Smart Data Collective

SEPTEMBER 29, 2022

OCR and Other Data Extraction Tools Have Promising ROIs for Brands. One study by Think With Google shows that marketing leaders are 130% as likely to have a documented data strategy. Data strategies are becoming more dependent on new technology that is arising. Driver’s license verification for insurance purposes.

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

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 133

Data Analytics Analytics Advertising Big Data 133

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 132

Digital Transformation ROI Strategy Technology 132

CIO Business Intelligence

MARCH 16, 2022

Leveraging VSM principles, a group at a Fortune 500 Insurance company was able to make some small changes that have proven to deliver significant dividends. In addition, a wireless network operator’s leadership was better able to connect strategy and work by employing VSM principles. Conclusion.

Management 88

Management Cost-Benefit Insurance ROI 88

CIO Business Intelligence

FEBRUARY 16, 2024

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. And, despite how evolved ADP’s strategy has become, Nagrath acknowledges that it is a challenge to plan next steps because of all the unknowns that generative AI poses.

Digital Transformation 108

Digital Transformation Experimentation Cost-Benefit Machine Learning 108

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. Informed decision-making: The biggest benefit of using KPIs and metrics in your warehousing strategies is informed decision-making. Making the use of warehousing metrics a huge competitive advantage.

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smart Data Collective

NOVEMBER 17, 2021

Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. But if you don’t know how to invest in stocks or are unsure of investing strategies, how will you make money? Then you will need to know how to incorporate big data into your investing strategy.

Analytics 113

Analytics Big Data Data-driven ROI 113

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 Ready to evolve your analytics strategy or improve your data quality?

Data Processing 85

Data Processing Deep Learning Insurance Cost-Benefit 85

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 84

Management Testing Insurance Finance 84

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. Going after full ROI moves an IA program from a technology play into technology + change management.” – Maxim Ioffe | Global Intelligent Automation Leader, WESCO.

Digital Transformation 102

Digital Transformation Insurance ROI Business Objectives 102

Smart Data Collective

JULY 26, 2023

Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without. Companies using big data reportedly have 115% higher ROIs.

Data-driven 74

Data-driven Management Sales Big Data 74

Cloudera

AUGUST 22, 2021

This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. For enterprises in particular, a multi-cloud strategy utilizing both public and private clouds presents an enticing option to diversify risk, increase security and maximise innovation.

Cost-Benefit 103

Cost-Benefit Strategy IoT ROI 103

Alation

NOVEMBER 4, 2022

Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. Examples include: Insurance : Competitive pressures from Insuretech providers mean more traditional insurance companies need to compete through better personalization and faster service. Subscribe to Alation's Blog.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

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

MAY 16, 2022

This path focuses on how technology directs business strategy and how IT plays into that. Modules include: ITIL Strategist – Direct, Plan & Improve ITIL Leader – Digital & IT Strategy For an in-depth look at ITIL certification, see “ What ITIL certifications mean to your IT management practices.”.

IT 101

IT Cost-Benefit ROI Risk 101

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

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

Smart Data Collective

AUGUST 3, 2023

Data management tools Fleet maintenance is crucial for ensuring the health and ROI of your fleet. Today, most insurance industry blockchain applications focus on streamlining internal processes. Due to regular information sharing, manual updates are no longer needed, and data discrepancies and misunderstandings are reduced.

Technology 85

Technology Management Cost-Benefit Manufacturing 85

CIO Business Intelligence

MARCH 13, 2024

At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications. Artificial Intelligence, CIO, Generative AI, IT Leadership, ROI and Metrics, Software Development

IT 124

IT Consulting Testing Cost-Benefit 124

bridgei2i

NOVEMBER 3, 2021

What advice would you give these companies when it comes to adopting AI solutions with an ROI lens? [12:57] This is done across financial services and insurance, consumer packaged goods and manufacturing industries. If you’re getting through the ROI lens, definitely you will not be able to make the right decision.

Manufacturing 52

Manufacturing Enterprise ROI Digital Transformation 52

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. The “Next” part of the report probes organizations’ forward-looking strategies and goals over the next one to two years. The average ROI from RPA/IA deployments is 250%.

ROI 233

ROI Digital Transformation Reporting Machine Learning 233

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

CIO Business Intelligence

APRIL 22, 2024

“A truly business-driven IT team shouldn’t just be aligned with business strategy, it should have a seat at the leadership table, have a hand in directing business strategy, and be brought in on any major transformational initiatives from the get-go.” But now we’re integral to the strategy as it’s being created.

