CIO Business Intelligence

JANUARY 29, 2024

Gray Nestor, EVP and CIO, Brown & Brown Insurance Brown & Brown Insurance “You have to be willing to give people feedback and examples on a regular basis to drive a different result,” Nestor says. What’s a key measure that an IT culture is well formed and delivering results?

IT 127

IT Insurance Digital Transformation Technology 127

AWS Big Data

AUGUST 29, 2023

The compute capacity used for data ingestion, and search and query in OpenSearch Serverless is measured in OpenSearch Compute Units (OCUs). Raj provided technical expertise and leadership in building data engineering, big data analytics, business intelligence, and data science solutions for over 18 years prior to joining AWS.

Insurance 75

Insurance Big Data Metrics Business Intelligence 75

datapine

AUGUST 19, 2020

Inventory metrics are indicators that help you monitor, measure, and assess your performance – and thus, give you some keys to optimize your processes as well as improve them. This is something you can measure with a customer service KPI like the net promoter score or NPS, that evaluates the power of your referral.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

CIO Business Intelligence

MAY 31, 2023

Companies have learned from the mistakes of others – like when Samsung engineers unwittingly uploaded source code to ChatGPT– and preventative measures such as Apple’s ban on employee use of the tool. Attendees will have a chance to hear from Sastry as well as ask questions in a live discussion.

Insurance 72

Insurance Measurement Technology IT 72

CIO Business Intelligence

MARCH 8, 2023

More and more businesses today have taken root in a digital business model to serve as their stepping stone towards becoming Future Enterprises. This is where forward-thinking organisations will thrive by attracting digital talent, improving enterprise intelligence, scaling digital innovation, and more. Maria Beatriz A.

Enterprise 95

Enterprise Digital Transformation Insurance Strategy 95

Decision Management Solutions

NOVEMBER 13, 2018

80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. Insurance companies, like other companies, want their analytics investments to be strategic – to have a strategic impact.

Insurance 40

Insurance Analytics Modeling Visualization 40

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Quality assurance measures play a pivotal role in validating the accuracy and relevance of data utilized by BI tools.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

JANUARY 4, 2023

In a letter sent by Salesforce’s co-CEO Marc Benioff and attached to Wednesday’s SEC filing, he told employees “the environment remains challenging, and our customers are taking a more measured approach to their purchasing decisions.

IT 107

IT Cost-Benefit Insurance Measurement 107

CIO Business Intelligence

APRIL 27, 2022

The NPHIES health information exchange platform, designed to unify patient care records for healthcare providers and optimise insurance services, is central to the digital transformation of healthcare in Saudi Arabia. It includes two main components: the insurance services and the clinical services (including unified health records).

Insurance 52

Insurance Digital Transformation Measurement Technology 52

CIO Business Intelligence

FEBRUARY 16, 2024

Security and data privacy The introduction of GenAI into enterprise workflows, and the related data needed to power it, amplifies the need for CIOs to implement robust security measures, develop incident response plans, and stay vigilant against evolving cyber threats to protect sensitive information and maintain business continuity.

Strategy 134

Strategy Insurance Digital Transformation Enterprise 134

CIO Business Intelligence

OCTOBER 13, 2022

Richard van Vught, head of Security at the Eurovision Song Contest in Rotterdam, says the solution, “brings insight and peace of mind, with or without ever-changing [Covid safety] measures.” Flockey measures the distance between visitors using anonymized Bluetooth low-energy data from mobile devices like a smartphone or lanyard tag.

Risk 93

Risk Broadcasting Measurement Recreation/Entertainment 93

CIO Business Intelligence

JULY 13, 2022

Rather than wait for a compliance mandate, it is critical for insurers and financial services providers of all kinds to consider—and prepare now—for the implications. Insurers and financial services firms are very practiced in the requirements related to redundancy and disaster recovery. So what are we doing about it?

Insurance 92

Insurance Risk Marketing Data Processing 92

CIO Business Intelligence

JANUARY 19, 2024

As well as these regional standards, industry-specific frameworks like the Health Insurance Portability and Accountability Act (HIPAA) and payment card industry (PCI) compliance standards exist.

