IBM Big Data Hub

FEBRUARY 14, 2024

AIOps is one of the fastest ways to boost ROI from digital transformation investments. 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.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. There is an art and a science behind each investment decision.

Digital Transformation 132

Digital Transformation ROI Strategy Technology 132

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. billion, and for insurance, the savings will approach $1.3 But most of these tools fall far short of organization’s goals for the technology.

Data Processing 85

Data Processing Deep Learning Insurance Cost-Benefit 85

Domino Data Lab

MARCH 11, 2021

Machine learning is used in almost every industry, notably finance , insurance , healthcare , and marketing. Parameter Optimization. H2O is widely used in risk and fraud trend analysis, insurance customer analysis, patient analysis in healthcare, advertising costs and ROI, and customer intelligence.

Machine Learning 143

Machine Learning Deep Learning Insurance Modeling 143

Smart Data Collective

AUGUST 3, 2023

Data management tools Fleet maintenance is crucial for ensuring the health and ROI of your fleet. Blockchain helps optimize gasoline management and combat fraud by providing a transparent, unchangeable fuel transfer trail. Today, most insurance industry blockchain applications focus on streamlining internal processes.

Technology 85

Technology Management Cost-Benefit Manufacturing 85

CIO Business Intelligence

MAY 11, 2022

Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Organizations may acquire insurance to protect the tangible assets (e.g., Designing resilient technology solutions enables compliance with regulatory requirements while also mitigating secondary fallout.

Management 85

Management Testing Insurance Finance 85

CIO Business Intelligence

APRIL 19, 2022

Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes. “Years of working with disconnected systems led to disconnected teams and disconnected processes. Searching for innovation DNA.

Digital Transformation 102

Digital Transformation Insurance ROI Business Objectives 102

Smart Data Collective

JULY 26, 2023

Companies using big data reportedly have 115% higher ROIs. A precise inventory view avoids stockouts, prevents overstocking, and optimizes supply chain operations. They’ll help you to understand sales trends, forecast future stock needs, and optimize the supply chain. You are going to need the right infrastructure in place.

Data-driven 74

Data-driven Management Sales Big Data 74

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. A key trend is the adoption of multiple models in production.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

datapine

OCTOBER 11, 2023

Being able to inform your strategies with actual facts instead of intuition will enable you to optimize your resources and ensure you are continuously improving. In time, this will help you increase customer satisfaction and skyrocket warehouse ROI. A good practice is to also calculate this metric for specific products.

Metrics 217

Metrics KPI Management Cost-Benefit 217

John Wheeler

OCTOBER 21, 2019

This new state of techquilibrium demands an understanding of both the quantitative and qualitative elements of digital risk to support decisions related to both digital optimization and transformation strategies – see figure below. Doing so will allow for a proper ROI analysis detailing the potential for profit maximization.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

MARCH 13, 2024

Respondents said AI was already showing value when it comes to writing and optimizing code, analyzing security, helping them learn new skills, identify bugs, write tests, create documentation, and more. Artificial Intelligence, CIO, Generative AI, IT Leadership, ROI and Metrics, Software Development

IT 124

IT Consulting Testing Cost-Benefit 124

CIO Business Intelligence

JULY 26, 2023

Like rivals, Keller Williams will not provide a hardened ROI on a process that is only one part technology and still largely relationship-based between agent and customer. The first platform is Command, a core agent-facing CRM that supports Keller Williams’ agents and real estate teams.

Data Lake 93

Data Lake Digital Transformation Machine Learning Data Architecture 93

CIO Business Intelligence

MAY 16, 2022

These principles include: Focus on value Start where you are Progress iteratively with feedback Collaborate and promote visibility Think and work holistically Keep it simple and practical Optimize and automate ITIL 4 focuses on company culture and integrating IT into the overall business structure.

IT 101

IT Cost-Benefit ROI Risk 101

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. There’s pressure to demonstrate the uptake of true ROI, Gownder adds, but warns we’re not at that point yet.

