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. Manage Risk Better , and 3.

Insurance 75

Insurance Technology Predictive Analytics Risk 75

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

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 66

Data Strategy Strategy Enterprise Insurance 66

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 75

Digital Transformation Insurance Optimization ROI 75

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 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

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

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

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 58

Risk Modeling Enterprise Interactive 58

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 113

Marketing Technology Insurance Machine Learning 113

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. However, you will have a hard time getting by without a sound big data strategy in 2019. Insure your business. Big data is having a number of impacts on the industry. 4) Get industry knowledge.

Big Data 79

Big Data Optimization Insurance Predictive Analytics 79

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 79

Data-driven Analytics Insurance Digital Transformation 79

Smart Data Collective

JULY 11, 2022

As digital business strategies continue to evolve, the Chief Marketing Officer (CMO) must adapt their skills and knowledge to not only keep up, but get ahead. This is going to entail learning more about the benefits of data analytics and how they can be integrated into their overall marketing strategy. Social Media Marketing.

Data Analytics 134

Data Analytics Analytics Advertising Big Data 134

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. It allows for informed decision-making and efficient risk mitigation. Informed decision-making: The biggest benefit of using KPIs and metrics in your warehousing strategies is informed decision-making.

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

MAY 11, 2022

Asking the right questions to understand the business’ strategy and implementing architecture that supports the technology of the future is fundamental. Understanding business requirements, from technology recovery requirements to data loss tolerance, enables a dynamic technology strategy that morphs with the changing needs of the business.

Management 98

Management Testing Insurance Finance 98

CIO Business Intelligence

NOVEMBER 8, 2023

Danielle Phaneuf, partner, Cloud & Digital Strategy at PwC, says that inflation will probably be the leading threat to business for at least the next six months — an assertion 40% of CEOs agreed with in PwC’s 2023 CEO Survey. You need to make well informed, thoughtful, and purposeful decisions that balance cost, risk, and value,” he says.

IT 133

IT Cost-Benefit Digital Transformation Software 133

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. This should secure our business strategy for the next five years and longer.”

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

Invest in data hygiene and collection strategies to keep your engine running smoothly. 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. Garbage in, garbage out.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

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 120

Data Warehouse Dashboards Risk Management Risk 120

Smart Data Collective

JUNE 30, 2022

Analytics Technology Helps Companies Bolster their Logistics Strategies. More companies are using data analytics to optimize their business models in creative ways. We’ve narrowed down the key strategies modern companies are using to enhance logistical management with data analytics technology. Vertical integration.

Analytics 113

Analytics Cost-Benefit Analytics Technologies Big Data 113

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 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

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

CIO Business Intelligence

OCTOBER 9, 2023

Tech leaders must focus on a business-aligned tech strategy to deliver on the competing mandates, Guarini says. “A A business-aligned technology strategy is built on architecture and agility, the ‘what’ and the ‘how’ of better alignment,’’ he explains. Performance improves when the culture of collaboration is strong.”

Strategy 137

Strategy Technology Experimentation Testing 137

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 105

Risk Management Risk Enterprise Testing 105

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

JUNE 7, 2022

billion in cost savings for the insurance industry as well during the same period. . For banks, brokerages, insurance companies, fintech firms, and other financial services organizations, NLP is increasingly being seen as a solution to too much data and too few employees. The same study estimated that chatbots would lead to $1.3

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

CIO Business Intelligence

APRIL 19, 2022

Simply collecting data isn’t enough – it needs to be collated, stored and analysed effectively and efficiently so that the trends and intelligence it holds can be trusted to formulate strategy. Instead of opting for risking a ‘possible’ gain by investing in change and the value of data. Thrivers v. Achieving data traction.

Digital Transformation 78

Digital Transformation Data mining Strategy Insurance 78

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

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. 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. Cost management and containment.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

APRIL 6, 2022

The risks of a breach are greater as well, from interrupted operations to stiff financial penalties for failing to adhere to industry regulations such as General Data Protection Regulation (GDPR). While on the back end, AIOps can facilitate insurance processes, protect patient information, and minimize fraud.

Data mining 72

Data mining Deep Learning Insurance Digital Transformation 72

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

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

IBM Big Data Hub

APRIL 18, 2024

Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. ” AGI analyzes relevant code, generates a draft function with comments explaining its logic and allows the programmer to review, optimize and integrate it.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

IBM Big Data Hub

JANUARY 18, 2024

You can optimize processes that previously relied on human interaction, benefiting your staff by improving their user experiences with customers and reducing employee turnover. Insurance Your customers seek real-time, personalized and accurate responses whether they’re requesting quotes , filing an insurance claim or making payments.

Cost-Benefit 96

Cost-Benefit Interactive Sales Insurance 96

CIO Business Intelligence

MARCH 22, 2022

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. He brings expertise in developing IT strategy, digital transformation, AI engineering, process optimization and operations.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

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. Over overlooked advantage of big data is that it can help improve outsourcing strategies. Outsourcing is becoming a lot more important than ever.

Data-driven 106

Data-driven Cost-Benefit Data mining Big Data 106

CIO Business Intelligence

SEPTEMBER 11, 2023

In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. Digital-first and data/AI are the two key pillars of TIAA’s business strategy and a core part of its broad tech transformation. At his company, anyway. He initiated the creation of a comprehensive operating model.

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135