Smart Data Collective

MAY 8, 2022

Many fleet management companies were reluctant to embrace the power of big data a decade ago. Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. The fleet management industry is no exception.

Optimization 103

Optimization Data Analytics Management Analytics 103

IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 54

Insurance Digital Transformation Risk Management Interactive 54

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. Underwriting

Insurance 52

Insurance Risk Deep Learning Data-driven 52

datapine

AUGUST 20, 2019

Consumer data: Data transmitted by customers including, banking records, banking data, stock market transactions, employee benefits, insurance claims, etc. Operations data: Data generated from a set of operations such as orders, online transactions, competitor analytics, sales data, point of sales data, pricing data, etc.

Big Data 100

Big Data B2B Cost-Benefit Structured Data 100

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 11, 2022

There are many great benefits of using data analytics to improve financial management strategies. Many investors are using data analytics to invest in stocks. Insurance companies are using data analytics to improve their actuarial processes. You should do your due diligence when establishing this process.

Data Analytics 116

Data Analytics Optimization Analytics Cost-Benefit 116

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. Search Engine Optimization.

Data Analytics 133

Data Analytics Analytics Advertising Big Data 133

AWS Big Data

MARCH 14, 2024

VMware Tanzu CloudHealth is the cloud cost management platform of choice for more than 20,000 organizations worldwide, who rely on it to optimize and govern their largest and most complex multi-cloud environments. It also showcased how the chosen setup accelerates data transfer, optimizing both time and resources.

Management 110

Management Insurance Optimization Strategy 110

IBM Big Data Hub

JANUARY 15, 2024

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 71

Digital Transformation Insurance Optimization ROI 71

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

Cloudera

JUNE 13, 2023

Australia and New Zealand Banking Group (ANZ), one of Australia’s Big Four banks and one of New Zealand’s top banks, offers commercial and retail banking and financial services from more than 1,100 branches and offices.

Data-driven 77

Data-driven Analytics Insurance Big Data 77

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

NOVEMBER 17, 2021

They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. We have talked extensively about the types of industries that have been positively impacted by data analytics. Data Analytics is Helping Many Spotify Musicians Improve Their Reach.

Data Analytics 127

Data Analytics Analytics Advertising Data-driven 127

IBM Big Data Hub

OCTOBER 30, 2023

IBM and AWS partnership focuses on delivering solutions in areas like: Supply chain optimization with AI-infused Planning Analytics IBM Planning Analytics on AWS offers a powerful platform for supply chain optimization, blending IBM’s analytics expertise with AWS’s cloud capabilities.

Insurance 82

Insurance Data Warehouse Data-driven Unstructured Data 82

Smart Data Collective

JUNE 30, 2022

You would also discover the big data is at the heart and soul of modern organizational practices. More companies are using data analytics to optimize their business models in creative ways. The IoT has helped improve logistics , but big data has been even more impactful. Optimized inventory management.

Analytics 110

Analytics Cost-Benefit Analytics Technologies Big Data 110

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. Generative AI can speed and optimize product design by helping companies create multiple design options.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

AWS Big Data

AUGUST 2, 2023

OpenSearch Service uses the indexed data to provide near-real-time visualization and enable efficient ticket analysis through K-Nearest Neighbor (KNN) search , enhancing productivity and optimizing data operations. Sheel Saket is a Senior Data Science Manager at FIS in Chicago, Illinois. Want to know more?

Visualization 84

Visualization Insurance Cost-Benefit Finance 84

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. Here’s why.

Data-driven 103

Data-driven Cost-Benefit Data mining 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

CIO Business Intelligence

JUNE 12, 2023

Vodafone Automotive developed an innovative program to help insurance companies tailor policies more precisely. It equips fleet vehicles with a device that collects data about vehicle location, speed, and acceleration. Everything from R&D to clinical trials to yield optimization needs to be tracked.”

Manufacturing 52

Manufacturing Insurance Uncertainty Big Data 52

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. One of the more obvious use cases of data’s role in reducing risk is insurance policies.

Data-driven 109

Data-driven Manufacturing Insurance Risk Management 109

Smart Data Collective

SEPTEMBER 16, 2020

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. These predictive models can be used by enterprise marketers to more effectively develop predictions of future user behaviors based on the sourced historical data.

