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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. Statistics show that married people have fewer car accidents than singletons. Insurance companies have access to crime statistics and can track the number of car theft and break-ins per neighborhood. Demographics.

Insurance 137
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Give up those Measures and Metrics to Succeed – Really

Andrew White

The period was between 1961 and 2017, when Hong Kong grew from about a quarter as rich as the UK to almost 40%. If bureaucrats start to measure something, it won’t be long before they start to meddle in it. In data and analytics we all know the phrase, ‘you can’t manage what you don’t measure’. For example, GDP was not tracked.

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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

While we work on programs to avoid such inconvenience , AI and machine learning are revolutionizing the way we interact with our analytics and data management while increment in security measures must be taken into account. from 2017 , and this is one of the business analytics topics we will hear even more in 2020.

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INE Security Enables CISOs to Secure Board Support for Cybersecurity Training

CIO Business Intelligence

CISOs are increasingly anxious because while they realize the ax will fall on them when the inevitable breach occurs, securing boardroom support for heavy investment in preventative measures, like training, is challenging in a world where revenue is demanded for each dollar spent. “The million compared to those with lower levels.

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An Overview of Revenue Analytics for Event Industry

BizAcuity

This is resulting in the largest event management companies across this sector spending more than $43 billion on revenue analytics – which is a multi-dimensional and evolving field harnessing statistics, Artificial Intelligence and other tools to identify meaningful patterns in large data sets.

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UK’s new digital strategy promises change – will it deliver?

CIO Business Intelligence

As part of this mission, there’s a commitment that at least 50 of the government’s top 75 identified services across 14 departments will move to a “great” standard by 2025, against a “consistent measure of service performance”, although precisely how that will be measured has not been released. Better data to power decision making.

Strategy 105
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What Are ChatGPT and Its Friends?

O'Reilly on Data

All of these models are based on a technology called Transformers , which was invented by Google Research and Google Brain in 2017. Tokens ChatGPT’s sense of “context”—the amount of text that it considers when it’s in conversation—is measured in “tokens,” which are also used for billing. Tokens are significant parts of a word.

IT 348