Get latest articles and stories on Business at LatestLY. Policybazaar, one of India's leading online market places for insurance, has collaborated with the Indian Institute of Science to work together on Automated Speech Recognition algorithms to enhance customer experience. In the first-ever initiative of its kind, both parties have signed a contract to develop algorithms that can accurately interpret human speech. With these algorithms, the company intends to leverage meaningful insights derived from millions of calls between customers and its advisors. Business News | Policybazaar, IISc Come Together to Develop Automated Speech Recognition Algorithms to Effectively Address Consumer Needs.