bridgei2i

APRIL 16, 2020

In what was to be one of the most significant sports extravaganzas of the world, the Tokyo Summer Olympics 2020 was postponed after much dithering to 2021. Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. The insurance industry —which, in the US alone, accounts for $1.2

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

Cloudera

OCTOBER 21, 2020

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

Insurance 72

Insurance Unstructured Data Digital Transformation Cost-Benefit 72

CIO Business Intelligence

MARCH 18, 2024

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. Management of ICT third-party risk : Tasks firms with ensuring any third-party vendor is aligned with its security and digital resilience capabilities. What is DORA?

Risk Management 105

Risk Management Insurance Risk Testing 105

bridgei2i

MAY 4, 2020

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

Insurance 95

Insurance Enterprise Sales Digital Transformation 95

CIO Business Intelligence

MAY 27, 2024

Business leaders 10 years ago mostly focused on automation since the main objective of technology investment then was to drive down costs, decrease risk, and boost efficiency. These capabilities will need to be able to react to changing outcomes with predictable risk/reward scenarios. It’s a different world today.

IT 97

IT Strategy Risk Technology 97

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. billion in 2020. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. billion to bank fraud in 2021 , up 70% from 2020.

Marketing 109

Marketing Technology Insurance Machine Learning 109

Cloudera

NOVEMBER 24, 2020

This year, OVO has done just that, setting itself apart to win the Data Champions category at our 2020 Data Impact Awards. This category recognizes organizations whose IT administration provides the agility a business requires, without putting the business at risk, and embraces a pattern of technology adoption that prioritizes speed.

Insurance 73

Insurance Marketing Risk Finance 73

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Now, the first of those areas is definitely risk and portfolio management. So, both data and algorithms become important as we look to assess risk and portfolio management. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

Cloudera

DECEMBER 11, 2020

A recent McKinsey survey, cited in CRN , shows that worldwide, 58 percent of customer interactions were digital as of July 2020. Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Insurance

Insurance 94

Insurance Digital Transformation Unstructured Data Machine Learning 94

Rita Sallam

JUNE 2, 2023

In 2020, we analyzed population health data. 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

Optimization 52

Optimization Insurance Machine Learning Risk 52

Cloudera

AUGUST 12, 2021

A 2020 retention report by the Work Institute revealed that over 42 million employees in the US left their jobs voluntarily in 2019, and this trend appeared to be increasing. Risk Management. A 2019 HBR article mentioned how organizational decisions backed by data have instilled more confidence and reduced risk. Conclusion.

Data-driven 109

Data-driven Manufacturing Insurance Risk Management 109

Smart Data Collective

OCTOBER 31, 2022

As the Internet of Things becomes increasingly instrumental in the workplace, company and consumer data risk grow. HIPAA – The Health Insurance Portability and Accountability Act (enacted in 1996) is a series of regulations for the healthcare industry to ensure that patient data remains private and secure. Diversified Training.

Internet of Things 114

Internet of Things IoT Risk Measurement 114

Smart Data Collective

NOVEMBER 3, 2021

We have talked extensively about the role of AI in investment management and insurance. They currently spend just under $4 billion in 2020. The Deloitte report says that in the second quarter of 2020 the largest 100 banks in the USA reported $103.4 The banking industry is among them. Digital banking market.

Software 120

Software Data-driven Interactive Insurance 120

CIO Business Intelligence

MAY 9, 2022

Whether it is individuals or businesses, financial institutions or investors, regulators or insurers, everyone in the ‘economic community’ is aware making ethical decisions is no longer just ‘wokeness’—it makes good business sense too. Capital flow into ESG funds more than doubled during 2020. mutual funds in 2020. In the U.S.

Insurance 86

Insurance Risk Risk Management Enterprise 86

O'Reilly on Data

MAY 18, 2020

Garbage in, garbage out still holds in 2020. This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk.

Risk 357

Risk Modeling Data Processing Software 357

CIO Business Intelligence

MARCH 22, 2022

At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . A former CIO100 India winner, Bari has also previously held leadership roles at Max Life Insurance, HT Media, and SBI Card. Gururaj Rao moves to Aditya Birla Health Insurance.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

Rita Sallam

APRIL 2, 2023

In 2020, we analyzed population health data. 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

Optimization 52

Optimization Machine Learning Insurance Risk 52

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients.

Analytics 90

Analytics Insurance Big Data Uncertainty 90

Smart Data Collective

JANUARY 17, 2020

From predicting risk factors to helping cure disease, Big Data in healthcare is multi-faceted. Through the use of Big Data, opioid usage can easily be tracked and any risk factors for the potential misuse of opioids can be flagged before they happen. Experts recognize that its benefits go well beyond the needs of individual consumers.

Big Data 106

Big Data Insurance Risk Testing 106

CIO Business Intelligence

APRIL 27, 2022

For example, during the first weeks of the COVID-19 pandemic, cyber insurers had significant concerns about the security risks incurred with so many employees suddenly working from home. The risks are numerous. Working remotely doesn’t have to mean an enterprise incurs additional security and data protection risks.

