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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.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

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The Fellowship of the Metaverse: CIO, CMO, CCO and CHRO

CIO Business Intelligence

However, delay too long, and you also risk giving yourself an insurmountable technological handicap if uptake in your industry suddenly accelerates. While one of the precursors to the metaverse, SecondLife, proved in the short-term that such items could certainly be desirable (from 2003 to 2013 $3.2

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India’s advisory on LLM usage causes consternation

CIO Business Intelligence

The ministry’s reaction, in the form of an advisory issued Friday, has attracted criticism from India’s IT sector because of the restrictions it places on innovation and the compliance risk it places on some enterprises. While hyperscalers can implement measures to mitigate bias, claiming absolute neutrality may not be feasible.

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What is ITIL? Your guide to the IT Infrastructure Library

CIO Business Intelligence

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105
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Pros and Cons of Buying Cryptocurrency with Blockchain ATMs

Smart Data Collective

One of the benefits of new advances in blockchain has been with the development of bitcoin ATMs. Introduced in 2013 , Bitcoin Teller Machines (BTMs) are getting increasingly adopted, and the amount of their physical placements is expected to increase dramatically in the near future. The Pros of Using BTMs. The Cons of Using BTMs.

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Big Data Sets Impressive New Standards On Integrated Business Systems

Smart Data Collective

In 2013, Wired published a very interesting article about the role of big data in the field of integrated business systems. Integrated business systems provide a centralized repository where those benefits can be executed. If your business systems are not integrated, here are a few top benefits that you should consider.