CIO Business Intelligence

SEPTEMBER 20, 2023

With 90 years of history, Mapfre is one of the giants of the Spanish insurance sector. And in charge of the group’s technological strategy and digitalization processes is global CIO Vanessa Escrivá. This is a strategy of some complexity, based on three pillars: digitalization, insurance platform as a service, and data.

Modeling 93

Modeling Insurance IT Cost-Benefit 93

IBM Big Data Hub

APRIL 10, 2024

Where and how these applications are deployed will impact time to market and value realization. In fact, 83% of IT executives feel that modernization is central to their organization’s strategy, but only 27% say their organizations have modernized the requisite workflows (including applications, data and underlying systems).

Cost-Benefit 92

Cost-Benefit Software Risk Marketing 92

Cloudera

MAY 6, 2021

In this article, I will be focusing on the contribution that a multi-cloud strategy has towards these value drivers, and address a question that I regularly get from clients: Is there a quantifiable benefit to a multi-cloud deployment? Infrastructure Cost Optimization. Germany (Primary Market) . Germany (Primary Market)

Strategy 91

Strategy Cost-Benefit Optimization Risk 91

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 123

Sales Finance Experimentation Cost-Benefit 123

Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. The financial analytics market is projected to be worth $114 billion within the next two years. This is a testament to the amazing benefits it provides for companies in all sectors. Get the Right Insurance in Place.

Data Analytics 122

Data Analytics Insurance Analytics Cost-Benefit 122

Smart Data Collective

FEBRUARY 28, 2022

A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. The market size for financial analytics services is currently worth over $25 billion. Benefits of ACH payments. Here are seven benefits of ACH payments.

Data-driven 93

Data-driven Strategy Big Data Cost-Benefit 93

CIO Business Intelligence

MAY 17, 2024

And in the adjustment to a post-pandemic workforce, employees and employers have found a new battleground, with IT pros continuing to seek remote and flexible work opportunities, while companies grapple with the cost of following through with return-to-office mandates. A minimum of three years progressive AI experience?

IT 130

IT Insurance Reporting Manufacturing 130

IBM Big Data Hub

JANUARY 18, 2024

Chatbot benefits for customers Your customers enjoy numerous benefits, many of which also benefit your company in return. Interact when and where customers are Conversational marketing can be deployed across a wide variety of platforms and tools to meet your customers where and how they prefer.

Cost-Benefit 89

Cost-Benefit Interactive Sales Insurance 89

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. Using OCR: the benefits for your business.

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

Cloudera

MAY 4, 2022

When a company embraces an AI-first strategy , it makes a conscious decision to transform itself today and set itself up for ongoing innovation and adaptation in the future. . Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. The future is now.

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

Smart Data Collective

MAY 11, 2023

Therefore, it should be no surprise that the market for data analytics is growing at a rate of nearly 23% a year after being worth $744 billion in 2020. Big Data is used more in property and casualty insurance than in other areas of actuarial practice. The good news is that big data technology is helping banks meet their bottom line.

Data mining 98

Data mining Big Data Sales Cost-Benefit 98

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and look for the best strategies to use these numbers.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

MARCH 12, 2022

A well-establish, well-executed employee retention strategy is a key competitive differentiator, as a company’s ability to hold on to its talent — especially in tight hiring markets — has profound ramifications for its ability to operate at a high level, without the disruptions that employee turnover bring. “We Engage your workers.

Strategy 127

Strategy Cost-Benefit Management Enterprise 127

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

FEBRUARY 8, 2024

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Ensure their services and future services align with your strategy,” Vemuri says. “Go

Management 128

Management Scorecard Cost-Benefit Key Performance Indicator 128

Smart Data Collective

JANUARY 19, 2023

Are you looking for a way to reduce the cost of your development efforts? The cost savings associated with DevOps on the cloud are significant. By leveraging existing cloud-based services, businesses can save time and money by avoiding costly IT overhead costs like maintenance, licensing fees, and server infrastructure setup.

Optimization 113

Optimization Cost-Benefit Software Measurement 113

CIO Business Intelligence

SEPTEMBER 26, 2023

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. Change is necessary to stay competitive and lead in your markets. The same can be said about IT.

IT 91

IT Insurance Cost-Benefit Strategy 91

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 99

Cost-Benefit Insurance Consulting Unstructured Data 99

CIO Business Intelligence

AUGUST 28, 2023

While multi-cloud promises limitless opportunities, without proper management, costs and complexity can escalate quickly. South African insurance provider, Discovery Holdings, doesn’t just protect people. Implementing VMware Aria Cost powered by CloudHealth was a game changer in our multi-cloud strategy,” says Marais.