Management 52

Management Insurance Risk Software 52

Smart Data Collective

JANUARY 19, 2021

Also, it states, in 2019 and 2020 cryptocurrencies have been on the road to recovery potentially entering a bull market. Many companies like Amazon, Walmart, and Ford use blockchain technology to track supply chains which have increased trust and reduced risks with consumers and investors.

Finance 138

Finance Insurance Marketing Uncertainty 138

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 102

Insurance Digital Transformation Unstructured Data Risk 102

CIO Business Intelligence

JANUARY 20, 2023

Yet, enabling these amazing patient outcomes through IoT technology brings with it an associated set of security risks to hospitals and patients that are in the news far too often. But ransomware isn’t the only risk. Why Medical IoT Devices Are at Risk There are a number of reasons why medical IoT devices are at risk.

IoT 80

IoT Risk Insurance Machine Learning 80

IBM Big Data Hub

JULY 11, 2023

AI-enabled robots can work around sensitive organs and tissues, reducing blood loss, infection risk and post-surgery pain. Census Bureau , 28 million Americans didn’t have health insurance in 2020, and even those with insurance don’t always have coverage for every type of screening they need.

Deep Learning 57

Deep Learning Cost-Benefit Insurance Machine Learning 57

Smart Data Collective

APRIL 13, 2021

Big data is capable of producing volumes of data that can then be converted into valuable insights with analytics and AI to identify and address patients with multiple conditions, patients who are at a heightened risk of illness and patients showing symptoms of certain illnesses through their early stages.

Big Data 117

Big Data Insurance Data Analytics Technology 117

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Andrew White

DECEMBER 16, 2021

That was a tough year since we had just come off 2020 with Covid turning the world upside down. Of course, any assumptions about 2020 in 2019 were blown out of the water. It is everything, from raw materials to consumer goods to insurance to healthcare. This might stave off panic and help mitigate risks.

Forecasting 102

Forecasting Insurance Strategy Marketing 102

Cloudera

MARCH 3, 2022

The medical insurance company wasn’t hacked, but its customers’ data was compromised through a third-party vendor’s employee. In the 2020 O’Reilly Data Quality survey only 20% of respondents say their organizations publish information about data provenance or data lineage internally. From Bad to Worse.

Data Governance 98

Data Governance Enterprise Data Quality Metadata 98

bridgei2i

MAY 20, 2020

Tourism and Hospitality are also largely affected, but in FS, insurance, and CPG, the impact is moderate. To give a brief introduction, he has over two decades of experience in Analytics, Big data and AI delivery across banking and financial services, commercial finance, insurance, e-commerce, retail, and supply chain.

Enterprise 98

Enterprise B2B Digital Transformation Insurance 98

DataRobot

AUGUST 9, 2021

General Data Protection Regulation, California Consumer Privacy Act, SR 11-7 Guidance on Model Risk Management, etc). A growing number of businesses in the financial sector, such as banks, insurance, and payment card companies, may be liable for hefty fines and penalties due to non-compliance with standard industry regulations.

Machine Learning 52

Machine Learning Risk Testing Insurance 52

erwin

APRIL 11, 2019

Some suggest the California Consumer Privacy Act (CCPA), which takes effect January 1, 2020, sets a precedent other states will follow by empowering consumers to set limits on how companies can use their personal information. California recently passed a law that gives residents the right to control the data companies collect about them.

Insurance 100

Insurance Data-driven Data Governance Metadata 100

erwin

FEBRUARY 19, 2021

Is it sensitive or are there any risks associated with it? erwin has been named a leader in the Gartner 2020 “Magic Quadrant for Metadata Management Solutions” for two consecutive years. Click here to download the full Gartner 2020 “Magic Quadrant for Metadata Management Solutions” report. Where did it come from? Harvest data.

Metadata 110

Metadata Management Data Quality Cost-Benefit 110

CIO Business Intelligence

MARCH 24, 2022

But it is safe to say that Sonnenstein understands something about investment risk and when it’s time to double down on a strong hand. According to IDC, IBM sold more than 4,300 IBM Z systems in 2020, for approximately $3.5 “I’m a banking technologist,” says the CIO for retail, business, and digital banking at M&T Bank.

Strategy 144

Strategy Marketing Testing Software 144

Alation

MARCH 17, 2022

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. They are imperatives. Ensuring Cloud Migration Data Security Is Essential. Ensuring cloud migration data security is essential.

Reporting 52

Reporting Risk Insurance Data Processing 52

Sisense

NOVEMBER 5, 2020

Seventy-four percent of respondents to a recent PWC survey plan to increase spending on HR tech in 2020. In the last five years, the number of HR professionals with data analysis skills has increased by 242%, according to a 2020 survey by LinkedIn. They were estimating lost revenue of upwards of $1 billion for the balance of 2020.

People Analytics 85

People Analytics Analytics Digital Transformation Metrics 85

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. This almost always results in lack of adoption, and can also expose an organization to risk.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

IBM Big Data Hub

OCTOBER 9, 2023

The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%. This helps the risk control and limits the probability of the occurrence of data leaks or cyberattacks. Patient Safety : Ensuring that mobile medical devices are safe and reliable is a must.

Risk Management 80

Risk Management Risk Management Measurement 80