Cloudera

DECEMBER 11, 2020

These include the use of more data sources to gain insights and how cloud technologies can assist with digital transformation goals to be more agile and achieve objectives more quickly. Data Variety. Insurance and finance are two industries that rely on measuring risk with historical data models. Insurance .

Insurance 91

Insurance Digital Transformation Unstructured Data Machine Learning 91

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 85

Insurance Data Warehouse Data-driven Unstructured Data 85

CIO Business Intelligence

FEBRUARY 21, 2024

Before moving forward, CIOs consider the problem they are trying to solve with RAG and how complex their data is, then compare their needs with each data architecture’s pros and cons. A Vector DB stores and manages unstructured data — text, images, audio, etc. — as vector embeddings (numerical format).

Insurance 62

Insurance Unstructured Data Data Architecture Technology 62

CIO Business Intelligence

FEBRUARY 23, 2024

Training for tomorrow Brizendine points out that the company’s overall AI strategy is tightly integrated with its data and analytics systems, which reside and run on a complex infrastructure that includes on-premises mainframes for specific-purpose workloads, SaaS applications, and use of both AWS and Microsoft Azure.

IT 120

IT Manufacturing Unstructured Data Strategy 120

CIO Business Intelligence

MARCH 20, 2024

Moreover, new sources of ever expanding data produced by generative AI and the unfettered growth of unstructured data introduce even more challenges. Data at rest. Data in motion. Cyber insurance. Shadow IT introduces systems and applications that are often outside of an enterprise’s catalog of IT tools.

IoT 62

IoT Unstructured Data Insurance Data Processing 62

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 79

Unstructured Data Deep Learning Insurance Interactive 79

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 88

Cost-Benefit Insurance Machine Learning Unstructured Data 88

Cloudera

DECEMBER 3, 2020

I came to the organization because of my interest in data & analytics specific to the insurance industry. Here are a few examples: Insurance: Now more than ever Insurers need to use technologies such as analytics and cloud to their advantage. It gives me all my fruits and veggies with an added boost! Reference Blog.

Insurance 53

Insurance Unstructured Data Data-driven Manufacturing 53

CIO Business Intelligence

MAY 24, 2022

In order to help maintain data privacy while validating and standardizing data for use, the IDMC platform offers a Data Quality Accelerator for Crisis Response.

Finance 124

Finance Management Metadata Machine Learning 124

CIO Business Intelligence

AUGUST 18, 2023

Healthcare Data is Ripe for Innovation The above scenario demonstrates how your data and health history are duplicated and stored in multiple places that are not readily connected. Your spread-out data is also more vulnerable to privacy breaches. Image tokenization can de-identify medical images.

Insurance 52

Insurance Unstructured Data Measurement Testing 52

CIO Business Intelligence

MARCH 19, 2024

The 2000s: Spending spree September 2003: Autonomy completes its purchase of video management software vendor Virage and rebuilds the company’s software on its own IDOL (Intelligent Data Operating Layer) unstructured data management platform. March 2004: Autonomy acquires NativeMinds and Cardiff Software. 19, 2011, and Nov.

Software 97

Software Sales Unstructured Data Enterprise 97

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 106

Insurance Digital Transformation Unstructured Data Risk 106

IBM Big Data Hub

FEBRUARY 2, 2023

Organizations looking to increase adoption of ML are turning to cloud data warehouses that support new, open data formats to catalog, ingest, and query unstructured data types.

Data Warehouse 57

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 57

Ontotext

JANUARY 29, 2024

This is because although generative AI can replace people in some cases, there is no professional liability insurance for LLMs. LLMs can optimize several tasks, such as updating taxonomies, classifying entities, and extracting new properties and relationships from unstructured data.

Strategy 52

Strategy Management Metadata IoT 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

FineReport

JULY 28, 2021

Business Intelligence describes the process of using modern data warehouse technology, data analysis and processing technology, data mining, and data display technology for visualizing, analyzing data, and delivering insightful information. What is Data Science? Insurance Dashboard (by FineReport).

Business Intelligence 98

Business Intelligence Data Science Data Analytics Analytics 98

Cloudera

SEPTEMBER 17, 2020

They were not able to quickly and easily query and analyze huge amounts of data as required. They also needed to combine text or other unstructured data with structured data and visualize the results in the same dashboards.

Experimentation 80

Experimentation Data Warehouse Dashboards Visualization 80

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.

