Alation

MARCH 17, 2022

Indeed, every organization that collects and manages data must ensure responsible data usage and appropriate cybersecurity measures are in place. 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.

Reporting 52

Reporting Risk Insurance Data Processing 52

CIO Business Intelligence

OCTOBER 20, 2023

Nearly 40% of the company’s business processes have now been digitized, and filing claim time — a key measure of customer satisfaction — has been reduced from four minutes to 43 seconds, according to the company. informally dubbed MyStory, which vastly reduces the time for customers to report a claim after an accident or incident.

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

Cloudera

JUNE 22, 2022

Across the globe, cloud concentration risk is coming under greater scrutiny. The proposal would grant authority to classify a third party as “critical” to the financial stability and welfare of the UK financial system, and then provide governance in order to minimize the potential systemic risk. We all know the drill. .

Insurance 86

Insurance Risk Marketing Data Processing 86

IBM Big Data Hub

AUGUST 9, 2023

Since 2019, the number of phishing attacks has grown by 150% percent per year— with the Anti-Phishing Working Group (APWG) reporting an all-time high for phishing in 2022 , logging more than 4.7 Why phishing simulations are important Recent statistics show phishing threats continue to rise. million phishing sites.

Testing 74

Testing Measurement Behavioral Analytics Reporting 74

Cloudera

NOVEMBER 16, 2020

Globally, RGA research shows that 3.58% of all claims are fraudulent, and underwriting fraud is reported in 1.38% of all underwriting cases. . million in 2019 to $7.9 from 2019 to 2024. Yet, fraud in the U.S. is relatively low compared to other fast-growing markets such as APAC. million by 2024, a CAGR of 25.8%

Insurance 104

Insurance ROI Marketing Machine Learning 104

Smart Data Collective

NOVEMBER 9, 2021

Big Data is the Key to Addressing Driver Safety Risks. They have accumulated a lot of data on their drivers and are using it to help address these kids of risks. Fortunately, the same era of big data technology that brought the devices creating these risks could also bring the solutions to them. What is Distracted Driving?

Big Data 131

Big Data Manufacturing Risk Insurance 131

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

Smart Data Collective

JUNE 3, 2021

According to a study by Capgemini (2019), 34% of respondents from insurance companies confirm the use of machine learning (AI) in operations. Banks and insurance firms are deriving high benefits from AI in customer engagements, yet the initiatives are not scaled,” the report states. It can learn to recognize patterns over time.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. Currency amounts reported in Taiwan dollars. Sensitivity analysis.

Machine Learning 187

Machine Learning Modeling Testing Risk Management 187

DataRobot

AUGUST 5, 2021

In 2019, Utah struck a deal with Banjo, a threat detection firm selling AI services to process live traffic feeds, dispatch logs, and other data. The auditor’s report contained both good news and bad news. The good news was the software posed less risk to privacy than suspected. ” AI Doomsaying.

Uncertainty 98

Uncertainty Sales Risk Statistics 98

Smart Data Collective

JUNE 27, 2022

In fact, according to Gartner , it is expected that business owners will spend $750 million on investing in ineffective features of IT tools, up from $600 million in 2019. They implement the best practices and regularly measure the performance to understand which areas need improvement.

Data-driven 107

Data-driven Management IT Big Data 107

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure.

IT 52

IT Cost-Benefit Data Processing Risk 52

Smart Data Collective

JANUARY 22, 2020

What measures are essential to keep your sensitive data confidential? Risks Associated with Cloud Computing. According to Risk Based Security research published in the 2019 MidYear QuickView Data Breach Report, during the first six months of 2019, there were more than 3,800 publicly disclosed breaches exposing 4.1

Data Processing 57

Data Processing Measurement Risk Data Warehouse 57

CIO Business Intelligence

MAY 16, 2022

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. In 2011, another update — dubbed ITIL 2011 — was published under the Cabinet Office.

IT 105

IT Cost-Benefit ROI Risk 105

Cloudera

DECEMBER 11, 2020

That compares to only 36 percent of customer interactions as of December 2019, which was before the pandemic impacted business, and only 20 percent in May 2018. Insurance and finance are two industries that rely on measuring risk with historical data models. Data Variety.

Insurance 97

Insurance Digital Transformation Unstructured Data Machine Learning 97

Smart Data Collective

DECEMBER 18, 2020

However, Search Engine Journal reports that the issue isn’t directly the fault of any frailty within Google Analytics itself, rather it exploits the trusted status given to the analytics engine by all browsers in order to steal information from hacked sites by utilizing Google Analytics as a middleman for transferring that data.

Analytics 82

Analytics Broadcasting Measurement Data Processing 82

CIO Business Intelligence

JANUARY 12, 2023

In last year’s Digitization of African Agriculture report, which the ACP compiles, it details how 33 million small-scale farmers and pastoralists registered with Digital for Agriculture (D4Ag) solutions across the continent in 2019, adding that it’s expected to rise to 200 million by 2030.

IoT 143

IoT Consulting Internet of Things Technology 143

FineReport

FEBRUARY 25, 2020

Only by knowing the epidemic situation in time can we deploy timely prevention and control measures. Traditional paper and pen registrations have the risk of contracting viruses with each other, and managers can’t view the entry and exit records in real time. Top 10 Free and Open Source Reporting Tools in 2020. Conclusion.

