Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? For the vendors that participate in the Bake-Off and Show Floor Showdowns, it is in equal measure fun and extremely stressful. The results showing the impact of flooding, predictions for the future and reasons for optimism were fascinating.

Optimization 52

Optimization Machine Learning Insurance Risk 52

datapine

OCTOBER 11, 2023

A Warehouse KPI is a measurement that helps warehousing managers to track the performance of their inventory management, order fulfillment, picking and packing, transportation, and overall operations. It allows for informed decision-making and efficient risk mitigation. Let’s dive in with the definition. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

OCTOBER 30, 2023

Real-world Business Solutions The real value of any technology is measured by its impact on real-world problems. The retailer uses these insights to optimize inventory levels, reduce costs and enhance efficiency. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 86

Insurance Data Warehouse Data-driven Unstructured Data 86

AWS Big Data

FEBRUARY 1, 2024

Trade quality and optimization – In order to monitor and optimize trade quality, you need to continually evaluate market characteristics such as volume, direction, market depth, fill rate, and other benchmarks related to the completion of trades. The query to generate this chart has similar performance metrics as the preceding chart.

Data Warehouse 119

Data Warehouse Dashboards Risk Management Risk 119

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Smart Data Collective

JULY 11, 2022

Data analytics technology is very helpful for companies trying to optimize their social media marketing strategy. Many marketing automation tools like Hootsuite have sophisticated analytics tools to help marketers measures engagement with their social media content. You can easily lose money if your ad campaigns are not well optimized.

Data Analytics 132

Data Analytics Analytics Advertising Big Data 132

Alation

SEPTEMBER 7, 2021

In this blog we will discuss how Alation helps minimize risk with active data governance. Governance influences how an organization’s objectives are set and achieved, how risk is monitored and addressed, and how performance is optimized. Organizations that run afoul of such laws risk damaging their reputation.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

FineReport

APRIL 9, 2024

Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization. The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

MAY 9, 2022

Whether it is individuals or businesses, financial institutions or investors, regulators or insurers, everyone in the ‘economic community’ is aware making ethical decisions is no longer just ‘wokeness’—it makes good business sense too. The pandemic has only further strengthened this realization. Moving towards a stakeholder approach.

Insurance 97

Insurance Risk Risk Management Enterprise 97

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. in concert with Microsoft’s AI-optimized Azure platform.

Risk 141

Risk Manufacturing Enterprise Technology 141

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 64

Data Strategy Strategy Enterprise Insurance 64

Jet Global

DECEMBER 9, 2020

It’s ironic that many of those same businesses fail to devote the necessary time and energy to optimizing working capital. Insurance and excise taxes may reduce as inventory levels decline. You must often mark down or liquidate obsolete items, and the more inventory you have, the higher the risk of that happening.

Reporting 81

Reporting Finance Sales Measurement 81

CIO Business Intelligence

DECEMBER 5, 2023

Revisit the project portfolio Strong demand management is essential for sustainable IT cost optimization, says Anja Allen, principal in EY Americas’ technology consulting practice. Ensuring all IT spend is directly tied to business demand acts as an automatic cost optimizer.

IT 138

IT Cost-Benefit Digital Transformation ROI 138

Smart Data Collective

SEPTEMBER 28, 2022

You can then optimize product placement on the shelves or product placement in advertisements based on customer preference. This reduces the risk that inaccurate information will be used in your organization’s decision-making, which could result in poor business outcomes. Information management mitigates the risk of errors.

Big Data 104

Big Data Management Data Quality Cost-Benefit 104

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

datapine

MAY 31, 2022

This increases the risks that can arise during the implementation or management process. The risks of cloud computing have become a reality for every organization, be it small or large. That’s why it is important to implement a secure BI cloud tool that can leverage proper security measures. Cost management and containment.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

APRIL 18, 2024

Beyond cost savings, organizations seek tangible ways to measure gen AI’s return on investment (ROI), focusing on factors like revenue generation, cost savings, efficiency gains and accuracy improvements, depending on the use case. Audio (56%) : Gen AI call centers with realistic audio assist customers and employees.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

BizAcuity

JULY 26, 2021

On top of that, the On-prem cloud gives the flexibility to scale up the data load automatically as per changing demand requirements, thereby optimizing performance and efficiency without personal intervention. . Improved security and risk management. Increased agility and innovation. Business continuity. Cons of moving to Hybrid cloud.