IT 117

IT Insurance Data Governance Measurement 117

CIO Business Intelligence

AUGUST 29, 2022

In a recent survey of 1,500 global executives, about three in four executives (78%) cite technology as critical for their future sustainability efforts, attesting that it helps transform operations, socialize their initiatives more broadly, and measure and report on the impact of their efforts.

Enterprise 85

Enterprise Internet of Things Measurement Finance 85

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. You have to get that understanding first.”

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

CIO Business Intelligence

APRIL 28, 2022

For example, an insurance company may want to increase claim automation rates or operational first pass rates from 55% to 75% within the calendar year. This clear example helps teams know how to measure the benefits of the automation project from the start, keeping the team on track and focused on achieving a specific goal. .

Cost-Benefit 88

Cost-Benefit Insurance Metrics Software 88

CIO Business Intelligence

AUGUST 14, 2023

And when performed strategically in succession as Mahon has done at Werner, such quick wins can lead to much larger business transformation over time — with less big-bang disruption and change management thanks to measurable proof of enhancement along the way.

IT 88

IT Insurance Digital Transformation Broadcasting 88

CIO Business Intelligence

NOVEMBER 10, 2022

The statement outlined how Zendesk’s top management tried different measures, such as closing over 100 positions, to try and address its bottom line but was unable to get past the issue. “…we grew our team much faster than we should have based on revenue growth expectations that were not pragmatic.

Cost-Benefit 98

Cost-Benefit Insurance Software Finance 98

CIO Business Intelligence

AUGUST 18, 2023

Several factors are helping, such as healthcare advances, improved living conditions, better public health measures, and lifestyle changes. If you move to another state or get a new job and new insurance provider, it’s akin to starting over. On average, the global life expectancy since 1950 has increased by 61.7% to over 73 years.

Insurance 52

Insurance Unstructured Data Measurement Testing 52

CIO Business Intelligence

DECEMBER 4, 2023

One very simple measure of this was how often they were meeting. We have the ability to bring datasets together, and those insights could drive what the agenda is for the business. So having that access to the insights driving business intelligence initiatives has allowed us to expand our seat at the table.”

Digital Transformation 125

Digital Transformation Strategy Technology Marketing 125

Jet Global

JANUARY 8, 2021

An Operations Key Performance Indicator (KPI) or metric is a discrete measurement that a company uses to monitor and evaluate the efficiency of its day-to-day operations. Leading companies make use of KPIs and KPI dashboards to measure their efficiency in real time. What is an Operations KPI?

Metrics 131

Metrics Manufacturing Reporting KPI 131

CIO Business Intelligence

JULY 3, 2023

Our work to aggregate and standardize data across many sources into a unified data structure enables us to accurately measure the efficiency and effectiveness of our programs and initiatives on member health outcomes. Improving interoperability and eliminating roadblocks, however, is not an easy task.

IT 52

IT Measurement Interactive Insurance 52

Smart Data Collective

JULY 26, 2023

Additionally, evaluate how easy it is to use and how it integrates with other systems and security measures. Ensure it has the flexibility to meet your business needs. Small businesses must prioritize data security measures that protect physical and digital assets. Can your employees access the system from anywhere?

Data-driven 74

Data-driven Management Sales Big Data 74

CIO Business Intelligence

MAY 4, 2023

For industries like healthcare or insurance, the shelf life of sensitive data is a lifetime. For industries like healthcare or insurance, the shelf life of sensitive data is a lifetime. Mosca’s Theorum adds the years it could take an organization to migrate to post-quantum cryptography (PQC) to the years the data must be kept safe.

Insurance 59

Insurance Risk Software Measurement 59

CIO Business Intelligence

MAY 31, 2022

Business process management software and tools. BPM tools provide organizations with a systematic approach to managing and optimizing their business processes by helping organizations design, model, implement, and measure workflows and business rules. BPM vs. RPA.

