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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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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.

Testing 127
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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

But in 2013 and 2014, it remained stuck at 83% , and while in the ten years since, it has reached 95% , it had become clear that the easy money that came from acquiring more users was ending. Yet many of the most pressing risks are economic , embedded in the financial aims of the companies that control and manage AI systems and services.

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Alation Expands Commitment to Data Security and Privacy Through ISO 27001, ISO 27701, and SOC 2 Type II + HITECH

Alation

Otherwise, they run the risk of illegal usage from within or a malicious breach from without. With this shift, opportunities to leverage data more powerfully increase, but so do the risks. ISO/IEC 27001:2013 Supports Strong Data Security. They are imperatives. Ensuring Cloud Migration Data Security Is Essential.

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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 Agile Development

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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

A 2013 survey conducted by the IBM’s Institute of Business Value and the University of Oxford showed that 71% of the financial service firms had already adopted analytics and big data. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations.

Big Data 141
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UK Government: From cloud first to cloud appropriate?

Cloudera

Since 2013 the UK Government’s flagship ‘Cloud First’ policy has been at the forefront of enabling departments to shed their legacy IT architecture in order to meaningfully embrace digital transformation. The first is cloud concentration risk.