Alation

OCTOBER 4, 2022

The foundation of insurance is data and analytics. Actuaries and their mathematical models enable insurers to calculate risk to determine premiums. Today, the rise of digital insurance companies and the changing risk landscape together drive the industry’s digital transformation. Why is it Important?

Insurance 52

Insurance Data Governance Risk Strategy 52

CIO Business Intelligence

NOVEMBER 2, 2023

Yet, controlling cloud costs remains the top challenge IT leaders face in making the most of their cloud strategies, with about one third — 35% — of respondents citing these expenses as the No. It depends on what business model you’re in. 1 barrier to moving forward in the cloud.

Strategy 121

Strategy Data Processing Experimentation Optimization 121

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Now, if the model is drifting away, we get alerted automatically, and we fix it.” In the past, anybody could make a mistake easily.

IT 87

IT Cost-Benefit Insurance Unstructured Data 87

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

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

Digital Transformation 134

Digital Transformation Insurance Recreation/Entertainment Machine Learning 134

Smart Data Collective

MAY 8, 2022

How can fleet management companies make use of big data to improve their customer service strategies? Data Analytics Transforms the Fleet Management Industry’s Customer Service Model. Automation is one of the biggest advantages of integrating data analytics into your fleet management company’s business model.

Optimization 102

Optimization Data Analytics Management Analytics 102

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 65

Data Strategy Strategy Enterprise Insurance 65

Rita Sallam

JUNE 2, 2023

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events? Here is the link to Qlik’s BI Bake-Off video.

Optimization 52

Optimization Insurance Machine Learning Risk 52

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

Cloudera

MAY 6, 2021

In this article, I will be focusing on the contribution that a multi-cloud strategy has towards these value drivers, and address a question that I regularly get from clients: Is there a quantifiable benefit to a multi-cloud deployment? Infrastructure Cost Optimization. Infrastructure Optimization . Germany (Primary Market) .

Strategy 91

Strategy Cost-Benefit Optimization Risk 91

Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events? Here is the link to Qlik’s BI Bake-Off video.

Optimization 52

Optimization Machine Learning Insurance Risk 52

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

CIO Business Intelligence

APRIL 24, 2024

But to find ways it can help grow a company’s bottom line, CIOs have to do more to understand a company’s business model and identify opportunities where gen AI can change the playing field. We’re mostly still optimizing our sales and marketing processes with CRM tools,” he says. And hyper-personalization at scale.”

Sales 118

Sales Finance Experimentation Cost-Benefit 118

CIO Business Intelligence

JANUARY 29, 2024

The evolving role of IT, coupled with new pandemic-era work models, has sifted the culture conversation away from in-office trappings. Wenhold has instituted a number of strategies to empower Power’s creator culture. To be clear, everyone still fancies a high-end perk.

IT 117

IT Insurance Digital Transformation Technology 117

Smart Data Collective

AUGUST 29, 2022

They need a more comprehensive analytics strategy to achieve these business goals. Today, there are many advanced ML approaches that you can use to enhance your analytics and gain valuable insights on how to optimize business processes, improve decision-making, build the right customer relationships, and leverage your market proposition.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114

Smart Data Collective

MAY 10, 2022

If the AI model detects any, it can flag them for further investigation or automatically halt them. You can train a machine learning model for fraud detection by feeding it with many transactions and assigning them to “fraud” or “non-fraud” categories. Developers also use AI to backtest their trading strategies.

Marketing 109

Marketing Technology Insurance Machine Learning 109

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 120

Enterprise Modeling Testing Data-driven 120

IBM Big Data Hub

MARCH 28, 2024

A private cloud is a single-tenant cloud computing model in which all of the hardware and software resources are dedicated exclusively to—and accessible only by—a single organization. A multicloud setting helps clients avoid vendor lock-in and allows them to run the most optimal computing environment for each workload.

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

Jet Global

APRIL 5, 2021

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. That being said, one model can’t do it all. What Is Financial Modeling?

Modeling 98

Modeling Forecasting Metrics Finance 98

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. The company is embedding AI into each level of the tech stack it sells to customers, he says. “We

IT 145

IT Insurance Machine Learning Marketing 145

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 I don’t think of it as an extension of the CIO job, but rather as a separate role to ensure we achieve transformation.

