Juice Analytics

JUNE 2, 2022

It also wants to convince existing customers that they made the right decision in choosing State Farm for their insurance. Twitter is encouraging activity by making their first reported measure ‘number of Tweets.’. Frameworks like the “North Star Metric” force a product organization to understand the key measures of customer value.

Broadcasting 129

Broadcasting Visualization Reporting Metrics 129

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. Begin with an agile analytic deployment platform, not with visualization. What’s stopping them from delivering high impact?

Insurance 40

Insurance Analytics Modeling Visualization 40

FineReport

APRIL 9, 2024

Furthermore, maintaining data security and compliance requires continuous vigilance and proactive measures to safeguard against potential vulnerabilities. The visual representation of data enables healthcare professionals to identify trends, patterns, and anomalies at a glance, facilitating rapid decision-making based on critical information.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Octopai

DECEMBER 11, 2022

Insurance companies misvalued or misreported on insurance contracts (which, to be fair, are notoriously hard to compare with precision). Automated data lineage enables you to visually trace the entire path of any data point from origin to destination. Data lineage and insurance data compliance. Enter: BCBS 239!

Insurance 52

Insurance Risk Metadata Reporting 52

AWS Big Data

JUNE 6, 2023

For example, medical researchers found that across 79,000 emergency department encounters of pediatric patients in a hospital, incorrect or missing patient weight measurements led to medication dosing errors in 34% of cases. They have to repeat these processes across thousands of datasets and the hundreds of data pipelines populating them.

Data Quality 94

Data Quality Statistics Data Lake Visualization 94

FineReport

JULY 21, 2021

Organizations of all sizes and stages can use BI software to analyze, manage, and visualize business data. Performance is measure by a set of KPIs. Based on business data, BI visualizes business problems through graphics and models. Insurance Dashboard(by FineReport). The Use of BI in the Enterprise. Track performance.

Business Intelligence 98

Business Intelligence Enterprise Dashboards Sales 98

Octopai

JULY 9, 2020

As a core principle of data management, all BI & Analytics teams engage with data lineage at some point to be able to visualize and understand how the data they process moves around throughout the various systems that make up their data environment. They then relayed that information to insurance companies.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86

CIO Business Intelligence

AUGUST 14, 2023

And when performed strategically in succession as Mahon has done at Werner, such quick wins can lead to much larger business transformation over time — with less big-bang disruption and change management thanks to measurable proof of enhancement along the way.

IT 88

IT Insurance Digital Transformation Broadcasting 88

Smart Data Collective

NOVEMBER 1, 2020

The clustering process can be divided into the following stages: Selecting objects for clustering; Determining the set of variables; Calculating the similarity measure values between objects; Grouping similar objects into clusters; Presenting results. As a visualization tool – PCA is great at showing a bird’s view of the process.

Machine Learning 130

Machine Learning Data mining Visualization Statistics 130

Smart Data Collective

JANUARY 26, 2022

Usually, the legal space lacked the data to measure appropriately and report its findings. Data visualization methods, such as graphs and charts, reveal trends and insights in an instant. Improved Insurance Claim Processing. That’s a great challenger for insurance agencies.

Data Analytics 69

Data Analytics Analytics Predictive Analytics Insurance 69

Jet Global

DECEMBER 9, 2020

When a cash crunch hits, the business managers who have optimized working capital will be better positioned to survive the crisis without resorting to costly financing, liquidating assets at the wrong time, or other desperate measures. Insurance and excise taxes may reduce as inventory levels decline.

Reporting 81

Reporting Finance Sales Measurement 81

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 82

Cost-Benefit Modeling Manufacturing Interactive 82

AWS Big Data

MARCH 7, 2023

It covers how to use a conceptual, logical architecture for some of the most popular gaming industry use cases like event analysis, in-game purchase recommendations, measuring player satisfaction, telemetry data analysis, and more. It enables you to create interactive dashboards, visualizations, and advanced analytics with ML insights.

Analytics 70

Analytics Data Warehouse Data Lake Metadata 70

datapine

AUGUST 20, 2019

Consumer data: Data transmitted by customers including, banking records, banking data, stock market transactions, employee benefits, insurance claims, etc. Here are the four parameters of Big data: Volume: Volume is the size of data, measured in GB, TB and Exabytes. Conventional methods fail to tackle such large volume data.

Big Data 100

Big Data B2B Cost-Benefit Structured Data 100

CIO Business Intelligence

JUNE 13, 2023

Instead of just two states, these can have almost an infinite number of values, or at least as much as the precision of the system can measure accurately. The chain of transactions held in the distributed ledger might track insurance payments, car purchases, or any number of assets.

IT 140

IT Scorecard Software Modeling 140

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 87

Insurance Data Architecture Risk Management Risk 87

Birst BI

OCTOBER 30, 2018

The output of these algorithms, when used in financial services, can be anything from a customer behavior score to a prediction of future trading trends, to flagging a fraudulent insurance claim. Once an accurate predictor of future behavior is identified, integrate the scoring measures directly into the data model.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

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. with the impossibility to communicate properly. 2) Electronic Health Records (EHRs). million in fraud in just a year.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Occam's Razor

OCTOBER 15, 2012

In this report you also get this lovely visual: It is a little complicated, but stick with me. Click on each to make your selections, like so where I'm choosing the car and home insurance categories … The click on the other element you are interested in and click your mouse a few times. You'll see four colored circles.

Advertising 136

Advertising Marketing Strategy Insurance 136

Occam's Razor

APRIL 25, 2011

I fundamentally believe that having a vibrant bi-directional conversation on a destination you control with policies you set and data you control is not just insurance, it is your duty to your customers. Doing anything on the web without a Web Analytics Measurement Model. Or at least have a plan to measure * something*.

