IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 59

Insurance Cost-Benefit Digital Transformation Marketing 59

CIO Business Intelligence

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 98

Risk Broadcasting Recreation/Entertainment Measurement 98

Alation

APRIL 13, 2021

Much of his work focuses on democratising data and breaking down data silos to drive better business outcomes. In this blog, Chris shows how Snowflake and Alation together accelerate data culture. He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data.

Insurance 98

Insurance Data Governance Data-driven Metrics 98

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. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses.

Risk 111

Risk Modeling IT Risk Management 111

DataKitchen

OCTOBER 20, 2023

In today’s data-driven landscape, Data and Analytics Teams i ncreasingly face a unique set of challenges presented by Demanding Data Consumers who require a personalized level of Data Observability. Data Observability platforms often need to deliver this level of customization.

Insurance 169

Insurance Metadata Data-driven Data Quality 169

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.

Insurance 52

Insurance Risk Deep Learning Data-driven 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

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

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 128

Digital Transformation Insurance Interactive Sales 128

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 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

Dataiku

APRIL 1, 2021

This quote, from an EY report titled “How ESG Integration in the Financial Sector Can Help Build Resilient Systems of the Future” speaks to the notion that the integration of Environmental, Social, and Governance (ESG) criteria goes beyond just smart investing and, instead, transcends all financial processes — from investment and insurance to credit (..)

Data-driven 59

Data-driven Insurance Finance Risk 59

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, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful. View Guide Now.

Insurance 59

Insurance Metrics Reporting KPI 59

Cloudera

APRIL 20, 2022

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 95

Insurance Measurement Data Lake Risk 95

Cloudera

FEBRUARY 7, 2024

How enterprise-grade data management creates better and more efficient care. This evolution of healthcare has set the stage for a new social acceptance of technology as a medium for healthcare delivery and remotely collected data as a key component to diagnosis.

Data-driven 98

Data-driven Insurance Risk Enterprise 98

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

MARCH 12, 2024

Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits. When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Client Risk Profile Categorization. A crucial decision is needed in many financial sectors.

Insurance 119

Insurance Machine Learning Cost-Benefit Data-driven 119

IBM Big Data Hub

JANUARY 15, 2024

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 71

Digital Transformation Insurance Optimization ROI 71

CIO Business Intelligence

OCTOBER 25, 2022

Not only are traditional financial services companies using data and technology to change the game, a plethora of “FinTech” startups are using digital products to dislodge traditional players. He shares his insight, expertise, and experiences in helping financial services firm become data-driven. This podcast features Peter Ku.

Insurance 119

Insurance Data Architecture Data-driven Interactive 119

Alation

FEBRUARY 13, 2020

. - Andreas Kohlmaier, Head of Data Engineering at Munich Re 1. --> Ron Powell, independent analyst and industry expert for the BeyeNETWORK and executive producer of The World Transformed FastForward Series, interviews Andreas Kohlmaier, Head of Data Engineering at Munich Re. Sometimes they didn’t really know about each other.

Data-driven 52

Data-driven Data Lake Enterprise Analytics 52

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

Insurance 82

Insurance Data Warehouse Data-driven Unstructured Data 82

Cloudera

NOVEMBER 16, 2022

Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. Overall, it struck me that while data science is not new, most firms are still defining the mission of the data office and data officer. Or play defense — manage risk for the organization?

Insurance 78

Insurance Cost-Benefit Metrics Measurement 78

Alation

SEPTEMBER 7, 2021

In the previous blog , we discussed how Alation provides a platform for data scientists and analysts to complete projects and analysis at speed. In this blog we will discuss how Alation helps minimize risk with active data governance. But governance is a time-consuming process (for users and data stewards alike).

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

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. Fraud risks. billion in the next two years.

Data Analytics 116

Data Analytics Analytics Finance Data mining 116

IBM Big Data Hub

NOVEMBER 20, 2023

With the rise of generative AI comes an influx of data. When executing an AI strategy, enterprises need to consider their current compute capacity, where data resides—in the cloud, on premises, at the edge—how data is accessed, necessary security controls, and how to use existing technology investments effectively.

Digital Transformation 88

Digital Transformation Insurance Enterprise Data-driven 88

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation. Data Centricity.

Data Governance 145

Data Governance IT Risk Data Lake 145

Cloudera

JULY 21, 2021

In the build-up to this year’s Data Impact Awards, we’re looking back at last year’s winners. Last year’s awards saw OVO crowned as Data Champions. OVO – 2020’s Data Champion award winner . And where over 95% of the population find themselves without private insurance.

Insurance 93

Insurance Data-driven Machine Learning Marketing 93

Rita Sallam

JUNE 2, 2023

We explored these questions and more at our Bake-Offs and Show Floor Showdowns at our Data and Analytics Summit in London with 3,700 of our closest D&A friends and family. We did two Bake-Offs at the Gartner Data and Analytics Summit in London last week. What Data Did We Use? The answer to the first question is: I knew it!!

Optimization 52

Optimization Insurance Machine Learning Risk 52

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

IBM Big Data Hub

APRIL 10, 2024

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). Reduced risk and technical debt: All legacy releases are inherently risky due to a longer release cycle.

Cost-Benefit 93

Cost-Benefit Software Risk Marketing 93

Smart Data Collective

NOVEMBER 3, 2021

We have talked extensively about the role of AI in investment management and insurance. In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. In fact, AI is the basis for the sudden boom in Fintech. Digital banking market.

Software 120

Software Data-driven Interactive Insurance 120

erwin

APRIL 11, 2019

Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. A number of high-profile data breaches and scandals have increased public awareness of the issue.

Insurance 100

Insurance Data-driven Data Governance Metadata 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 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

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 each data point as a glowing orb placed on a vast, multi-dimensional landscape.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

MAY 11, 2022

Understanding business requirements, from technology recovery requirements to data loss tolerance, enables a dynamic technology strategy that morphs with the changing needs of the business. Commercial insurance is another critical risk-mitigation tool used to reduce operational risks.

Management 98

Management Testing Insurance Finance 98