Alation

JULY 26, 2021

How do you initiate change within a system containing many thousands of people and millions of bytes of data? During my time as a data specialist at American Family Insurance, it became clear that we had to move away from the way things had been done in the past. About American Family Insurance. billion in 2020.

Insurance 98

Insurance Digital Transformation Enterprise Data Governance 98

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

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.

Big Data 139

Big Data Internet of Things Data-driven IoT 139

CIO Business Intelligence

FEBRUARY 21, 2024

It’s evolved over my 25 years as a CIO, but in general my approach has been a “listen-plan-act” model. What has your 100-day plan looked like historically? During that time, I also learn the dynamics of the business and evaluate our overall technology capabilities. These initial 30 days are really level-setting. I had to jump right in.

Scorecard 95

Scorecard Insurance Strategy Digital Transformation 95

CIO Business Intelligence

FEBRUARY 16, 2024

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. ADP remains the 500-pound gorilla in payroll and, with its rich data, can literally tell you what’s really moving the economy,” said Pete A. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 109

Digital Transformation Experimentation Cost-Benefit Machine Learning 109

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. . COVID-19 COMPLICATIONS AND MORE.

Insurance 72

Insurance Digital Transformation Unstructured Data Cost-Benefit 72

CIO Business Intelligence

MARCH 26, 2024

Collaboration with external partners allows enterprises to enhance their IT prowess, drive innovation, and bridge skill gaps more effectively amid a swiftly evolving digital landscape,” says Arpita Dwivedi, practice director at Everest Group. Staff augmentation and outsourcing are nothing new.

Recreation/Entertainment 118

Recreation/Entertainment Consulting Metrics Enterprise 118

AWS Big Data

MARCH 14, 2024

Kafka cluster overview In the fast-evolving landscape of distributed systems, VMware Tanzu CloudHealth’s next-generation microservices platform relies on Kafka as its messaging backbone. For us, Kafka’s high-performance distributed log system excels in handling massive data streams, making it indispensable for seamless communication.

Management 106

Management Insurance Optimization Strategy 106

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

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

APRIL 7, 2021

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

Insurance 57

Insurance Digital Transformation Internet of Things IoT 57

CIO Business Intelligence

JANUARY 11, 2023

Responding to both old and new challenges, IT leaders must reassess their business and technology strategies and, when necessary, realign them to address rapidly evolving business and economic concerns. This is no longer true. “As How well teams execute will be key.” The following eight priorities are gaining the most attention.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

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 122

Enterprise Modeling Testing Data-driven 122

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

MARCH 3, 2021

The legal sector is still in its infancy when it comes to big data and analytics. Lawyers and law experts are trying to figure it out, and consternation continues to shadow some corners because not everyone can quite understand what analytics is and how it can improve the personal injury law industry.

Analytics 126

Analytics Big Data Predictive Modeling Insurance 126

CIO Business Intelligence

JUNE 7, 2022

billion in cost savings for the insurance industry as well during the same period. . For banks, brokerages, insurance companies, fintech firms, and other financial services organizations, NLP is increasingly being seen as a solution to too much data and too few employees. The same study estimated that chatbots would lead to $1.3

Unstructured Data 87

Unstructured Data Deep Learning Insurance Interactive 87

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients.

Analytics 85

Analytics Insurance Big Data Uncertainty 85

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends.

Enterprise 103

Enterprise Interactive Data-driven Key Performance Indicator 103

CIO Business Intelligence

JUNE 16, 2022

Today, they run on data and that data is usually juggled, herded, curated, and organized by business process management (BPM) software. In the past, businesses were said to run on paper. BPM tools help organizations create, execute, optimize, and monitor business processes. The legal department can use contract tracking software.

Management 109

Management Insurance Software Digital Transformation 109

CIO Business Intelligence

MARCH 27, 2023

Integration with cognitive intelligence (context-sensitive knowledge management, predictive analytics, and similar) will be key for doing so. 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 110

Interactive Cost-Benefit Insurance Predictive Analytics 110

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. This is just a tip of the iceberg of the massive losses the Insurance sector is staring at due to COVID-19’s onset. The insurance industry —which, in the US alone, accounts for $1.2

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

Sisense

APRIL 15, 2021

Analytics is the future. Your company is gathering data (and has likely been doing so for years), and you’ve probably got a system or two to glean insights from that data to make smarter decisions. The good news is that augmented analytics will make your life a lot easier! Simplify analytics with AI.

