CIO Business Intelligence

JANUARY 3, 2024

The contact center is where customers interact with companies through various channels, such as phone, email, chat, or social media. The solution is cloud based, scalable, cost-effective, and easy to implement and manage. If this sounds like your company, you could benefit from the expertise and solutions provided by IBM and AWS.

Insurance 102

Insurance B2B Consulting Cost-Benefit 102

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Cloudera

MAY 4, 2022

AI has the potential to transform operations by improving three fundamental business requirements: process automation, decision-making based on data insights, and customer interaction. Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Error reduction. Workflow improvement.

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 135

Cost-Benefit Metrics Insurance Measurement 135

CIO Business Intelligence

SEPTEMBER 20, 2023

And they won’t be able to interact with customers. That makes the technology a great fit for customer service and support, which are typically challenged with making sense of mountains of unstructured data, from records of customer interactions to training videos. Which means that no model will have the power to make decisions.

Insurance 117

Insurance Unstructured Data Cost-Benefit Interactive 117

Smart Data Collective

MAY 11, 2023

Big Data is used more in property and casualty insurance than in other areas of actuarial practice. Health and life insurance have seen significant advances in Big Data use in recent years. While these are some of the most important benefits of big data in the banking sector, data technology can help in other useful ways.

Data mining 98

Data mining Big Data Sales Cost-Benefit 98

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Automated Customer Service & Chatbots. Detection and prevention of fraud.

Insurance 119

Insurance Machine Learning Cost-Benefit Data-driven 119

datapine

OCTOBER 11, 2023

Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. Now, let’s look at some benefits to keep putting the power of warehouse key performance indicators into perspective. But how do you know which indicators to track?

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. General Overview of the Benefits of AI in the Automotive Sector The market for AI in the automotive industry is booming.

Manufacturing 96

Manufacturing Cost-Benefit Machine Learning Optimization 96

CIO Business Intelligence

OCTOBER 13, 2022

Rich Gilbert, who joined Aflac in 2019 as chief digital and information officer, now serves as its chief transformation officer and head of individual benefits. Insurance is an interesting business, because you’re not building something; you’re in business to fulfill a promise. The promotion and title are well deserved.

IT 127

IT Insurance Cost-Benefit Modeling 127

Smart Data Collective

JULY 8, 2021

Intuitively, this also means that consumers stand to benefit from advances in artificial intelligence as well. However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

CIO Business Intelligence

MARCH 27, 2023

We will see a focus on making customer interactions easier to understand, resulting in less repetition of information and disconnects to create better bot experiences. Here’s an example of how this could work: A customer calls his car insurance company after being in a minor fender bender. For now, it’s “slow and steady wins the race.”

Interactive 105

Interactive Cost-Benefit Insurance Predictive Analytics 105

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

DECEMBER 1, 2023

IT leaders looking for a blueprint for staving off the disruptive threat of generative AI might benefit from a tip from LexisNexis EVP and CTO Jeff Reihl: Be a fast mover in adopting the technology to get ahead of potential disruptors. It was just staggering in terms of its capabilities.”

Cost-Benefit 112

Cost-Benefit Digital Transformation Machine Learning Optimization 112

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

CIO Business Intelligence

FEBRUARY 8, 2024

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. It’s important to consider the total cost of doing business with a vendor, Gilgour says.

Management 128

Management Scorecard Cost-Benefit Key Performance Indicator 128

IBM Big Data Hub

JANUARY 16, 2024

One example of this is in insurance. Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. How is conversational AI different?

Data Processing 81

Data Processing Deep Learning Insurance Cost-Benefit 81

IBM Big Data Hub

MARCH 28, 2024

Private cloud combines the primary benefits of cloud computing (e.g., A hybrid cloud unifies public cloud, private cloud and traditional on-premises to create a single, flexible and cost-efficient IT infrastructure. Platform-as-a-service (PaaS) offers organizations a complete cloud platform (e.g., Zoom, Adobe, Salesforce).

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

IBM Big Data Hub

FEBRUARY 23, 2024

The emergence of NLG has dramatically improved the quality of automated customer service tools, making interactions more pleasant for users, and reducing reliance on human agents for routine inquiries. These technologies enable systems to interact, learn from interactions, adapt and become more efficient. billion by 2030.

Enterprise 97

Enterprise Interactive Data-driven Key Performance Indicator 97

CIO Business Intelligence

MARCH 15, 2023

Regardless of your company’s investment posture during this period of instability, interactions with the CFO have likely increased and become more consequential in the last few months. To effectively traverse these interactions, CIOs must start with empathy. Walk in the shoes of the CFO.

Uncertainty 80

Uncertainty Cost-Benefit Forecasting Insurance 80

O'Reilly on Data

SEPTEMBER 19, 2023

” Each step has been a twist on “what if we could write code to interact with a tamper-resistant ledger in real-time?” Hadoop’s value—being able to crunch large datasets—often paled in comparison to its costs. This technique simulates interactions in a complex system. The elephant was unstoppable.

