bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Cloudera

JANUARY 27, 2022

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. I have been researching more about how we can use the new data from those devices to design more innovative insurance products while being aware that these should all be contingent upon customer opt-in.

Insurance 83

Insurance IoT Risk Data Processing 83

Smart Data Collective

MAY 10, 2022

According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 According to MarketsandMarkets , AI in the cybersecurity market is projected to grow from $8.8 There are a few dedicated marketplaces for buying automated trading strategies, e.g., the MQL5 Marketplace.

Marketing 110

Marketing Technology Insurance Machine Learning 110

Decision Management Solutions

MAY 1, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. That post, referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , in which he states that there are only three levers of value in insurance: 1. Sell More , 2. Cost Less to Operate.

Insurance 75

Insurance Technology Predictive Analytics Risk 75

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

Decision Management Solutions

APRIL 15, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

CIO Business Intelligence

NOVEMBER 8, 2023

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

IT 124

IT Insurance Machine Learning Cost-Benefit 124

CIO Business Intelligence

NOVEMBER 16, 2023

In a career spanning such companies as IBM, KeyCorp, M&T Bank, and BMO, she has “answered the call” many times, most recently as CIO of The Hartford, where she is responsible for the overall strategy, vision, and execution of business technology, cyber, data analytics, and data science. We are focused on being agile, not ‘doing Agile.’

Insurance 128

Insurance Enterprise Risk Digital Transformation 128

Ontotext

JANUARY 29, 2024

The generative AI buzz and interest in cloud migration shouldn’t be ignored, but as with any technology that requires data strategy, it’s critical that data and analytics professionals be crystal clear about their priorities and confident in the projects that will positively impact their business and goals.

Strategy 52

Strategy Management Metadata Data-driven 52

CIO Business Intelligence

FEBRUARY 21, 2024

The company was in the final stages of refreshing our business strategy; in September 2021, we spun off from Prudential plc to become an independent public company. Our strategy was to accelerate our core competencies to position ourselves and our brand in the market. What is the strategy you eventually developed?

Scorecard 105

Scorecard Insurance Strategy Digital Transformation 105

Smart Data Collective

NOVEMBER 1, 2022

In addition, even an insurance agency must ensure that the taxes are paid before the deadline to avoid penalties from government agencies. Availing of all the tax deductions is also necessary, and professional insurance accounting services can help you in this regard. Plan for Tax Season Before it Gets Started.

Strategy 84

Strategy Insurance Software Reporting 84

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Digital Transformation 128

Digital Transformation Insurance Interactive Sales 128

Decision Management Solutions

SEPTEMBER 5, 2019

McKinsey recently reported that “Most carriers are struggling to meet their cost of capital, and productivity has barely moved over the past decade” and that “The insurance industry is facing a serious structural challenge … the majority of carriers are not making their cost of capital.” Register today!

Insurance 40

Insurance Machine Learning Marketing Management 40

CIO Business Intelligence

MARCH 12, 2022

A well-establish, well-executed employee retention strategy is a key competitive differentiator, as a company’s ability to hold on to its talent — especially in tight hiring markets — has profound ramifications for its ability to operate at a high level, without the disruptions that employee turnover bring. “We

Strategy 128

Strategy Cost-Benefit Management Enterprise 128

Andrew White

AUGUST 4, 2020

I read the EU Data Strategy some weeks ago. The biggest challenge of all is that the EU is seeking to create a market for data. There are of course already many markets for data. But the EU seems focused on a need for a kind pan-EU market. We must revert to something else: hence a Data Strategy….

Data Strategy 52

Data Strategy Strategy Marketing Data Collection 52

CIO Business Intelligence

DECEMBER 7, 2023

Along the way, business leaders in every industry have been scrambling to develop their generative AI strategies, address potential risks, and figure out the best next action while trying to stay one step ahead of the competition. Where will the biggest transformation occur first? First, it is clear that generative AI will transform business.

Insurance 89

Insurance Experimentation Finance Data Governance 89

Peter James Thomas

MARCH 23, 2020

In my last article, Data Strategy Creation – A Roadmap , I hopefully gave some sense of the complexities involved in developing a commercially focussed Data Strategy. I had successfully developed and then executed a Data Strategy for the European operations of a leading Global General Insurer. Business Interviews and 1.5

Data Strategy 89

Data Strategy Strategy Insurance Interactive 89

CIO Business Intelligence

JULY 27, 2023

Instead, he’s implementing a dual-track strategy: to limit generative AI utilization through strict policies, while rapidly developing and piloting approved and safe applications. Other CIOs have adopted similar strategies. In insurance, we live in data all the time — and in third-party data — that’s different from some industries.

IT 98

IT Insurance Strategy Risk 98

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. The top marketing strategists of every organization need to understand its benefits and use it effectively. The market for marketing analytics technology is growing nearly 14% a year. Social Media Marketing.

Data Analytics 133

Data Analytics Analytics Advertising Big Data 133

CIO Business Intelligence

FEBRUARY 16, 2024

Building an effective GenAI strategy is about much more than launching a point solution or siloed group of tools that only work for one part of the business. In fact, there are five key areas CIOs need to consider when developing an enterprise GenAI strategy, all of which become much more achievable with the right partnerships in place.

