Jet Global

APRIL 5, 2021

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. That being said, one model can’t do it all. What Is Financial Modeling? Risk management.

Modeling 98

Modeling Forecasting Metrics Finance 98

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

Smart Data Collective

AUGUST 29, 2022

However, the rapidly changing business environment requires more sophisticated analytical tools in order to quickly make high-quality decisions and build forecasts for the future. For example, insurance companies use cluster analysis to detect false claims, while banks use it to assess creditworthiness. Predictive analytics.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114

Jet Global

JULY 15, 2021

There’s an old saying in the business world that “All forecasts are wrong.” After the world-changing events of 2020, business leaders are more interested than ever in exploring these kinds of possibilities, modeling best case and worst-case scenarios, asking “what if?” Consider sales forecasts, for example.

Modeling 98

Modeling Recreation/Entertainment Sales Cost-Benefit 98

Jet Global

JANUARY 31, 2022

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. Use Scenario Modeling. Scenario modeling enables decision-makers to compare potential outcomes under a variety of conditions.

Forecasting 52

Forecasting Recreation/Entertainment Finance Software 52

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively.

Cost-Benefit 135

Cost-Benefit Metrics Insurance Measurement 135

datapine

OCTOBER 21, 2020

Now that we live longer, treatment models have changed and many of these changes are namely driven by data. By utilizing key performance indicators in healthcare and healthcare data analytics, prevention is better than cure, and managing to draw a comprehensive picture of a patient will let insurance provide a tailored package.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Jet Global

OCTOBER 18, 2021

The “What” and “Why” of Demand Planning and Forecasting. To allocate assets effectively and operate more efficiently, supply chain managers have turned to the science of demand planning and forecasting. Demand forecasting is about predicting potential spikes or troughs in demand. The Four Elements of Demand Planning.

Forecasting 52

Forecasting Recreation/Entertainment Sales Finance 52

CIO Business Intelligence

APRIL 24, 2024

But to find ways it can help grow a company’s bottom line, CIOs have to do more to understand a company’s business model and identify opportunities where gen AI can change the playing field. We quickly learned we needed to build models internally in a dedicated environment or a cloud environment that’s 100% secured and controlled,” he says.

Sales 118

Sales Finance Experimentation Cost-Benefit 118

Jet Global

FEBRUARY 9, 2022

This applies to collaborative planning, budgeting, and forecasting, which, without the right tools, can be daunting. What can hold you back from working smarter is the fear of integrating better tools that, although promise improvements, run the risk of throwing off your whole process. Why Bizview.

Forecasting 52

Forecasting Recreation/Entertainment Reporting Software 52

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Jet Global

AUGUST 24, 2021

Enter scenario modeling. Scenario modeling is the practice of developing financial models based on several possible outcomes, and developing plans around each of those situations. Let’s look at some of the best practices for financial scenario modeling. What if revenue comes in well under the forecast?

Modeling 52

Modeling Recreation/Entertainment Forecasting Sales 52

CIO Business Intelligence

APRIL 27, 2023

Organizations must proactively mitigate generative AI’s inherent risks, in areas such as ethics, bias, transparency, privacy and regulatory requirements. Consider an insurance company using generative AI to forecast claim amounts for its policyholders.

Enterprise 70

Enterprise Insurance Cost-Benefit Digital Transformation 70

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 120

Enterprise Modeling Testing Data-driven 120

CIO Business Intelligence

JUNE 7, 2022

To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more. It is frequently used for risk analysis. It is frequently used for economic and sales forecasting. What are the four types of data analytics?

Data Analytics 123

Data Analytics Diagnostic Analytics Management Analytics 123

CIO Business Intelligence

FEBRUARY 13, 2023

In one use case, AR and VR are being used to re-create people’s spines in a model so that surgeons can look at them in advance of surgeries to help them perform better, says Peter Fleischut, group senior vice president and chief information and transformation officer. IDC is forecasting a 5.1% in 2023, the firm says.

IT 145

IT Insurance Machine Learning Marketing 145

DataRobot

NOVEMBER 15, 2021

This will be further expanded to energy, life sciences, insurance, government, telecommunications and media organizations in 2022. DataRobot AI Cloud on AWS enables organizations across the banking and healthcare industry to easily build, deploy, and monitor machine learning models that yield actionable insights and ROI. Find out more.

Manufacturing 52

Manufacturing Forecasting Machine Learning Data-driven 52

Cloudera

JULY 20, 2021

An example from retail: higher fidelity demand forecasting in a large leading global grocery retailer produced a 5% to 7% increase in sales by minimizing out-of-stocks and a 30% to 50% reduction of average out-of-stocks in stores – that’s millions of dollars for most retailers. GDP forecasts keep rising and falling.

Manufacturing 104

Manufacturing Forecasting IoT Insurance 104

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. CarMax CITO Shamim Mohammed confirms his company was using OpenAI’s GPT-3.x

Risk 129

Risk Manufacturing Enterprise Technology 129

bridgei2i

MAY 26, 2020

By allowing that, they could have a steady demand forecast based on sensing algorithms and react faster to such events. He has delivered hundreds of millions of dollars of impact to his clients in High-Tech CPG and Manufacturing Industries, particularly in the areas of demand forecasting, inventory and procurement planning. Transcript.