Machine Learning 243

Machine Learning Testing Modeling Cost-Benefit 243

IBM Big Data Hub

JULY 11, 2023

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. How does artificial intelligence benefit healthcare?

Deep Learning 55

Deep Learning Cost-Benefit Insurance Machine Learning 55

erwin

MAY 2, 2022

Data modeling helps you right-size cloud migrations for cost savings. The cloud offers infinitely scalable resources – but, at a cost. Static overprovisioning or dynamic scaling will run up monthly cloud costs very quickly on a bad design. If I can cut down on the CPU and memory needs, I can cut this cost significantly.

Modeling 98

Modeling Insurance Cost-Benefit Data Warehouse 98

CIO Business Intelligence

SEPTEMBER 26, 2023

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. You must be able to see how systems are interconnected, how they interact, and the components within them.

IT 85

IT Insurance Cost-Benefit Strategy 85

CIO Business Intelligence

APRIL 18, 2024

In a large organization with thousands of developers and applications, teams don’t get the benefits of scale when they have a bunch of different platforms. Think about how people interact with businesses, government agencies, schools, and even their hobbies and entertainment.

Cost-Benefit 80

Cost-Benefit Software Recreation/Entertainment Insurance 80

CIO Business Intelligence

AUGUST 14, 2023

“It was more, ‘Let’s do this under the radar and prove out a couple of micro wins … and that will lead to more macro benefits.’ We want to move more toward value-based care, and we can do that with both larger and quick-hit projects like [EmmiJourneys] with relatively low overhead costs and risk,’’ he says.

IT 75

IT Insurance Digital Transformation Broadcasting 75

Smart Data Collective

MAY 14, 2021

One of the biggest benefits IVAs lend to local governments is their multilingual capabilities. IVAs can help them save costs while still making sure the public has all the services they need. The insurance industry had to make adjustments on the fly to serve remote customers during the COVID-19 pandemic. Healthcare.

Insurance 82

Insurance Big Data Cost-Benefit Data-driven 82

Smart Data Collective

JANUARY 7, 2022

Many major companies have already moved to the cloud and discovered the benefits of doing so. They might be skeptical of some of the benefits as well. 7 Benefits a cloud-based POS system can give your business in 2022. One of the biggest benefits of cloud technology is that is helps remove workloads from local servers.

Cost-Benefit 103

Cost-Benefit Sales Software Reporting 103

bridgei2i

FEBRUARY 24, 2021

In our latest episode of the AI to Impact podcast, host Monica Gupta – Manager of AI Actions, meets with Sunil Mudgal – Advisor, Talent Analytics, BRIDGEi2i, to discuss the benefits of adopting AI-powered surveillance systems in HR organizations. How, do you assess the impact of these costs on business outcomes? Subscribe Now.

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 91

Cost-Benefit Modeling Manufacturing Interactive 91

CIO Business Intelligence

JUNE 2, 2022

The famed institution used the CRM capabilities of Microsoft Dynamics, which is part of the Microsoft Healthcare Cloud, to interact with patients and schedule appointments, Kull explains. Matthew Kull. Cleveland Clinic. The cloud also serves up analytic insights to guide banking staff in subsequent customer conversations.

Manufacturing 126

Manufacturing Interactive Marketing Cost-Benefit 126

erwin

FEBRUARY 19, 2021

The Benefits of Metadata Management. With automation, data quality is systemically assured with the data pipeline seamlessly governed and operationalized to the benefit of all stakeholders. Greater productivity & reduced costs. The post 7 Benefits of Metadata Management appeared first on erwin, Inc.

Metadata 110

Metadata Management Data Quality Cost-Benefit 110

Smart Data Collective

MAY 30, 2019

We had interviewed experts from several major companies, including Frontier Communications on the benefits of these AI-driven tools. One thing is for sure – if you want to sell more on the Internet, handle more customers, save on personnel costs, you certainly need Chatbot. We made some impressive deductions.

Big Data 79

Big Data Machine Learning Insurance Cost-Benefit 79

AWS Big Data

MAY 4, 2023

The rule requires health insurers to provide clear and concise information to consumers about their health plan benefits, including costs and coverage details. This information can be used by employers, researchers, and others to compare prices across different insurers and health care providers.

Insurance 84

Insurance Publishing Cost-Benefit Data Lake 84

Smart Data Collective

JULY 3, 2023

The National Association of Insurance Commissioners that there will be about 3.5 The Rise of Electric Vehicles The popularity of electric vehicles has soared in recent years, driven by their reduced carbon emissions and cost-effective performance. AI technology has led to some major breakthroughs in our modern lives.

Software 74

Software Manufacturing Recreation/Entertainment Data-driven 74