Cost-Benefit 78

Cost-Benefit Insurance Risk Management 78

Smart Data Collective

JULY 15, 2021

A number of major financial verticals have become more reliant on AI, including insurance, banking, securities brokers and financial planning services. Some of the benefits include the following: Machine learning has made it a lot easier to analyze large sets of data at once. Investors should consider the benefits it affords.

Machine Learning 117

Machine Learning Cost-Benefit Marketing Finance 117

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% Here’s how.

IT 123

IT Cost-Benefit Digital Transformation Software 123

CIO Business Intelligence

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them.

IT 100

IT Data-driven Strategy Consulting 100

Smart Data Collective

AUGUST 29, 2022

There are a lot of benefits of using analytics to help run a business. They need a more comprehensive analytics strategy to achieve these business goals. These tools help companies boost productivity , reduce costs and achieve other objectives. Most of these companies have found that is is very useful. Let’s dig deeper.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114

CIO Business Intelligence

MARCH 16, 2022

A recent report found that 99% of organizations believe VSM provides key benefits, including accelerated delivery, improved transparency, reduced silos, and more.[1] For example, one team at a multinational automobile manufacturer has moved its projects into value streams and started to see a number of benefits. Conclusion.

Management 91

Management Cost-Benefit Insurance ROI 91

CIO Business Intelligence

JANUARY 11, 2023

As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. This is no longer true. “As How well teams execute will be key.”

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

Smart Data Collective

NOVEMBER 12, 2021

Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. However, there are a lot of other benefits of big data that have not gotten as much attention. Outsourcing is becoming a lot more important than ever.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

Smart Data Collective

JULY 8, 2021

Intuitively, this also means that consumers stand to benefit from advances in artificial intelligence as well. However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

CIO Business Intelligence

APRIL 28, 2022

For automation projects to be a success, business leaders must sell the project internally, including selling the strategy to organizational leaders and the associated teams charged with implementation. Understand the cost. Of course, understanding all of the cost implications of an automation project is critical.

Cost-Benefit 82

Cost-Benefit Insurance Metrics Software 82

IBM Big Data Hub

MARCH 28, 2024

According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 Private cloud combines the primary benefits of cloud computing (e.g., billion by 2033, up from USD 92.64 billion in 2023. What is a private cloud?

Enterprise 101

Enterprise Cost-Benefit Data Processing Software 101

CIO Business Intelligence

APRIL 20, 2023

Food and water insecurity will increase, and energy systems, housing stock, insurance, and currency markets will all become more volatile—a worrying set of scenarios for business leaders and boards. They can cut costs and generate additional revenue streams.” This will have a knock-on environmental benefit.

Consulting 88

Consulting Insurance Cost-Benefit Finance 88

CIO Business Intelligence

FEBRUARY 13, 2023

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This should secure our business strategy for the next five years and longer.”

IT 145

IT Insurance Machine Learning Marketing 145

Smart Data Collective

MAY 16, 2022

AI can analyze data from a variety of sources to help businesses determine which benefits and salary levels will be most appealing to potential employees. In this blog post, we will discuss how AI is being used to create optimal employee compensation packages and the benefits this technology can offer your business.

Cost-Benefit 114

Cost-Benefit Machine Learning Marketing Advertising 114

Smart Data Collective

MARCH 31, 2022

Analysts from Markets and Markets project that the market for AI in the accounting industry will exceed $4.7 A lot of accountants are discovering innovative ways to take advantage of the benefits of machine learning. Machine learning technology is changing many sectors in tremendous ways.

Machine Learning 107

Machine Learning Insurance Finance Cost-Benefit 107

IBM Big Data Hub

FEBRUARY 14, 2024

Not only will this help scale the AOT tech across markets, but it will also help tackle integrations including additional languages, dialects and menu variations. Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps).

Cost-Benefit 84

Cost-Benefit Insurance Unstructured Data Machine Learning 84

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Smart Data Collective

JUNE 30, 2023

We have written extensively about the benefits of using artificial intelligence in the financial sector. Most of our discussions have centered around the use of AI in major financial institutions such as insurance companies, hedge fund management firms and financial advisory groups.

Insurance 80

Insurance Finance Cost-Benefit Strategy 80

CIO Business Intelligence

NOVEMBER 13, 2023

CIOs can adopt a mindset of continuous innovation and agility, learning from vendors how to quickly adapt to market changes and integrate new technologies into their IT ecosystems, agrees Vahid Kowsari, co-founder and CTO of ixlayer, a cloud-based diagnostic lab testing services platform provider based in San Francisco.

Digital Transformation 133

Digital Transformation Insurance Software Technology 133