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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

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Global AI regulations: Beyond the U.S. and Europe

CIO Business Intelligence

Importantly, where the EU AI Act identifies different risk levels, the PRC AI Law identifies eight specific scenarios and industries where a higher level of risk management is required for “critical AI.” The code of conduct is directed by 11 guiding principles, many of which focus on risks, vulnerabilities, security, and protections.

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Sustainability: Real progress but also thorny challenges ahead

CIO Business Intelligence

According to the IDC FutureScape: Worldwide Future of Industry Ecosystems 2023 Predictions (October 2022), by 2025 60% of global 2000 organizations will have formed cross-ecosystem environmental sustainability teams responsible for sharing data, applications, operations, and expertise in ways that facilitate sustainable ecosystem practices.

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IT downtime cuts enterprise profit by 9%, says study

CIO Business Intelligence

For the study, titled “The Hidden Costs of Downtime,” Oxford Economics quizzed executives from Global 2000 companies about the causes and costs of downtime in IT systems. Almost a quarter of the estimated cost of downtime — $49 million of the estimated $200 million average for Global 2000 companies — was due to lost revenue, the study found.

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What Does 2000 Year Old Concrete Have to Do with Knowledge Graphs?

Ontotext

The risk is that the organization creates a valuable asset with years of expertise and experience that is directly relevant to the organization and that valuable asset can one day cross the street to your competitors. The post What Does 2000 Year Old Concrete Have to Do with Knowledge Graphs? appeared first on Ontotext.

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Major de-booking proves that suppliers are in the driver’s seat: Analyst

CIO Business Intelligence

In a statement to Network World on Monday in response to questions about the de-booking, HPE explained, we have a strong controls environment, and we continue to be vigilant on engaging with sound customers,managing risk,andensuring that we have a diversified order book.

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Predictive Analytics Made Last Summer The Season Of Altcoins

Smart Data Collective

But it’s clear they need help in choosing the best altcoins to buy from the more than 2000 high-risk cryptocurrencies available. High Profit Potential Matched by High Volatility and High Risk. What is clear is that high volatility and high risk mean that “caveat emptor” was never more applicable than in the crypto marketplace.