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 98

Analytics Insurance Big Data Uncertainty 98

Decision Management Solutions

FEBRUARY 27, 2019

Matt Josefowticz wrote a great piece recently – Technology May be the Answer for Insurers, but What Was the Question? In this he argues that there are only three levers of value in insurance: 1. Manage Risk Better (aka underwriting and adjusting). Sell More. Cost Less to Operate. Sure, when that makes sense.

Insurance 40

Insurance Technology Business Driver Sales 40

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Database cluster – For this solution, we use an Amazon Aurora MySQL-Compatible Edition 8.0 version cluster.

Data Warehouse 121

Data Warehouse Dashboards Risk Management Risk 121

Cloudera

JULY 15, 2021

For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. . In this session we explored what firms are doing to approach the uncertainty with more predictability.

Risk 96

Risk Optimization Management Insurance 96

Cloudera

AUGUST 12, 2021

Streamlining operations with advanced analytics to preempt issues. Risk Management. A 2019 HBR article mentioned how organizational decisions backed by data have instilled more confidence and reduced risk. One of the more obvious use cases of data’s role in reducing risk is insurance policies. Conclusion.

Data-driven 107

Data-driven Manufacturing Insurance Risk Management 107

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. Highly Scalable.

Risk 86

Risk Marketing Technology Management 86

CIO Business Intelligence

OCTOBER 17, 2022

It’s designed to strengthen the security of EU financial firms, such as banks, insurance companies, investment firms and more, by imposing resilience requirements and regulating the supply chain. DORA requires EU financial institutions to assess their own cybersecurity and risk management maturity. Meeting the Challenges.

Risk Management 105

Risk Management Risk Enterprise Testing 105

Octopai

JULY 9, 2020

As a core principle of data management, all BI & Analytics teams engage with data lineage at some point to be able to visualize and understand how the data they process moves around throughout the various systems that make up their data environment. They then relayed that information to insurance companies.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. Risk Quantification and Analytics. Beyond assessing risk from a qualitative perspective, companies in many industries (e.g.,

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

CIO Business Intelligence

SEPTEMBER 29, 2022

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. Managing all of its facets, of course, requires many different approaches and tools to achieve beneficial outcomes, and Mano Mannoochahr, the companyâ??s s a unique role and itâ??s

Machine Learning 134

Machine Learning Insurance Technology Software 134

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 64

Data Strategy Strategy Enterprise Insurance 64

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 85

Risk Management Risk Management Measurement 85

bridgei2i

MAY 20, 2020

Tourism and Hospitality are also largely affected, but in FS, insurance, and CPG, the impact is moderate. And since they involve making better decisions using data-driven insights, AI & Analytics led applications are leading the way forward. So how does this data and analytics enable these models? Subscribe Now.

Enterprise 98

Enterprise Digital Transformation B2B Insurance 98

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. In the realm of sales, generative AI boosts team performance by providing deep analytics and insights into customer behavior.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

CIO Business Intelligence

MARCH 22, 2022

Fractal Analytics has appointed Manish Tiwari as its CIO. At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . Gururaj Rao moves to Aditya Birla Health Insurance. December 2021. Airtel CISO Manish Tiwari joins Fractal as CIO.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

Cloudera

SEPTEMBER 7, 2023

The way to manage this is by embedding data integration, data quality-monitoring, and other capabilities into the data platform itself , allowing financial firms to streamline these processes, and freeing them to focus on operationalizing AI solutions while promoting access to data, maintaining data quality, and ensuring compliance.

Insurance 78

Insurance Risk Data-driven Modeling 78

Smart Data Collective

FEBRUARY 2, 2021

However, some industries have more to benefit from Big Data than others and have reached impressive milestones because data science and data analytics have helped them streamline their operations. On the surface, the use of data analytics in hospitals and clinics offers an easy way to streamline operations and avoid human error.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

CIO Business Intelligence

MARCH 13, 2024

At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications. The biggest gains were seen in people who received the lowest grades on their first task.

IT 128

IT Consulting Testing Cost-Benefit 128

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 82

Insurance Data Architecture Risk Management Risk 82

bridgei2i

JULY 28, 2020

So, then we need systems, analysts, database administrators, people who can set in place, these types of backup systems for risk management. Listen to Dhritiman Chakrabarti, Advisor – People Analytics, BRIDGEi2i talk about the role of HR teams in mitigating the COVID-19 crisis and the redefinition of work in the new era.

Enterprise 98

Enterprise Digital Transformation Insurance B2B 98

IBM Big Data Hub

JULY 7, 2023

Ensuring that permissions are removed when no longer needed lessens the security risk. Manage third-party-related risks. Conduct regular reviews and remove permissions and authentications from employees who no longer need them.

