CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Nimesh Mehta might not have millions of followers on social media, yet he still considers himself an influencer.

Digital Transformation 130

Digital Transformation Strategy Technology Enterprise 130

CIO Business Intelligence

JULY 30, 2024

Many of the AI use cases entrenched in business today use older, more established forms of AI, such as machine learning, or don’t take advantage of the “generative” capabilities of AI to generate text, pictures, and other data. IT analyst Forrester listed gen AI for language and AI agents as two of its top 10 emerging technologies for 2024.

Insurance 144

Insurance Machine Learning Interactive Finance 144

CIO Business Intelligence

JANUARY 7, 2025

Otherwise, companies will struggle to realize business value with AI/ML capabilities left to endure high cloud cost expenses, as it has been for many companies in 2024 for AI solutions. The first three considerations are driven by business, and the last one by IT.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

MARCH 12, 2024

Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits. The average cost of a data breach is $4.64 In 2024, LinkedIn surveys show that half of all Americans want to change jobs.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

SEPTEMBER 10, 2024

One such area that’s getting more thought today is SaaS backup and recovery, something many CIOs have to date taken for granted, leaving it to their SaaS vendors to not only deliver better than five-nines uptime but also be the sole entities backing up and recovering SaaS-siloed data that is increasingly vital to companies’ data-driven operations.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

APRIL 22, 2024

Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them. Heeding the call for business-driven IT Scavuzzo is not alone in his quest to create a business-driven IT department.

IT 126

IT Data-driven Strategy Consulting 126

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

Ontotext

JANUARY 29, 2024

In 2023, data leaders and enthusiasts were enamored of — and often distracted by — initiatives such as generative AI and cloud migration. I expect to see the following data and knowledge management trends emerge in 2024. However, organizations need to be aware that these may be nothing more than bolted-on Band-Aids.

Strategy 52

Strategy Management Metadata Data-driven 52

AWS Big Data

JANUARY 30, 2023

Many customers need an ACID transaction (atomic, consistent, isolated, durable) data lake that can log change data capture (CDC) from operational data sources. There is also demand for merging real-time data into batch data. The Delta Lake layer ensures ACID compliance of the source data.

Insurance 98

Insurance Data Lake Data-driven Analytics 98

AWS Big Data

AUGUST 21, 2024

The current scaling approach of Amazon Redshift Serverless increases your compute capacity based on the query queue time and scales down when the queuing reduces on the data warehouse. In this post, we describe how Redshift Serverless utilizes the new AI-driven scaling and optimization capabilities to address common use cases.

Optimization 108

Optimization Data Lake Data Warehouse Cost-Benefit 108

CIO Business Intelligence

SEPTEMBER 11, 2024

As the guardians of enterprise IT, CIOs must understand how digital and data can spur growth, and then relay this insight to the board. Technology-related change, in fact, is the second most important business priority for CEOs after growth, according to Gartner’s 2024 CEO survey.

Digital Transformation 122

Digital Transformation Technology Insurance Data-driven 122

CIO Business Intelligence

AUGUST 1, 2023

The impact of generative AIs, including ChatGPT and other large language models (LLMs), will be a significant transformation driver heading into 2024. With users across the organization clamoring to leverage generative AI capabilities as part of their daily activities, priority No.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Data Science 98

CIO Business Intelligence

SEPTEMBER 18, 2024

Your laptop breaks down, you miss a flight, or you need to call an insurance company. On top of that, 38% identified transparency around how AI uses their data as one of the top three concerns customers have today, while 55% strongly agree that data privacy and security are major concerns for customers. We’ve all been there.

Interactive 128

Interactive Cost-Benefit Measurement Testing 128

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Ontotext

APRIL 3, 2024

Joseph Hilger : People are starting to understand that knowledge graphs are not just a tool for storing data and information. I need something that defines what those entities are and can align them with the data.” The other use case where graphs are exploding is what Gartner calls a data fabric. What are your thoughts about it?

