IBM Big Data Hub

FEBRUARY 14, 2024

AIOps is one of the fastest ways to boost ROI from digital transformation investments. Insurance With AI, the insurance industry can virtually eliminate the need for manual rate calculations or payments and can simplify processing claims and appraisals.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

Smart Data Collective

MARCH 2, 2022

million in seed funding last summer, according to a report by TechCrunch. A recent McKinsey report found that 40% of application development projects fail to meet the intended business goals. Every IT department faces the same problem of diminishing budgets and increasing pressures to prove ROI for every initiative.

Data Science 111

Data Science Enterprise Insurance ROI 111

CIO Business Intelligence

MARCH 13, 2024

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent.

IT 124

IT Consulting Testing Cost-Benefit 124

IBM Big Data Hub

APRIL 18, 2024

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. Here are some areas where organizations are seeing a ROI: Text (83%) : Gen AI assists with automating tasks like report writing, document summarization and marketing copy generation.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

CIO Business Intelligence

JULY 26, 2023

Its data specialists use Snowflake to craft the architecture and capture a range of data types, from MLS listings to financial transactions, as well as national housing reports and “exhaust data that spits off the consumer-facing website,” Ligon says. billion in 2022, resource industries $82.1 billion in 2022.

Data Lake 93

Data Lake Digital Transformation Machine Learning Data Architecture 93

CIO Business Intelligence

MAY 16, 2022

Corporations and public sector organizations that have successfully implemented ITIL best practices report huge savings. For example, in its Benefits of ITIL paper, Pink Elephant reports that Procter and Gamble saved about $500 million over four years by reducing help desk calls and improving operating procedures.

IT 101

IT Cost-Benefit ROI Risk 101

Smart Data Collective

AUGUST 3, 2023

Data management tools Fleet maintenance is crucial for ensuring the health and ROI of your fleet. This ensures standardization of work order data, making reporting and uploading into the fleet management software a simple process. Today, most insurance industry blockchain applications focus on streamlining internal processes.

Technology 85

Technology Management Cost-Benefit Manufacturing 85

Cloudera

AUGUST 22, 2021

This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. According to Flexera’s 2021 State of the Cloud report , 99% of respondents are using at least one public or private cloud, in other words, a hybrid cloud approach.

Cost-Benefit 103

Cost-Benefit Strategy IoT ROI 103

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. It expected this to be more scalable and allow incremental product deployments and updates.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

AWS Big Data

MARCH 7, 2023

It includes business intelligence (BI) users, canned and interactive reports, dashboards, data science workloads, Internet of Things (IoT), web apps, and third-party data consumers. Popular consumption entities in many organizations are queries, reports, and data science workloads.

Analytics 69

Analytics Data Warehouse Data Lake Metadata 69

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. But that may be as much about protecting any competitive advantage as it is about any lack of success.

Cost-Benefit 138

Cost-Benefit Metrics Insurance Measurement 138

IBM Big Data Hub

JULY 10, 2023

According to a new Forrester Consulting study , the IBM Security Randori platform delivered a 303% ROI over 3 years and paid for itself in less than 6 months by helping to mitigate risk exposure, better prioritize risk response decisions and act faster. What can your organization achieve with an offensive security platform?

ROI 54

ROI Insurance Consulting Risk 54

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. AAI’s recently published “Now and Next State of RPA” report presents detailed results of that survey. The average ROI from RPA/IA deployments is 250%.

ROI 233

ROI Digital Transformation Reporting Machine Learning 233

datapine

MAY 6, 2022

These can be the reduction of errors by automating manual reporting and analysis. A few saved orders are often all it takes to get into positive ROI territory based on increased labor costs. Thankfully, many features and reporting tools can be turned on and associated with an existing action. Increase scans and verification.

Management 229

Management Sales Insurance Dashboards 229

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

erwin

FEBRUARY 7, 2019

The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. ROI on the automation solutions was realized within the first year. Users now view end-to-end data lineage from the source layer to the reporting layer within seconds.

Metadata 96

Metadata Insurance Data-driven Cost-Benefit 96

IBM Big Data Hub

NOVEMBER 10, 2023

Since 2021, healthcare insurance companies also known as payers, that set service rates, collect payments, process claims, and pay healthcare provider claims, have the obligation to comply with the interoperability requirements set in 2020.

Cost-Benefit 104

Cost-Benefit Insurance Consulting Unstructured Data 104

Jet Global

AUGUST 17, 2020

The first one is financial reporting, where your company is conveying information to shareholders. High level indicators should be directly reported to the CFO of a company, while higher resolution indicators should be analyzed by the finance department. For a CFO, this is a very important figure to be able to report to shareholders.

Finance 98

Finance Metrics KPI Key Performance Indicator 98

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.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

APRIL 22, 2024

“But we took a step back and asked, ‘What if we put in the software we think is ideal, that integrates with other systems, and then automate from beginning to end, and have reporting in real-time and predictive analytics?’” Our organization is depending on us to drive the business into the future,” he adds.

