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Combating Fraud in Insurance with Data

Cloudera

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

Insurance 101
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Express Cloudera POV on 2021 data trends in insurance

Cloudera

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105
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Key Strategies and Senior Executives’ Perspectives on AI Adoption in 2020

Rocket-Powered Data Science

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical. anticipate cutting jobs.

Strategy 198
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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Data analytics and data science are closely related.

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Building a culture of data-driven decisions and insights with IBM Business Analytics

IBM Big Data Hub

Most recently we held an event at the IBM Data and AI Forum in Germany ( available on demand here ) where we shared the latest news in our business analytics portfolio. With IBM Business Analytics Enterprise, users discover and access analytics and planning tools in a streamlined experience.

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What is a chief data officer? A leader who creates business value from data

CIO Business Intelligence

To date, many of those appointments have been concentrated in the insurance, banking, media and entertainment, retail, and IT/technology verticals. CDOs are responsible for areas such as data quality, data governance , master data management , information strategy, data science , and business analytics. Carruthers agrees.

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7 famous analytics and AI disasters

CIO Business Intelligence

Organizations across every industry have been and continue to invest heavily in data and analytics. But like oil, data and analytics have their dark side. According to CIO’s State of the CIO 2022 report, 35% of IT leaders say that data and business analytics will drive the most IT investment at their organization this year.

Analytics 145