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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The good news is that this new data can help lower your insurance rate. Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Demographics. This includes: Age. Occupation.

Insurance 107
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Top overlooked GenAI security risks for businesses

CIO Business Intelligence

But adding these new capabilities to your tech stack comes with a host of security risks. For executives and decision-makers, understanding these risks is crucial to safeguarding your business. Data breaches and invasive data collection AI systems can be exploited to gain unauthorized access to private data.

Risk 104
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How organizations can successfully measure an application health monitoring process

IBM Big Data Hub

Organizations cannot risk unnecessary unplanned downtime or increased latencies because an application failed or underperformed. Software downtime is a huge organizational risk because it decreases customer satisfaction and potentially violates a service-level agreement with end users.

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Managing risk in machine learning

O'Reilly on Data

Fortunately, a recent survey paper from Stanford— A Critical Review of Fair Machine Learning —simplifies these criteria and groups them into the following types of measures: Anti-classification means the omission of protected attributes and their proxies from the model or classifier. Continue reading Managing risk in machine learning.

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Mobile Data Collection: What it is and what it can do

FineReport

Data collection is nothing new, but the introduction of mobile devices has made it more interesting and efficient. But now, mobile data collection means information can be digitally recording on the mobile device at the source of its origin, eliminating the need for data entry after the information is collected.

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How Svevia connects roads, risk, and refuse through the cloud

CIO Business Intelligence

Taking out the trash Division Drift has been key to disruptively digitize Svevia’s remit with the help of the internet of things (IoT), data collection, and data analysis. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads.

Risk 82
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Mobile Data Collection: What it is and what it can do

FineReport

Data collection is nothing new, but the introduction of mobile devices has made it more interesting and efficient. But now, mobile data collection means information can be digitally recording on the mobile device at the source of its origin, eliminating the need for data entry after the information is collected.