IT 99

IT Data-driven Strategy Consulting 99

CIO Business Intelligence

APRIL 20, 2023

Meeting the renewal demands of cyber-insurance carriers for stricter mean time to patch and mean time to repair standards. For example, ABB Americas’ estimated ROI of its investment in Tanium is $1.75 Deploying patches automatically with greater efficiency. Consolidating tools without compromising security. Digital Transformation

Cost-Benefit 72

Cost-Benefit ROI Digital Transformation Software 72

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. via David Rekuc] "Have lunch, get to know your fellow man (or woman), share reports and success metrics and goals."

Marketing 126

Marketing Measurement Metrics Testing 126

bridgei2i

JUNE 24, 2020

There could be analyzing, projected ROI versus alignment of these initiatives to either operational or strategic objectives, or even start with a zero-based budgeting. Listen Now Insurance is among the most-affected industries of the novel Coronavirus. So, there are several parameters being considered.

B2B 117

B2B Enterprise Sales Digital Transformation 117

Smart Data Collective

JANUARY 21, 2020

Needless to say, proper implementation can make way for better campaign performances and improved ROI. Based on an independent report released by the PwC, AI is considered as a ready business advantage by almost 72 percent of the concerned individuals. Benefits of AI Marketing.

Marketing 98

Marketing Data Processing Machine Learning Insurance 98

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08

Data Processing 101

Data Processing Cost-Benefit Software Digital Transformation 101

Occam's Razor

FEBRUARY 22, 2011

Just when you thought you were finally getting more comfortable with website analytics and the metrics you report, here comes the massive explosion of mobile data! so in many places I've cropped the reports to make them more clear for you. With this report, and not additional tagging etc., It should only get better.

Analytics 113

Analytics Advertising Metrics Measurement 113

bridgei2i

SEPTEMBER 3, 2020

AI-led Intelligent Operations can help a lot and, in fact, already transforming these areas—be it developing smart apps for banking or using drones to do damage surveys for insurance—with its exceptional ability to detect anomalies and recommend next-best options. So, you know, think about an insurance company.

Enterprise 94

Enterprise Insurance Digital Transformation Interactive 94

Domino Data Lab

FEBRUARY 4, 2019

Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI. To outline that caveat, I count four main points in the article describing necessary conditions which a successful organization must put into practice: Position data science as its own entity—make it its own department, reporting to the CEO.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Alation

DECEMBER 2, 2022

For example, the Alation State of Data Culture Report , found that 97% of global data leaders report their companies have suffered the consequences of ignoring data, leading to bad investments, poor forecasts, or the loss of new revenue opportunities. By contrast, ignoring data leads to grave mistakes.

Data-driven 52

Data-driven Insurance ROI Metadata 52

Andrew White

JANUARY 11, 2021

What is unique about the D&A Leadership Vision is that it crossed over into business since for many organizations, the CDO reports into the CEO or COO (as examples). The fill report is here: Leadership Vision for 2021: Data and Analytics. CAO, and even where the CAO reports into a different organization. That’s the idea.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Smart Data Collective

JANUARY 7, 2022

Unlike legacy-based systems, a cloud system enables your team real-time access to reports on what is going on your work floor. Be it lead generation reports, SOPs (standard operating procedure), productivity reports, or monthly sales reports, it manages it all. Builds your dream team. The best part? The best part?

Cost-Benefit 104

Cost-Benefit Sales Software Reporting 104

Occam's Razor

NOVEMBER 2, 2015

The brand and performance ROI to the company is clear and direct. Bonus: Facebook Advertising / Marketing: Best Metrics, ROI, Business Value. If you truly, gloriously suck on TV, perhaps there's a report on some paper out there. Here's Liberty Mutual Insurance. They have a regular presence on Social Networks.

B2B 167

B2B Metrics Testing Recreation/Entertainment 167

Jet Global

JUNE 24, 2021

Leading and lagging metrics : Leading measures predict future performance, whereas lagging measures report past performance. Fundraising return on investment (ROI) : this metric is used by non-profits to gauge the performance of each of its campaigns. Unfortunately, preparing financial reports is a tedious and costly task.

Metrics 98

Metrics Reporting KPI Measurement 98

Jet Global

DECEMBER 20, 2021

Will the investment generate positive return on investment (ROI), or is it essential to business operations? If leaders expect a positive ROI, then how quickly will the investment pay for itself? executives can ferret out the most promising investments from an array of proposed positive-ROI projects. Consolidation.

Software 52

Software Recreation/Entertainment ROI Finance 52

Jet Global

MARCH 3, 2022

To celebrate our partnership’s 100th customer, we sat down with Michael Heinsdorf, director of product alliances and corporate development at Deltek to discuss the partnership between Deltek and insightsoftware (ISW), and how the collaboration has helped clients increase efficiency, boost ROI, and reduce time spent generating financial reports.

Slice and Dice 98

Slice and Dice Recreation/Entertainment Reporting Finance 98