Remove Data Collection Remove Data-driven Remove Measurement Remove Risk
article thumbnail

How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Demographics. Demographics. This includes: Age. Occupation.

Insurance 108
article thumbnail

Ethical Considerations with Data-Driven Employee Monitoring

Smart Data Collective

There are many reasons big data has become a double-edged sword for businesses. Many companies are using data analytics to monitor their employee productivity and other behavior. It can be even more beneficial than using big data for recruiting. This is an area where big data can help immensely.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Step Process For Insightful Data Driven Business Decision Making

Smart Data Collective

Big data is becoming increasingly important in business decision-making. The market for data analytics applications and solutions is expected to reach $105 billion by 2027. However, big data technology is only a viable tool for business decision-making if it is utilized appropriately. Guide to Creating a Big Data Strategy.

article thumbnail

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices

Smart Data Collective

We live in a digital age, where data is the new currency. Every day, a massive amount of information is generated, processed, and stored, and it is critical for everyone who offers their services online to prioritize privacy and ensure responsible data practices. Then adhere to data ethics. Don’t want to mess things up?

article thumbnail

Ten Ways to Make your Team more Data Driven

Jet Global

The Importance of Data-Driven Finance Leaders. More than ever before, businesspeople rely on their Finance leaders to drive strategic initiatives and business growth, not just report the numbers, to help manage global risk and operations and better serve customers. How Finance Leaders Use Data to Support Decision-Making.

article thumbnail

Invoking IT to help revitalize Indigenous languages at risk of extinction

CIO Business Intelligence

Data collection on tribal languages has been undertaken for decades, but in 2012, those working at the Myaamia Center and the National Breath of Life Archival Institute for Indigenous Languages realized that technology had advanced in a way that could better move the process along.

Risk 98
article thumbnail

6 Ways to Use Data to Improve Employee Productivity

Smart Data Collective

Data analytics offers a number of benefits for growing organizations. While there are multiple ways to better your team’s performance, utilizing employee productivity data is among the most effective. Discussed below are six ways to use data to improve employee performance.

Metrics 89