Digital Transformation 134

Digital Transformation Strategy Technology Enterprise 134

Cloudera

JUNE 13, 2023

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. In 2021, ANZ Bank unveiled its strategy to drive digital transformation, increase their speed to market and become more agile.

Data-driven 77

Data-driven Analytics Insurance Big Data 77

O'Reilly on Data

SEPTEMBER 19, 2023

Stage 2: Machine learning models Hadoop could kind of do ML, thanks to third-party tools. While data scientists were no longer handling Hadoop-sized workloads, they were trying to build predictive models on a different kind of “large” dataset: so-called “unstructured data.” And it was good. Context, for one.

Machine Learning 243

Machine Learning Testing Modeling Cost-Benefit 243

CIO Business Intelligence

AUGUST 1, 2023

The impact of generative AIs, including ChatGPT and other large language models (LLMs), will be a significant transformation driver heading into 2024. Define a game-changing LLM strategy At a recent Coffee with Digital Trailblazers I hosted, we discussed how generative AI and LLMs will impact every industry.

Digital Transformation 96

Digital Transformation Unstructured Data Strategy Experimentation 96

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 119

Digital Transformation Strategy Technology Enterprise 119

datapine

OCTOBER 21, 2020

Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and look for the best strategies to use these numbers. Now that we live longer, treatment models have changed and many of these changes are namely driven by data. and could provide a model for the EU to follow.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

JUNE 30, 2022

Smart companies realize that analytics technology needs to be at the core of their business models. Analytics Technology Helps Companies Bolster their Logistics Strategies. More companies are using data analytics to optimize their business models in creative ways. This is particularly true with logistics processes.

Analytics 110

Analytics Cost-Benefit Analytics Technologies Big Data 110

CIO Business Intelligence

MARCH 26, 2024

In addition to AI and machine learning, data science, cybersecurity, and other hard-to-find skills , IT leaders are also looking for outside help to accelerate the adoption of DevOps or product-/program-based operating models. But finding the niche, high-demand skills needed to drive specific projects can be challenging.

Recreation/Entertainment 113

Recreation/Entertainment Consulting Metrics Enterprise 113

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

IBM Big Data Hub

JUNE 22, 2023

Labor arbitrage, or outsourcing labor to the lowest-cost workforce, has been the central strategy associated with business process outsourcing (BPO) for years. Generali also became one of the first insurance companies to use AI to tackle the complex task of escheatment, or returning unclaimed assets and property.

Consulting 79

Consulting Insurance Finance Uncertainty 79

Rocket-Powered Data Science

FEBRUARY 12, 2021

IA incorporates feedback, learning, improvement, and optimization in the automation loop. The AAI report covers these industries: energy/utilities, financial/insurance, government, healthcare, industrial/manufacturing, life sciences, retail/consumer, services/consulting, technology, telecom, and transportation/airlines.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

DataRobot Blog

JULY 21, 2022

Document assumptions and risks to develop a risk management strategy. Machine learning models created in silos are rarely implemented. The infrastructure team may want models deployed on a major cloud platform (such as Amazon Web Services, Google Cloud Platform, and Microsoft Azure), in your on-premises data center, or both.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

Cloudera

JANUARY 5, 2023

Faced with even more pressure to remain resilient and agile amid looming global economic threats, Asia-Pacific (APAC) region businesses are looking to further mobilize emerging technologies such as artificial intelligence (AI) and machine learning that will optimize operational efficiencies and cost savings. .

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

AWS Big Data

AUGUST 14, 2023

Taken together, the posts in this series lay out some possible operating models for data mesh within an organization. In the same way, organizations seeking to implement successful data mesh strategies must respect the nature and structure (legal, political, commercial, technology) of their organizations in their implementation.

Management 81

Management Risk Measurement Optimization 81

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. When a user sends a message, the system uses NLP to parse and understand the input, often by using DL models to grasp the nuances and intent. This data can be used to better understand customer preferences and tailor marketing strategies accordingly.

Enterprise 97

Enterprise Interactive Data-driven Key Performance Indicator 97

datapine

MAY 31, 2022

More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. Governance/Control.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237