Smart Data Collective

JULY 26, 2023

Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without. When selecting the software , look for features such as reporting tools and analytics capabilities.

Data-driven 74

Data-driven Management Sales Big Data 74

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

Unstructured Data 88

Unstructured Data Deep Learning Insurance Interactive 88

Jet Global

OCTOBER 28, 2021

Deal accelerates insightsoftware’s enterprise position in operational reporting by adding market-leading data analytics and integration products including SAP and Oracle ERP reporting solutions. RALEIGH, N.C. The acquisition is expected to close in early November.

Operational Reporting 83

Operational Reporting Finance Data-driven Reporting 83

Smart Data Collective

JANUARY 26, 2022

Usually, the legal space lacked the data to measure appropriately and report its findings. Increasingly, though, brands and businesses of all sizes expect their legal representatives to leverage and report out – data the same way as the rest of the company. Improved Insurance Claim Processing. What is Legal Analytics?

Data Analytics 72

Data Analytics Analytics Predictive Analytics Insurance 72

Andrew White

DECEMBER 16, 2021

The Fed’s forecast is for: Core Inflation 2021 at 4.4%. The Fed is forecasting three 0.25% rate rises during 2022. Every day more parts of the US economy reports price rise due to a new shortage from another part of the economy. It is everything, from raw materials to consumer goods to insurance to healthcare.

Forecasting 102

Forecasting Insurance Strategy Marketing 102

CIO Business Intelligence

MARCH 22, 2022

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. He brings expertise in developing IT strategy, digital transformation, AI engineering, process optimization and operations.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. A Forrester report commissioned by vendor ADA found that 95% of financial firms would like their chatbots to understand customer history with the company.

Data Processing 89

Data Processing Deep Learning Insurance Cost-Benefit 89

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

CIO Business Intelligence

OCTOBER 18, 2023

based online insurer, is developing an LLM-based platform to handle customer requests with far more intelligent and enhanced chatbots. According to C3, sugar producer Pantaleon is using C3 Gen AI to supplement sales forecasting, while Georgia-Pacific is using it for manufacturing process knowledge.

Risk 135

Risk Manufacturing Enterprise Technology 135

Jet Global

NOVEMBER 30, 2020

Given the right real-time reporting tools , businesses have a multitude of opportunities to find and capitalize on cost savings. Because it had flexible reporting tools capable of drawing from many different data sources easily, the company was able to perform analysis against the cost of materials for a range of projects over three years.

Enterprise 52

Enterprise Finance Cost-Benefit Forecasting 52

IBM Big Data Hub

FEBRUARY 13, 2024

Invest in data hygiene and collection strategies to keep your engine running smoothly. Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Garbage in, garbage out.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

bridgei2i

JUNE 2, 2020

Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. I collaborate with multiple stakeholders across many global companies enabling high impact business transformation strategies, and guiding them in their analytics journey.

Risk Management 128

Risk Management Risk Enterprise Management 128

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

Smart Data Collective

SEPTEMBER 25, 2019

million penalty for violating the Health Insurance Portability and Accountability Act, more commonly known as HIPAA. However, according to a 2018 North American report published by Shred-It, the majority of business leaders believe data breach risks are higher when people work remotely.

Technology 84

Technology Statistics Strategy Insurance 84

Cloudera

SEPTEMBER 7, 2023

The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.” proprietary data, business strategies, methodologies, etc. Enable reporting to internal teams about the statuses of AI projects. Track market trends.

Insurance 78

Insurance Risk Data-driven Finance 78

Jet Global

JUNE 2, 2020

While revenue and collections are clearly priorities, there is a great deal that businesses can do on the buy-side to contribute to an effective cash preservation strategy. Insurance costs, excise taxes, warehouse costs, and inventory shrinkage all affect the bottom line. Inventory is cash sitting on a shelf in a warehouse.

Forecasting 52

Forecasting Optimization Insurance Data-driven 52

datapine

OCTOBER 21, 2020

Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and look for the best strategies to use these numbers. Analytics, already trending as one of the business intelligence buzzwords in 2019, has the potential to become part of a new strategy. What are the obstacles to its adoption?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

MAY 11, 2023

The American Association of Actuaries reports that big data can also help with actuarial decision making. Big Data is used more in property and casualty insurance than in other areas of actuarial practice. Health and life insurance have seen significant advances in Big Data use in recent years.

Data mining 98

Data mining Big Data Sales Cost-Benefit 98

CIO Business Intelligence

APRIL 24, 2023

Across industries, companies are experimenting with more creative talent retention and acquisition strategies, including developing a pipeline of IT professionals that have unconventional backgrounds or are sourced from nontraditional applicant pools. Today, those two strategies are no longer enough. MSC Industrial Supply Co.