IT 99

IT Data-driven Strategy Consulting 99

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. In both cases, the return on investment (ROI) is healthy. The survey by Flexera mentioned above shows that 89% of enterprises have a multi-cloud strategy. Lack of resources/expertise. Segmented usage and adoption.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

erwin

FEBRUARY 7, 2019

Organization’s cannot hope to make the most out of a data-driven strategy, without at least some degree of metadata-driven automation. 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.

Metadata 96

Metadata Insurance Data-driven Cost-Benefit 96

Occam's Razor

APRIL 25, 2011

and meet many many many executives and hear about their digital marketing strategies, challenges and outcomes. 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. then shut it.

Marketing 126

Marketing Measurement Metrics Testing 126

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. These requirements enable the exchange of important data between healthcare payers and providers.

Cost-Benefit 104

Cost-Benefit Insurance Consulting Unstructured Data 104

bridgei2i

JUNE 24, 2020

JJ: Well, it has, and to explain its relevance first, we need to understand that strategy and finance teams of various companies are working through scenario planning with other business functions to really ascertain how the situation will evolve and further impact revenue and then thereby impact operational expenses. If yes, why?

B2B 117

B2B Enterprise Sales Digital Transformation 117

Smart Data Collective

JANUARY 21, 2020

The focus, therefore, is always on keeping the marketing strategies proactive, in order to improve the existing customer journey in the best possible manner. Needless to say, proper implementation can make way for better campaign performances and improved ROI. Benefits of AI Marketing.

Marketing 98

Marketing Data Processing Machine Learning Insurance 98

DataRobot

NOVEMBER 15, 2021

This will be further expanded to energy, life sciences, insurance, government, telecommunications and media organizations in 2022. DataRobot AI Cloud on AWS enables organizations across the banking and healthcare industry to easily build, deploy, and monitor machine learning models that yield actionable insights and ROI. Learn more.

Manufacturing 52

Manufacturing Forecasting Machine Learning Data-driven 52

IBM Big Data Hub

APRIL 4, 2024

According to the IBM Transformation Index: State of Cloud report, 71% of business executives surveyed agree it’s challenging to realize the full potential of a digital transformation without a solid hybrid cloud strategy. What is private cloud ?

Data Processing 101

Data Processing Cost-Benefit Software Digital Transformation 101

Occam's Razor

FEBRUARY 22, 2011

In my case I also choose for the mobile ads not to be shown in states where I don't have a business presence by availing myself of the options under the Settings tab: Hit "Save" and you are on your way to a great mobile ad strategy (don't forget my booing of any advertiser that does not have mobile specific landing pages.

Analytics 113

Analytics Advertising Metrics Measurement 113

CIO Business Intelligence

AUGUST 1, 2023

As many CIOs prepare their 2024 budgets and digital transformation priorities, developing a strategy that seeks opportunities to evolve business models, targets near-term operational impacts, prioritizes where employees should experiment, and defines AI-related risk-mitigating plans is imperative.

Digital Transformation 97

Digital Transformation Unstructured Data Strategy Experimentation 97

Occam's Razor

NOVEMBER 2, 2015

" The second question was never answered either, but because all businesses know is how to pimp that became their default strategy. if yes, what should your content (and marketing) strategy be. If you have an effective Care content strategy, some Social Networks can solve for Care as well. Big mistake. Human vs. Business.

B2B 167

B2B Metrics Testing Recreation/Entertainment 167

Andrew White

JANUARY 11, 2021

Do you recommend a consulting approach strategy rather than a CDO strategy? As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. How do you think Technology Business Management plays into this strategy? Governance. Product Management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Smart Data Collective

JANUARY 7, 2022

In a heavily disrupted world by the Covid-19, a cloud-based POS system is no longer just a growth hacking strategy. Hence, it is important for organizations to implement critical data security strategies to keep off cyber attacks. With a cloud-based POS system, your data security has safety insurance.

Cost-Benefit 104

Cost-Benefit Sales Software Reporting 104

Jet Global

JUNE 24, 2021

Fundraising return on investment (ROI) : this metric is used by non-profits to gauge the performance of each of its campaigns. By dividing the funds raised by investments, the organization arrives at fundraising ROI KPI: Fundraising ROI = annual funds raised / annual investments. The funds raised is another word for donations.

Metrics 98

Metrics Reporting KPI Measurement 98