Analytics 98

Analytics Data Science Modeling Machine Learning 98

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. But most of these tools fall far short of organization’s goals for the technology. The rise of chatbots… and their weaknesses.

Data Processing 87

Data Processing Deep Learning Insurance Cost-Benefit 87

CIO Business Intelligence

MARCH 8, 2023

Rather than just leveraging digital technology to seize new opportunities, such organisations are poised to create operating models for meeting evolving customer needs. Adversalo of Malayan Insurance Co., This is about being digital-first: to build digital businesses that are viable and sustainable in the long term. Maria Beatriz A.

Enterprise 91

Enterprise Digital Transformation Insurance Strategy 91

CIO Business Intelligence

JUNE 13, 2023

Here are nine big ideas, buzzwords, and evolving technologies that are starting to gather momentum today. IT departments must keep apprised of these newly emerging ideas and technologies as they evolve and ascertain when — and whether — the moment is right to deploy them for serious work.

IT 135

IT Scorecard Software Modeling 135

bridgei2i

NOVEMBER 25, 2020

Automated Sales & Underwriting Strategies can Transform Insurance. One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. Images 1: Challenges before insurance industry in the post-Corona world.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Smart Data Collective

JANUARY 26, 2022

Legal analytics is an evolving discipline that is changing the future of the legal profession. Law firms are expected to spend over $9 billion on legal analytics technology by 2028. But what is legal analytics? Last year, we published an article on the ways that big law and big data are intersecting.

Data Analytics 71

Data Analytics Analytics Predictive Analytics Insurance 71

Ontotext

JANUARY 29, 2024

In 2023, data leaders and enthusiasts were enamored of — and often distracted by — initiatives such as generative AI and cloud migration. I expect to see the following data and knowledge management trends emerge in 2024.

Strategy 52

Strategy Management Metadata Data-driven 52

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 market for marketing analytics technology is growing nearly 14% a year. Data analytics technology is very helpful for companies trying to optimize their social media marketing strategy.

Data Analytics 130

Data Analytics Analytics Advertising Big Data 130

Smart Data Collective

DECEMBER 8, 2021

Data security is very important in any industry. You have to take all possible measures to make sure data is properly encrypted and secured. However, data protection is even more important in the healthcare sector. There are special regulations regarding patient data, which you must carefully adhere to.

Insurance 110

Insurance Software Measurement Technology 110

bridgei2i

JULY 8, 2020

Episode 10: COVID-19 | Evolving Trends of Digital Transformation. COVID-19 | Evolving Trends of Digital Transformation. Listening time: 12 minutes. In this episode of the AI to Impact Podcast, Anand Ganesh and Vignesh CV delve into the various facets of digital transformation in the aftermath of COVID-19. Subscribe Now. Transcript.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

bridgei2i

MAY 20, 2020

Tourism and Hospitality are also largely affected, but in FS, insurance, and CPG, the impact is moderate. And since they involve making better decisions using data-driven insights, AI & Analytics led applications are leading the way forward. PODCAST: COVID 19 | Redefining Digital Enterprises. Listening time: 11 minutes.

Enterprise 98

Enterprise Digital Transformation B2B Insurance 98

AWS Big Data

JULY 11, 2023

Amazon OpenSearch Serverless helps you index, analyze, and search your logs and data using OpenSearch APIs and dashboards. The demo in this post uses an AWS Lambda -based client in a VPC to ingest data into a collection via a VPC endpoint and a browser in a public network accessing the same collection.

Dashboards 56

Dashboards Data Processing Insurance Big Data 56

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

CIO Business Intelligence

APRIL 19, 2022

As the process automation, process mining, and integration categories have evolved, the outcomes that vendors promise to have are sounding the same. Process automation began with two promises: uniting disparate systems together and unleashing the massive trove of data that sits within your processes and back-office functions.

Digital Transformation 103

Digital Transformation Insurance ROI Business Objectives 103

CIO Business Intelligence

APRIL 6, 2022

With artificial intelligence operations (AIOps), organizations can collect, analyze and act on real-time data faster. There are several factors that can reduce organizational efficiency: Infrastructure: Many IT environments have disparate systems in silos, making it difficult to accelerate the flow of data between systems.

Data mining 70

Data mining Deep Learning Insurance Digital Transformation 70

Sisense

NOVEMBER 5, 2020

HR departments around the world are embracing digital transformation to reshape business operations and address their future needs in an ever-evolving work world. All this data can significantly boost your business performance, but only if you have the tools to properly analyze it to find meaningful insights. That’s right!

People Analytics 85

People Analytics Analytics Digital Transformation Metrics 85