Risk 40

Risk Data Governance Data Lake Data-driven 40

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. I am head of Products here, which comprises of R&D, Product Management and Global Customer support.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

FEBRUARY 8, 2024

” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.

Risk Management 80

Risk Management Risk Metrics Machine Learning 80

CIO Business Intelligence

DECEMBER 7, 2022

For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

JUNE 26, 2023

Consumer banks can use digital interactions to gather more customer data and apply real-time analytics to expand services and speed up processes. Machine-managed risk Risk management is a top-of-mind issue for all financial services firms. But there’s an opportunity in this shift.

Data-driven 98

Data-driven Insurance Risk Risk Management 98

IBM Big Data Hub

SEPTEMBER 14, 2023

insurance, banking, healthcare, etc.)—to insurance underwriting, claims processing, payment processing, fraud detection, medical data processing, etc.) Batch data transfer: Ad-hoc or scheduled batch data transfers between clouds for analytical processing, archiving, AI training or data migration.

Insurance 78

Insurance Data Processing Enterprise Risk 78

Cloudera

JUNE 23, 2021

Climate change is a challenge for insurers in some obvious ways, such as stronger and more frequent natural disasters. Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. These kinds of nuanced risk assessments require comprehensive solutions.

Insurance 52

Insurance Risk Modeling Risk Management 52

DataRobot Blog

JULY 21, 2022

If there is no forward-looking predictive component to the use case, it can probably be addressed with analytics and visualizations applied to historical data. Document assumptions and risks to develop a risk management strategy. Not every project needs machine learning. Define the business problem. Define project scope.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

Cloudera

MARCH 18, 2021

From a data management point of view, FRTB’s requirements will require greatly increased quantities of historical data, along with an increased need for analysis and intensive computation against this data. . In order to support a transition at this scale, banks will need to establish internal team alignment first.

Risk 55

Risk Machine Learning Risk Management Measurement 55

bridgei2i

APRIL 9, 2019

Let’s discuss in detail how AI-enabled analytics can help the financial sector. With AI, tasks that require a high degree of analytical thinking can be accomplished quickly. With AI, tasks that require a high degree of analytical thinking can be accomplished quickly. Automation. AI-driven Customer Assistance Banking.

Unstructured Data 69

Unstructured Data Sales Data-driven Finance 69

CIO Business Intelligence

FEBRUARY 3, 2023

The Queen’s death brings e-commerce innovation Hobbs joined The Royal Mint in January 2020, bringing 20 years of experience from financial services, where he worked for Barclays Bank, Barclaycard, Lloyds Banking Group and Admiral Insurance.

IT 52

IT Experimentation Scorecard Digital Transformation 52

bridgei2i

MAY 21, 2019

Let’s discuss in detail how AI-enabled analytics can help the financial sector. With AI, tasks that require a high degree of analytical thinking can be accomplished quickly. With AI, tasks that require a high degree of analytical thinking can be accomplished quickly. Automation. AI-driven Customer Assistance Banking.

Unstructured Data 40

Unstructured Data Sales Data-driven Finance 40

Domino Data Lab

FEBRUARY 4, 2019

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. The ability to measure results (risk-reducing evidence). Curiosity explored within a multi-disciplinary context is an antidote for the silo anti-pattern.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. A smaller number (16% of IT leaders and 11% of LOB) sought out CIO consultation to help evaluate and advise on choices using a risk management or governance lens.

Digital Transformation 130

Digital Transformation Strategy Technology Enterprise 130

Cloudera

DECEMBER 14, 2022

OCBC Bank optimizes customer experience & risk management with multi-phased data initiative. The company recently migrated to Cloudera Data Platform (CDP ) and CDP Machine Learning to power a number of solutions that have increased operational efficiency, enabled new revenue streams and improved risk management.

Data Strategy 77

Data Strategy Strategy IT Contextual Data 77

Andrew White

JANUARY 11, 2021

It was titled, The Gartner 2021 Leadership Vision for Data & Analytics Leaders. This was for the Chief Data Officer, or head of data and analytics. The fill report is here: Leadership Vision for 2021: Data and Analytics. What are you seeing as the differences between a Chief Analytics Officer and the Chief Data Officer?

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

AWS Big Data

AUGUST 14, 2023

For example, an insurance company with a property and casualty legal entity in North America and a life entity in Germany may need to implement DPPM separately within each entity. These data products may be widely used across business functions to support reporting and analytics, and—to a lesser extent—operational processes.

Management 77

Management Risk Measurement Optimization 77