Smart Data Collective

OCTOBER 13, 2020

Deloitte Analytics author Ashwin Patil recently talked about the incredible benefits of big data in the automotive sector. His article focused primarily on the applications of big data in auto manufacturing. “At However, there are plenty of other applications of big data after the manufacturing process is finished.

Data-driven 132

Data-driven Big Data Manufacturing Insurance 132

Smart Data Collective

AUGUST 30, 2020

One of the biggest changes of an age of technology, is the entrance of “big data” into the world, which got noticed, globally, around 2010. Co-founder and Co-director of the MIT Initiative on the Digital Economy, Andrew MacAfee once said, “The world is one big data problem.”. are still fighting the last war.

Big Data 140

Big Data Data-driven Insurance Marketing 140

Smart Data Collective

NOVEMBER 9, 2021

The average consumer is unaware of the phenomenal benefits that big data provides. One of the biggest benefits of big data is that it can help improve driver safety. Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks.

Big Data 131

Big Data Manufacturing Risk Insurance 131

Smart Data Collective

MAY 16, 2022

Big data is changing the future of the healthcare industry. Healthcare providers are projected to spend over $58 billion on big data analytics by 2028. Healthcare organizations benefit from collecting greater amounts of data on their patients and service partners. However, data management is just as important.

Data-driven 103

Data-driven Data Processing Insurance Big Data 103

Smart Data Collective

JULY 26, 2023

Big data has become an invaluable aspect to most modern businesses. Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without.

Data-driven 74

Data-driven Management Sales Big Data 74

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 65

Insurance Cost-Benefit Digital Transformation Marketing 65

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Commercial Lines truly is an “uber industry” with respect to data. A Long, Long Time Ago.

Insurance 94

Insurance Risk Unstructured Data Data-driven 94

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 107

Insurance Measurement Risk Cost-Benefit 107

Cloudera

AUGUST 12, 2021

In my previous blog post, I shared examples of how data provides the foundation for a modern organization to understand and exceed customers’ expectations. Collecting workforce data as a tool for talent management. Collecting workforce data as a tool for talent management. Data enables Innovation & Agility.

Data-driven 107

Data-driven Manufacturing Insurance Risk Management 107

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling.

Insurance 52

Insurance Risk Deep Learning Data-driven 52

Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. One of the most important ways to utilize big data is with financial management. Data-driven financial management is likely more important than ever. Get the Right Insurance in Place.

Data Analytics 121

Data Analytics Insurance Analytics Cost-Benefit 121

Smart Data Collective

SEPTEMBER 15, 2019

Big data has brought major changes to countless industries. Healthcare, finance, criminal justice, and manufacturing have all been touched by advances in big data. However, big data is also transforming other industries. The music industry is relying more on big data than ever.

Big Data 78

Big Data Optimization Insurance Predictive Analytics 78

Smart Data Collective

OCTOBER 3, 2023

Healthcare providers are investing more heavily in big data technology, as they strive to deal with growing challenges such as declining operating margins and an increasingly complex regulatory environment. However, many healthcare providers lack the technology or knowledge to use data prudently.

Data Strategy 114

Data Strategy Strategy Insurance Data-driven 114

Smart Data Collective

MAY 30, 2019

Big data is changing the direction of customer service. They rely on big data to better serve customers. Namee Jani wrote a fascinating article on chatbots and data analytics last year. She said they are the next big thing in business optimization in her article on Towards Data Science.

Big Data 79

Big Data Machine Learning Insurance Cost-Benefit 79

Smart Data Collective

AUGUST 21, 2019

Millman has introduced some articles on the benefits of big data in the retirement industry. Wade Matterson wrote an article on LinkedIn on the value of big data for solving the retirement riddle. A growing body of research shows that big data can be invaluable for people planning for retirement.

Big Data 77

Big Data Cost-Benefit Insurance Data-driven 77

Smart Data Collective

NOVEMBER 17, 2021

Data analytics is becoming a crucial element of many business strategies. They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. However, other professions, such as musicians, are also relying more data analytics technology than ever.

Data Analytics 126

Data Analytics Analytics Advertising Data-driven 126

Sisense

AUGUST 19, 2020

The right use of data changes everything. Disrupting Markets is your window into how companies have digitally transformed their businesses, shaken up their industries, and even changed the world through the use of data and analytics. The use of big data analytics and cloud computing has spiked phenomenally during the last decade.

