CIO Business Intelligence

MARCH 12, 2024

Even if these events don’t occur, what kinds of premiums are you likely to pay your corporate and cyber-liability insurers when they read your latest audit reports and see you haven’t updated your disaster recovery plan or invested in hardening your network security for over two years? The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

AWS Big Data

AUGUST 29, 2023

In the past, customers had to monitor resource usage metrics to make sure that the collections did not deplete their configured storage and computational capacity. The compute capacity used for data ingestion, and search and query in OpenSearch Serverless is measured in OpenSearch Compute Units (OCUs).

Insurance 75

Insurance Big Data Metrics Business Intelligence 75

CIO Business Intelligence

FEBRUARY 8, 2024

In addition, vendor evaluations should include such basics as vetting the vendor’s experience, reputation, financial status, and so on, says Brooke Vemuri, vice president of business transformation and engineering at insurance firm Legal & General America. Go into vendor selection thinking about your short-term and long-term goals.

Management 130

Management Scorecard Cost-Benefit Key Performance Indicator 130

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

AWS Big Data

MARCH 14, 2024

We stood up a standalone Prometheus server that scraped metrics from MSK clusters and sent them to our internal observability tool. 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.

Management 104

Management Insurance Optimization Strategy 104

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

MARCH 26, 2024

After all, says Michael Corrigan, CIO of World Insurance, “It can be more challenging to work with, or manage a third-party that is providing higher-end skills like AI/data science if you don’t have the internal IT resources with the knowledge or expertise to hold that third-party accountable.” Double down on vendor management.

Recreation/Entertainment 122

Recreation/Entertainment Consulting Metrics Enterprise 122

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. Healthcare data visualization tools play a vital role in presenting performance metrics and outcome indicators in a visually accessible format.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

APRIL 28, 2022

This is a key metric where the economic value of automation should be easy to calculate, simple to define and easily understood within the organization. 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.

Cost-Benefit 86

Cost-Benefit Insurance Metrics Software 86

Birst BI

OCTOBER 30, 2018

This data retrieval and summarization capability gave rise to what we now know as the business intelligence industry. Today, the most common usage of business intelligence is for the production of descriptive analytics. . Identify the metric you want to influence through predictive analytics.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Octopai

MAY 13, 2020

Talent retention isn’t the only result of good onboarding, especially in the complex world of business intelligence. Each data system has its own metrics that new employees must familiarize themselves with. Effective onboarding produces more capable employees and does so in a shorter period of time.

Metadata 52

Metadata Business Intelligence Visualization Insurance 52

CIO Business Intelligence

MARCH 19, 2024

Lynch is among them, for “failure to meet agreed performance goals, including financial metrics.” Hewlett-Packard’s insurance will pay out $100 million to those who purchased HP shares between Aug. Whitman hires PricewaterhouseCoopers to investigate. Meanwhile, Whitman announces the lay-off of 27,000 HP workers to cut costs.

Software 104

Software Sales Unstructured Data Enterprise 104

Birst BI

JANUARY 16, 2018

When you hear the words “artificial intelligence,” (AI) what’s the first thing you think of: robots doing backflips , Alexa , medical diagnostic innovations or something else? If you’re a business intelligence (BI) and analytics application user, it’s likely that “data-driven insight to the masses” will soon be top-of-mind.

Data-driven 70

Data-driven Analytics Dashboards Machine Learning 70

CIO Business Intelligence

APRIL 29, 2022

Define the appropriate formats, tools, and metrics for AI-centric data as early as possible, preventing the need to reconcile multiple data approaches as AI scales. Set policy guardrails that include mandatory minimums about ‘data fitness’ for AI, to protect against bias, mislabelling, or irrelevance.

Data Governance 145

Data Governance IT Risk Data Lake 145

CIO Business Intelligence

MAY 24, 2023

On the big picture: Swiss Re, the big insurance giant, has a prediction that not acting on climate change and not driving up sustainability and environmental efforts is going to destroy about 18% of GDP by 2050. But as everybody that’s working in cloud knows, that’s step one of a million. Cloud is just a tool to help you get there.

Cost-Benefit 52

Cost-Benefit Digital Transformation Metrics Insurance 52

CIO Business Intelligence

FEBRUARY 20, 2023

The key is using metrics to focus efforts where it’s needed most. “We The circles meet on a regular basis for six months to do a deep dive on relevant topics. Teradyne piloted this approach, targeting points at which leadership rungs are broken for women, with the aim of addressing the hurdle, Gath says.

IT 110

IT Insurance Strategy Manufacturing 110

Juice Analytics

MARCH 11, 2021

3) That’s where our data visualization and user experience capabilities helped them turn this data into a web-based analytical tool that focused users on the metrics and peer groups they cared about. The most important factor in turning a concept into a business is a quality product manager.

Predictive Modeling 128

Predictive Modeling Visualization Reporting Interactive 128

CIO Business Intelligence

MARCH 13, 2024

At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications. Artificial Intelligence, CIO, Generative AI, IT Leadership, ROI and Metrics, Software Development

IT 127

IT Consulting Testing Cost-Benefit 127

Alation

MAY 12, 2023

Alation had such good connectivity to third-party platforms that we wanted to go with them,” wrote Joe Harrington, Director of Business Intelligence at East Idaho Federal Credit Union. “In The use of Alation is helping our different departments use terms and metrics in a consistent manner,” Hughes shares.

Metadata 52

Metadata Data Governance Data-driven Sales 52

CIO Business Intelligence

MAY 31, 2022

Anthem taps RPA, AI in digital transformation push : Health insurance company Anthem is using BPM and RPA to balance data center workloads to make IT operations nimbler. BPM vs. RPA.

