GT Motive for Insurers

Why Cloud-Based Services are Essential to Estimatics

automotive technician hold tablet and check data under car in mechanic shop.

When it comes to researching and implementing cloud-based services, the estimatics industry tends to have common goals such as to create innovation, improve efficiency, and improve performance.

Research from AI Multiple states that nearly 90% of all companies have begun digital transformation or plan to do so, with Statsita highlighting that private organisations are not the only ones looking to invest in cloud computing. The UK government has also been spending a sizeable amount of money on its cloud infrastructure, with more than 1.3 billion British pounds spent in 2019.

In the past few years, the term “cloud computing” has been used everywhere, in all spaces that operate software solutions. With that in mind, let’s look at some of the most frequently asked questions to really understand what the cloud is, where it is, and how the estimatics industry can use it.

What is a cloud-based service?

Cloud computing isn’t as daunting as it sounds. Ultimately, it’s the process of storing and accessing data over the internet, instead of your computer’s hard drive.

The term ‘cloud’ is just another word for the internet, so as the PCMag Encyclopedia defines it, a cloud-based service is any service which is delivered from an online source.

Is a cloud-based service easy to implement?

Yes, cloud-based services are often easier, quicker and less disruptive to roll out across an organisation, even when replacing a traditional legacy service.

This is because today’s technology is intuitively designed to be set up online too – with everything being software based, there’s no need for booking installations or physically moving any equipment.

What’s more, businesses are confident about the adopting the cloud as new technology, with Forbes highlighting that 83% of businesses that are already in the cloud today.

What are the benefits of moving to a cloud-based service?

Switching to a cloud-based infrastructure comes with a host of benefits such as speed and accuracy, to advanced data analysis. There’s also increased productivity, acceleration of new business opportunities, and reduced IT overhead – to name but a few.

The time savings these services offer is imperative for the estimatics industry, as it simply allows for otherwise ‘wasted’ time to be better spent doing a job rather than time spent waiting for the data to do it in the first place. In fact, as stated in a recent Harvard Business Review, businesses often commented that “once we get our heads around how to manage cloud as a service delivery engine, our ability to adopt and change will be as fast as we can write a PO for services we don’t have today”.

How can the estimatics industry better utilise cloud-based services?

In today’s modern landscape, cloud-based technologies are available in different forms to suit different needs, allowing businesses to convert their working habits from ‘saving to the desktop’ to ‘uploading to the cloud’.

Google Drive and Microsoft 365 are amongst the most popular, though even Amazon have taken to this space, launching their recent Amazon Web Service (AWS) application which they specifically built for decision makers, to enable innovation and transformation throughout their organisations.

As the world continues to embrace cloud computing on a mass scale, the Cloud Industry Forum now cites that enterprise adoption rate is at 88% in the UK alone, and the estimatics industry is rapidly evolving as this technology adoption improves.

Now more than ever, estimatics businesses are recognising that estimating via spreadsheets is simply not sustainable, nor is having their technicians location restricted to being next to physical terminals. Instead, a cloud-based service allows offline spreadsheets to turn into a solution that is more accurate, accessible from anywhere with reports automated as often as business chooses. What’s more, technicians can work from any location with internet access, always just a few clicks away from the essential data they need to complete a job.

Why GT Motive should be your next cloud-based service

Built to connect all stakeholders and network partners within a single platform, GT Motive offers a modern and intuitive solution for complete claims management that reduces claims costs and cycle times, whilst increasing efficiencies.

Our solution is completely cloud-based and drives productivity through both accurate data and an open, collaborative approach.

This means we’re able to fully ensure that our data is always up to date, accurate, and readily available, from anywhere and at any time. In fact, our prices are updated automatically and daily in our solution, with new vehicle models being added bi- weekly, making us the most reliable and credible estimatics solution for insurers and repairers alike.

But don’t just take our word for it; experience GT Motive for yourself.

Request your free trial today.