Smart Data Collective

JUNE 29, 2021

Many companies have been heavily impacted by big data. One of the industries most affected by data technology has been the insurance sector. In order to appreciate the role of big data in insurance, it is necessary to look at its historical context. This is no longer true than when it comes to data.

Insurance 129

Insurance Modeling IT Big Data 129

Smart Data Collective

MARCH 27, 2020

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Demographics. This includes: Age. Marital status.

Insurance 108

Insurance Measurement Risk Cost-Benefit 108

Cloudera

AUGUST 12, 2021

The report classified employees’ reasons for leaving into six broad categories such as growth opportunity and job security, demonstrating the importance of using performance data, data collected from voluntary departures and historical data to reduce attrition for strong performers and enhance employees’ well-being.

Data-driven 108

Data-driven Manufacturing Insurance Risk Management 108

IBM Big Data Hub

APRIL 24, 2024

Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. Even if the data is stolen in a cyberattack , hackers can’t use it. These access controls reduce the chances that the data is used for unauthorized or illegal purposes.

Risk 87

Risk Measurement Data Governance Insurance 87

IBM Big Data Hub

FEBRUARY 14, 2024

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. ML algorithms can predict patterns, improve accuracy, lower costs and reduce the risk of human error.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

CIO Business Intelligence

MAY 16, 2023

The industries these decision-makers represented include insurance, banking, healthcare and life sciences, government, entertainment, and energy in the U.S. Big Data collection at scale is increasing across industries, presenting opportunities for companies to develop AI models and leverage insights from that data.

Advertising 85

Advertising Recreation/Entertainment Experimentation Enterprise 85

IBM Big Data Hub

SEPTEMBER 28, 2023

This process is designed to help mitigate risks so that model outputs can be deployed responsibly with the assistance of watsonx.data and watsonx.governance (coming soon). Building transparency into IBM-developed AI models To date, many available AI models lack information about data provenance, testing and safety or performance parameters.

Testing 94

Testing Finance Enterprise Modeling 94