Predictive Analytics 121

Predictive Analytics Analytics Predictive Modeling Data mining 121

Smart Data Collective

JUNE 5, 2023

Big data technology is changing our lives in tremendous ways. It optimizes energy consumption, reducing your bills and helping the planet too. Besides offering peace of mind, these features can reduce home insurance premiums. One of the most significant changes has been the invention of smart homes.

Cost-Benefit 91

Cost-Benefit Insurance Big Data Predictive Analytics 91

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

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. Today we have with us Muthu Kumar, Senior VP and Region Head, APAC & ME at BRIDGEi2i.

Enterprise 98

Enterprise B2B Digital Transformation Insurance 98

AWS Big Data

MAY 4, 2023

The rule requires health insurers to provide clear and concise information to consumers about their health plan benefits, including costs and coverage details. The Transparency in Coverage rule also requires insurers to make available data files that contain detailed information on the prices they negotiate with health care providers.

Insurance 84

Insurance Publishing Cost-Benefit Data Lake 84

Domino Data Lab

MARCH 11, 2021

Machine learning (ML) frameworks are interfaces that allow data scientists and developers to build and deploy machine learning models faster and easier. Machine learning is used in almost every industry, notably finance , insurance , healthcare , and marketing. Parameter Optimization.

Machine Learning 143

Machine Learning Deep Learning Insurance Modeling 143

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Being able to inform your strategies with actual facts instead of intuition will enable you to optimize your resources and ensure you are continuously improving.

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

JANUARY 18, 2024

You can optimize processes that previously relied on human interaction, benefiting your staff by improving their user experiences with customers and reducing employee turnover. Insurance Your customers seek real-time, personalized and accurate responses whether they’re requesting quotes , filing an insurance claim or making payments.

Cost-Benefit 90

Cost-Benefit Interactive Sales Insurance 90

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. Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

AWS Big Data

FEBRUARY 1, 2024

Trade quality and optimization – In order to monitor and optimize trade quality, you need to continually evaluate market characteristics such as volume, direction, market depth, fill rate, and other benchmarks related to the completion of trades.

Data Warehouse 125

Data Warehouse Dashboards Risk Management Risk 125

AWS Big Data

AUGUST 14, 2023

R Domain Architect Responsible for the implementing screening, data product analysis, periodic evaluation, and optimal portfolio selection practices. Legal & Compliance C Legal & Compliance Officer Consults on permissibility of data products with reference to local regulation.

Management 82

Management Risk Measurement Optimization 82

Domino Data Lab

JULY 28, 2021

It is the job of a data scientist to navigate these subtle differences, pick the model that aligns best with the problem statement, optimize and monitor performance and translate the findings back into a business context. At this stage, data scientists begin writing code for computation and model-building.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

bridgei2i

FEBRUARY 21, 2019

The Optimizer helps businesses simulate and test scenarios for better forecasting and planning, optimal spend allocation and effective utilization of resources, and Converser makes the entire experience real by leveraging its conversational AI and interactive experiences in conjunction with Watchtower, Recommender, and Optimizer.

Digital Transformation 66

Digital Transformation Analytics Sales KPI 66

AWS Big Data

JUNE 6, 2023

Built on open-source – AWS Glue Data Quality is built on open-source DeeQu , a library that is used internally by Amazon to manage the quality of data lakes over 60 PB. DeeQu is optimized to run data quality rules in minimal passes that makes it efficient. Brian Ross is a Senior Software Development Manager at AWS.

Data Quality 96

Data Quality Statistics Data Lake Visualization 96

erwin

JUNE 27, 2019

The need for an effective data modeling tool is more significant than ever. For decades, data modeling has provided the optimal way to design and deploy new relational databases with high-quality data sources and support application development. Simplify collaboration across key roles and improve information alignment.

Measurement 81

Measurement Modeling Unstructured Data Metadata 81

Smart Data Collective

MAY 29, 2022

Data analytics is prevalent in all sectors. The top industries that rely heavily on data analytics are Information Technology services, Manufacturing and Retail businesses, and Finance and Insurance companies. However, data analytics is now used across all domains and sectors. Apply analytical diligence.

Data Analytics 133

Data Analytics Analytics Strategy Insurance 133