Marketing 126

Marketing Measurement Metrics Testing 126

erwin

JUNE 27, 2019

Additional challenges, such as increasing regulatory pressures – from the General Data Protection Regulation (GDPR) to the Health Insurance Privacy and Portability Act (HIPPA) – and growing stores of unstructured data also underscore the increasing importance of a data modeling tool. There’s an expression: measure twice, cut once.

Measurement 81

Measurement Modeling Unstructured Data Metadata 81

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

datapine

MAY 31, 2022

Be it in the form of online BI tools , or an online data visualization system, a company must address where and how to store its data. That’s why it is important to implement a secure BI cloud tool that can leverage proper security measures. Cost management and containment. For the most part, modern computing can save businesses money.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

DataRobot Blog

JULY 21, 2022

If there is no forward-looking predictive component to the use case, it can probably be addressed with analytics and visualizations applied to historical data. Outline clear metrics to measure success. dashes and parentheses in telephone numbers) Inconsistent units of measure (e.g., Not every project needs machine learning.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

CIO Business Intelligence

AUGUST 15, 2023

In increasingly politicized times, easily performing RLAs can provide a measure of confidence to the interested voter that elections are being run properly.” Manufacturing team members can see the geolocation of any part, tool, equipment, or vehicle with a visual representation of its coordinate in 3D space.

IT 96

IT Manufacturing IoT Cost-Benefit 96

Octopai

APRIL 4, 2022

Complex Times Call for Complex Measures . Data is often analyzed or reported on in medical research papers, insurance claim reports or drug development updates. Just look at the visual map tracing the data point in question back through your systems to its source, along with all the transformations it underwent along the way.

Metadata 92

Metadata Reporting Visualization Insurance 92

AWS Big Data

JULY 25, 2023

Redshift Serverless measures data warehouse capacity in Redshift Processing Units (RPUs), and you can configure base RPUs anywhere between 8–512. This gives a visual representation of peaks and lows in your consumption over your chosen period of time. You can start with your preferred RPU capacity or defaults and adjust anytime later.

Metrics 79

Metrics Data Warehouse Dashboards Snapshot 79

IBM Big Data Hub

JUNE 15, 2023

Examples of non-fixed assets include office supplies, computers, audio-visual equipment and office furniture. Proactive issue resolution: In the Internet of Things (IoT) era, everything from a single valve to a thousand-mile pipeline can be connected to sensors that deliver real-time data on their condition and measure depreciation over time.

Management 69

Management Broadcasting Cost-Benefit IoT 69

IBM Big Data Hub

OCTOBER 12, 2023

They’re built on machine learning algorithms that create outputs based on an organization’s data or other third-party big data sources.

Cost-Benefit 80

Cost-Benefit Metadata Data Governance Modeling 80

Occam's Razor

JULY 15, 2014

Allow me to visualize the problem above, and leverage that visualization to present the solution. As you might have guessed, you are at the very right of the above visual, with most access to data, the ability to analyze it ( inshallah! ) Notice that both visuals are a continuum. The Solution: Text (Wisdom).

Dashboards 159

Dashboards Key Performance Indicator Snapshot Slice and Dice 159

Cloudera

NOVEMBER 25, 2020

And soon also sensor measures, and possibly video or audio data with the increased use of device technology and telemedicine in medical care. An integrated, out of the box visualization and dashboard service that is integrated across multiple compute options, to expedite cross-organization collaboration with a consistent visual language.

Data Warehouse 59

Data Warehouse Unstructured Data Analytics Visualization 59

Smarten

JULY 10, 2018

Use Case(s): Measure the impact of product price on product sales, measure the impact of temperature on crop yield an more. Input data: Last six months daily viewer count data, insurance claim manager can forecast policy sales for next month based on past 12 months data and more.

Analytics 40

Analytics Forecasting Statistics Sales 40

Domino Data Lab

JUNE 2, 2019

Her talk addressed career paths for people in data science going into specialized roles, such as data visualization engineers, algorithm engineers, and so on. The most poignant for me was a simple approach for measuring noise within an organization. Measure how these decisions vary across your population.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

Sisense

DECEMBER 11, 2019

The challenge is to do it right, and a crucial way to achieve it is with decisions based on data and analysis that drive measurable business results. He outlined how critical measurable results are to help VCs make major investment decisions — metrics such as revenue, net vs gross earnings, sales , costs and projections, and more.

Data Lake 80

Data Lake Big Data Sales Data-driven 80

bridgei2i

OCTOBER 20, 2021

This is in industries such as financial services and insurance, consumer packaged goods and the manufacturing industry as well. Slowly and gradually, the industry trend shifted to the online sensors where you don’t have to run around just for the measurement.

Manufacturing 98

Manufacturing Enterprise IoT Technology 98

Domino Data Lab

AUGUST 20, 2019

Another example is the use of body mass index (BMI) by medical providers and insurance companies. While it has limitations, BMI is quickly calculated from body weight and height and serves as a surrogate for a characteristic that is very hard to accurately measure: proportion of lean body mass. I don’t have a but here. fit_transform?

Testing 68

Testing Modeling Interactive Measurement 68

Domino Data Lab

FEBRUARY 4, 2019

The ability to measure results (risk-reducing evidence). I double-dare you not to visualize that cohort! When execs at the company got their grubby paws on our analysis, two senior VPs spent an entire day pouring through pages of data visualizations and analysis. So there are three unusual books suggested for your reading list.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66