Strategy 138

Strategy Insurance Digital Transformation Enterprise 138

CIO Business Intelligence

DECEMBER 18, 2023

IDC predicts the worldwide integration software market will exceed $18.0 It’s a clear signal that the future of technology lies in the convergence of data, AI, and cloud services, a nexus that is rapidly becoming the backbone of digital transformation strategies across industries,” he added. 1,” IBM said.

Software 105

Software Digital Transformation Contextual Data Insurance 105

Occam's Razor

MARCH 30, 2017

It’s implications are far and wide, even in the narrow scope that I live in (marketing, analytics, influence). Machine Learning | Marketing. My personal strategy: Understand reality. Machine Learning | Marketing. You are seeing many applications of Machine Learning being applied to Marketing. Rinse and repeat.

Marketing Analytics 166

Marketing Analytics Marketing Analytics Deep Learning 166

Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. The financial analytics market is projected to be worth $114 billion within the next two years. Get the Right Insurance in Place. We previously talked about ways that data analytics is changing the insurance sector.

Data Analytics 123

Data Analytics Insurance Analytics Cost-Benefit 123

CIO Business Intelligence

JANUARY 29, 2024

Wenhold has instituted a number of strategies to empower Power’s creator culture. Gray Nestor, EVP and CIO, Brown & Brown Insurance Brown & Brown Insurance “You have to be willing to give people feedback and examples on a regular basis to drive a different result,” Nestor says.

IT 128

IT Insurance Digital Transformation Technology 128

Andrew White

JUNE 13, 2021

Your data strategy will be out of date as a result. Yes, the EU has its market-limiting Data Strategy that conflates goals of funding an EU-limited cloud to compete with American hyper scalers (see Methods for Valuing Data ). To readers of this blog and for many of our clients the value of data is a hot, but not new, topic.

Data Strategy 52

Data Strategy Strategy Marketing Risk 52

CIO Business Intelligence

JUNE 22, 2023

Consulting In the consulting industry, technology has become an important tool for making decisions, designing solutions, improving processes, and providing insights on optimizing business strategy. And as more insurance companies develop client-facing apps and services, there’s a need for UX/UI designers, developers, and engineers.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

CIO Business Intelligence

MAY 17, 2024

Following is a look at some of the biggest trends in the IT talent market, from hiring practices to salary outlooks to emerging skills — and how they are impacting IT leaders’ talent strategies and IT pros’ career aspirations. A minimum of three years progressive AI experience? That skill set doesn’t exist.

IT 59

IT Insurance Reporting Manufacturing 59

CIO Business Intelligence

FEBRUARY 13, 2023

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This should secure our business strategy for the next five years and longer.”

IT 145

IT Insurance Machine Learning Marketing 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. Change is necessary to stay competitive and lead in your markets. The same can be said about IT.

IT 98

IT Insurance Cost-Benefit Strategy 98

Smart Data Collective

SEPTEMBER 29, 2022

One study by Think With Google shows that marketing leaders are 130% as likely to have a documented data strategy. Data strategies are becoming more dependent on new technology that is arising. Driver’s license verification for insurance purposes. Let’s say your company is an insurance company.

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

CIO Business Intelligence

AUGUST 19, 2022

The traditional in-person process of insurance agents meeting with prospective customers to discuss policies, sign paperwork, and load it into the company’s client/server system came to a complete halt. Because we are an insurance company, what we are is a promise on a piece of paper,” says then-CIO Richard Gilbert. “We

Insurance 98

Insurance Digital Transformation Data Processing Machine Learning 98

Cloudera

MAY 4, 2022

When a company embraces an AI-first strategy , it makes a conscious decision to transform itself today and set itself up for ongoing innovation and adaptation in the future. . Among the benefits of AI-first strategies are: Operational efficiency. Benefits aplenty. AI also enables 24-hour operations with minimum downtime. .

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

Domino Data Lab

JANUARY 24, 2019

Before we get too far into 2019, I wanted to take a brief moment to reflect on some of the changes we’ve seen in the market. In 2018 we saw the “data science platform” market rapidly crystallize into three distinct product segments. Reflections. The three segments that have crystallized are: Automation tools. Automation Tools.

Data Science 65

Data Science Marketing Data-driven Statistics 65

IBM Big Data Hub

NOVEMBER 20, 2023

The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ With the rise of generative AI comes an influx of data.

Digital Transformation 94

Digital Transformation Insurance Enterprise Data-driven 94

CIO Business Intelligence

JUNE 16, 2022

Retail brands can use the new capability, which is now available in beta, to link first-party commerce data to Adobe Real-Time CDP and other applications within the Adobe Experience Cloud suite, said Ryan Fleiss, director of product marketing for the company’s CDP.

B2B 104

B2B Insurance Sales Marketing 104

CIO Business Intelligence

OCTOBER 30, 2023

“I really do think about the two roles differently,” says Wiedenbeck, senior vice president and chief technology and transformation officer (CTTO) for the financial services and insurance company. “I If the nature of the transformation is more about expanding the addressable market, maybe it’s someone else entirely.”

Digital Transformation 141

Digital Transformation Strategy Technology Enterprise 141

CIO Business Intelligence

APRIL 20, 2023

Food and water insecurity will increase, and energy systems, housing stock, insurance, and currency markets will all become more volatile—a worrying set of scenarios for business leaders and boards. And if the world’s temperatures rise by or above 1.5 Climate urgency also impacts CIOs themselves in their employment decisions, too. “I

Consulting 105

Consulting Cost-Benefit Insurance Finance 105