Cost-Benefit 138

Cost-Benefit Metrics Insurance Measurement 138

Rocket-Powered Data Science

FEBRUARY 12, 2021

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. IA incorporates feedback, learning, improvement, and optimization in the automation loop. The average ROI from RPA/IA deployments is 250%.

ROI 233

ROI Digital Transformation Reporting Machine Learning 233

AWS Big Data

MARCH 7, 2023

They should also provide optimal performance with low or no tuning. He has over 16 years of experience in building data assets and leading complex data platform programs for banking and insurance clients across the globe. Flexible and easy to use – The solutions should provide less restrictive, easy-to-access, and ready-to-use data.

Analytics 69

Analytics Data Warehouse Data Lake Metadata 69

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

Alation

FEBRUARY 20, 2020

Not only can resources be quickly provisioned and optimized for different workloads and processing needs, but it can be done cost effectively. For example, a risk insurance company that has sensitive customer information and transactional data, can store that information in an on-premise system. Conclusion. Subscribe to Alation's Blog.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

Occam's Razor

APRIL 25, 2011

This latter category contains things that are so obviously sub-optimal that no one should be doing them any more. 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. Yet there they are.

Marketing 126

Marketing Measurement Metrics Testing 126

datapine

MAY 31, 2022

Luckily there are several ways to keep cloud costs in check , for example, optimizing costs by conducting better financial analytics and reporting, automating policies for ruling, or keeping the management reporting practice on the course, so that these issues in computing could be decreased. Lack of resources/expertise. Governance/Control.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

APRIL 4, 2024

This capability is crucial for highly regulated businesses, as they must adhere to data privacy and data sovereignty laws like the General Data Protection Regulation (GDPR) for companies operating in the EU and the Health Insurance Portability and Accountability Act (HIPAA) (link resides outside ibm.com) for healthcare in the US.

Data Processing 101

Data Processing Cost-Benefit Software Digital Transformation 101

Occam's Razor

FEBRUARY 22, 2011

In this specific case I am selling health insurance policies. okay discussion for another time), and you are ready to get deeper insights into the ROI of your campaigns. Now you are more optimally placed to judge if your mobile campaigns are delivering not just traffic but also business outcomes. Analyze this carefully.

Analytics 113

Analytics Advertising Metrics Measurement 113

Domino Data Lab

FEBRUARY 4, 2019

Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI. While, as individuals, they may be industry experts in finance, insurance, pharma, automotive, or whatever vertical, many still operate with pre-1960 notions about science, rhetoric, media, etc., Secondly, because stakeholders.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

CIO Business Intelligence

AUGUST 1, 2023

Justin Rodenbostel, EVP at SPR, says, “Search for opportunities to leverage GPT-4 and LLM for optimizing activities like customer support, especially regarding automating tasks and analyzing large quantities of unstructured data.” Improving customer support is a quick win for delivering short-term ROI from LLMs and AI search capabilities.

Digital Transformation 97

Digital Transformation Unstructured Data Strategy Experimentation 97

Occam's Razor

NOVEMBER 2, 2015

When you search for them, if you find them, you end up on sub-optimal landing pages. The brand and performance ROI to the company is clear and direct. As with all other Social Networks below, let's take a look at some B2B examples (good and un-good), some B2C examples (good and un-good) and arrive at the optimal answer.

B2B 167

B2B Metrics Testing Recreation/Entertainment 167

Smart Data Collective

JANUARY 7, 2022

Centralizing your database, the tool not only helps you use data for more optimal business decisions but also improves the data transparency and visibility of your entire organization. With a cloud-based POS system, your data security has safety insurance. The best part is it supports your cost optimization venture.

Cost-Benefit 104

Cost-Benefit Sales Software Reporting 104

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. For a time, I believed simulation was more useful a capability than optimization, at the time that larger firms were seeking optimization solutions. Do you play SimCity? Data management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

JUNE 24, 2021

KPIs must be utilized to identify opportunities for maximization and optimization. Fundraising return on investment (ROI) : this metric is used by non-profits to gauge the performance of each of its campaigns. This knowledge will allow the business to optimize its efforts and model other campaigns after its most successful program.

Metrics 98

Metrics Reporting KPI Measurement 98