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Shannon Reed, VP of Product Development, eDiscovery Solutions and Debjit (DK) Kanjilal, Managing Director for Insurance SolutionsAureus helps insurers and law firms improve efficiencies by automating processes and building an evolving infrastructure. Aureus’s eDiscovery and document management system, Anvesa®, focuses on predictive tagging, concept search, and topic modeling while ensuring the privacy and security of huge volumes of data.
“The legal industry handles large amounts of data as part of the litigation process,” says Shannon Reed, VP of Product Development, eDiscovery Solutions for Aureus Tech Systems. “Mining through that data is the primary contributor to litigation hours. This is where Anvesa® comes in.”
Based on keyword searches, Anvesa® refines and reduces the number of documents that the attorney has to review, thereby reducing the hours spent on eDiscovery. Technology makes attorneys and law firms more efficient, and the time and cost savings benefit law firm clients and society at large.
This process is also useful in the insurance industry, where eDiscovery can identify, for example, the frequency of earthquakes in an area. In this instance, Anvesa® takes 200 years’ worth of data and layers it on top of a global world map to determine past earthquake activity and make predictions for the future, which can impact insurance decisions as well as initial purchasing decisions for a consumer or business.
“When attorneys can spend less time going through documents, they can focus on the case and keep costs down,” says Reed.
As an example, one of the world’s leading providers of reinsurance, insurance, and other forms of insurance based risk transfer needed a solution to data management. The company turned to Aureus, whose Insurance Tech solution leverages the power of Microsoft Azure, Azure Databricks, and Azure Machine Learning. The platform integrates multiple native systems into a single, end-to-end solution that features a faster and seamless user interface. It aggregates information on the account level, provides relationship insights, and delivers contact-level details to relevant users. It creates contact profiles from customer interactions, business data, and engagement information alongside external sources. It also leverages native IT environments and integrates into core business applications.
Aureus transformed the company’s outdated CRM system into a cloud-native Customer Engagement Management Platform that integrates internal and external data sources providing 360-degree customer/broker views. The platform shifted the company into a customer-first culture, resulting in greater customer experience, greater customer retention, and less time pushing paper, meaning more time to focus on quality tasks.
We can reduce the cost of overhead for the insurance company in every step of the process
Aureus also educates its customers so that they aren’t dependent on a specific partner
“A digital solution should evolve as the business grows and evolves, which is why we empower companies to adapt Anvesa® as their needs change,” says Aureus COO Abhishek Pakhira. Further, with Anvesa®, the company is democratizing the litigation and insurance industries, enabling smaller firms to function seamlessly and affordably. This allows small firms to take on larger cases and/or access state-of-the-art technology for clients regardless of what they can pay.
Aureus Tech Systems, a Denver-Based Developer of Cloud and AI Solutions, Celebrates Achievements of Three High School Students During Summer STEM Internship Program
Tuesday, August 29, 2023
DENVER, -- Aureus Tech Systems, a leading provider of tailor-made and cost-effective Cloud, Artificial Intelligence, and Edge solutions, is pleased to celebrate the success of this year's Summer STEM High School Internship Program, which welcomed Aryan Pakhira, Anay Ashish, and Anya Ashish to Aureus's Denver office.
“Aureus Tech Systems, Celebrates Achievements of Three High School Students During Summer STEM Internship Program.”
With the goal of uplifting the next generation of STEM leaders, the Aureus team supported the three high schoolers as they experimented with generative AI, learned about business law, and received on-the-ground training across Aureus's extensive client services.
Shannon Reed, VP of Product Development, commented on the program:
"Aryan, Anay and Anya are prime examples of why the STEM High School Intern Program is so important. All three of them worked hard on their summer break, and it was refreshing to see young minds so interested in the future. Anya is a smart young lady, her eagerness to learn and write contracts with all of the right "legal ease" was astonishing. Her drive, dedication and "want to learn" mindset will serve her well in accomplishing her dreams. Being a part of Aryan and Anay's journey was also inspiring. To listen to them talk to each other about writing code and learning different levels of coding was remarkable. They worked with lead developers within the company, completing all of the tasks given to them. These young people are our future, and I am proud to have been a part of their journey to success."
"This summer's internship here at Aureus was about learning, growth and relationship building," said Aryan Pakhira. "There is a lot of buzz around artificial intelligence and Chat GPT, so to get an opportunity to work on a real-world problem using Microsoft Open AI was so special. And, more importantly, my mentors and colleagues inspired me to push my boundaries to learn new concepts throughout the program."
Aryan Pakhira from Cherry Creek High School and Anay Ashish from Cherokee Trail High School spent the summer with the Aureus product team for the technical internship, which aims to train students on providing a seamless technical assistance to end users who need assistance with Anvesa's eDiscovery solution. To achieve this, the two received training on Azure, Open AI, Python and more.
"This internship was an amazing learning opportunity for me," said Anay Ashish. "I loved learning how to utilize multiple platforms in high-level architecture projects with real benefits to the company. Overall, being here at Aureus Tech Systems was extremely beneficial to my professional and personal growth."
After learning how to access, read, and index files, Pakhira and Ashish built a backend service to create an AI chatbot to help Aureus teammates receive rapid answers to questions about products.
Anya Ashish from Cherokee Trail High School spent her summer learning about arbitration, choice of law principles, legal eDiscovery, depositions, and contract drafting from Aureus's legal experts. Using this new knowledge, Ashish reviewed and edited four contracts and learned how to use Anvesa, a legal eDiscovery software owned by Aureus Tech Systems' subsidiary.
"I am very grateful I had the opportunity to learn from this internship," said Anya Ashish. "As someone interested in law, the opportunity to actually work within business law and create contracts was amazing. It changed my perspective on transactional law and showed me a side of the profession I did not know much about."
Since its formation in 2008, Aureus has prioritized corporate social responsibility through inclusive internship opportunities, the Aureus Equity Scholarship, and more. To learn more about these efforts and Aureus's client services, visit www.aureustechsystems.com.
Company
Aureus Tech Systems
Management
Shannon Reed, VP of Product Development, eDiscovery Solutions and Debjit (DK) Kanjilal, Managing Director for Insurance Solutions and Sujata Bhattaral, CEO & President, Abhishek Pakhira, Chief Operating Officer
Description
As technology advances, Aureus helps insurers and law firms improve efficiencies by automating processes and building an evolving infrastructure. Aureus’s eDiscovery and document management system, Anvesa®, focuses on predictive tagging, concept search and topic modeling.
