Technology Magazine April 2019 | Page 165

165 its customers . “ GUARD itself is not a new company but in the last decade we ’ ve acted like a fast growing startup ,” enthuses Foguel . “ We ’ re growing every year by 20-25 % which shows that this is not a steady state company in any form . We ’ re always innovating and we always have four or five projects on the go .” In fact , just last year the firm announced various partnerships with IoT companies and AI applications , including a pilot with Safe Drive Systems ( SDS ), to create a collision avoidance system and fleet management systems ( FMS ) technology for its commercial auto lines , and a project with Plank Re to use AI to further automate the workers ’ compensation underwriting process .
Berkshire Hathaway GUARD is truly a strong role model for how to profitably scale quickly and steadily . Businesses should keep an eye on the firm to see what they ’ ll do next .
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