Data Lake 89

Data Lake Digital Transformation Machine Learning Data Architecture 89

Ontotext

APRIL 27, 2021

B) The healthcare industry has the disadvantage of an enormous amount of data upon which to create hypotheses for new treatments. It is true that the healthcare sector, which includes hospitals, pharmaceuticals, and insurance companies, have an enormous amount of data. Answer: Both are true. Tried and Tested.

Knowledge Discovery 59

Knowledge Discovery Unstructured Data Testing Insurance 59

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

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

AWS Big Data

AUGUST 3, 2023

With the rapid growth of technology, more and more data volume is coming in many different formats—structured, semi-structured, and unstructured. Data analytics on operational data at near-real time is becoming a common need.

Data Lake 82

Data Lake Visualization Dashboards Insurance 82

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 82

Big Data Recreation/Entertainment Cost-Benefit Finance 82

Ontotext

SEPTEMBER 2, 2020

Healthcare industries including pharma, biotech, agrochemical and insurance have been using knowledge graphs to improve discoverability in a number of new and innovative ways. data principles to foster better collaboration and information reuse. For efficient drug discovery, linked data is key.

Insurance 72

Insurance Metadata Publishing Unstructured Data 72

bridgei2i

APRIL 9, 2019

Most enterprises and heavyweight financial companies are acquiring start-ups with the motive to analyze the massive amounts of unstructured data automatically. For a more detailed outlook on fraud prevention, read our blog on How Analytics Can Protect Insurers from Fraud. Wealth Management for Clients.

Sales 69

Sales Data-driven Finance Unstructured Data 69

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 84

Insurance Data Architecture Risk Management Risk 84

bridgei2i

MAY 7, 2019

Most enterprises and heavyweight financial companies are acquiring start-ups with the motive to analyze the massive amounts of unstructured data automatically. For a more detailed outlook on fraud prevention, read our blog on How Analytics Can Protect Insurers from Fraud. Wealth Management for Clients.

IoT 40

IoT Unstructured Data Finance Data-driven 40

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. So, let’s get straight into this. So, what’s your take on this?

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

bridgei2i

MAY 21, 2019

Most enterprises and heavyweight financial companies are acquiring start-ups with the motive to analyze the massive amounts of unstructured data automatically. For a more detailed outlook on fraud prevention, read our blog on How Analytics Can Protect Insurers from Fraud. Wealth Management for Clients.

Sales 40

Sales Unstructured Data Data-driven Finance 40

AWS Big Data

FEBRUARY 21, 2023

Build a data vault schema for the raw vault and create materialized views for the business vault. Enable Amazon Redshift data shares to share data between the producer cluster and consumer cluster. Load the structed and unstructured data into the producer cluster data vault for business use.

Data Warehouse 66

Data Warehouse Data Lake Cost-Benefit Modeling 66

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

Cost-Benefit 103

Cost-Benefit Insurance Consulting Unstructured Data 103

Cloudera

FEBRUARY 7, 2023

billion adults around the world do not have access to formal financial services, meaning that they cannot open a bank account or access credit, insurance, or other financial products. Cloudera Data Platform (CDP) has also been instrumental in helping banks solve the issue of financial inclusion in underserved communities.

Technology 73

Technology Unstructured Data Insurance Machine Learning 73

CIO Business Intelligence

NOVEMBER 18, 2022

Physician notes from visits and procedures, test results, and prescriptions are captured and added to the patient’s chart and reviewed by medical coding specialists, who work with tens of thousands of codes used by insurance companies to authorize billing and reimbursement. This is a dynamic view on data that evolves over time,” said Koll.

Insurance 73

Insurance Contextual Data Testing Unstructured Data 73

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.” Bayesian data analysis and Monte Carlo simulations are common in finance and insurance.

Machine Learning 245

Machine Learning Modeling Testing Cost-Benefit 245

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 57

Data Warehouse Unstructured Data Analytics Visualization 57

CIO Business Intelligence

MAY 24, 2022

Today transactional data is the largest segment, which includes streaming and data flows. EXTRACTING VALUE FROM DATA. One of the biggest challenges presented by having massive volumes of disparate unstructured data is extracting useable information and insights. Insurance.

Data-driven 75

Data-driven Data Lake Data Warehouse IoT 75

erwin

JUNE 27, 2019

Additional challenges, such as increasing regulatory pressures – from the General Data Protection Regulation (GDPR) to the Health Insurance Privacy and Portability Act (HIPPA) – and growing stores of unstructured data also underscore the increasing importance of a data modeling tool.

Measurement 81

Measurement Modeling Unstructured Data Metadata 81