CIO Business Intelligence

OCTOBER 3, 2023

They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. Intelligent document processing: uses artificial intelligence and machine learning techniques to automate the processing of documents and unstructured data.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

bridgei2i

APRIL 23, 2020

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

Smart Data Collective

DECEMBER 21, 2020

Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Insurers are already using AI to select rates for customers and measure the risk they may pose, but how will it directly be of use in claims processing? Capturing data from documents.

Insurance 134

Insurance Cost-Benefit Big Data Unstructured Data 134

IBM Big Data Hub

DECEMBER 4, 2023

The most common insurance use cases include optimizing processes that require processing large documents and large blocks of text or images. Customer engagement Providing insurance coverage involves working with numerous documents. IBM works with several insurance companies to identify high-value opportunities for using generative AI.

Insurance 56

Insurance Digital Transformation Risk Management Risk 56

CIO Business Intelligence

MARCH 7, 2023

Vince Kellen understands the well-documented limitations of ChatGPT, DALL-E and other generative AI technologies — that answers may not be truthful, generated images may lack compositional integrity, and outputs may be biased — but he’s moving ahead anyway. That slows us down a bit, but it’s the right thing to do,” he says.

Enterprise 116

Enterprise IT Experimentation Unstructured Data 116

CIO Business Intelligence

DECEMBER 4, 2023

Although less complex than the “4 Vs” of big data (velocity, veracity, volume, and variety), orienting to the variety and volume of a challenging puzzle is similar to what CIOs face with information management. A modern ILM approach helps CIOs and their teams align processes to business objectives and regulatory requirements.

Unstructured Data 52

Unstructured Data Data Lake Metadata Business Objectives 52

Ontotext

DECEMBER 16, 2021

Companies in the life sciences face data challenges on two fronts: Volume. Organizations in this sector often deal with multiple repositories of millions of documents on top of proprietary data from labs and other internal sources. See figure 1.). Simplified Graph of Drug Features. Clinical study.

Metadata 98

Metadata Reporting Unstructured Data Risk 98

Smart Data Collective

AUGUST 30, 2022

The testing helps reduce the overall cost, time, and risk associated with building new hardware so companies can focus more on their core business functions. Centralized data storage. For example, e-mail messages and documents are stored in the cloud, giving users access to their data from any location.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

Cloudera

OCTOBER 28, 2021

Since the beginning of Commercial insurance as we know it today, insurers have been using data generated by other industries to assess and rate risks. In the days of Lloyd’s Coffee House , insurers gathered data about cargo, voyages, seasonal weather and the performance history of vessels and mariners to underwrite risks.

Insurance 94

Insurance Risk Unstructured Data Data-driven 94

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 98

Risk Cost-Benefit Strategy Unstructured Data 98

bridgei2i

NOVEMBER 25, 2020

One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. The automated process can then be used to parse structured and unstructured data sources such as IoT data, claims data, physical proofs, social data, life health data, etc.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

CIO Business Intelligence

SEPTEMBER 21, 2023

The phrase “existential risk” is now everywhere—not in the sense the AI would destroy humanity, but that it would make business functions, or even entire companies, obsolete. If you take something slightly risky and make it a thousand times bigger, the risks are amplified,” he says. But it’s a sign of what’s to come. “If

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

IBM Big Data Hub

AUGUST 28, 2023

These are two common methods for text representation: Bag-of-words (BoW): BoW represents text as a collection of unique words in a text document. Term frequency-inverse document frequency (TF-IDF): TF-IDF calculates the importance of each word in a document based on its frequency or rarity across the entire dataset.

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

Cloudera

JUNE 22, 2023

It integrates data from databases, cloud or RESTful APIs, and real-time, streaming feeds, as well as unstructured data from document databases and other sources. The post Do You Know Where All Your Data Is? Flexibility. Learn more about CDP and how Cloudera supports Financial Services Modernization.

Cost-Benefit 65

Cost-Benefit Digital Transformation Data Governance Unstructured Data 65

erwin

JUNE 26, 2020

A data catalog uses metadata, data that describes or summarizes data, to create an informative and searchable inventory of all data assets in an organization. Clearly documents data catalog policies, rules and shares information assets. Managing a remote workforce creates new challenges and risks.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

Smart Data Collective

NOVEMBER 25, 2019

Just as companies are becoming more aware of the value of data, so are hackers — and as a result, the frequency and cost of data breaches are beginning to skyrocket. In the future, companies that come to rely on these new data sources will also need to protect that data — or risk the consequences.

Business Intelligence 101

Business Intelligence Predictive Analytics Data Collection Internet of Things 101

bridgei2i

OCTOBER 7, 2020

The unprecedented circumstances surrounding pandemic have increased awareness around insurable risks across different financial losses that can be covered as everyone in the world have faced financial losses like unemployment, travel cancellation, health issues, business interruptions, etc.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

erwin

JANUARY 17, 2020

Otherwise, data-driven initiatives can stall. Thanks to organizations like Amazon, Netflix and Uber, businesses have changed how they leverage their data and are transforming their business models to innovate – or risk becoming obsolete. They’re better at dealing with other non-relational data too. What is Data Modeling?

Data-driven 138

Data-driven Modeling Metadata Data Governance 138

Alation

FEBRUARY 13, 2020

At some level, every enterprise is struggling to connect data to decision-making. In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

Smart Data Collective

SEPTEMBER 26, 2019

Unstructured. Unstructured data lacks a specific format or structure. As a result, processing and analyzing unstructured data is super-difficult and time-consuming. Semi-structured data contains a mixture of both structured and unstructured data. Role of Software Development in Big Data.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

Octopai

MARCH 22, 2023

Support for multiple data structures. Unlike traditional data warehouse platforms, snowflake supports both structured and semi-structured data. It allows users to combine all types of structured and unstructured data for analysis and load it into a database without demanding any transformations or conversions.