Data Collection 96

Data Collection IT Dashboards Reporting 96

Cloudera

MARCH 30, 2022

A report by Adobe found that 57% of consumers would stop purchasing from a brand if they were victims of identity theft due to a data breach. Salesforce famously hired one back in 2019 — and other organizations are now following suit. But when organizations do make an effort to foster trust, it pays off.

Data-driven 122

Data-driven Marketing Measurement Modeling 122

Cloudera

MAY 27, 2021

Turning a blind eye to problems or applying half measures isn’t going to work. By far the greatest danger of Artificial Intelligence is that people conclude too early that they understand it,” AI researcher Eliezer Yudkowsky wrote in a paper titled, “ Artificial Intelligence as a Positive and Negative Factor in Global Risk.” .

Machine Learning 119

Machine Learning Big Data Consulting Technology 119

FineReport

FEBRUARY 25, 2020

Only by knowing the epidemic situation in time can we deploy timely prevention and control measures. Traditional paper and pen registrations have the risk of contracting viruses with each other, and managers can’t view the entry and exit records in real time. Top 10 Free and Open Source Reporting Tools in 2020. Conclusion.

Data Collection 59

Data Collection IT Dashboards Reporting 59

CDW Research Hub

OCTOBER 23, 2019

Capital One made world news waves on July 19, 2019, when it was reported they had suffered a security breach that resulted in the loss of 30GB of data. This data loss affected 106 million people in North America and included data submitted on credit card applications from 2005 to early 2019. When you’re not the first to know.

Risk 40

Risk Software Testing Management 40

Andrew White

MAY 19, 2023

Total population is declining and is aging ( UN, 2019 ; China 2023) Working-age population, that pays taxes, is declining ( PRB ). Our research looks at the implications of these trends, and what actions organization’s might take to either mitigate the risk, or exploit the opportunity. Demographic dynamism is in decline.

Measurement 52

Measurement Forecasting Dashboards Marketing 52

erwin

DECEMBER 20, 2018

Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. The driving factors behind data governance adoption vary. Data Governance Readiness: The Five Pillars.

Data Governance 40

Data Governance ROI Risk Management Metadata 40

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

datapine

OCTOBER 21, 2020

With today’s always-improving technologies, it becomes easier not only to collect such data but also to create comprehensive healthcare reports and convert them into relevant critical insights, that can then be used to provide better care. If you put on too many workers, you run the risk of having unnecessary labor costs add up.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. In 2019, Netflix alone released 371 new TV shows and movies. Input page for ReelRisk.

Risk 67

Risk ROI Modeling Metrics 67

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Domino Data Lab

APRIL 3, 2019

Data governance shows up as the fourth-most-popular kind of solution that enterprise teams were adopting or evaluating during 2019. Also, while surveying the literature two key drivers stood out: Risk management is the thin-edge-of-the-wedge ?for Rinse, lather, repeat. Those are table stakes in this game. a second priority?at

Data Governance 84

Data Governance Machine Learning Metadata Big Data 84

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Taking measurements at parameter settings further from control parameter settings leads to a lower variance estimate of the slope of the line relating the metric to the parameter.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

CIO Business Intelligence

APRIL 7, 2022

The number of people quitting their jobs has been unprecedented throughout the pandemic, hitting a record high of 48 million people in 2020, up from 42 million in 2019, which was the previous record high. KPMG calculates a score for an employee’s risk of attrition, tries to identify a reason for that, and then suggests a remediation.

Consulting 145

Consulting Management Interactive Metadata 145

Domino Data Lab

MAY 8, 2019

That’s a risk in case, say, legislators – who don’t understand the nuances of machine learning – attempt to define a single meaning of the word interpret. Visualizations are vital in data science work, with the caveat that the information that they convey may be 4-5 layers of abstraction away from the actual business process being measured.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Domino Data Lab

FEBRUARY 4, 2019

This edition of the conference will be held May 23–24, 2019 in NYC, where we’ll focus on data science as a team sport: leadership , practices , how teams work. Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. ethics in AI.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Insight

MARCH 8, 2019

Insight is committed to helping more women launch careers in tech , so in celebration of International Women’s Day 2019, we wanted to share a few of the projects completed by women participating in the January 2019 Data Science and Health Data Science sessions. A team of four Fellows from our Silicon Valley programs?

Data Science 75

Data Science Sales Machine Learning Reporting 75

Domino Data Lab

AUGUST 8, 2019

Sci Foo 2019. Their approach is to bombard “organoid” mini brains living in vats with potential cancer meds, to measure the meds’ relative effects. For example, meeting Carole Goble was one of the top highlights of Sci Foo 2019 for me. The probabilistic nature changes the risks and process required.

Data Science 71

Data Science Machine Learning Data Governance Statistics 71

datapine

FEBRUARY 23, 2023

In our example above, we are showing Revenue by Payment Method for all of 2019. It also becomes difficult to label the pie chart, and valuable online dashboard /reporting real estate is often wasted in the process. The gauge chart is often used in executive dashboards and reports to display progress against key business indicators.

Visualization 177

Visualization Dashboards Sales Measurement 177

Smart Data Collective

JUNE 26, 2019

Or, dark data could open your company to regulatory risks if you cannot retrieve requested information during an audit. Instead of being overly concerned about the business investment required for that software, think of the risks to your company if you continue to ignore your unclassified data and the blind spots it causes.

ROI 102

ROI Statistics Machine Learning Measurement 102