CIO Business Intelligence

APRIL 24, 2023

That’s exactly what The Hartford is doing, having made a conscious choice three years ago to invest in development programs to enrich its own people as well as to position the insurance company as a destination employer to appeal to potential candidates drawn to modern IT environments, according to Deepa Soni, The Hartford’s CIO.

IT 101

IT Strategy Software Insurance 101

CIO Business Intelligence

MARCH 8, 2023

Those early professional experiences in tech ed coupled with an opportunity to move to Europe brought her into the IT realm. Koinig studied user experience and user interface design at the Vienna University of Technology, earning a doctorate. She took a position as a senior IT program manager, then global IT director and next delegate CIO.

IT 130

IT Consulting Insurance Technology 130

CIO Business Intelligence

JUNE 7, 2022

The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics draws from a range of disciplines — including computer programming, mathematics, and statistics — to perform analysis on data in an effort to describe, predict, and improve performance.

Data Analytics 122

Data Analytics Diagnostic Analytics Management Analytics 122

DataRobot Blog

APRIL 29, 2022

when the Federal Deposit Insurance Commission (FDIC) announced its adoption of Supervisory Guidance on Model Risk Management , previously outlined by the FRB and OCC. With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. What is a model?

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

MARCH 9, 2022

Hiring for US IT roles slowed dramatically in February 2022, according to CompTIA, even as US Bureau of Labor Statistics figures showed non-farm employment growing across the rest of the economy. It’s not because companies don’t want IT workers, though: It’s that they don’t want to meet their pay demands. Higher pay needed.

IT 57

IT Manufacturing Insurance Statistics 57

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

Smart Data Collective

MARCH 8, 2021

Direct costs include depreciation, interest, repair and maintenance costs, tire changes, insurance, fuel, taxes, and fees. According to statistics, fuel costs account for nearly 40% of overall expenses for a fleet. Statistics reveal that companies relying on data management reduce total miles driven by 10%. Maintenance.

Big Data 143

Big Data Management Predictive Analytics Statistics 143

Domino Data Lab

JULY 28, 2021

Through a marriage of traditional statistics with fast-paced, code-first computer science doctrine and business acumen, data science teams can solve problems with more accuracy and precision than ever before, especially when combined with soft skills in creativity and communication. Math and Statistics Expertise.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

IBM Big Data Hub

DECEMBER 8, 2023

As Benjamin Franklin once said, “If you fail to plan, you are planning to fail.” ” This same sentiment can be true when it comes to a successful risk mitigation plan. Risk mitigation is the practice of putting an action plan in place to reduce the impact or eliminate risks an organization might face.

Risk 69

Risk Strategy Risk Management Insurance 69

AWS Big Data

JUNE 6, 2023

They have to gather detailed data statistics, such as minimums, maximums, averages, and correlations. They have to then review the data statistics to identify data quality rules, and write code to implement these checks in their data pipelines. It takes days for data engineers to identify and implement data quality rules.

Data Quality 96

Data Quality Statistics Data Lake Visualization 96

IBM Big Data Hub

FEBRUARY 15, 2024

Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 degrees Celsius warmer than pre-industrial levels.

Insurance 60

Insurance Risk Strategy Risk Management 60

O'Reilly on Data

MAY 18, 2020

And last is the probabilistic nature of statistics and machine learning (ML). Because statistics: Last is the inherently probabilistic nature of ML. That means that now is the time to start planning for AI incident response , or how organizations react when things go wrong with their AI systems. AI Is Different—Here’s Why.

Risk 357

Risk Modeling Data Processing Software 357

Smart Data Collective

NOVEMBER 17, 2021

Insurance, investing, logistics and digital marketing are among some of the professions most affected by big data. They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. Well, it may not seem obvious, but there is. So, let’s dive into it.

Data Analytics 126

Data Analytics Analytics Advertising Data-driven 126

Smart Data Collective

SEPTEMBER 16, 2020

These statistical models are growing as a result of the wide swaths of available current data as well as the advent of capable artificial intelligence and machine learning. Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. Data Sourcing.

