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Using Technology to Grow Relationship Value in Insurance?

Decision Management Solutions

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

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Predictive Analytics: The Next Frontier of Business Intelligence

Sisense

Tie-in to business objectives: Predictive analytics don’t exist for their own good. They must support broader business goals. Nonemergency applications of predictive analytics in healthcare could include predicting hospital facilities utilization, modifying pharmaceutical formulas, or creating insurance plans.

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Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

This can cause certain business problems with both your data points as well as your data analytics, web analytics , and response variable. Many business processes are trending towards the utility of the business intelligence sphere, especially where certain predictive analytics tools are concerned.

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Taking Value Stream Management to the Next Level

CIO Business Intelligence

Leveraging VSM principles, a group at a Fortune 500 Insurance company was able to make some small changes that have proven to deliver significant dividends. By embracing VSM concepts, business leaders have been able to establish unified visibility and connection that spans the business. Conclusion.

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The unfulfilled promise of automation: DNA matters

CIO Business Intelligence

Business objective determines the choice, in which enterprise architecture is a huge influencer.” — Ankit Thakkar | Automation & Finance Digitization Leader, Thermofisher. But if your business objective is purely task automation, RPA can do the job. Today, the market demands automation for end-to-end processes.

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What is a project manager? The lead role for project success

CIO Business Intelligence

Companies in the healthcare, aviation, technology, software development, engineering, construction, real estate, publishing, financial, marketing, manufacturing, education, insurance, government and many more need and seek good project managers. Essentially, any business that has projects needs project managers.

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Strong Business Continuity Management Brings Resilience

CIO Business Intelligence

Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Organizations may acquire insurance to protect the tangible assets (e.g., Idle personnel, employee morale and reputation costs that are not easily definable in dollars can bring down a business.