Cost-Benefit 78

Cost-Benefit Data Warehouse Unstructured Data Optimization 78

CIO Business Intelligence

JULY 14, 2023

“While you can power your own copilot using any internal data, which immediately improves the accuracy and decreases the hallucination, when you add vector support, it’s more efficient retrieving accurate information quickly,” Microsoft AI platform corporate VP John Montgomery says. Some are general, others more targeted.

Modeling 98

Modeling Machine Learning Cost-Benefit B2B 98

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. This blog is an introduction to some advanced NoSQL and data lake database design techniques (while avoiding common pitfalls) is noteworthy. Webcast: Build better data models.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

Alation

SEPTEMBER 9, 2021

Data governance means putting in place a continuous process to create and improve policies and standards around managing data to ensure that the information is usable, accessible, and protected. In banks, this means: Setting data format standards. Identifying structured and unstructured data that needs to be protected.

Data Governance 52

Data Governance Data Strategy Strategy Risk 52

Ontotext

MARCH 18, 2020

According to an article in Harvard Business Review , cross-industry studies show that, on average, big enterprises actively use less than half of their structured data and sometimes about 1% of their unstructured data.

Enterprise 59

Enterprise B2B Unstructured Data Machine Learning 59

Octopai

JUNE 24, 2019

“Data governance” is data management policy that ensures the integrity, availability, and efficiency of data within a company. This policy includes specialists, processes, and technology used to manage data. Additionally, features that manage data relationships through hierarchies make this process much easier.

Data Governance 42

Data Governance Metadata Unstructured Data Software 42

Smart Data Collective

JUNE 7, 2019

We’ll also deal with how big data stream processing can help new emerging markets in the world. What is Big Data? Big Data is defined as a large volume of structured and unstructured data that a business comes across their day-to-day operations. However, the amount of data isn’t really a big deal.

Big Data 81

Big Data Marketing Cost-Benefit Unstructured Data 81

FineReport

APRIL 26, 2023

Apache Hadoop Apache Hadoop is a Java-based open-source platform used for storing and processing big data. It is based on a cluster system, allowing it to efficiently process data and run it parallelly. It can process structured and unstructured data from one server to multiple computers and offers cross-platform support to users.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Ontotext

NOVEMBER 2, 2023

However, it will take effort to formalize a shared semantic model that can be mapped to data assets, and turn unstructured data into a format that can be mined for insight. This is the future of modern data and analytics and a critical enabler to getting more value and insight out of your data.

IT 69

IT Cost-Benefit Data-driven Technology 69

IBM Big Data Hub

SEPTEMBER 7, 2023

It has an end-to-end process for building and testing foundation models and generative AI — starting with data collection and ending in control points for tracking the responsible deployments of models and applications — focused on governance, risk assessment, bias mitigation and compliance.

Modeling 105

Modeling Risk Unstructured Data Enterprise 105

IBM Big Data Hub

DECEMBER 1, 2023

Role of generative AI in digital transformation and core modernization Whether used in routine IT infrastructure operations, customer-facing interactions, or back-office risk analysis, underwriting and claims processing, traditional AI and generative AI are key to core modernization and digital transformation initiatives.

Insurance 105

Insurance Digital Transformation Unstructured Data Risk 105

Ontotext

MAY 22, 2023

At the heart of such tools is the extraction of fields from forms or specific attributes from documents. Luckily, the text analysis that Ontotext does is focused on tasks that require complex domain knowledge and linking of documents to reference data or master data. That’s something that LLMs cannot do.

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

Cloudera

NOVEMBER 14, 2023

Learn how JP Morgan Chase is “combining business, data, policy, and philanthropic resources, to improve housing affordability and stability as well as homeownership opportunities for Black, Latino, and Hispanic households in the greater Washington, DC area.”

Cost-Benefit 73

Cost-Benefit Unstructured Data Data-driven Risk 73

Cloudera

NOVEMBER 18, 2021

The variety of formats, unstructured nature, and dispersed location of these documents present several challenges for critical business decisions. To enable faster and easier access to millions of documents, ExxonMobil combined domain specific knowledge and a combination of Cloudera tools with cloud services. Data for Good.

Data Lake 74

Data Lake Cost-Benefit Digital Transformation Risk 74

Ontotext

FEBRUARY 26, 2024

The answers to these foundational questions help you uncover opportunities and detect risks. We bundle these events under the collective term “Risk and Opportunity Events” This post is part of Ontotext’s AI-in-Action initiative aimed to empower data, scientists, architects and engineers to leverage LLMs and other AI models.

Data-driven 59

Data-driven Risk Modeling Risk Management 59

CIO Business Intelligence

NOVEMBER 18, 2022

3M 360 Encompass is a collection of applications that work together to help hospitals streamline processes, receive accurate reimbursement, promote compliance, and make data-informed decisions. The cloud served as the foundation for this transformation.

Insurance 75

Insurance Contextual Data Testing Unstructured Data 75

O'Reilly on Data

SEPTEMBER 19, 2023

While data scientists were no longer handling Hadoop-sized workloads, they were trying to build predictive models on a different kind of “large” dataset: so-called “unstructured data.” A single document may represent thousands of features. “Here’s our risk model.

Machine Learning 247

Machine Learning Testing Modeling Cost-Benefit 247