Enterprise 131

Enterprise Management Forecasting Manufacturing 131

Rita Sallam

APRIL 2, 2023

Qlik Key Findings: In the US alone, there’s $367 billion in agricultural commodities at risk to flooding in the US alone. A large part of under-developed Asian countries ranging from Bangladesh to Vietnam are at high risk of flooding events. million people at risk of catastrophic, flooding. In 2000, the Netherlands had 8.5

Optimization 52

Optimization Machine Learning Insurance Risk 52

IBM Big Data Hub

OCTOBER 12, 2023

Connecting AI models to a myriad of data sources across cloud and on-premises environments AI models rely on vast amounts of data for training. Once trained and deployed, models also need reliable access to historical and real-time data to generate content, make recommendations, detect errors, send proactive alerts, etc.

Cost-Benefit 78

Cost-Benefit Metadata Data Governance Modeling 78

CIO Business Intelligence

JUNE 7, 2022

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 billion in cost savings for the insurance industry as well during the same period. . billion globally over a five-year period, it gets noticed. The same study estimated that chatbots would lead to $1.3 An Industry Redefining Itself.

Unstructured Data 80

Unstructured Data Deep Learning Insurance Interactive 80

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Can we model the impact for such structural shocks?

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

DataRobot

JUNE 1, 2021

Before you put a model into production, you may first need to clear compliance hurdles. Industries such as banking and credit, insurance, healthcare and biomedicine, hiring and employment, and housing are often tightly regulated. You should first identify potential compliance risks, with each additional step again tested against risks.

Uncertainty 52

Uncertainty Machine Learning Advertising Risk 52

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. A smaller number (16% of IT leaders and 11% of LOB) sought out CIO consultation to help evaluate and advise on choices using a risk management or governance lens.

Digital Transformation 119

Digital Transformation Strategy Technology Enterprise 119

Smart Data Collective

JULY 25, 2019

Aiding With Risk Assessments. Companies work in the risk assessment realm when representatives decide whether to offer insurance or loans to clients. Some big data AI companies assist underwriters with making risk assessment decisions. Some Companies Will Restructure to Maintain Stability As Big Data AI Gains Prominence.

Big Data 85

Big Data Insurance Risk Cost-Benefit 85

Smart Data Collective

MAY 21, 2019

There are several ways that predictive analytics is helping organizations prepare for these challenges: Predictive analytics models are helping organizations develop risk scoring algorithms. Insurance providers might require them to have adequate safeguards to get compensated for any damages. Mobile phones are a prime example.

Big Data 77

Big Data Cost-Benefit Predictive Analytics Insurance 77

Smart Data Collective

FEBRUARY 2, 2021

By tracking patients’ health, drug interactions, and forecasting their needs, Big Data helps medical institutions deliver targeted solutions. Even last year, Big Data had a major role in predicting the pandemic patterns and creating models to contain the spread of the coronavirus. Public services.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

Cloudera

SEPTEMBER 15, 2022

Retail, where big data is used across all stages of the retail process—from product development, pricing, demand forecasting, and for inventory optimization in the stores. Similar use cases exist across all other verticals like insurance, finance and telecommunications. . Diversity of workloads. Ranger policies.

Metadata 87

Metadata Big Data Optimization Unstructured Data 87

Smarten

JULY 30, 2018

Hospitals and healthcare systems are turning to predictive analytics tools to plan and forecast and understand what, when and how to support patients. How Can Predictive Analysis Tools Help My Hospital or Healthcare Organization?

Predictive Analytics 40

Predictive Analytics Analytics Predictive Modeling Forecasting 40

Smart Data Collective

NOVEMBER 12, 2021

You should use big data to improve your outsourcing models by data mining pools of talented employees. Data-Driven Businesses Are Shifting More Towards Outsourcing Models. Instead, your area of expertise could be selling books, providing insurance, or creating jewelry. However, the converse approach can also be useful.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

CIO Business Intelligence

MARCH 22, 2022

At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . A former CIO100 India winner, Bari has also previously held leadership roles at Max Life Insurance, HT Media, and SBI Card. Gururaj Rao moves to Aditya Birla Health Insurance.

Internet Publishing and Broadcasting 97

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 97

FineReport

APRIL 9, 2024

The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance. Through the utilization of predictive models, clinicians can forecast patient outcomes and resource needs, enabling early intervention and personalized care delivery.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Smarten

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. ARIMAX Forecasting: What is ARIMAX Forecasting and How is it Used for Enterprise Analysis? Use Case(s): Predict success of treatment success based on attributes of a patient, improve weather forecasting results and more.

Analytics 40

Analytics Forecasting Statistics Sales 40

Jet Global

JANUARY 31, 2022

With cloud migration that means making upgrades, licensing, procurement and maintenance simpler with software-as-a-service (SaaS) models. Digital transformation has accelerated as organizations have been forced to adopt new operational models. The aim of technology in finance is to remove friction.

Finance 52

Finance Technology Recreation/Entertainment Reporting 52

bridgei2i

JUNE 30, 2020

And the customers are avoiding the risk of exposure. The pre-COVID-19 forecasts are no longer kind of valid as the pandemic has entirely disrupted the market. Listen Now Insurance is among the most-affected industries of the novel Coronavirus. There is a significant shift in the buying channel towards digital e-commerce.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98