IBM Big Data Hub

FEBRUARY 14, 2024

Insurance With AI, the insurance industry can virtually eliminate the need for manual rate calculations or payments and can simplify processing claims and appraisals. Intelligent automation also helps insurance companies adhere to compliance regulations more easily by ensuring that requirements are met.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

IBM Big Data Hub

FEBRUARY 2, 2023

In today’s world, data warehouses are a critical component of any organization’s technology ecosystem. They provide the backbone for a range of use cases such as business intelligence (BI) reporting, dashboarding, and machine-learning (ML)-based predictive analytics, that enable faster decision making and insights.

Data Warehouse 56

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 56

Alation

FEBRUARY 13, 2020

At some level, every enterprise is struggling to connect data to decision-making. In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

bridgei2i

MARCH 9, 2021

Whether it’s a fin-tech company or an insurance agency – the input from AI-powered data analysis systems can help any business improve their customer experiences, optimize sales strategies, and ensure the business meets all compliance requirements. Businesses can now create two-tier strategies for their data analysis efforts.

Technology 52

Technology Unstructured Data Insurance Sales 52

CIO Business Intelligence

JULY 26, 2023

The only thing we have on premise, I believe, is a data server with a bunch of unstructured data on it for our legal team,” says Grady Ligon, who was named Re/Max’s first CIO in October 2022. And the crew is using AWS SageMaker machine learning (ML) to give its agents the best local leads and prospective buyers. billion in 2022.

Data Lake 98

Data Lake Digital Transformation Machine Learning Data Architecture 98

Smart Data Collective

FEBRUARY 2, 2021

Also, thanks to Big Data, recruitment is now more accurate. Keep in mind that recruitment agencies have to deal with huge volumes of unstructured data, and analyzing all this data by traditional means is not only slow, but also ineffective.

Big Data 83

Big Data Recreation/Entertainment Cost-Benefit Finance 83

Data Insight

OCTOBER 27, 2021

For example, looking at groups of data to compare certain metrics and then taking action or highlighting insights to employees, or searching a large breadth of data to find new perspectives on business challenges. Always-on rapid decisioning While Data Analysts can be highly skilled at what they do, they aren’t available 24/7.

Machine Learning 52

Machine Learning Insurance Cost-Benefit Unstructured Data 52

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital Transformation Unstructured Data Risk 96

bridgei2i

FEBRUARY 24, 2021

Many organizations today are dealing with large amounts of structured and unstructured data. And the fresh challenge is to derive actionable insights from that data, which is impacting their business outcomes. How do you track and report the impact of these metrics on key business outcomes?

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk. Well, sort of.

Insurance 92

Insurance Data Architecture Risk Management Risk 92

AWS Big Data

MAY 28, 2024

Large language models (LLMs) such as Anthropic Claude and Amazon Titan have the potential to drive automation across various business processes by processing both structured and unstructured data. Redshift Serverless is a fully functional data warehouse holding data tables maintained in real time.

Unstructured Data 100

Unstructured Data Data Warehouse Structured Data Testing 100

IBM Big Data Hub

NOVEMBER 10, 2023

The rule laid out an interoperability journey that supports seamless data exchange between payers and providers alike — enabling future functionalities and technically incremental use cases.

Cost-Benefit 95

Cost-Benefit Insurance Consulting Unstructured Data 95

O'Reilly on Data

SEPTEMBER 19, 2023

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.” Today, reports of idle cargo ships and overloaded seaside ports remind us that we shifted from under- to over-supply.

Machine Learning 255

Machine Learning Testing Modeling Cost-Benefit 255

CIO Business Intelligence

AUGUST 21, 2024

After observing this system for a few months,” he continues, “Hughes allowed the process to run automatically and report on the implemented changes. Insurance company Aflac is one company making sure this is the case to maintain human oversight over the AI, instead of letting it act completely autonomously.

Risk 135

Risk Insurance Cost-Benefit Software 135

Cloudera

NOVEMBER 25, 2020

Sample and treatment history data is mostly structured, using analytics engines that use well-known, standard SQL. Interview notes, patient information, and treatment history is a mixed set of semi-structured and unstructured data, often only accessed using proprietary, or less known, techniques and languages.

Data Warehouse 60

Data Warehouse Unstructured Data Analytics Visualization 60

CIO Business Intelligence

MAY 24, 2022

Defining and using single data points for multiple purposes. Building a semantic layer describing unified business and reporting definitions. Unlocking the value of data with in-depth advanced analytics, focusing on providing drill-through business insights. EXTRACTING VALUE FROM DATA. Insurance.

Data-driven 98

Data-driven Data Lake Data Warehouse Cost-Benefit 98

Ontotext

SEPTEMBER 2, 2020

Knowledge graphs enable content, data and knowledge-centric enterprises to improve repeated monetization of their assets by optimizing their reuse and repurposing as well as creating new products such as books, apps, reports, journal articles, content, and data feeds. For efficient drug discovery, linked data is key.

Insurance 72

Insurance Metadata Publishing Unstructured Data 72

AWS Big Data

FEBRUARY 21, 2023

The data vault approach solves most of the problems associated with dimensional models, but it brings other challenges in clinical quality control applications and regulatory reports. This is one of the biggest hurdles with the data vault approach. It optimizes the database for faster data retrieval.

Data Warehouse 70

Data Warehouse Data Lake Cost-Benefit Metadata 70

Sisense

MAY 4, 2020

In his article in Forbes , he discussed how some of the biggest names in global business — Nike, Burger King, and McDonald’s — and progressive newer entrants to huge sectors like insurance, are embracing data and analytics technology as a platform on which to build their competitive advantages. Organizations must adapt or die.

Big Data 78

Big Data Data-driven Snapshot Unstructured Data 78