Big Data 52

Big Data Machine Learning Digital Transformation Marketing 52

Bruno Aziza

NOVEMBER 11, 2018

Allstate is proving that an 87-year-old insurance company can adapt and compete on data and analytics.

Data-driven 107

Data-driven Insurance Analytics Big Data 107

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

MAY 14, 2021

There are a number of new fields that have opened up due to recent advances in big data. Big data has played a huge role in the evolution of business development. One field that has emerged as a result of new developments in big data technology is the virtual agent. Healthcare.

Insurance 82

Insurance Big Data Cost-Benefit Data-driven 82

Smart Data Collective

NOVEMBER 1, 2020

Advances in big data are a double-edged sword in the fight against online scams and data breaches. The reason for this is that both cybersecurity professionals and cybercriminals are using data technology to their full advantage. Data Analytics is the First Line of Defense Against Online Criminals.

Data Analytics 101

Data Analytics Analytics Big Data Data-driven 101

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. CMOs Are Investing in the Benefits of Big Data. The demand for data analytics technology in the marketing will continue to grow as more executives recognize its benefits. Influencer marketing. Content marketing.

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Data Analytics Analytics Advertising Big Data 132

Alation

FEBRUARY 13, 2020

. - Andreas Kohlmaier, Head of Data Engineering at Munich Re 1. --> Ron Powell, independent analyst and industry expert for the BeyeNETWORK and executive producer of The World Transformed FastForward Series, interviews Andreas Kohlmaier, Head of Data Engineering at Munich Re. Sometimes they didn’t really know about each other.

Data-driven 52

Data-driven Data Lake Enterprise Analytics 52

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

Insurance 89

Insurance Data Warehouse Data-driven Unstructured Data 89

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Data analytics can even help them prepare for financial disasters. billion in the next two years. Fraud risks.

Data Analytics 115

Data Analytics Analytics Finance Data mining 115

IBM Big Data Hub

JANUARY 15, 2024

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., This partnership establishes a benchmark for digital transformation in the insurance industry, promoting innovation and achieving cost efficiency through AI-powered business automation.

Digital Transformation 79

Digital Transformation Insurance Optimization ROI 79

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

AWS Big Data

MARCH 14, 2024

For us, Kafka’s high-performance distributed log system excels in handling massive data streams, making it indispensable for seamless communication. The unwavering reliability of Kafka aligns with our commitment to data integrity. For more information, refer to Data protection in Amazon Managed Streaming for Apache Kafka.

Management 104

Management Insurance Optimization Strategy 104

IBM Big Data Hub

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. Watsonx.data on AWS: Imagine having the power of data at your fingertips.

Data-driven 117

Data-driven Insurance Digital Transformation Data Warehouse 117

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. A crucial decision is needed in many financial sectors. Detection and prevention of fraud.

Insurance 118

Insurance Machine Learning Cost-Benefit Data-driven 118

Smart Data Collective

NOVEMBER 17, 2021

Data analytics has become a crucial element of the financial industry. Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. However, large financial organizations aren’t the only ones relying on big data technology. Limitless Potential.

Analytics 111

Analytics Big Data Data-driven ROI 111

erwin

APRIL 11, 2019

Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. A number of high-profile data breaches and scandals have increased public awareness of the issue.

Insurance 100

Insurance Data-driven Data Governance Metadata 100

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 92

Cost-Benefit Insurance Unstructured Data Machine Learning 92

Smart Data Collective

JANUARY 26, 2022

Last year, we published an article on the ways that big law and big data are intersecting. Usually, the legal space lacked the data to measure appropriately and report its findings. As a result, big law firms have implemented data analytics a top-of-mind priority for in-house attorneys.

Data Analytics 72

Data Analytics Analytics Predictive Analytics Insurance 72

CIO Business Intelligence

JANUARY 19, 2023

The research, conducted by International Data Corporation (IDC) and commissioned by SUSE surveyed 838 respondents in 11 Asia/Pacific countries across a range of industries such as financial services and insurance, telecommunications, and government.

Software 137

Software Enterprise Digital Transformation Insurance 137

Smart Data Collective

FEBRUARY 28, 2023

Data analytics technology has had a profound impact on the state of the financial industry. A growing number of financial institutions are using analytics tools to make better investing decisions and insurers are using analytics technology to improve their underwriting processes.

Analytics 102

Analytics Data mining Finance Analytics Technologies 102