Unlike many other solutions in the market that have long implementation phases, jBIAS can be implemented within a day. The software is easy to use in every step of the way because SCSI supervises the upgrades and maintenance, as well as costly vendor access issues. As users don’t need to develop anything from scratch, they save on in-house development and long-term maintenance as the data sources evolve. One of SCSI’s customers who tried to integrate with third-party data providers all by itself is a case in point. After almost 18 months of development and investing over $1.5 million, the client could successfully integrate with only one provider.
We find ourselves critical to the underwriting process because we make the access, use, and analyses of important data effortless
With each passing day, the importance of data is multiplying. “In such a scenario, we find ourselves critical to the underwriting process because jBIAS simplifies the access, use, and analyses of important data,” says Wayman. The company’s roadmap in the near term will focus on two primary areas. First, being focused on incorporating cutting-edge AI technology to create a “Smart Order” process to make the ordering of external data more efficient and cost effective. Next, incorporating automation to mitigate risks in the event that their data partners go down or are unable to provide them with the data they need. The company’s growth strategy is to ceaselessly transform its methods of accessing emerging data sources to tap into new information and make it available to its clients for their continued success.