CIO Business Intelligence

JULY 30, 2024

IT analyst Forrester listed gen AI for language and AI agents as two of its top 10 emerging technologies for 2024. In another example, Deutsche Telekom has used gen AI to improve its Frag Magenta AI assistant, and the company anticipates the chat assistant will be able to handle 38 million customer interactions each year.

Insurance 144

Insurance Machine Learning Interactive Finance 144

CIO Business Intelligence

SEPTEMBER 24, 2024

This is a significant change moment,” says Rich Wiedenbeck, CAIO of Ameritas, an insurance and financial services company headquartered in Lincoln, Nebraska. The life insurance industry has not been historically focused on pure efficiency, but the cost-per-unit concept is coming into the business.”

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

JULY 9, 2024

The year 2024 marks a pivotal period in Oman’s journey towards digital transformation, as the government sets ambitious targets to accelerate its Vision 2040 objectives. The Omani government aims to digitize a substantial portion of its administrative processes, making them more efficient, transparent, and accessible to citizens.

Digital Transformation 105

Digital Transformation Insurance Statistics Finance 105

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

Smart Data Collective

SEPTEMBER 9, 2020

By 2020, approximately a quarter of the global cars will be accessed through the internet (290 million automobiles), and by 2024, appliances and gadgets will use more than half of domestic web traffic. automated vehicles, for instance, might “interact” with each other which will help in preventing accidents.

Technology 139

Technology Data mining Insurance Machine Learning 139

CIO Business Intelligence

APRIL 5, 2024

The 118th session of Congress, covering 2023 and 2024, may end up as the least productive session in US history, with only 47 bills passed and becoming law between the beginning of 2023 and April 1 of this year. However, Congress, mired in partisan infighting, seems unlikely to move forward on serious AI legislation anytime soon.

Risk 132

Risk Insurance Interactive Strategy 132

CIO Business Intelligence

SEPTEMBER 18, 2024

Your laptop breaks down, you miss a flight, or you need to call an insurance company. AI is quickly transforming customer service, and it’s no longer just about mimicking human interactions — it’s about creating fair experiences that feel natural. We’ve all been there.

Interactive 128

Interactive Cost-Benefit Measurement Testing 128

CIO Business Intelligence

SEPTEMBER 11, 2024

Technology-related change, in fact, is the second most important business priority for CEOs after growth, according to Gartner’s 2024 CEO survey. Johnson says these interactions lead to new opportunities. So with this trend prompts the likelihood that high-profile CIOs will have increasingly better chances to become tomorrow’s CEOs.

Digital Transformation 122

Digital Transformation Technology Insurance Data-driven 122

CIO Business Intelligence

AUGUST 8, 2024

And gen AI spend will double in 2024 compared to 2023, IDC projects , and will reach $151 billion in 2027. DoIT also optimizes its LLM interactions to control the number of tokens. The more you can reduce interactivity the easier it is and the costs become more fixed.” It wasn’t giving us the lift we wanted.”

Cost-Benefit 140

Cost-Benefit Modeling Consulting Enterprise 140

IBM Big Data Hub

APRIL 18, 2024

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. 46% of survey respondents in 2024 showed a preference for open source models. Audio (56%) : Gen AI call centers with realistic audio assist customers and employees.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

bridgei2i

APRIL 13, 2020

billion by 2024 in the US. Computer Vision software is already being used by several industries across multiple domains spanning financial institutions, consumer packaged goods, insurance, etc. In general, the emerging global health crisis has necessitated a change in how even limited human interactions are evolving.

Insurance 52

Insurance Manufacturing Deep Learning Enterprise 52

FineReport

APRIL 9, 2024

Through interactive dashboards and graphical representations, clinicians can readily interpret complex data sets, driving timely interventions and adjustments to positively impact patient care. Quality assurance measures play a pivotal role in validating the accuracy and relevance of data utilized by BI tools.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. For example, when I want to insure some property and want to find out if the CEO has been involved in crime. There’s a lot of resistance and politics.

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

JULY 24, 2024

Late last year in California, for instance, a ChatGPT-powered chatbot promised a Chevrolet of Watsonville customer a 2024 Chevy Taho for $1, adding “and that’s a legally binding offer — no takesies backsies.” Whose interests is the chatbot putting first: the customer they’re interacting with or the company deploying the chatbot?

Risk 130

Risk Insurance Modeling Manufacturing 130

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. Finance & Insurance and Manufacturing dominate AI adoption: The Finance & Insurance (28.4%) and Manufacturing (21.6%) sectors generated the most AI/ML traffic.

Enterprise 110

Enterprise Insurance Data-driven Manufacturing 110

AWS Big Data

MAY 15, 2025

Open source engines such as Apache Spark are compatible with Apache Iceberg, and they can interact with RMS tables by conguring this Iceberg REST catalog. Conclusion In this post, we demonstrated how to use Apache Spark to interact with Amazon Redshift Managed Storage tables through Amazon SageMaker Lakehouse using the Iceberg REST catalog.

Management 110

Management Data Lake Data Warehouse Big Data 110

CIO Business Intelligence

DECEMBER 9, 2024

Likely use cases for agentic AI In practical applications, agentic AI is emerging in various fields such as autonomous vehicles, automated trading systems, and healthcare and natural sciences, where they will be programmed to perform tasks, make choices and interact with their environment in a way that mimics human agency.

Technology 98

Technology Insurance Interactive Reporting 98

CIO Business Intelligence

APRIL 23, 2025

For example, AI agents should be able to take actions on behalf of users, act autonomously, or interact with other agents and systems. Agentic AI can also enable more intuitive interactions, he says. And logging interactions and problems so that the company could assess what was going on in the entire system was also a challenge.

Interactive 127

Interactive Risk Cost-Benefit Modeling 127

CIO Business Intelligence

DECEMBER 3, 2024

Likely use cases for agentic AI In practical applications, agentic AI is emerging in various fields such as autonomous vehicles, automated trading systems, and healthcare and natural sciences, where they will be programmed to perform tasks, make choices and interact with their environment in a way that mimics human agency.

Technology 94

Technology Insurance Interactive Reporting 94

CIO Business Intelligence

FEBRUARY 7, 2025

Customer service Gene de Libero , Principal at Digital Mindshare LLC, stresses the value of AI in improving customer experience, both in personalizing customer interactions and in analyzing them. AI also enhances customer experience by analyzing interactions in real-time, enabling faster responses and personalized recommendations.

Insurance 93

Insurance Business Driver Unstructured Data Experimentation 93

CIO Business Intelligence

APRIL 28, 2025

For us its how do we bring things together so, when a client is interacting with us, we can intervene digitally [to help them] achieve their financial goals, he adds. Having that kind of polestar is vital for driving customer-centric solutions.

Strategy 119

Strategy IT Digital Transformation Recreation/Entertainment 119

CIO Business Intelligence

MARCH 12, 2025

Their business model stands and falls with the interaction of many data sources and services that are located in different clouds. It is useful, for example, when developing cloud applications in highly regulated industries such as banking and insurance, aerospace, utilities and automotive.

IT 90

IT Strategy Testing Software 90