, which are costly and time-consuming when carried out by staff. The technology developed by omni:us will enable us to enhance our core business even further across all national Baloise companies.” Following investments in Insurdata and Trov in 2017, this is the third joint venture investment within twelve months for Baloise in collaboration with its partner Anthemis.