CIO Business Intelligence

JUNE 7, 2022

What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics?

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Markets and Markets estimates that the financial analytics market will be worth $11.4 Fraud risks.

Data Analytics 117

Data Analytics Analytics Finance Data mining 117

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

CIO Business Intelligence

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. So, who needs to adhere to DORA?

Risk Management 118

Risk Management Insurance Risk Testing 118

bridgei2i

MAY 4, 2020

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

Insurance 95

Insurance Enterprise Sales Digital Transformation 95

Cloudera

OCTOBER 21, 2020

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

Insurance 72

Insurance Digital Transformation Unstructured Data Cost-Benefit 72

Smart Data Collective

JULY 11, 2022

The demand for data analytics technology in the marketing will continue to grow as more executives recognize its benefits. This is going to entail learning more about the benefits of data analytics and how they can be integrated into their overall marketing strategy. Data analytics tools help with all of these tasks.

Data Analytics 132

Data Analytics Analytics Advertising Big Data 132

Smart Data Collective

NOVEMBER 1, 2020

Advances in big data are a double-edged sword in the fight against online scams and data breaches. The reason for this is that both cybersecurity professionals and cybercriminals are using data technology to their full advantage. Data Analytics is the First Line of Defense Against Online Criminals.

Data Analytics 101

Data Analytics Analytics Big Data Data-driven 101

CIO Business Intelligence

NOVEMBER 16, 2023

In a career spanning such companies as IBM, KeyCorp, M&T Bank, and BMO, she has “answered the call” many times, most recently as CIO of The Hartford, where she is responsible for the overall strategy, vision, and execution of business technology, cyber, data analytics, and data science. Can you expand on that?

Insurance 127

Insurance Enterprise Risk Digital Transformation 127

Octopai

SEPTEMBER 22, 2019

Retail companies—both e-commerce and brick-and-mortar—as well as manufacturing, transportation, and services, have come to think of themselves as “data companies.” Perhaps nowhere is this truer than in the insurance industry, though. – All types of insurance companies are leveraging data analytics to detect and prosecute fraud.

Metadata 41

Metadata Insurance Management Data Governance 41

Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. We’ve previously highlighted opportunities to improve digital claims processing with data and AI. In this post, I’ll explore opportunities to enhance risk assessment and underwriting, especially in personal lines and small and medium-sized enterprises.

Analytics 97

Analytics Insurance IoT Risk 97

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Alation

MARCH 31, 2023

Ehtisham Zaidi, Gartner’s VP of data management, and Robert Thanaraj, Gartner’s director of data management, gave an update on the fabric versus mesh debate in light of what they call the “active metadata era” we’re currently in.

Data Analytics 52

Data Analytics Analytics Metadata Data Governance 52

Smart Data Collective

AUGUST 7, 2019

We have talked extensively about the fields that rely most heavily on big data. The insurance industry is one of the companies investing the most in big data technology. Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry.

Big Data 76

Big Data Insurance Cost-Benefit Risk 76

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 86

Insurance Data Warehouse Data-driven Unstructured Data 86

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. The application of big data analytics in healthcare has a lot of positive and also life-saving outcomes. 3) Real-Time Alerting.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

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. 38% of those surveyed cited a failure to integrate analytics into workflows and frontline systems.

Insurance 40

Insurance Analytics Modeling Visualization 40

CIO Business Intelligence

OCTOBER 17, 2022

It’s designed to strengthen the security of EU financial firms, such as banks, insurance companies, investment firms and more, by imposing resilience requirements and regulating the supply chain. In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors.

Risk Management 104

Risk Management Risk Enterprise Testing 104

Smart Data Collective

DECEMBER 9, 2020

Consumers are also looking for new machine learning tools to help mitigate their daily risks and solve some of their most perplexing challenges. Data from these accidents is used to train machine learning algorithms to identify correlating risk factors with car accidents.

Machine Learning 140

Machine Learning Risk Insurance Predictive Analytics 140

Cloudera

JULY 21, 2021

This is the category for Cloudera customers whose IT administration provides the agility business requires, without putting organizations at risk, and who are embracing a pattern of technology adoption that prioritizes speed. OVO – 2020’s Data Champion award winner . Within the first six months of deployment, UnCover proved to be 7.9

Insurance 93

Insurance Data-driven Machine Learning Marketing 93

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. We also used FactSet’s market data solutions for historical and streaming market quotes and trades.

