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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. This includes: Age. Marital status.

Insurance 108
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Adoption of Automated Sales & Underwriting Strategies can Transform Insurance

bridgei2i

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.

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Spotify Musicians Turn to Data Analytics to Boost their Careers

Smart Data Collective

Data analytics is becoming a crucial element of many business strategies. They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. However, other professions, such as musicians, are also relying more data analytics technology than ever.

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Fleet Management and Big Data: Points to Consider

Smart Data Collective

According to a forecast by IDC and Seagate Technology, the global data sphere will grow more than fivefold in the next seven years. The total amount of new data will increase to 175 zettabytes by 2025 , up from 33 zettabytes in 2018. This ever-growing volume of information has given rise to the concept of big data. Maintenance.

Big Data 143
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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

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 121
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Generative AI use cases for the enterprise

IBM Big Data Hub

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.

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Using Data Analytics to Optimize Your Cash Collection Approach

Smart Data Collective

Data analytics technology has become very important for helping companies manage their financial strategies. There are many great benefits of using data analytics to improve financial management strategies. Many investors are using data analytics to invest in stocks. Many investors are using data analytics to invest in stocks.