Smart Data Collective

JUNE 3, 2021

The insurance industry is among those that has found new opportunities to take advantage of machine learning technology. Life insurance companies in particular are discovering the wondrous opportunities that AI provides, since this sector faces some unique challenges relative to other insurance offerings.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

Insurance 97

Insurance ROI Marketing Machine Learning 97

CIO Business Intelligence

OCTOBER 13, 2022

Knowing your risk level as you navigate a large venue can help you avoid crowds and stay safely within your bubble – all of which empowers you to enjoy the experience all the more. Live at Eurovision: a Bluetooth App to Navigate Covid Risk. A New Normal: Bubble-Up for Safety at Live Events with Flockey. So, how does it work?

Risk 91

Risk Broadcasting Measurement Recreation/Entertainment 91

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

Alation

JANUARY 9, 2023

Alation joined with Ortecha , a data management consultancy, to publish a white paper providing insights and guidance to stakeholders and decision-makers charged with implementing or modernising data risk management functions. The Increasing Focus On Data Risk Management. Download the complete white paper now.

Risk Management 52

Risk Management Risk Management Metadata 52

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

Jet Global

JUNE 5, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful.

Insurance 59

Insurance Metrics Reporting KPI 59

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

Digital Transformation 134

Digital Transformation Insurance Recreation/Entertainment Machine Learning 134

Cloudera

APRIL 20, 2022

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 96

Insurance Measurement Data Lake Risk 96

IBM Big Data Hub

JANUARY 15, 2024

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 72

Digital Transformation Insurance Optimization ROI 72

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

IBM Big Data Hub

APRIL 24, 2024

Mitigating privacy risks: The app limits data access to trusted employees who need it for their roles, and employees can access data only when they have a legitimate reason to. Knowing how data moves through the network helps track usage, detect suspicious activity, and put security measures in the right places.

Risk 69

Risk Measurement Data Governance Insurance 69

O'Reilly on Data

JANUARY 15, 2020

The biggest challenge for businesses, Jezierski says, is correctly identifying and defining goals, and deciding how to measure success. Should insurance policies be personalized in a webpage using reinforcement learning, and what are the attributes that should drive that? This honest, clarifying conversation is key, he says.

Insurance 278

Insurance Measurement Risk IT 278

Cloudera

NOVEMBER 16, 2022

Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. Some examples provided across the financial services and insurance sessions included: Related to the focus on business impacts were discussions on how to measure the value enabled by the data office. Change agents.

Insurance 78

Insurance Cost-Benefit Metrics Measurement 78

CIO Business Intelligence

JULY 13, 2022

Across the globe, cloud concentration risk is coming under greater scrutiny. The proposal would grant authority to classify a third party as “critical” to the financial stability and welfare of the UK financial system, and then provide governance in order to minimize the potential systemic risk. We all know the drill. .

Insurance 89

Insurance Risk Marketing Data Processing 89

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

Risk Management 78

Risk Management Risk Enterprise Business Services 78

Smart Data Collective

OCTOBER 31, 2022

As the Internet of Things becomes increasingly instrumental in the workplace, company and consumer data risk grow. HIPAA – The Health Insurance Portability and Accountability Act (enacted in 1996) is a series of regulations for the healthcare industry to ensure that patient data remains private and secure. Diversified Training.

Internet of Things 115

Internet of Things IoT Risk Measurement 115

Rita Sallam

JUNE 2, 2023

For the vendors that participate in the Bake-Off and Show Floor Showdowns, it is in equal measure fun and extremely stressful. Qlik Key Findings: In the US alone, there’s $367 billion in agricultural commodities at risk to flooding in the US alone. million people at risk of catastrophic, flooding. In 2000, the Netherlands had 8.5

Optimization 52

Optimization Insurance Machine Learning Risk 52

Cloudera

JUNE 22, 2022

Across the globe, cloud concentration risk is coming under greater scrutiny. The proposal would grant authority to classify a third party as “critical” to the financial stability and welfare of the UK financial system, and then provide governance in order to minimize the potential systemic risk. We all know the drill. .

