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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. For instance, the 2000 Honda Civic is the most stolen car in America and the Mitsubishi Mirage (in the 2013-2017 model range) has the most fatal crashes. With the technology available today, there’s even more data to draw from.

Insurance 106
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Indian government asks genAI developers to self-regulate

CIO Business Intelligence

The updated advisory on AI governance emphasizes the significance of industry self-regulation and proactive measures to tackle emerging challenges. Instead of the government acting as a watchdog, it aims to strike a balance between fostering innovation and mitigating potential risks associated with AI technologies.

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Three predictions for AI and automation business adoption

CIO Business Intelligence

As for how Gen AI’s benefits will be measured, Fleming said it depends on each organization’s existing business KPIs (key performance indicators). “But by next year, leadership will ask hard questions, such as: ‘How much will it cost to integrate Gen AI into our business?’ and ‘How does it improve our financial performance?’

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The unsung skill too many IT leaders shortchange

CIO Business Intelligence

Measuring communication efficacy It is perversely ironic that the discipline that makes measurement of just about everything possible — from caloric intake, to heartbeat, step count, location, blood sugar and quality of sleep — is perhaps the least and worst measured element of modern existence.

IT 94
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The history of ESG: A journey towards sustainable investing

IBM Big Data Hub

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important in investment decision-making over the years. In response, asset managers began to develop ESG strategies and metrics to measure the environmental and social impact of their investments.

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CIO Cloud Transformation Summit – taking the digital enterprise to new heights

CIO Business Intelligence

Corey hosts the podcast “Screaming in the Cloud” and “AWS Morning Brief” podcasts; and curates “Last Week in AWS,” a weekly newsletter summarising the latest in AWS news, blogs, and tools, sprinkled with snark and thoughtful analysis in equal measure. The CIO Boardroom will delve into what successful cloud strategies look like.

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Methods of Study Design – Experiments

Data Science 101

Reliability: It means measurements should have repeatable results. For eg: you measure the blood pressure of a person. Then after some time, you take the measurement again and there is a huge fluctuation in the result. So instruments should be checked well before taking measurements.