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As insurers look to be more agile, data mesh strategies take centerstage

CIO Business Intelligence

In this way, data may just be the ultimate disruptor – a fact that the insurance industry knows all too well. As data volumes continue to increase alongside a correlating number of business requests, modern insurance data leaders face a nuanced set of challenges. Enter data mesh.

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Allstate’s cloud-first approach to digital transformation pays off

CIO Business Intelligence

Most companies’ digital journeys begin by migrating legacy applications to the cloud — the theory being that lifting and shifting workloads can provide a fast onramp to making good on services and capabilities unique to the cloud. But home and automobile insurance company Allstate is taking a different approach.

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Key Strategies and Senior Executives’ Perspectives on AI Adoption in 2020

Rocket-Powered Data Science

While there has been accelerating interest in implementing AI as a technology, there has been concurrent growth in interest in implementing successful AI strategies. senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. anticipate cutting jobs.

Strategy 198
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Express Cloudera POV on 2021 data trends in insurance

Cloudera

Almost a year into the pandemic, the accelerated digital transformation has begun to feel less abrupt and more sustained. 2021 looks likely to be defined by a new phase: Thriving on digital transformation, rather than just surviving through it. . Trend #1: Expanded Use of ML/AI as Part of Digital Acceleration.

Insurance 105
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Peak Preparedness: How Technology Allows Insurers to Manage Sudden Changes in Demand

CIO Business Intelligence

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. Deluged with calls and questions about rapidly changing health guidelines and coverage, insurers had to quickly revamp their systems to provide updated information.

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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

We’re at a critical time for digital transformation. Reporting of major ICT-related incidents : Regulation defines how organizations will need to classify and report ICT-related security incidents moving forward.

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Evolving Trends in Insurance in a post-COVID-19 world

bridgei2i

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. Nonetheless, the firm faces “mid-three-digit” exposures from other event cancellations. The insurance industry —which, in the US alone, accounts for $1.2 Rise in Claim backlogs/ Rejections.