Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. One of the most important ways to utilize big data is with financial management. The financial analytics market is projected to be worth $114 billion within the next two years. Get the Right Insurance in Place.

Data Analytics 122

Data Analytics Insurance Analytics Cost-Benefit 122

Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Risk Data-driven 105

Analytics Vidhya

OCTOBER 5, 2023

Introduction Data analytics is a discipline that is flourishing with potential since businesses from all sectors are making substantial investments in big data and expanding their analytics teams.

Insurance 282

Insurance Big Data Marketing Data Analytics 282

CIO Business Intelligence

JUNE 7, 2022

What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics?

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Analytics Vidhya

JANUARY 17, 2023

Introduction Data analytics is a field filled with promise. Corporations across all industries have invested significantly in big data, establishing analytics departments, particularly in telecommunications, insurance, advertising, financial services, healthcare, and technology.

Advertising 257

Advertising Insurance Big Data Data Analytics 257

CIO Business Intelligence

APRIL 12, 2022

For today’s consumers, shopping and interacting with businesses online has mostly become easier and more convenient than ever — but not when it comes to dealing with insurance companies. In stark contrast to experiences with large consumer-goods websites, people often struggle to find the information and forms they need on insurance sites.

Insurance 52

Insurance Testing Interactive Analytics Technologies 52

Smart Data Collective

MAY 29, 2022

What is data analytics? One of the most buzzing terminologies of this decade has got to be “data analytics.” Companies generate unlimited data every day, and there is no end to the data collected over time. Companies need all of this data in a structured manner to improve their decision—making capabilities.

Data Analytics 133

Data Analytics Analytics Strategy Insurance 133

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Markets and Markets estimates that the financial analytics market will be worth $11.4 billion in the next two years.

Data Analytics 116

Data Analytics Analytics Finance Data mining 116

Smart Data Collective

AUGUST 11, 2022

Data analytics technology has become very important for helping companies manage their financial strategies. Companies are projected to spend nearly $12 billion on financial analytics services by 2028. There are many great benefits of using data analytics to improve financial management strategies.

Data Analytics 116

Data Analytics Optimization Analytics Cost-Benefit 116

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling. Underwriting

Insurance 52

Insurance Risk Deep Learning Data-driven 52

Smart Data Collective

JULY 11, 2022

The demand for data analytics technology in the marketing will continue to grow as more executives recognize its benefits. This is going to entail learning more about the benefits of data analytics and how they can be integrated into their overall marketing strategy. Data analytics tools help with all of these tasks.

Data Analytics 133

Data Analytics Analytics Advertising Big Data 133

Smart Data Collective

APRIL 15, 2024

More insurers are using data analytics to streamline the process for worker's compensation claimants.

Data-driven 92

Data-driven Insurance Management Data Analytics 92

Smart Data Collective

NOVEMBER 17, 2021

Data analytics is becoming a crucial element of many business strategies. They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. Data Analytics is Helping Many Spotify Musicians Improve Their Reach.

Data Analytics 127

Data Analytics Analytics Advertising Data-driven 127

bridgei2i

MAY 4, 2020

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

Insurance 95

Insurance Enterprise Sales Digital Transformation 95

Cloudera

OCTOBER 21, 2020

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

Insurance 72

Insurance Unstructured Data Digital Transformation Cost-Benefit 72

Smart Data Collective

MAY 8, 2022

Verizon Connect has talked at length about the benefits of using big data to streamline many business operations for fleet management. Data analytics can help with everything from improving driver safety to boosting route efficiency. Data Analytics Transforms the Fleet Management Industry’s Customer Service Model.

Optimization 103

Optimization Data Analytics Management Analytics 103

Smart Data Collective

NOVEMBER 1, 2020

Advances in big data are a double-edged sword in the fight against online scams and data breaches. The reason for this is that both cybersecurity professionals and cybercriminals are using data technology to their full advantage. Data Analytics is the First Line of Defense Against Online Criminals.

Data Analytics 101

Data Analytics Analytics Big Data Data-driven 101

Smart Data Collective

JULY 19, 2021

Data analytics technology has been very beneficial for many consumers around the world. You can use data mining and analytics technology to make more informed decisions about purchases that you intend to make. Data Analytics is Excellent for Assessing the Security of Online Fintech Sites.

Data Analytics 135

Data Analytics Data mining Analytics Cost-Benefit 135

Smart Data Collective

MAY 27, 2021

The automotive industry has been far more reliant on big data than most other sectors in recent years. A growing number of major automobile manufacturers have started using data analytics and AI to improve production. There have been a number of clear advantages of using big data to manufacture automobiles.

Data Analytics 122

Data Analytics Manufacturing Big Data Analytics 122

FineReport

JULY 28, 2021

If you are curious about the difference and similarities between them, this article will unveil the mystery of business intelligence vs. data science vs. data analytics. Definition: BI vs Data Science vs Data Analytics. Typical tools for data science: SAS, Python, R. What is Data Analytics?

