article thumbnail

The risks and limitations of AI in insurance

IBM Big Data Hub

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. You should host the model on internal servers. Efficient and accurate AI requires fastidious data science.

article thumbnail

10 Ways for SMEs To Strengthen Cybersecurity with Big Data

Smart Data Collective

Attackers target mostly small to medium companies because they don’t take enough preventive measures against cyberattacks. Cybersecurity Insurance. Cybersecurity insurance can help you tremendously. It’s the same as traditional insurances. VPN & Secured Hosting. A data breach is never too light.

Big Data 125
Insiders

Sign Up for our Newsletter

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

article thumbnail

Cloud Advances Make Record Keeping Compliance Easier Than Ever

Smart Data Collective

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 108
article thumbnail

Once Upon a Time in the Land of Data

Cloudera

I recently had the privilege of attending the CDAO event in Boston hosted by Corinium. Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. Let them help you articulate the measurable benefits to the business. As an example, specialty insurance underwriting was highlighted.

article thumbnail

Transforming IT culture for business success

CIO Business Intelligence

To reinforce the creator culture, Wenhold’s group hosts regular events like hackathons and Nitro Create, a development conference keyed to specific themes designed to encourage people to think outside the box. What’s a key measure that an IT culture is well formed and delivering results?

IT 126
article thumbnail

Are You Ready for Cloud Regulations?

CIO Business Intelligence

Rather than wait for a compliance mandate, it is critical for insurers and financial services providers of all kinds to consider—and prepare now—for the implications. Insurers and financial services firms are very practiced in the requirements related to redundancy and disaster recovery. We all know the drill. .

article thumbnail

Are You Ready for Cloud Regulations?

Cloudera

Rather than wait for a compliance mandate, it is critical for insurers and financial services providers of all kinds to consider — and prepare now — for the implications. Insurers and financial services firms are very practiced in the requirements related to redundancy and disaster recovery. We all know the drill. .