Smart Data Collective

SEPTEMBER 28, 2022

For example, if you want to know what products customers prefer when shopping at your store, you can use big data analytics software to track customer purchases. You can then optimize product placement on the shelves or product placement in advertisements based on customer preference. Conclusion.

Big Data 106

Big Data Management Data Quality Cost-Benefit 106

Cloudera

SEPTEMBER 7, 2023

But these measures alone may not be sufficient to protect proprietary information. 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.” Push predictive analytics to optimize operations and enhance profitability.

Insurance 80

Insurance Risk Data-driven Finance 80

Smart Data Collective

NOVEMBER 12, 2021

Companies have found that data analytics and machine learning can help them in numerous ways. Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. There won’t be a need to find and hire staff with the know-how.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

bridgei2i

JULY 8, 2020

And if you’re a banker or an insurer, you’re probably busy figuring out how to measure these risks, mobilize these resources, and fund capital that’s going to provide strong growth. I love your optimism Ganesh, and I love the fact that you are able to abstract information in such clear buckets.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

IBM Big Data Hub

FEBRUARY 2, 2023

They provide the backbone for a range of use cases such as business intelligence (BI) reporting, dashboarding, and machine-learning (ML)-based predictive analytics, that enable faster decision making and insights. In today’s world, data warehouses are a critical component of any organization’s technology ecosystem.

Data Warehouse 57

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 57

Ontotext

SEPTEMBER 2, 2020

Institutional memory loss creates significant and measurable inefficiencies. These organizations reached the limit of optimization relying on keywords long before anyone else. By maintaining a referential knowledge bases, health insurance agencies have been able to automatically discover inconsistencies within insurance claims.

Insurance 72

Insurance Metadata Publishing Unstructured Data 72

Cloudera

JUNE 23, 2021

Climate change is a challenge for insurers in some obvious ways, such as stronger and more frequent natural disasters. Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. Climate change is similar in the way it will also impact the insurer’s investment portfolio practices.

Insurance 52

Insurance Risk Modeling Risk Management 52

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. See Roadmap for Data Literacy and Data-Driven Business Transformation: A Gartner Trend Insight Report and also The Future of Data and Analytics: Reengineering the Decision, 2025. Great idea.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52