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

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 58

Insurance Cost-Benefit Digital Transformation Marketing 58

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.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

DataRobot Blog

APRIL 29, 2022

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses.

Risk 111

Risk Modeling IT Risk Management 111

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. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

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 119

Digital Transformation Insurance Interactive Sales 119

CIO Business Intelligence

MARCH 12, 2024

Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits. Here are three strategies for getting it done. When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time.

ROI 120

ROI IT Manufacturing Metrics 120

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 135

Digital Transformation Insurance Recreation/Entertainment Machine Learning 135

Cloudera

MARCH 25, 2021

Data privacy is an increasingly complex and contentious topic. The appropriate use of data and transparency to the potential uses of the data are at the center of debate amongst the largest Big Tech companies. . It won’t matter if you can collect social media data or geo location data, images, etc.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

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

Jet Global

JUNE 5, 2023

To stay afloat during these turbulent times, it is important to maintain confidence in your data and effectively and efficiently respond to ongoing audits. While there are several arguments for a decentralized approach to tax, it increases risk of non-compliance, and the penalties for financial services companies can be staggering.

Insurance 52

Insurance Finance Forecasting Reporting 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

IBM Big Data Hub

JANUARY 15, 2024

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 69

Digital Transformation Insurance Optimization ROI 69

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

IBM Big Data Hub

NOVEMBER 20, 2023

The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ With the rise of generative AI comes an influx of data.

Digital Transformation 87

Digital Transformation Insurance Enterprise Data-driven 87

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. As a large enterprise, we have vast amounts of data from disparate sources,” she says.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

NOVEMBER 13, 2023

The changing landscape of IT, driven by rapid advances in technology and digital transformation, has seen a shift in CIOs’ responsibilities and challenges. But in reality, it’s about being flexible and adjusting strategies as things evolve,’’ he says. People perceive it as the enemy of thoughtful planning.

Digital Transformation 136

Digital Transformation Insurance Software Technology 136

Alation

FEBRUARY 20, 2020

Data: Fertilizer for Innovation. Data helps with both of these challenges. Data helps with both of these challenges. Data is the mechanism for resolving questions. In a data-driven organization, ideas and solutions can come from anywhere. The Role of the Chief Data Officer (CDO).

Data-driven 52

Data-driven Internet of Things Data Lake Strategy 52

CIO Business Intelligence

APRIL 24, 2024

Sales and marketing departments have long been at the forefront of embracing new technologies, and according to data provided by the Alexander Group, a revenue consultancy, 80% of hundreds of survey responses detailed that CROs have formally invested in AI for their marketing teams. But that could change. “I And that’s just the start.

Sales 125

Sales Finance Experimentation Cost-Benefit 125

Rita Sallam

JUNE 2, 2023

Are there mitigation strategies that show reasons for optimism? We explored these questions and more at our Bake-Offs and Show Floor Showdowns at our Data and Analytics Summit in London with 3,700 of our closest D&A friends and family. We did two Bake-Offs at the Gartner Data and Analytics Summit in London last week.

Optimization 52

Optimization Insurance Machine Learning Risk 52

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 127

Digital Transformation Strategy Technology Enterprise 127

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. CMOs Are Investing in the Benefits of Big Data. The demand for data analytics technology in the marketing will continue to grow as more executives recognize its benefits. Social Media Marketing. Paid social media advertising.

Data Analytics 133

Data Analytics Analytics Advertising Big Data 133

CIO Business Intelligence

AUGUST 1, 2023

As many CIOs prepare their 2024 budgets and digital transformation priorities, developing a strategy that seeks opportunities to evolve business models, targets near-term operational impacts, prioritizes where employees should experiment, and defines AI-related risk-mitigating plans is imperative.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Experimentation 98

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

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. Data analytics can even help them prepare for financial disasters. Fraud risks. billion in the next two years.

Data Analytics 116

Data Analytics Analytics Finance Data mining 116

IBM Big Data Hub

FEBRUARY 13, 2024

Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Imagine each data point as a glowing orb placed on a vast, multi-dimensional landscape.

Enterprise 121

Enterprise Modeling Testing Data-driven 121

CIO Business Intelligence

MAY 11, 2022

Asking the right questions to understand the business’ strategy and implementing architecture that supports the technology of the future is fundamental. Understanding business requirements, from technology recovery requirements to data loss tolerance, enables a dynamic technology strategy that morphs with the changing needs of the business.

Management 92

Management Testing Insurance Finance 92

CIO Business Intelligence

FEBRUARY 13, 2023

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. On-prem infrastructure will grow cold — with the exception of storage, Nardecchia says.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation. Data Centricity.

Data Governance 145

Data Governance IT Risk Data Lake 145

AWS Big Data

AUGUST 14, 2023

This post is the first in a series dedicated to the art and science of practical data mesh implementation (for an overview of data mesh, read the original whitepaper The data mesh shift ). Taken together, the posts in this series lay out some possible operating models for data mesh within an organization.

Management 81

Management Risk Measurement Optimization 81

IBM Big Data Hub

APRIL 10, 2024

In fact, 83% of IT executives feel that modernization is central to their organization’s strategy, but only 27% say their organizations have modernized the requisite workflows (including applications, data and underlying systems). Executives know they must modernize. Runtime modernization is a big step to curb such issues.

Cost-Benefit 92

Cost-Benefit Software Risk Marketing 92

Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? We explored these questions and more at our Bake-Offs and Show Floor Showdowns at our Data and Analytics Summit in Orlando with 4,000 of our closest D&A friends and family. What Data Did We Use? They could supplement this data with any other relevant data sets.

Optimization 52

Optimization Machine Learning Insurance Risk 52

Smart Data Collective

MARCH 31, 2022

Consequently, this knowledge gap can affect the company’s efficiency unless the necessary steps are taken to prepare a counter-strategy. Smart accountants also recognize the need to leverage data science in their profession. This will help reduce the risk of costly mistakes.

Machine Learning 107

Machine Learning Insurance Finance Cost-Benefit 107

Cloudera

MARCH 3, 2022

Whether the enterprise uses dozens or hundreds of data sources for multi-function analytics, all organizations can run into data governance issues. Bad data governance practices lead to data breaches, lawsuits, and regulatory fines — and no enterprise is immune. . Everyone Fails Data Governance. In 2019, the U.K.’s

Data Governance 98

Data Governance Enterprise Data Quality Metadata 98

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 84

Cost-Benefit Insurance Unstructured Data Machine Learning 84

CIO Business Intelligence

AUGUST 14, 2023

Typically quicker, micro transformations are more adaptable — and lower risk — than large-scale projects, helping organizations achieve tangible improvements faster. The shift required taking data systems, connecting and standardizing them, normalizing the data, and then aggregating the data back to a common database IT could pull from.

IT 87

IT Insurance Digital Transformation Broadcasting 87

O'Reilly on Data

OCTOBER 22, 2020

Understanding the company’s true purpose unlocks the business model and sheds light on what is useful to do with the data. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models. banking, insurance, etc.), How did you obtain your training data?

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Consulting Risk Cost-Benefit Modeling 292