Octopai

APRIL 18, 2022

Regulatory standards for the insurance industry are almost as old as the insurance industry itself. Insurance in the ancient world tended to revolve around merchants shipping cargo. Insurance for your personal valuables, your pets or your fantasy football players was a thing of the future. . Let’s see how.

Insurance 52

Insurance Risk Cost-Benefit Reporting 52

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling. Fraud Detection.

Insurance 52

Insurance Risk Deep Learning Data-driven 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

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? million people at risk of catastrophic, flooding.

Optimization 52

Optimization Insurance Machine Learning Risk 52

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? million people at risk of catastrophic, flooding.

Optimization 52

Optimization Machine Learning Insurance Risk 52

Decision Management Solutions

APRIL 15, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

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 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

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

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. End-to-end Data Lifecycle.

Risk 86

Risk Marketing Technology Management 86

CIO Business Intelligence

JANUARY 3, 2024

AI can help optimize processes in many different ways, for example: customers’ speech and text into different languages, dialects, or accents. They have created a joint solution that combines Amazon Connect with additional features from IBM Consulting to optimize and personalize customer communication.

B2B 115

B2B Insurance Consulting Cost-Benefit 115

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 56

Risk Modeling Enterprise Interactive 56

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 94

Insurance Measurement Data Lake Risk 94

Smart Data Collective

SEPTEMBER 15, 2019

One of the biggest ways that it is disrupting the industry is by creating new engagement strategies and optimizing relationships. Insure your business. If you want to become successful in the music industry, it’s essential that you insure your business. Big data is having a number of impacts on the industry.

Big Data 79

Big Data Optimization Insurance Predictive Analytics 79

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. The analysis helps them execute trades at the most optimal prices. AI in fintech is here to stay.

Marketing 110

Marketing Technology Insurance Machine Learning 110

IBM Big Data Hub

OCTOBER 30, 2023

IBM and AWS partnership focuses on delivering solutions in areas like: Supply chain optimization with AI-infused Planning Analytics IBM Planning Analytics on AWS offers a powerful platform for supply chain optimization, blending IBM’s analytics expertise with AWS’s cloud capabilities.

Insurance 83

Insurance Data Warehouse Data-driven Unstructured Data 83

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

IBM Big Data Hub

FEBRUARY 14, 2024

Process automation is often centered on efforts to optimize spend, achieve greater operational efficiency and incorporate new and innovative technologies, which often translate into a better customer experience. ML algorithms can predict patterns, improve accuracy, lower costs and reduce the risk of human error.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

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. The approach offered lower risks and allowed for comprehensive platform and application testing.

Data-driven 76

Data-driven Analytics Insurance Digital Transformation 76

Smart Data Collective

MARCH 29, 2023

From autonomous vehicles to predictive maintenance and optimized production processes, AI is revolutionizing every aspect of the automotive industry. AI can even be used for insurance programs that monitor driver behavior to calculate risks and costs. Time will tell how significant the impact will be.

Manufacturing 96

Manufacturing Cost-Benefit Machine Learning Optimization 96

Cloudera

AUGUST 12, 2021

However, the important role data occupies extends beyond customer experience and revenue, as it becomes increasingly central in optimizing internal processes for the long-term growth of an organization. Risk Management. One of the more obvious use cases of data’s role in reducing risk is insurance policies. Conclusion.

Data-driven 107

Data-driven Manufacturing Insurance Risk Management 107

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

CIO Business Intelligence

SEPTEMBER 13, 2022

Salem Five ended up banking on Infinidat for its storage because InfiniBox is an extremely reliable platform that self-optimizes performance. Insurance companies also see Infinidat as a storage vendor of choice. Clientèle Life Insurance reduced risk by choosing Infinidat as its storage solution provider.

Enterprise 81

Enterprise Insurance Cost-Benefit ROI 81

CIO Business Intelligence

MAY 11, 2022

Chief Risk Officer (CRO) – Complying with regulatory guidelines may be challenging during times of disruption, especially in heavily regulated industries. Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Director, Risk Assessment. Dugan Krwawicz. Hirun Tantirigama.

Management 92

Management Testing Insurance Finance 92

Smart Data Collective

MAY 31, 2019

Whether it is identity authentication, increasing the speed of cross-border payments , supply chain optimization or transportation logistics, blockchain technology has been providing solutions to a variety of industries. move within the insurance and banking chain through documents and forms. in productivity gain. Unlike the U.S.,

Insurance 74

Insurance Risk Marketing Technology 74

CIO Business Intelligence

FEBRUARY 13, 2023

We run factories and help companies run them and optimize them” and AI is used to optimize everything from getting more throughput to better quality to preventative maintenance, productivity, and cost optimization, Nardecchia says. 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

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

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

CIO Business Intelligence

OCTOBER 17, 2022

It’s designed to strengthen the security of EU financial firms, such as banks, insurance companies, investment firms and more, by imposing resilience requirements and regulating the supply chain. In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors. Meeting the Challenges.

Risk Management 102

Risk Management Risk Enterprise Testing 102

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. Without them an organisations’ AI exploits carry significant risk, particularly due to the triple-threats of data bias, mis-labelling, and poor selection.

Data Governance 145

Data Governance IT Risk Data Lake 145

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. Generative AI, IT Leadership, IT Strategy

Risk 138

Risk Manufacturing Enterprise Technology 138

CIO Business Intelligence

NOVEMBER 8, 2023

Rising software costs create headaches Another example is Ameritas Life Insurance, which has operations in the US, but the current 3.7% If it doesn’t, he considers whether he can save money by adjusting the risk profile for the service, and examines usage patterns for potential savings. And you have to partner with your vendors.”

IT 128

IT Cost-Benefit Digital Transformation Software 128

Smart Data Collective

JUNE 30, 2022

More companies are using data analytics to optimize their business models in creative ways. Some of the ways that data analytics can help companies improve their logistics include: Optimizing transportation routes Improving shipment schedules Reducing errors with delivery and pickup. Optimized inventory management.

Analytics 111

Analytics Cost-Benefit Analytics Technologies Big Data 111

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

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. The next part of our cloud computing risks list involves costs. These tools also help optimize the cloud for cost, governance, and security.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

Smart Data Collective

JULY 11, 2022

Data analytics technology is very helpful for companies trying to optimize their social media marketing strategy. They can use the data from these platforms to optimize their strategies accordingly. You can easily lose money if your ad campaigns are not well optimized. Search Engine Optimization.

Data Analytics 132

Data Analytics Analytics Advertising Big Data 132

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