IT 108

IT Strategy Software Insurance 108

CIO Business Intelligence

DECEMBER 7, 2022

We haven’t changed our forecast in three quarters,” he says, noting that the US gross domestic product (GDP) is, technically, already in recession territory and has been for the past six months. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America. Budgeting, IT Leadership, IT Strategy.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

MAY 24, 2022

Building a semantic layer describing unified business and reporting definitions. Providing a platform for fact-based and actionable management reporting, algorithmic forecasting and digital dashboarding. Without a clear data strategy that’s aligned to their business requirements, being truly data-driven will be a challenge.

Data-driven 84

Data-driven Data Lake Data Warehouse Cost-Benefit 84

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08

Data Processing 97

Data Processing Cost-Benefit Software Digital Transformation 97

IBM Big Data Hub

MARCH 28, 2024

According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 High security: Certain industries, like insurance, are more prone to data breaches and cyberattacks. billion by 2033, up from USD 92.64 billion in 2023.

Enterprise 104

Enterprise Cost-Benefit Data Processing Software 104

Jet Global

DECEMBER 21, 2020

Diversification has always been a powerful strategy for avoiding risk. To do so, it is critically important to have strong reporting and monitoring tools and procedures in place to ensure that you do not cross pre-defined thresholds and that you can take quick action if and when you have to cross them. The insightsoftware Advantage.

Risk 98

Risk Reporting Sales Forecasting 98

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. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 126

Digital Transformation Strategy Technology Enterprise 126

Cloudera

JULY 20, 2021

A recent McKinsey report dove into the divergence between retail’s laggards and winners and found if there is one message in the retail sector’s stock market performance since the pandemic’s start, it is that investors flocked to companies with strong technology capabilities. GDP forecasts keep rising and falling.

Manufacturing 100

Manufacturing Forecasting IoT Insurance 100

Smarten

JUNE 21, 2018

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. What is the Holt-Winters Forecasting Algorithm? The Holt-Winters algorithm is used for forecasting and It is a time-series forecasting method. 2) Double Exponential Smoothing Use Case.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40

Andrew White

JANUARY 11, 2021

What is unique about the D&A Leadership Vision is that it crossed over into business since for many organizations, the CDO reports into the CEO or COO (as examples). The fill report is here: Leadership Vision for 2021: Data and Analytics. Do you recommend a consulting approach strategy rather than a CDO strategy?

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MARCH 2, 2022

In recent years, investors have been placing an increased emphasis on a range of environmental, social, and governance (ESG) issues resulting in ESG reporting becoming more important. As a result, there are more demands on companies to report on their activities and practices and how they impact environmental and social sustainability.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

Jet Global

JUNE 25, 2021

In more layman terms, public sector KPIs serve two important purposes: They report important information to citizens. The constituents cannot hold their government responsible without having access to periodic reporting on key performance metrics. How to Compare Reporting & BI Solutions. Learn More. Download Now.

Reporting 104

Reporting KPI Metrics Measurement 104

Jet Global

NOVEMBER 16, 2021

Some KPIs are too detailed to be reported to top management, and some KPIs are too general for middle managers and supervisors. Leading indicators predict performance whereas lagging indicators report on it. Using a BI software will help unify the information and ensure that your team always has access to the latest reports.

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

JUNE 24, 2021

Leading and lagging metrics : Leading measures predict future performance, whereas lagging measures report past performance. Unfortunately, preparing financial reports is a tedious and costly task. Most organizations either pay consultants to create expensive custom reports or dedicate the majority of their workforce to this job.

Metrics 98

Metrics Reporting KPI Measurement 98

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. Successful Demand Planning and Forecasting.

Forecasting 52

Forecasting Recreation/Entertainment Sales Finance 52

Jet Global

NOVEMBER 15, 2021

How to Compare Reporting & BI Solutions. The Time Spent by the Organization on Tax Compliance and Financial Reporting: This KPI for the tax department is used to track the resources spent by a company on compliance and reporting. This process is best streamlined using a reporting solution. Download Now.

Metrics 52

Metrics Reporting KPI Risk Management 52

Jet Global

NOVEMBER 2, 2021

Most traditional financial reporting processes consume valuable time and money. Choosing the right financial reporting software will ensure that you don’t waste your resources manually crunching numbers or duplicating information. 5 Things Not to do When Choosing a Financial Reporting Tool. Download Now.

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52

Jet Global

JUNE 30, 2021

This article will outline the key financial, operation, and staffing performance indicators that a CEO should be tracking in 2021, as well as the benefits of tracking these using a dashboard to streamline the reporting process. On the other hand, a decreasing OCF can indicate that a company needs to change its core business strategy.

Metrics 106

Metrics KPI Dashboards Advertising 106

Jet Global

NOVEMBER 23, 2021

While financial reporting and compliance are still key responsibilities of the role, more and more businesses are now leaning on a CFO’s management expertise to help inform strategic decisions. CFOs Need Time For Strategy. Figure 1 CFO Evolution Survey Report, Armanino LLP, 2017 All rights reserved. Powerful Tools.

Slice and Dice 52

Slice and Dice Recreation/Entertainment Reporting Finance 52