Predictive Analytics 121

Predictive Analytics Analytics Predictive Modeling Data mining 121

IBM Big Data Hub

FEBRUARY 13, 2024

Generative AI uses advanced machine learning algorithms and techniques to analyze patterns and build statistical models. Each output is unique yet statistically tethered to the data the model learned from. Remember how cool it felt when you first held a smartphone in your hand? the generated content) should most likely land.

Enterprise 120

Enterprise Modeling Testing Data-driven 120

O'Reilly on Data

OCTOBER 11, 2022

Gartner has anointed “Hyperautomation” one of the top 10 trends for 2022. Should it be? Is it a real trend, or just a collection of buzzwords? As a trend, it’s not performing well on Google; it shows little long-term growth, if any, and gets nowhere near as many searches as terms like “Observability” and “Generative Adversarial Networks.”

Data Integration 286

Data Integration Insurance Dashboards Modeling 286

Smarten

JUNE 26, 2018

It is used to determine whether there is a statistically significant association between the two categorical variables. At 95% confidence level (5% chance of error) – As p-value = 0.041 which is less than 0.05, there is a statistically significant association between gender and product category purchased.

Testing 40

Testing Statistics IT Business Intelligence 40

O'Reilly on Data

MARCH 22, 2019

I’m not OK with those same images going to an insurance consortium, where they can become evidence of a “pre-existing condition,” or to a marketing organization that can send me fake diagnoses. We’re all used to spam blocking, and we don’t object to it, at least partly because email would be unusable without it. Other credit cards worked.)

Metadata 239

Metadata Advertising Insurance Modeling 239

CIO Business Intelligence

JUNE 26, 2023

Companies in the healthcare, aviation, technology, software development, engineering, construction, real estate, publishing, financial, marketing, manufacturing, education, insurance, government and many more need and seek good project managers. In fact, the Bureau of Labor Statistics outlook for project managers is bright.

Management 98

Management Risk Insurance Business Objectives 98

Smart Data Collective

NOVEMBER 3, 2021

We have talked extensively about the role of AI in investment management and insurance. It refers to underwriting, customer onboarding, document management, analysis, and statistics. There is no denying the reality that artificial intelligence is setting new standards in the financial sector. The banking industry is among them.

Software 120

Software Data-driven Interactive Insurance 120

Smart Data Collective

MAY 27, 2021

According to statistics from the Motor Cycle Industry Association in 2020 there were 78% more new motorbike registrations, so the word is starting to spread within the motorbike world, and fast. Are electric motorbikes feasible? Often electric motorbikes are faced with a great deal of skepticism. Can AI help make them more practical?

Manufacturing 90

Manufacturing Insurance Marketing Statistics 90

Smart Data Collective

NOVEMBER 1, 2020

Overall, clustering is a common technique for statistical data analysis applied in many areas. Besides data mining, this tool is in-demand in the following fields: Market segmentation; Document clustering; Image segmentation; Pattern recognition; Insurance fraud detection and others. Imagine you put together an IKEA couch.

Machine Learning 133

Machine Learning Data mining Visualization Statistics 133

Smart Data Collective

AUGUST 11, 2022

Insurance companies are using data analytics to improve their actuarial processes. However, statistics have shown that many businesses don’t receive customer payments on time. Companies are projected to spend nearly $12 billion on financial analytics services by 2028. Many investors are using data analytics to invest in stocks.

Data Analytics 115

Data Analytics Optimization Analytics Cost-Benefit 115

CIO Business Intelligence

SEPTEMBER 30, 2022

The report comprises responses from 2,000 18-to-24 year-olds—44% of whom were already working in tech roles—and 200 senior business leaders in key industries, including financial services, insurance and pharmaceuticals. What is driving the racial and gender talent gap? What should businesses be doing better?

Reporting 89

Reporting Insurance Statistics Technology 89

Octopai

JANUARY 25, 2021

With such sensitive information at risk, the federal government passed the Health Insurance Portability and Accountability Act (HIPAA). The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a set of regulations that healthcare providers must follow to protect patients’ healthcare data. What Is HIPAA Compliance?

Insurance 52

Insurance Metadata Statistics Reporting 52

Smarten

JUNE 21, 2018

Time series forecasting methods are used to extract and analyze data and statistics and characterize results to more accurately predict the future based on historical data. Business Problem : Insurance claim manager wants to forecast policy sales for next month based on past 12 months data. 2) Double Exponential Smoothing Use Case.

