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1 © 2016 Teradata
Better Driving via Machine Learning
Mo Patel
Practice Director, AI & Machine Learning
Advanced Analytics Center of Excellence
Northwestern University Transportation Center & Center for the Commercialization of Innovative Transportation Technology
Machine Learning in Transportation Workshop
October 26, 2016
2 © 2016 Teradata
• A look at the Auto Insurance Industry
• Auto Insurance Industry in transition
• Machine Learning in Auto Insurance Industry – Machine Learning for Better
Driving
– Risk Reduction via Machine Learning
– Faster Claims Processing
• Look ahead
Agenda
3 © 2016 Teradata
Recovering Economy, More Driving, More Collisions, More Fatalities
0
30
60
90
120
150
180
0
300
600
900
1200
1500
1800
2100
2400
2700
3000
3300
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Miles
Billions
Jobs
Millions
Source: Labor Data (BLS), NHTSA
0
1
2
3
4
5
6
7
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: NHTSA, Insurance Information Institute
Deaths
Collision
Claims
Per 100
Insured
Vehicles
4 © 2016 Teradata
Auto Insurance Industry costs are going up
Source: Fast Track Monitoring System Graphics: Insurance Information Institute
Bodily Injury
+9.6%
Collision
+11.1%
Personal
Injury
Protection
+18.4%
Comprehensive
+11.0%
Property
Damage
+14.7%
Rise in losses from 2014 to 2016
5 © 2016 Teradata
Real-Time Data enabling smarter driving
Accelerometer
Bearing
Atmospheric
Pressure
Gyroscope
Engine
RPM
Speed
Accelerator
Pedal
Location
6 © 2016 Teradata
Machine Intelligence ─ your in car driving coach
“Please
slow
down”
“Please be careful
switching lanes”
“You are approaching a
dangerous intersection”
7 © 2016 Teradata
Deploying Real-Time Machine Prediction
Raw Data
Feature
Engineering
Model
Training
Model
Testing
Model
Packaging
Model
Deployment
Ingest Modeling Production
Model
Deployment
8 © 2016 Teradata
Providing value added Services to customers
Daily Driving Summary
Trips & Miles
Smart Driving Points
Speeding Incidents
Erratic Driving Incidents
Aggressive Driving Incidents
Hazards Avoided
Recommendations
Slow down on Main Street on your
way to Work
Avoid Michigan Ave. in the
evening
Stay in lane during rush hour traffic
on Rush Street
10 © 2016 Teradata
Real-Time data and Machine intelligence in Claims resolution
Policies
Risk Profiles
Customer Records
Past Claims
Weather
Telematics
Infrastructure
Machine Learning
11 © 2016 Teradata
What is next for Machine Learning in Auto Insurance?
• More data: – Dash Cam Video Analytics
– Wearables
• Better Algorithms: – Deep Learning
– Artificial Intelligence
• In Car Applications: – Geo Fencing
– Personal Assistant
– Prescriptive Repair