Enterprise 80

Enterprise Management Interactive Software 80

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. The listening centered on conversations about emerging technologies and use cases associated with innovation, such as artificial intelligence, metaverse, blockchain, robotics, Web 3.0,

Advertising 91

Advertising Recreation/Entertainment Experimentation Enterprise 91

datapine

OCTOBER 21, 2020

By utilizing key performance indicators in healthcare and healthcare data analytics, prevention is better than cure, and managing to draw a comprehensive picture of a patient will let insurance provide a tailored package. with the impossibility to communicate properly. giving money back to people using smartwatches).

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

APRIL 19, 2022

When customers are comparing order fulfillment metrics as a performance indicator, they’re using Amazon’s next day, free-of-charge delivery as the benchmark, not the industry median performance.

Digital Transformation 56

Digital Transformation Data mining Strategy Insurance 56

CIO Business Intelligence

MAY 16, 2022

ITIL 4 contains seven guiding principles that were adopted from the most recent ITIL Practitioner Exam, which covers organizational change management, communication, and measurement and metrics. Nationwide Insurance achieved a 40% reduction in system outages and estimates a $4.3 How does ITIL reduce costs?

IT 104

IT Cost-Benefit ROI Risk 104

Alation

MAY 12, 2023

Alation had such good connectivity to third-party platforms that we wanted to go with them,” wrote Joe Harrington, Director of Business Intelligence at East Idaho Federal Credit Union. “In The use of Alation is helping our different departments use terms and metrics in a consistent manner,” Hughes shares.

Metadata 40

Metadata Data Governance Data-driven Sales 40

AWS Big Data

MARCH 7, 2023

It includes business intelligence (BI) users, canned and interactive reports, dashboards, data science workloads, Internet of Things (IoT), web apps, and third-party data consumers. You can collect metrics and events and analyze them for operational efficiency. However, you aren’t limited to only these services.

Analytics 68

Analytics Data Warehouse Data Lake Metadata 68

CIO Business Intelligence

OCTOBER 13, 2022

If well aligned, such IT projects can even help generate new business opportunities, he says. ROI and Metrics

ROI 129

ROI IT Sales Consulting 129

CIO Business Intelligence

MAY 1, 2024

And commercial insurance is a vertical Docugami CEO Jean Paoli says has been an early adopter, including statements of value, certificates of insurance, as well as policy documents with renewal dates, penalties, and liabilities. I can see this as a productivity capability and an efficiency improvement for my workforce,” she says.

Cost-Benefit 127

Cost-Benefit Metrics Insurance Measurement 127

Alation

SEPTEMBER 7, 2021

A range of regulations exist: the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), as well as industry regulations like the Health Insurance Portability and Accountability Act (HIPAA) and Sarbanes–Oxley Act (SOX). Alation’s Stewardship dashboard aligns data processes with business practices.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

AWS Big Data

JULY 25, 2023

It automatically provisions and intelligently scales data warehouse compute capacity to deliver fast performance, and you pay only for what you use. Just load your data and start querying right away in the Amazon Redshift Query Editor or in your favorite business intelligence (BI) tool. Open the workgroup you want to monitor.

Metrics 76

Metrics Data Warehouse Dashboards Snapshot 76

CIO Business Intelligence

MAY 28, 2022

Liberty Mutual’s cloud infrastructure runs an array of business applications and analytics dashboards that yield real-time insights and predictions, as well as machine learning models that streamline claims processing. Here, McGlennon says governing controls, instrumentation, and observability metrics are key.

Insurance 138

Insurance Machine Learning Digital Transformation Cost-Benefit 138

Alation

MAY 31, 2023

Four fantastic Alation customers will be joining us to share their stories: Electronic Arts (EA), Thermo Fisher Scientific, Lincoln Financial Group, and American Family Insurance (AmFam). Anil Kumar Kunden helps define, build, and monitor the company’s governance automation initiative at American Family Insurance. The best part?

Data Governance 52

Data Governance Insurance Metadata Data-driven 52

CIO Business Intelligence

MAY 27, 2022

Liberty Mutual’s cloud infrastructure runs an array of business applications and analytics dashboards that yield real-time insights and predictions, as well as machine learning models that streamline claims processing. Here, McGlennon says governing controls, instrumentation, and observability metrics are key.

Insurance 92

Insurance Machine Learning Digital Transformation Cost-Benefit 92

CIO Business Intelligence

APRIL 22, 2024

She has modernized operations and internal application infrastructure to ensure her tech team can be responsive to business and customer-facing needs.

IT 104

IT Data-driven Strategy Consulting 104

Peter James Thomas

AUGUST 12, 2018

Pertinence and fidelity of metrics developed from Data. Metrics are seldom reliant on just one data element, but are often rather combinations. For example: Is this a good way to define New Business Growth? Do we need to take account of pricing changes between Repeat Business this year and last year?

Metrics 49

Metrics Statistics Data Quality Measurement 49

CIO Business Intelligence

AUGUST 28, 2023

South African insurance provider, Discovery Holdings, doesn’t just protect people. Discovery Holdings also offers financial services such as online and investment banking, medical aid, car and home insurance, and travel services to customers worldwide. It actively encourages customers to make healthier decisions to promote wellness.

Cost-Benefit 83

Cost-Benefit Insurance Risk Management 83

CIO Business Intelligence

APRIL 5, 2022

An agreement on these metrics is required to make tradeoff decisions. In thinking about business continuity, it is best to be proactive rather than reactive. In planning this out, you need to think about: What is your RTO (Recovery Time Objective) and RPO (Recovery Point Objective) when an incident does happen?

Management 122

Management Testing Insurance Software 122