IT 52

IT Cost-Benefit Data Processing Risk 52

CIO Business Intelligence

OCTOBER 9, 2023

When Renganathan was spearheading digital at his previous company, Farmers Group Insurance, IT wanted to bring operational excellence to its customer contact management system. That’s a pitfall, and it is critical to always have a very comprehensive risk assessment practice in place,” Renganathan says. “We He learned that the hard way.

Strategy 137

Strategy Technology Experimentation Testing 137

Alation

MARCH 17, 2022

Indeed, every organization that collects and manages data must ensure responsible data usage and appropriate cybersecurity measures are in place. Otherwise, they run the risk of illegal usage from within or a malicious breach from without. With this shift, opportunities to leverage data more powerfully increase, but so do the risks.

Reporting 52

Reporting Risk Insurance Data Processing 52

Cloudera

SEPTEMBER 7, 2023

With AI, financial institutions and insurance companies now have the ability to automate or augment complex decision-making processes, deliver highly personalized client experiences, create individualized customer education materials, and match the appropriate financial and investment products to each customer’s needs.

Insurance 78

Insurance Risk Data-driven Finance 78

Smart Data Collective

NOVEMBER 12, 2021

Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. Instead, your area of expertise could be selling books, providing insurance, or creating jewelry. There won’t be a need to find and hire staff with the know-how.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. You have to get that understanding first.”

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

CIO Business Intelligence

MARCH 13, 2024

Respondents said AI was already showing value when it comes to writing and optimizing code, analyzing security, helping them learn new skills, identify bugs, write tests, create documentation, and more. Still, he urges companies to look beyond measurements of coding speed. What if writing code wasn’t the real issue?”

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. Nationwide Insurance achieved a 40% reduction in system outages and estimates a $4.3

IT 105

IT Cost-Benefit ROI Risk 105

CIO Business Intelligence

SEPTEMBER 12, 2022

One instance of how that exploration led to real business benefits was with the application of machine learning to predict optimal product formulation using a set of desired consumer benefits. The team was given time to gather and clean data and experiment with machine learning models,’’ Crowe says.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

OCTOBER 13, 2022

One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). For organizations to work optimally, “information technology must be aligned with business vision and mission,” says Shuvankar Pramanick, deputy CIO at Manipal Health Enterprises.

ROI 132

ROI IT Sales Consulting 132

bridgei2i

JUNE 30, 2020

And the customers are avoiding the risk of exposure. They need to figure out ways on how to balance their workforce with the right skills and also optimize cost. They can have a better understanding of user search intent companies along with optimization of the website, driving traffic and leads to their website.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 140

Cost-Benefit Metrics Insurance Measurement 140

datapine

OCTOBER 21, 2020

By utilizing key performance indicators in healthcare and healthcare data analytics, prevention is better than cure, and managing to draw a comprehensive picture of a patient will let insurance provide a tailored package. If you put on too many workers, you run the risk of having unnecessary labor costs add up.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

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

CIO Business Intelligence

JANUARY 8, 2024

“As we head into the new year, CIOs and other IT leaders will need to understand how innovation can disrupt the business from both an internal and external perspective and make decisions with measured risk taking and a strong focus on priority outcomes.”

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

Occam's Razor

OCTOBER 15, 2012

The cost of failure in the offline world is so high that even when the cost of failure is low (online), they don't want to take the smallest risk. For the insurance business I'm interested in knowing the % of purchases online and offline, and people who either researched online one, offline only or did not research at all.

Advertising 136

Advertising Marketing Strategy Insurance 136

DataRobot Blog

JULY 21, 2022

Outline clear metrics to measure success. Document assumptions and risks to develop a risk management strategy. For a credit risk model, the target could be defined as “fully repays loan” or “payments in first 2 years are current” or or “collateral is repossessed.”. Define project scope. Identify project stakeholders.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

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. These kinds of nuanced risk assessments require comprehensive solutions.

Insurance 52

Insurance Risk Modeling Risk Management 52

Decision Management Solutions

FEBRUARY 25, 2019

To keep processing costs low, many insurance carriers have a goal to increase the percentage of their claims that can be processed and decisioned with no human decision-making involved. Perhaps surprisingly, there remains a fair amount of human intervention involved in processing insurance claims. Focus on the decisions first.

Insurance 40

Insurance Management Machine Learning Modeling 40

IBM Big Data Hub

OCTOBER 12, 2023

To maximize the business outcomes that can come from using AI while also controlling costs and reducing inherent AI complexities, organizations need to combine AI-optimized data storage capabilities with a data governance program exclusively made for AI. But the implementation of AI is only one piece of the puzzle.

Cost-Benefit 83

Cost-Benefit Metadata Data Governance Modeling 83