Business Intelligence 98

Business Intelligence Data Science Data Analytics Analytics 98

Smart Data Collective

JANUARY 26, 2022

Increasingly, though, brands and businesses of all sizes expect their legal representatives to leverage and report out – data the same way as the rest of the company. As a result, big law firms have implemented data analytics a top-of-mind priority for in-house attorneys. What is Legal Analytics?

Data Analytics 72

Data Analytics Analytics Predictive Analytics Insurance 72

Corinium

JUNE 5, 2020

In episode 14 we talk to Eugene Wessels about how data analytics is at the foundation over King Price Insurance's operating model.

Insurance 195

Insurance Modeling Data Analytics Analytics 195

Octopai

SEPTEMBER 22, 2019

Retail companies—both e-commerce and brick-and-mortar—as well as manufacturing, transportation, and services, have come to think of themselves as “data companies.” Perhaps nowhere is this truer than in the insurance industry, though. – All types of insurance companies are leveraging data analytics to detect and prosecute fraud.

Metadata 41

Metadata Insurance Management Data Governance 41

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

CIO Business Intelligence

NOVEMBER 16, 2023

In a career spanning such companies as IBM, KeyCorp, M&T Bank, and BMO, she has “answered the call” many times, most recently as CIO of The Hartford, where she is responsible for the overall strategy, vision, and execution of business technology, cyber, data analytics, and data science. Can you expand on that?

Insurance 128

Insurance Enterprise Risk Digital Transformation 128

Alation

MARCH 31, 2023

Governance drives a bold new world at WoodmenLife Kam Rokon, a data officer at WoodmenLife, a fraternal benefit society that operates a privately held insurance company for its members, joined me and former Gartner VP analyst Sanjeev Mohan to discuss how Alation helps the Omaha-based company manage its data and migrate it to the cloud.

Data Analytics 52

Data Analytics Analytics Metadata Data Governance 52

CIO Business Intelligence

AUGUST 19, 2022

The traditional in-person process of insurance agents meeting with prospective customers to discuss policies, sign paperwork, and load it into the company’s client/server system came to a complete halt. Because we are an insurance company, what we are is a promise on a piece of paper,” says then-CIO Richard Gilbert. “We

Insurance 98

Insurance Digital Transformation Data Processing Machine Learning 98

Smart Data Collective

OCTOBER 3, 2023

Healthcare providers are investing more heavily in big data technology, as they strive to deal with growing challenges such as declining operating margins and an increasingly complex regulatory environment. However, many healthcare providers lack the technology or knowledge to use data prudently.

Data Strategy 115

Data Strategy Strategy Insurance Data-driven 115

CIO Business Intelligence

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals.

Risk Management 119

Risk Management Insurance Risk Testing 119

Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. We’ve previously highlighted opportunities to improve digital claims processing with data and AI. To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter.

Analytics 99

Analytics Insurance IoT Risk 99

Decision Management Solutions

NOVEMBER 13, 2018

80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. 38% of those surveyed cited a failure to integrate analytics into workflows and frontline systems.

Insurance 40

Insurance Analytics Modeling Visualization 40

Smart Data Collective

AUGUST 7, 2019

We have talked extensively about the fields that rely most heavily on big data. The insurance industry is one of the companies investing the most in big data technology. Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry.

Big Data 76

Big Data Insurance Cost-Benefit Risk 76

CIO Business Intelligence

JUNE 17, 2022

Typically, CIOs consider certifications as a means for training up IT staff on vital skills around key initiatives such as cybersecurity, data analytics, AI, or the cloud. If I have to remain in the insurance industry, I have to continuously build on my knowledge base.” Careers, Certifications, CIO

Insurance 122

Insurance IT Advertising Data Science 122

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 82

Insurance Data Warehouse Data-driven Unstructured Data 82

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. The application of big data analytics in healthcare has a lot of positive and also life-saving outcomes. 3) Real-Time Alerting.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

AWS Big Data

JANUARY 30, 2023

We examine a hypothetical insurance organization that issues commercial policies to small- and medium-scale businesses. The insurance prices vary based on several criteria, such as where the business is located, business type, earthquake or flood coverage, and so on. getOrCreate() #Define the table schema schema = StructType().add("policy_id",IntegerType(),True).add("expiry_date",DateType(),True).add("location_name",StringType(),True).add("state_code",StringType(),True).add("region

Insurance 83

Insurance Data Lake Data-driven Management 83

Smart Data Collective

FEBRUARY 12, 2021

It is true that data analytics is key to helping reach your personal financial goals. However, you are going to need to actually get the data first. You won’t be able to use sophisticated machine learning tools to track the trajectory of your finances without having the data on hand first.

Insurance 89

Insurance Finance Big Data Data Analytics 89