Insurance 83

Insurance Risk Marketing Data Processing 83

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 107

Insurance Cost-Benefit Measurement Data Processing 107

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

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. AI incidents, in other words, don’t require an external attacker.

Risk 359

Risk Modeling Data Processing Software 359

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

IBM Big Data Hub

FEBRUARY 15, 2024

” Ocean acidification: Marine life is also at risk from ocean acidification, stemming from greenhouse gas emissions and the greater concentration of carbon dioxide in the atmosphere. Most of those at risk of climate change-linked hunger are in Sub-Saharan Africa, South Asia and Southeast Asia, according to the World Bank.

Insurance 64

Insurance Risk Strategy Risk Management 64

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Insurance . Data Variety. This will only become more important as we move into 2021 and a post-pandemic new normal.

Insurance 92

Insurance Digital Transformation Unstructured Data Machine Learning 92

Smart Data Collective

MARCH 7, 2021

There are a lot of ways companies are using new advances in machine learning and other data technologies to mitigate the risks of cyberattacks. Attackers target mostly small to medium companies because they don’t take enough preventive measures against cyberattacks. Cybersecurity Insurance. A data breach is never too light.

Big Data 125

Big Data Insurance Data Processing Software 125

Octopai

DECEMBER 11, 2022

Banks didn’t accurately assess their credit and operational risk and hold enough capital reserves, leading to the Great Recession of 2008-2009. Insurance companies misvalued or misreported on insurance contracts (which, to be fair, are notoriously hard to compare with precision). Data lineage and financial risk data compliance.

Insurance 52

Insurance Risk Metadata Reporting 52

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. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 83

Insurance Data Warehouse Data-driven Unstructured Data 83

Decision Management Solutions

NOVEMBER 13, 2018

80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. Insurance companies, like other companies, want their analytics investments to be strategic – to have a strategic impact.

Insurance 40

Insurance Analytics Modeling Visualization 40

CIO Business Intelligence

FEBRUARY 16, 2024

Security and data privacy The introduction of GenAI into enterprise workflows, and the related data needed to power it, amplifies the need for CIOs to implement robust security measures, develop incident response plans, and stay vigilant against evolving cyber threats to protect sensitive information and maintain business continuity.

Strategy 131

Strategy Insurance Digital Transformation Enterprise 131

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

Data Warehouse 121

Data Warehouse Dashboards Risk Management Risk 121

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. These five capabilities support both integrated view of strategic, operational and technology risk as well as the related business outcomes, processes and assets.

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

CIO Business Intelligence

MAY 4, 2023

Only a few realize that the time to prepare for the conundrum of post-quantum risk is now. Quantum’s risks One great risk related to quantum computing is the belief that its capabilities will remain out of reach for a long time, yet some pundits have been remarking for 30 years now that the quantum threat is 30 years away.

Insurance 56

Insurance Risk Software Measurement 56

CIO Business Intelligence

JANUARY 19, 2024

As well as these regional standards, industry-specific frameworks like the Health Insurance Portability and Accountability Act (HIPAA) and payment card industry (PCI) compliance standards exist. CISOs can smoothly ensure ethical data practices, enabling them to earn their desired cybersecurity certifications easily.

IT 111

IT Insurance Data Governance Measurement 111

CIO Business Intelligence

JUNE 26, 2023

To succeed in their role, project managers must be adept at coordinating resources, managing budgets, measuring and tracking project progress, and communicating with team members and stakeholders. They are accountable for the entire project scope , the project team and resources, the project budget, and the success or failure of the project.

Management 102

Management Risk Insurance Business Objectives 102

Smart Data Collective

JULY 9, 2023

Industries like automotive, healthcare, education, insurance, real estate, and hospitality can directly benefit from cloud computing solutions. Due to the security risks associated with cloud businesses, a VPN can be very helpful. Cloud based companies are going to have to do everything possible to mitigate the risk of data breaches.

Cost-Benefit 73

Cost-Benefit Risk Measurement Software 73

Octopai

JULY 9, 2020

It required banks to develop a data architecture that could support risk-management tools. Not only did the banks need to implement these risk-measurement systems (which depend on metrics arriving from distinct data dictionary tools), they also needed to produce reports documenting their use.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86