article thumbnail

Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. As a result, their market would shrink.

article thumbnail

How Data Science Experience improves accuracy for the insurance industry

IBM Big Data Hub

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Predictive Analytics Use Case: Online Target Marketing!

Smarten

To make the most out of online marketing, every organization must target the customers with the most promising profile. Predictive analytics can help the business to understand online buying behavior, and when, where and how to serve ads, market products and offer discounts or other incentives. Marketing Optimization.

article thumbnail

The 10 highest-paying industries for IT talent

CIO Business Intelligence

Knowledge areas especially vital to the consumer products industry include e-commerce, digital marketing, supply chain management, and mobile app development. And as more insurance companies develop client-facing apps and services, there’s a need for UX/UI designers, developers, and engineers.

IT 122
article thumbnail

How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

The global AI market is projected to grow to USD 190 billion by 2025, increasing at a compound annual growth rate (CAGR) of 36.62% from 2022, according to Markets and Markets. Real-time data analytics helps in quick decision-making, while advanced forecasting algorithms predict product demand across diverse locations.

article thumbnail

5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

We will continue to reduce our investment and presence at our on-prem data center,’’ says Raju Seetharaman, senior vice president of IT and transformation at life insurance company Legal & General America. “We There are indications the voice market is slowing. IDC is forecasting a 5.1% in 2023, the firm says.

IT 145
article thumbnail

The most valuable AI use cases for business

IBM Big Data Hub

Not only will this help scale the AOT tech across markets, but it will also help tackle integrations including additional languages, dialects and menu variations. See what’s ahead AI can assist with forecasting. Manufacturing Advanced AI with analytics can help manufacturers create predictive insights on market trends.