Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. We’ve previously highlighted opportunities to improve digital claims processing with data and AI. To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter. Step one: gather the data.

Analytics 97

Analytics Insurance IoT Risk 97

IBM Big Data Hub

NOVEMBER 30, 2023

While staying focused on mitigating our current and future contributions to climate change is crucial, we cannot ignore the dire impacts of existing climate hazards. In Florida and California, where hurricanes and wildfires respectively have become more rampant, some insurance providers are choosing to stop servicing these regions entirely.

Strategy 93

Strategy Insurance Risk Management 93

IBM Big Data Hub

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge.

Data-driven 112

Data-driven Insurance Digital Transformation Data Warehouse 112

Cloudera

MAY 4, 2022

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Faster decisions . Error reduction.

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

CIO Business Intelligence

MARCH 8, 2023

More and more businesses today have taken root in a digital business model to serve as their stepping stone towards becoming Future Enterprises. To celebrate and recognise the APJ leaders and businesses who have challenged themselves to become a digital business, IDC has launched anew the APJ IDC Future Enterprise Awards.

Enterprise 91

Enterprise Digital Transformation Insurance Strategy 91

AWS Big Data

JUNE 26, 2023

In today’s digital world, data is generated by a large number of disparate sources and growing at an exponential rate. Companies are faced with the daunting task of ingesting all this data, cleansing it, and using it to provide outstanding customer experience. It’s commonly referred to as a data harmonization or deduplication problem.

Insurance 78

Insurance Visualization Data Lake Metrics 78

Cloudera

NOVEMBER 16, 2022

Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. Overall, it struck me that while data science is not new, most firms are still defining the mission of the data office and data officer. Successes are real, but getting there takes creativity and fortitude.

Insurance 78

Insurance Cost-Benefit Metrics Measurement 78

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 59

Insurance Cost-Benefit Digital Transformation Marketing 59

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling.

Insurance 52

Insurance Risk Deep Learning Data-driven 52

Cloudera

DECEMBER 11, 2020

These include the use of more data sources to gain insights and how cloud technologies can assist with digital transformation goals to be more agile and achieve objectives more quickly. Data Variety. Insurance and finance are two industries that rely on measuring risk with historical data models. Insurance .

Insurance 92

Insurance Digital Transformation Unstructured Data Machine Learning 92

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. billion by 2030.

Enterprise 103

Enterprise Interactive Data-driven Key Performance Indicator 103

Octopai

APRIL 18, 2022

Regulatory standards for the insurance industry are almost as old as the insurance industry itself. Insurance in the ancient world tended to revolve around merchants shipping cargo. Insurance for your personal valuables, your pets or your fantasy football players was a thing of the future. . Let’s see how.

Insurance 52

Insurance Risk Cost-Benefit Reporting 52

Smart Data Collective

JUNE 26, 2019

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. The twenty-first century offers a lot of exciting innovations when it comes to data processing and analytics. Seeing Into the Future.

Insurance 93

Insurance Data Analytics Analytics IoT 93

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

Smart Data Collective

JANUARY 26, 2022

Legal analytics is an evolving discipline that is changing the future of the legal profession. Last year, we published an article on the ways that big law and big data are intersecting. Usually, the legal space lacked the data to measure appropriately and report its findings. But what is legal analytics? What is Legal Analytics?

Data Analytics 71

Data Analytics Analytics Predictive Analytics Insurance 71

IBM Big Data Hub

FEBRUARY 13, 2024

The compact design and touch-based interactivity seemed like a leap into the future. Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

CIO Business Intelligence

JUNE 7, 2022

What is data analytics? Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics?

Data Analytics 128

Data Analytics Diagnostic Analytics Management Analytics 128

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. . Area such as: .

Risk 97

Risk Optimization Management Insurance 97

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Cloudera

AUGUST 31, 2020

From leading banks, and insurance organizations to some of the largest telcos, manufacturers, retailers, healthcare and pharma, organizations across diverse verticals lead the way with real-time data and streaming analytics. And Cloudera is at the heart of enabling these real-time data driven transformations. .