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40

CIO Business Intelligence

FEBRUARY 3, 2023

The ability to suck words and numbers from images are a big help for document-heavy businesses such as insurance or banking. Using RPA tools, a company can configure software, or a “robot,” to capture and interpret applications for processing a transaction, manipulating data, triggering responses, and communicating with other digital systems.

Data-driven 145

Data-driven Interactive Enterprise Statistics 145

IBM Big Data Hub

SEPTEMBER 28, 2023

Financial tasks evaluated includes: providing sentiment scores for stock and earnings call transcripts, classifying news headlines, extracting credit risk assessments, summarizing financial long-form text and answering financial or insurance-related questions. ” The initial release of watsonx.ai

Testing 89

Testing Finance Enterprise Modeling 89

FineReport

JULY 28, 2021

It can be defined as a combination of statistics, math, and computer science techniques employed to discover the patterns behind data and thus help the decision-making process. Insurance Dashboard (by FineReport). It helps executives, managers, and employees make informed business decisions. . financial dashboard (by FineReport).

Business Intelligence 98

Business Intelligence Data Science Data Analytics Analytics 98

Rita Sallam

APRIL 2, 2023

Dataiku Dataiku chose to focus on flood risk by geography and flooding’s economic impact on commercial insurance policies and claims. Southern Florida’s Atlantic coast has increased flood risk, leading to more and costlier flood insurance claims in areas like Homestead and Miami compared to West Palm Beach and Port Saint Lucie.

Optimization 52

Optimization Machine Learning Insurance Risk 52

CIO Business Intelligence

JULY 26, 2023

“The only thing we have on premise, I believe, is a data server with a bunch of unstructured data on it for our legal team,” says Grady Ligon, who was named Re/Max’s first CIO in October 2022. As for Keller Williams, Chief Technology and Digital Officer Chris Cox sees the cloud as an engine for innovation. “We

Data Lake 89

Data Lake Digital Transformation Machine Learning Data Architecture 89

Smart Data Collective

AUGUST 27, 2020

The UK Office of National Statistics shows that roughly 30% of all retail sales are conducted over the Internet. Essentially an accumulated record of your spending habits and history, it’s the precious kind of data needed by the loans and insurance industries to keep running. It’s no secret we live in a digital world! All online.

Big Data 77

Big Data Finance Risk Insurance 77

Smart Data Collective

MAY 20, 2021

General user’s statistics. There are a lot of issues in big data that warrant discussion. It is important to be aware of the different online data analytics metrics and tools used to track people online, since they shape the direction of big data technology. It is interesting how one word – cookies can mean different things. Usage of VPN.

Advertising 85

Advertising Analytics Big Data Insurance 85

AWS Big Data

SEPTEMBER 6, 2023

Amazon Redshift is a fully managed, petabyte-scale data warehouse service in the cloud. With Amazon Redshift, you can analyze all your data to derive holistic insights about your business and your customers. It supports stored procedures where prepared SQL code is saved and the code can be reused over and over again.

Data Warehouse 98

Data Warehouse Insurance Statistics Software 98

Alation

JULY 7, 2022

In 2013 I joined American Family Insurance as a metadata analyst. In 2018, American Family Insurance became an Alation customer and I became the product owner for the AmFam catalog program. The Bureau of Labor Statistics projects the job outlook for data scientists to grow 22% from 2020 to 2030. Two data-driven careers.

Metadata 52

Metadata Data-driven Insurance Statistics 52

Smart Data Collective

APRIL 11, 2019

It is being used in every industry from healthcare delivery to insurance modeling to political science. In addition to a variety of core courses that cover programming, statistics, and databases, students may choose one of several data analysis courses.”. Big data is playing a monumental role in economic development in 2019.

Big Data 76

Big Data Insurance Statistics Technology 76

Smart Data Collective

NOVEMBER 29, 2019

According to the following statistics, you can expect that: The RPA market will reach $2.9 Banking, Insurance, Healthcare, and Retail are the top industries leveraging the power of RPA. Big data technology is essential to the field of robotics. The Importance of Big Data in RPA. billion in 2021.

Big Data 54

Big Data Technology Cost-Benefit Insurance 54