Data Warehouse 121

Data Warehouse Dashboards Risk Management Risk 121

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients.

Analytics 98

Analytics Insurance Big Data Uncertainty 98

Smart Data Collective

AUGUST 7, 2022

billion on financial analytics technology this year. Most of the discussions about the role of data analytics in finance have centered around traditional financial businesses, such as insurance, mutual funds, money management and other financial institutions. Global companies are projected to spend nearly $5.9

Analytics 104

Analytics Data Analytics Finance Analytics Technologies 104

IBM Big Data Hub

FEBRUARY 14, 2024

They can streamline workflows to increase efficiency and reduce time-consuming tasks and the risk of error in production, support, procurement and other areas. Many stock market transactions use ML with decades of stock market data to forecast trends and ultimately suggest whether and when to buy or sell.

Cost-Benefit 89

Cost-Benefit Insurance Unstructured Data Machine Learning 89

CIO Business Intelligence

JUNE 7, 2022

billion in cost savings for the insurance industry as well during the same period. . For banks, brokerages, insurance companies, fintech firms, and other financial services organizations, NLP is increasingly being seen as a solution to too much data and too few employees. Intel® Technologies Move Analytics Forward.

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

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. Analytics Helps Companies Improve their Logistics.

Analytics 112

Analytics Cost-Benefit Analytics Technologies Big Data 112

Smart Data Collective

SEPTEMBER 28, 2022

For example, if you want to know what products customers prefer when shopping at your store, you can use big data analytics software to track customer purchases. Big data analytics can also help you identify trends in your industry and predict future sales. Information management mitigates the risk of errors.

Big Data 106

Big Data Management Data Quality Cost-Benefit 106

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 104

Analytics Data mining Finance Analytics Technologies 104

CIO Business Intelligence

SEPTEMBER 29, 2022

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. s SVP and chief data & analytics officer, has a crowâ??s s unique about the role is it sits at the cross-section of data, technology, and analytics.

Machine Learning 134

Machine Learning Insurance Technology Software 134

Smart Data Collective

NOVEMBER 9, 2021

The average consumer is unaware of the phenomenal benefits that big data provides. One of the biggest benefits of big data is that it can help improve driver safety. Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks.

Big Data 131

Big Data Manufacturing Risk Insurance 131

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Smart Data Collective

MARCH 3, 2021

Data analytics is popular in many industries for monitoring customer behavior and helps companies make informed decisions. Law companies can use analytics to learn more about certain categories of cases and predict outcomes. . Big data is also useful in court when the lawyer can provide research to back their statements.

Analytics 128

Analytics Big Data Predictive Modeling Insurance 128

CIO Business Intelligence

FEBRUARY 13, 2023

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Cold: On-prem infrastructure As they did in 2022, many IT leaders are reducing investments in data centers and on-prem technologies. “We

IT 145

IT Insurance Machine Learning Marketing 145

Smart Data Collective

APRIL 13, 2021

Big data analytics has already had a transformative influence across a wide range of sectors, and it’s perhaps no more prevalent than in the world of healthcare. Big data analytics has enabled doctors to access a holistic view of a patient’s health history.

Big Data 116

Big Data Insurance Data Analytics Technology 116

Smart Data Collective

DECEMBER 8, 2021

The Health Insurance Portability and Accounting Act of 1996 was created to protect sensitive patient health information. They have found that it is more difficult to secure data as the volume of data has grown. Fortunately, they have mitigated some of these risks with data analytics but challenges remain.

Insurance 112

Insurance Software Measurement Technology 112

CIO Business Intelligence

MARCH 7, 2024

Public LLMs in the sandbox: Safely test publicly available Large Language Models (LLMs) in a sandbox environment, separate from the production setting, to assess their impact without risking operational disruptions. Most companies will be very cautious just letting AI run models that replace humans if there’s a risk of AI running amok.

Digital Transformation 70

Digital Transformation Machine Learning Risk Testing 70

CIO Business Intelligence

APRIL 6, 2022

Real-Time nature of data: The window of opportunity continues to shrink in our digital world. The risks of a breach are greater as well, from interrupted operations to stiff financial penalties for failing to adhere to industry regulations such as General Data Protection Regulation (GDPR).

Data mining 70

Data mining Deep Learning Insurance Digital Transformation 70