Analytics 96

Analytics Manufacturing Insurance Data Processing 96

bridgei2i

MAY 4, 2020

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

Insurance 95

Insurance Enterprise Sales Digital Transformation 95

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

AWS Big Data

MARCH 14, 2024

For us, Kafka’s high-performance distributed log system excels in handling massive data streams, making it indispensable for seamless communication. The unwavering reliability of Kafka aligns with our commitment to data integrity. to Amazon Managed Streaming for Apache Kafka (Amazon MSK) running version 2.6.2.

Management 106

Management Insurance Optimization Strategy 106

CIO Business Intelligence

JANUARY 11, 2023

There’s an industry-wide push to reduce technical and data debt and reallocate those resources toward building the future, Conyard says. “CIOs To achieve this goal, “CIOs need to treat the assessment and analysis of data as a scientific discipline,” he advises. Krantz suggests that IT leaders should seek Ph.D.-level

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

CIO Business Intelligence

SEPTEMBER 26, 2023

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. As a final line of defense, businesses must think about air gapping their data and storing copies that have been cleansed.

IT 91

IT Insurance Cost-Benefit Strategy 91

Smart Data Collective

SEPTEMBER 16, 2020

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. These predictive models can be used by enterprise marketers to more effectively develop predictions of future user behaviors based on the sourced historical data.

Predictive Analytics 120

Predictive Analytics Analytics Predictive Modeling Data mining 120

CIO Business Intelligence

MARCH 27, 2023

Here’s an example of how this could work: A customer calls his car insurance company after being in a minor fender bender. The hype surrounding AI-based voice and chatbots is evident, but do they deliver? Most still perform only extremely basic tasks and often mirror the poor practices of traditional IVRs.

Interactive 107

Interactive Cost-Benefit Insurance Predictive Analytics 107

Smart Data Collective

JULY 16, 2023

Big data technology has undoubtedly changed the financial industry in extraordinary ways. It will play an even more important role in the future. We usually talk about the benefits of big data from the perspective of financial institutions such as hedge fund managers, insurance companies and banks.

Big Data 75

Big Data Marketing Strategy Insurance 75

AWS Big Data

AUGUST 2, 2023

This post was co-written by Sheel Saket, Senior Data Science Manager at FIS, and Rupesh Tiwari, Senior Architect at Amazon Web Services. In this post, we take you on a journey through their collaborative project, exploring how they used Amazon OpenSearch Service to transform their operations, enhance efficiency, and gain valuable insights.

Visualization 79

Visualization Insurance Cost-Benefit Finance 79

Cloudera

APRIL 7, 2021

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

Insurance 57

Insurance Digital Transformation Internet of Things IoT 57

Smart Data Collective

AUGUST 7, 2019

We have talked extensively about the fields that rely most heavily on big data. The insurance industry is one of the companies investing the most in big data technology. Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry.

Big Data 76

Big Data Insurance Cost-Benefit Risk 76

Smart Data Collective

MAY 29, 2022

What is data analytics? One of the most buzzing terminologies of this decade has got to be “data analytics.” Companies generate unlimited data every day, and there is no end to the data collected over time. Companies need all of this data in a structured manner to improve their decision—making capabilities.

Data Analytics 131

Data Analytics Analytics Strategy Insurance 131

Rocket-Powered Data Science

FEBRUARY 12, 2021

Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation. Sound similar?

ROI 233

ROI Digital Transformation Reporting Machine Learning 233

CIO Business Intelligence

MAY 2, 2022

Can you deliver meaningful results on a data project within one or two quarters? That’s a requirement for nearly any initiative undertaken by Petco Chief Data and Analytics Officer Rakesh Srinivasan, who invests the talent and resources to achieve results quickly.

Advertising 85

Advertising Data Governance Insurance Strategy 85

Smart Data Collective

APRIL 13, 2021

Big data analytics has already had a transformative influence across a wide range of sectors, and it’s perhaps no more prevalent than in the world of healthcare. Big data analytics has enabled doctors to access a holistic view of a patient’s health history. Image: Impact ). Smart Glasses & Healthcare Delivery.

Big Data 115

Big Data Insurance Data Analytics Technology 115

CIO Business Intelligence

JUNE 12, 2023

It can often be found in innovative uses of data. Here’s how manufacturers can harness data analytics to improve performance across three critical areas of their businesses. Predictive or condition-based maintenance uses historical data about equipment performance to predict the likelihood of future failures.

Manufacturing 52

Manufacturing Insurance Uncertainty Big Data 52