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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. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 106
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Indian government asks genAI developers to self-regulate

CIO Business Intelligence

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. The updated advisory on AI governance emphasizes the significance of industry self-regulation and proactive measures to tackle emerging challenges.

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Gartner D&A Summit Bake-Offs Explored Flooding Impact And Reasons for Optimism!

Rita Sallam

Qlik Key Findings: In the US alone, there’s $367 billion in agricultural commodities at risk to flooding in the US alone. A large part of under-developed Asian countries ranging from Bangladesh to Vietnam are at high risk of flooding events. In 2000, the Netherlands had 8.5 million people at risk of catastrophic, flooding.

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Mastercard preps for the post-quantum cybersecurity threat

CIO Business Intelligence

We’re working proactively to mitigate the future risks related to quantum computing that could impact the security of the billions of digital transactions we process globally,” says George Maddaloni, chief technology officer of operations at Mastercard, explaining the impetus for the project. Miller agrees.

Testing 138
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Your AI journey: Destined for the ditch?

CIO Business Intelligence

That’s the current state of AI at Global 2000 enterprises, whose behavior set thus far in the AI space appears to be designed more to avoid embarrassment than to maximize value creation. Others don’t want to leave home. Very few have a map or a mutually agreed upon destination. And only a tiny fraction have the appropriate shoes.

Insurance 105
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Predictive Analytics Made Last Summer The Season Of Altcoins

Smart Data Collective

But it’s clear they need help in choosing the best altcoins to buy from the more than 2000 high-risk cryptocurrencies available. High Profit Potential Matched by High Volatility and High Risk. What is clear is that high volatility and high risk mean that “caveat emptor” was never more applicable than in the crypto marketplace.

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The Role of Mainframe in Modern Business

CIO Business Intelligence

When people hear the term mainframe they typically think of a tall, black computer in a storage closet or some 2000’s pop culture reference (e.g., Due to high costs and elevated risk, organizations that rely on mainframes cannot afford to completely make the switch to the cloud. By Milan Shetti, CEO Rocket Software. The Matrix).