Smart Data Collective

OCTOBER 7, 2021

Big data technology has been the basis for the Fintech industry. There is no disputing the major benefits that big data has created for the financial sector. However, there are also new challenges that have arisen as big data has become more widely available in Fintech. One of the biggest changes is new regulations.

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Data-driven Insurance Big Data Dashboards 107

Smart Data Collective

MARCH 27, 2020

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Demographics. This includes: Age. Marital status.

Insurance 108

Insurance Measurement Risk Cost-Benefit 108

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 59

Insurance Cost-Benefit Digital Transformation Marketing 59

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Commercial Lines truly is an “uber industry” with respect to data. A Long, Long Time Ago.

Insurance 96

Insurance Risk Unstructured Data Data-driven 96

Cloudera

JUNE 13, 2023

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. The EBD platform supports more than 10 internal and customer-facing groups with their Data Operations and Data Discovery requirements.

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Data-driven Analytics Insurance Big Data 77

Smart Data Collective

JULY 26, 2023

Big data has become an invaluable aspect to most modern businesses. Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without.

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Data-driven Management Sales Big Data 74

Alation

APRIL 13, 2021

Much of his work focuses on democratising data and breaking down data silos to drive better business outcomes. In this blog, Chris shows how Snowflake and Alation together accelerate data culture. He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data.

Insurance 98

Insurance Data Governance Data-driven Metrics 98

Cloudera

AUGUST 12, 2021

In my previous blog post, I shared examples of how data provides the foundation for a modern organization to understand and exceed customers’ expectations. Collecting workforce data as a tool for talent management. Collecting workforce data as a tool for talent management. Data enables Innovation & Agility.

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Data-driven Manufacturing Insurance Risk Management 109

Smart Data Collective

MAY 16, 2022

Big data is changing the future of the healthcare industry. Healthcare providers are projected to spend over $58 billion on big data analytics by 2028. Healthcare organizations benefit from collecting greater amounts of data on their patients and service partners. However, data management is just as important.

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Data-driven Data Processing Insurance Big Data 103

Teradata

AUGUST 26, 2022

Is insurance immune from the surge in data-driven applications in other industries? Of course not, but why has there been such a slow uptake in data resources?

Insurance 52

Insurance IT Data-driven 52

Smart Data Collective

OCTOBER 13, 2020

Deloitte Analytics author Ashwin Patil recently talked about the incredible benefits of big data in the automotive sector. His article focused primarily on the applications of big data in auto manufacturing. “At However, there are plenty of other applications of big data after the manufacturing process is finished.

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Data-driven Big Data Manufacturing Insurance 132

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5 Here’s why.

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Data-driven Cost-Benefit Data mining Big Data 103

Cloudera

MAY 30, 2024

The financial services industry is undergoing a significant transformation, driven by the need for data-driven insights, digital transformation, and compliance with evolving regulations. What are some of the reasons that TAI Solutions’ customers choose Cloudera?

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Data Analytics Risk Management Digital Transformation Analytics 62

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.

Insurance 52

Insurance Risk Deep Learning Data-driven 52

DataKitchen

OCTOBER 20, 2023

In today’s data-driven landscape, Data and Analytics Teams i ncreasingly face a unique set of challenges presented by Demanding Data Consumers who require a personalized level of Data Observability. Data Observability platforms often need to deliver this level of customization.

Insurance 169

Insurance Metadata Data-driven Data Quality 169

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Jet Global

JUNE 5, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful. View Guide Now.

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Insurance Metrics Reporting KPI 59

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

bridgei2i

SEPTEMBER 15, 2020

Everest Group, a leading research and consulting firm, has named BRIDGEi2i, a trusted partner that enables AI for Digital Enterprises, as a Major Contender in the Insurance Analytics and Insights (A&I) PEAK Matrix® 2020. ” Please read the full PR here. ” Please read the full PR here. About BRIDGE i2i. www.BRIDGEi2i.com.

Insurance 52

Insurance Contextual Data Analytics Consulting 52

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

Bruno Aziza

NOVEMBER 11, 2018

Allstate is proving that an 87-year-old insurance company can adapt and compete on data and analytics.

