Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Risk Data-driven 105

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Alation

OCTOBER 4, 2022

The foundation of insurance is data and analytics. Actuaries and their mathematical models enable insurers to calculate risk to determine premiums. Today, the rise of digital insurance companies and the changing risk landscape together drive the industry’s digital transformation. Why is it Important?

Insurance 52

Insurance Data Governance Risk Strategy 52

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5 Here’s why.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

Ontotext

JANUARY 29, 2024

In 2023, data leaders and enthusiasts were enamored of — and often distracted by — initiatives such as generative AI and cloud migration. I expect to see the following data and knowledge management trends emerge in 2024.

Strategy 52

Strategy Management Metadata Data-driven 52

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

Digital Transformation 134

Digital Transformation Insurance Recreation/Entertainment Machine Learning 134

CIO Business Intelligence

MAY 24, 2022

Data has always been fundamental to business, but as organisations continue to move to Cloud based environments coupled with advances in technology like streaming and real-time analytics, building a data driven business is one of the keys to success. There are many attributes a data-driven organisation possesses.

Data-driven 75

Data-driven Data Lake Data Warehouse Cost-Benefit 75

Cloudera

MARCH 25, 2021

Data privacy is an increasingly complex and contentious topic. The appropriate use of data and transparency to the potential uses of the data are at the center of debate amongst the largest Big Tech companies. . It won’t matter if you can collect social media data or geo location data, images, etc.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

DataRobot Blog

APRIL 29, 2022

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. When business decisions are made based on bad models, the consequences can be severe. When business decisions are made based on bad models, the consequences can be severe. What is a model?

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Digital Transformation 106

Digital Transformation Insurance Interactive Sales 106

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

Jet Global

JUNE 5, 2023

To stay afloat during these turbulent times, it is important to maintain confidence in your data and effectively and efficiently respond to ongoing audits. A recent survey by Ernst & Young found that 87% of banking and capital markets respondents said they are changing their tax and finance operating models.

Insurance 52

Insurance Finance Forecasting Reporting 52

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. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

APRIL 22, 2024

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. Heeding the call for business-driven IT Scavuzzo is not alone in his quest to create a business-driven IT department.

IT 95

IT Data-driven Strategy Consulting 95

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. The later introduction of Generalized Linear Models (GLM) significantly expanded the pricing actuary’s toolbox. Claim Count.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

IBM Big Data Hub

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge. Watsonx.data on AWS: Imagine having the power of data at your fingertips.

Data-driven 107

Data-driven Insurance Digital Transformation Data Warehouse 107

Jet Global

APRIL 5, 2021

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. That being said, one model can’t do it all. What Is Financial Modeling?

Modeling 98

Modeling Forecasting Metrics Finance 98

CIO Business Intelligence

APRIL 24, 2024

But to find ways it can help grow a company’s bottom line, CIOs have to do more to understand a company’s business model and identify opportunities where gen AI can change the playing field. We quickly learned we needed to build models internally in a dedicated environment or a cloud environment that’s 100% secured and controlled,” he says.

Sales 117

Sales Finance Experimentation Cost-Benefit 117

Andrew White

AUGUST 4, 2020

I read the EU Data Strategy some weeks ago. I posted to my blog some comments and challenges I felt it contained back in March: The Value of Data. The biggest challenge of all is that the EU is seeking to create a market for data. There are of course already many markets for data. Is it the lack data?

Data Strategy 52

Data Strategy Strategy Marketing Data Collection 52

Cloudera

APRIL 27, 2022

This week I participated in an informative event that Cloudera hosted with TechCrunch: Data and the Culture Transformation. The conversations focused on how company data cultures are rapidly evolving and delivering new levels of value to businesses with the emergence of data ecosystems. One is the macro story, the big picture.

Insurance 97

Insurance Data-driven Data Processing Data Strategy 97

IBM Big Data Hub

FEBRUARY 13, 2024

Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Imagine training a generative AI model on a dataset of only romance novels.

Enterprise 120

Enterprise Modeling Testing Data-driven 120

CIO Business Intelligence

AUGUST 1, 2023

The impact of generative AIs, including ChatGPT and other large language models (LLMs), will be a significant transformation driver heading into 2024. Define a game-changing LLM strategy At a recent Coffee with Digital Trailblazers I hosted, we discussed how generative AI and LLMs will impact every industry.

Digital Transformation 96

Digital Transformation Unstructured Data Strategy Experimentation 96

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

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 118

Digital Transformation Strategy Technology Enterprise 118

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. That way, employees “can focus on creative ways to move their respective areas forward.

IT 145

IT Insurance Machine Learning Marketing 145

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. When a user sends a message, the system uses NLP to parse and understand the input, often by using DL models to grasp the nuances and intent. DL, a subset of ML, excels at understanding context and generating human-like responses.

Enterprise 97

Enterprise Interactive Data-driven Key Performance Indicator 97

CIO Business Intelligence

FEBRUARY 16, 2024

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. ADP remains the 500-pound gorilla in payroll and, with its rich data, can literally tell you what’s really moving the economy,” said Pete A.

Digital Transformation 103

Digital Transformation Experimentation Cost-Benefit Machine Learning 103

Rocket-Powered Data Science

FEBRUARY 12, 2021

Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

datapine

MAY 31, 2022

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

IBM Big Data Hub

MARCH 28, 2024

As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs. billion by 2033, up from USD 92.64

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Smart Data Collective

MARCH 31, 2022

Consequently, this knowledge gap can affect the company’s efficiency unless the necessary steps are taken to prepare a counter-strategy. Smart accountants also recognize the need to leverage data science in their profession. Many new software applications use AI, such as SaaS and specialized financial modeling tools.

Machine Learning 107

Machine Learning Insurance Finance Cost-Benefit 107

CIO Business Intelligence

APRIL 29, 2022

This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation. Software development, once solely the domain of human programmers, is now increasingly the by-product of data being carefully selected, ingested, and analysed by machine learning (ML) systems in a recurrent cycle.

Data Governance 140

Data Governance IT Risk Data Lake 140

O'Reilly on Data

OCTOBER 11, 2022

Some tasks should not be automated; some tasks could be automated, but the company has insufficient data to do a good job; some tasks can be automated easily, but would benefit from being redesigned first. Some of these data sources will be owned by the pharmacy; others aren’t. Most are subject to privacy regulations.

Data Integration 286

Data Integration Insurance Dashboards Modeling 286

CIO Business Intelligence

SEPTEMBER 11, 2023

In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. Digital-first and data/AI are the two key pillars of TIAA’s business strategy and a core part of its broad tech transformation. He initiated the creation of a comprehensive operating model.

Digital Transformation 129

Digital Transformation ROI Strategy Technology 129

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. Data analytics can even help them prepare for financial disasters. billion in the next two years. Fraud risks.

Data Analytics 115

Data Analytics Analytics Finance Data mining 115

O'Reilly on Data

FEBRUARY 20, 2024

Interest and usage have increased as OpenAI has released more capable versions of its language model: GPT-3.5 Google’s Bard/Gemini, Anthropic’s Claude, and other models have made similar improvements. Everyone knows that language models make mistakes, often called “hallucinations.”

Insurance 180

Insurance Modeling Technology Reporting 180