Enterprise 82

Enterprise Management Interactive Software 82

CIO Business Intelligence

JANUARY 11, 2023

Aligning on business goals There must be open, transparent, and collaborative working sessions to create alignment on how technology capabilities can be deployed to meet enterprise goals, states Bill Cassidy, CIO at New York Life Insurance. Krantz suggests that IT leaders should seek Ph.D.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

CIO Business Intelligence

MAY 9, 2022

Whether it is individuals or businesses, financial institutions or investors, regulators or insurers, everyone in the ‘economic community’ is aware making ethical decisions is no longer just ‘wokeness’—it makes good business sense too. The pandemic has only further strengthened this realization.

Insurance 86

Insurance Risk Risk Management Enterprise 86

CIO Business Intelligence

JUNE 26, 2023

To succeed in their role, project managers must be adept at coordinating resources, managing budgets, measuring and tracking project progress, and communicating with team members and stakeholders. Essentially, any business that has projects needs project managers.

Management 105

Management Risk Insurance Business Objectives 105

CIO Business Intelligence

APRIL 27, 2022

For example, during the first weeks of the COVID-19 pandemic, cyber insurers had significant concerns about the security risks incurred with so many employees suddenly working from home. However, employees working outside the corporate firewall and other network protections pose some big security challenges, especially for large enterprises.

Management 52

Management Insurance Risk Software 52

AWS Big Data

FEBRUARY 1, 2024

In this post, we provide a solution architecture that describes how you can process data from three different types of sources—streaming, transactional, and third-party reference data—and aggregate them in Amazon Redshift for business intelligence (BI) reporting.

Data Warehouse 119

Data Warehouse Dashboards Risk Management Risk 119

CIO Business Intelligence

DECEMBER 14, 2022

At insurance company National Life, CIO Nimesh Mehta says his IT team saw productivity increase 26% during the pandemic “because I think people didn’t have anything better to do than work,” Mehta says. “It comes down to finding a balance” of what can be done effectively remotely and what needs to be done in the office, he adds.

IT 145

IT Insurance Management Statistics 145

Jen Stirrup

MAY 8, 2021

If the individual does become furloughed or loses their job, they could submit a Data Subject Access Request (DSAR) as a tactical measure against their employer. It is not something that is covered by business insurance so it’s not a matter of getting insurance and then expecting insurance to foot the bill.

Insurance 76

Insurance Risk Enterprise Strategy 76

AWS Big Data

MARCH 7, 2023

It covers how to use a conceptual, logical architecture for some of the most popular gaming industry use cases like event analysis, in-game purchase recommendations, measuring player satisfaction, telemetry data analysis, and more. The focus is on the ease of consumption and integration with consuming services.

Analytics 68

Analytics Data Warehouse Data Lake Metadata 68

IBM Big Data Hub

FEBRUARY 2, 2023

They provide the backbone for a range of use cases such as business intelligence (BI) reporting, dashboarding, and machine-learning (ML)-based predictive analytics, that enable faster decision making and insights. In today’s world, data warehouses are a critical component of any organization’s technology ecosystem.

Data Warehouse 57

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 57

CIO Business Intelligence

JULY 5, 2023

Two decades ago, as CIO and CTO at Nationwide Insurance, he inspired colleagues to implement what were then referred to as “green initiatives,” such as printing less paper and using more efficient lightbulbs.

Data Processing 52

Data Processing Enterprise Measurement Insurance 52

CIO Business Intelligence

DECEMBER 5, 2023

Contractors and vendors should be treated like your car insurance,” says Pratt. A major cost-cutting measure we’re undergoing is evaluating and consolidating vendors. When it is renewal time, make sure to scrutinize and shop around.”

IT 137

IT Cost-Benefit Digital Transformation ROI 137

CIO Business Intelligence

FEBRUARY 20, 2023

The insurance company, soon to be recognized with a Catalyst award for its commitment to advancing women and equity, has adopted an organization-wide approach that includes accountability measures, addressing unconscious bias in talent management, and revising other processes.

IT 110

IT Insurance Strategy Manufacturing 110