Technology 45

Technology Risk Digital Transformation Measurement 45

CIO Business Intelligence

AUGUST 7, 2024

The following 10 award-winning projects showcase the impressive power of IT in the enterprise today and the ingenuity of modern CIOs and their teams, serving as representatives for the cohort of 2024 honorees. The end result, completed in early 2024 and now fully operational, is the data center EMR mirrored in cloud infrastructure.

IT 119

IT Insurance Cost-Benefit Testing 119

CIO Business Intelligence

MARCH 4, 2025

As a business executive who has led ventures in areas such as space technology or data security and helped bridge research and industry, Ive seen first-hand how rapidly deep tech is moving from the lab into the heart of business strategy. Even terrestrial industries gain from enhanced communication and data from space.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

Rita Sallam

APRIL 2, 2023

We explored these questions and more at our Bake-Offs and Show Floor Showdowns at our Data and Analytics Summit in Orlando with 4,000 of our closest D&A friends and family. The first featured analytics and BI platform Gartner Magic Quadrant leaders while the other showcased high interest data science and machine learning platforms.

Optimization 52

Optimization Machine Learning Insurance Data Science 52

Jet Global

MARCH 4, 2024

The CSRD and the ESRS will be implemented in 4 stages, the first of which will enter into force in 2025 and will apply to the financial year 2024. Phase Effective Date Scope Reporting Requirement Deadline 1 January 1, 2024 Companies subject to the NFRD, including large non-EU companies (>500 employees) listed in the EU.

Reporting 52

Reporting Management Cost-Benefit Publishing 52

CIO Business Intelligence

MARCH 25, 2025

5 key findings: AI usage and threat trends The ThreatLabz research team analyzed activity from over 800 known AI/ML applications between February and December 2024. of AI/ML transactions were blocked, signaling concerns over data security and the uncontrolled use of AI applications. Here are the notable findings: 1.

Enterprise 110

Enterprise Insurance Data-driven Manufacturing 110

CIO Business Intelligence

MARCH 13, 2025

For us, that means remembering our core mission: providing risk management and insurance solutions to our customers in a way that helps them protect their businesses and families. Thats the mindset we need to bring into every business, whether were selling insurance, financial services, or something else entirely.

Insurance 124

Insurance Risk Management Risk Technology 124

AWS Big Data

MAY 15, 2025

Data environments in data-driven organizations are changing to meet the growing demands for analytics , including business intelligence (BI) dashboarding, one-time querying, data science , machine learning (ML), and generative AI. Amazon SageMaker Unified Studio , Amazon EMR 7.5.0 and higher, and AWS Glue 5.0

Management 104

Management Data Lake Data Warehouse Big Data 104

CIO Business Intelligence

DECEMBER 17, 2024

year-over-year growth in 2024. Additionally, GenAI can generate insights from energy consumption data, factoring in elements such as weather and economic activity to boost operational efficiency. Many are turning to cloud technologies for their scalability, real-time data access, and collaboration capabilities.

Data-driven 124

Data-driven Reporting Data Collection Insurance 124

CIO Business Intelligence

NOVEMBER 18, 2024

Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.

IT 134

IT Insurance Strategy Technology 134

CIO Business Intelligence

FEBRUARY 5, 2025

Being strategic about AI and measuring whether those investments are paying off requires clear goals, reliable data, and collaboration challenges many organizations struggle to overcome. Also in 2024, 42% of companies reported that their gen AI initiatives have yet to deliver meaningful results.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117

CIO Business Intelligence

MARCH 7, 2025

One data point presented at the event showed that 62% of business leaders from large organizations expressed confidence in their growth prospects (Capgemini Research Institute). Industries like telecom, media, high-tech, life sciences, and insurance are particularly affected. Enhance customer experience through AI and data analytics.

Insurance 91

Insurance Strategy Digital Transformation Marketing 91

CIO Business Intelligence

FEBRUARY 12, 2025

According to ITICs 2024 Hourly Cost of Downtime Survey , 90% of mid-size and large enterprises face costs exceeding $300,000 for each hour of system downtime. The patchwork nature of traditional data management solutions makes testing response and recovery plans cumbersome and complex.

Enterprise 76

Enterprise Management Data-driven Insurance 76