Data-driven 107

Data-driven Insurance Analytics Big Data 107

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Digital Transformation 128

Digital Transformation Insurance Interactive Sales 128

Dataiku

APRIL 1, 2021

This quote, from an EY report titled “How ESG Integration in the Financial Sector Can Help Build Resilient Systems of the Future” speaks to the notion that the integration of Environmental, Social, and Governance (ESG) criteria goes beyond just smart investing and, instead, transcends all financial processes — from investment and insurance to credit (..)

Data-driven 59

Data-driven Insurance Finance Risk 59

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.

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Data Strategy Strategy Insurance Data-driven 115

Corinium

APRIL 23, 2019

Ahead of the third Chief Data & Analytics Officer (CDAO) Singapore conference, we caught up with Melecio Valerio Jr, Head, Data Strategy and Governance at FWD Life Insurance to discuss the key strategies for managing massive volumes of data, the cornerstones for building a data driven enterprise as well as how to best roll out an enterprise-wide (..)

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Enterprise Management Insurance Data-driven 150

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. Data-driven financial management is likely more important than ever. This is where data analytics technology can become very important.

Data Analytics 122

Data Analytics Insurance Analytics Cost-Benefit 122

Cloudera

APRIL 20, 2022

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 98

Insurance Measurement Data Lake Risk 98

Alation

FEBRUARY 13, 2020

. - Andreas Kohlmaier, Head of Data Engineering at Munich Re 1. --> Ron Powell, independent analyst and industry expert for the BeyeNETWORK and executive producer of The World Transformed FastForward Series, interviews Andreas Kohlmaier, Head of Data Engineering at Munich Re. Sometimes they didn’t really know about each other.

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Data-driven Data Lake Enterprise Analytics 52

Birst BI

JANUARY 16, 2018

If you’re a business intelligence (BI) and analytics application user, it’s likely that “data-driven insight to the masses” will soon be top-of-mind. Some data discovery vendors tout that they already deliver “self-service to the masses,” but that’s a dubious claim. Machine learning will transform BI and analytics.

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Data-driven Analytics Dashboards Machine Learning 70

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

Insurance 82

Insurance Data Warehouse Data-driven Unstructured Data 82

Cloudera

MAY 4, 2022

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. Such human frailties are not an issue for AI-driven systems. The more efficient you can be, the less time and money you spend on a task.

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Cost-Benefit Internet of Things Insurance Data-driven 129

IBM Big Data Hub

JANUARY 15, 2024

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., This partnership establishes a benchmark for digital transformation in the insurance industry, promoting innovation and achieving cost efficiency through AI-powered business automation.

Digital Transformation 71

Digital Transformation Insurance Optimization ROI 71

CIO Business Intelligence

JUNE 22, 2023

It’s an industry that handles critical, private, and sensitive data so there’s a consistent demand for cybersecurity and data professionals. But you’ll also find a high demand for software engineers, data analysts, business analysts, data scientists, systems administrators, and help desk technicians.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

IBM Big Data Hub

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. Watsonx.data on AWS: Imagine having the power of data at your fingertips.

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Data-driven Insurance Digital Transformation Data Warehouse 109

Smart Data Collective

DECEMBER 1, 2022

The world of big data is constantly changing and evolving, and 2021 is no different. As we look ahead to 2022, there are four key trends that organizations should be aware of when it comes to big data: cloud computing, artificial intelligence, automated streaming analytics, and edge computing. Advancements in data storage techniques.

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Big Data Internet of Things Data-driven IoT 141

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. A crucial decision is needed in many financial sectors. Detection and prevention of fraud.

Insurance 119

Insurance Machine Learning Cost-Benefit Data-driven 119

Cloudera

FEBRUARY 7, 2024

How enterprise-grade data management creates better and more efficient care. This evolution of healthcare has set the stage for a new social acceptance of technology as a medium for healthcare delivery and remotely collected data as a key component to diagnosis.

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Data-driven Insurance Risk Enterprise 102