CIO Business Intelligence

MAY 1, 2024

And commercial insurance is a vertical Docugami CEO Jean Paoli says has been an early adopter, including statements of value, certificates of insurance, as well as policy documents with renewal dates, penalties, and liabilities. I can see this as a productivity capability and an efficiency improvement for my workforce,” she says.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

DECEMBER 11, 2024

Across industry verticals, healthcare and life science lead the way with 38% of companies having either integrated or transformative approaches to AI, followed by insurance and banking with 37% and 30% respectively. Issues around data governance and challenges around clear metrics follow the top challenge areas.

ROI 59

ROI Experimentation Insurance Strategy 59

AWS Big Data

AUGUST 29, 2023

In the past, customers had to monitor resource usage metrics to make sure that the collections did not deplete their configured storage and computational capacity. The compute capacity used for data ingestion, and search and query in OpenSearch Serverless is measured in OpenSearch Compute Units (OCUs).

Insurance 98

Insurance Big Data Metrics Business Intelligence 98

Jet Global

OCTOBER 5, 2021

KPIs help the business successfully pursue its goals. How to Identify the Right Pharmaceutical Metrics. A good KPI program doesn’t need a large quantity of metrics. It needs a dedicated team that diligently tracks and reviews a few vital metrics. Most businesses operate this way.

Metrics 52

Metrics Reporting KPI Measurement 52

AWS Big Data

JULY 25, 2023

It automatically provisions and intelligently scales data warehouse compute capacity to deliver fast performance, and you pay only for what you use. Just load your data and start querying right away in the Amazon Redshift Query Editor or in your favorite business intelligence (BI) tool. Open the workgroup you want to monitor.

Metrics 98

Metrics Data Warehouse Dashboards Snapshot 98

CIO Business Intelligence

JANUARY 7, 2025

It prevents vendor lock-in, gives a lever for strong negotiation, enables business flexibility in strategy execution owing to complicated architecture or regional limitations in terms of security and legal compliance if and when they rise and promotes portability from an application architecture perspective.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

Jet Global

JULY 8, 2020

A distribution Key Performance Indicator (KPI) or metric is a measure that a company in the distribution sector uses to monitor its performance and efficiency. These metrics help companies identify areas of operational success and failure through measuring specific quantifiable aspects of their business.

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52

AWS Big Data

DECEMBER 4, 2024

config('spark.sql.catalog.spark_catalog.rest-metrics-reporting-enabled','false').getOrCreate() Raj provided technical expertise and leadership in building data engineering, big data analytics, business intelligence, and data science solutions for over 20 years prior to joining AWS. #Replace with AWS account ID. S3FileIO').config('spark.hadoop.fs.s3a.aws.credentials.provider','org.apache.hadoop.fs.s3a.SimpleAWSCredentialProvider').config('spark.sql.catalog.spark_catalog.rest-

Data Lake 116

Data Lake Metadata Insurance Data-driven 116

CIO Business Intelligence

MARCH 12, 2024

Even if these events don’t occur, what kinds of premiums are you likely to pay your corporate and cyber-liability insurers when they read your latest audit reports and see you haven’t updated your disaster recovery plan or invested in hardening your network security for over two years? The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

Birst BI

OCTOBER 30, 2018

This data retrieval and summarization capability gave rise to what we now know as the business intelligence industry. Today, the most common usage of business intelligence is for the production of descriptive analytics. . Identify the metric you want to influence through predictive analytics.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

CIO Business Intelligence

APRIL 29, 2022

Define the appropriate formats, tools, and metrics for AI-centric data as early as possible, preventing the need to reconcile multiple data approaches as AI scales. Set policy guardrails that include mandatory minimums about ‘data fitness’ for AI, to protect against bias, mislabelling, or irrelevance.

Data Governance 145

Data Governance IT Risk Data Lake 145

CIO Business Intelligence

MAY 27, 2022

Liberty Mutual’s cloud infrastructure runs an array of business applications and analytics dashboards that yield real-time insights and predictions, as well as machine learning models that streamline claims processing. Here, McGlennon says governing controls, instrumentation, and observability metrics are key.

Insurance 98

Insurance Machine Learning Digital Transformation Cost-Benefit 98

CIO Business Intelligence

FEBRUARY 8, 2024

In addition, vendor evaluations should include such basics as vetting the vendor’s experience, reputation, financial status, and so on, says Brooke Vemuri, vice president of business transformation and engineering at insurance firm Legal & General America. Go into vendor selection thinking about your short-term and long-term goals.

Management 130

Management Scorecard Cost-Benefit Key Performance Indicator 130

Birst BI

JANUARY 16, 2018

When you hear the words “artificial intelligence,” (AI) what’s the first thing you think of: robots doing backflips , Alexa , medical diagnostic innovations or something else? If you’re a business intelligence (BI) and analytics application user, it’s likely that “data-driven insight to the masses” will soon be top-of-mind.

Data-driven 70

Data-driven Analytics Dashboards Machine Learning 70

CIO Business Intelligence

APRIL 28, 2022

This is a key metric where the economic value of automation should be easy to calculate, simple to define and easily understood within the organization. For example, an insurance company may want to increase claim automation rates or operational first pass rates from 55% to 75% within the calendar year.

Cost-Benefit 98

Cost-Benefit Insurance Metrics Reporting 98

AWS Big Data

FEBRUARY 1, 2024

In this post, we provide a solution architecture that describes how you can process data from three different types of sources—streaming, transactional, and third-party reference data—and aggregate them in Amazon Redshift for business intelligence (BI) reporting.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

AUGUST 21, 2024

Our goal is to analyze logs and metrics, connecting them with the source code to gain insights into code fixes, vulnerabilities, performance issues, and security concerns,” he says. Insurance company Aflac is one company making sure this is the case to maintain human oversight over the AI, instead of letting it act completely autonomously.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

AUGUST 28, 2023

South African insurance provider, Discovery Holdings, doesn’t just protect people. Discovery Holdings also offers financial services such as online and investment banking, medical aid, car and home insurance, and travel services to customers worldwide. It actively encourages customers to make healthier decisions to promote wellness.

Cost-Benefit 103

Cost-Benefit Insurance Risk Management 103

AWS Big Data

AUGUST 6, 2024

Business metrics – Providing KPIs, scorecards, and business-relevant benchmarks. million events per second, and analyzing over 10,000 business metrics across over 50,000 dimensions. Anomaly detection – Identifying outliers or unusual behavior patterns.

OLAP 110

OLAP Analytics Visualization Dashboards 110

Juice Analytics

MARCH 11, 2021

3) That’s where our data visualization and user experience capabilities helped them turn this data into a web-based analytical tool that focused users on the metrics and peer groups they cared about. The most important factor in turning a concept into a business is a quality product manager.

Predictive Modeling 128

Predictive Modeling Visualization Reporting Interactive 128

AWS Big Data

MARCH 14, 2024

We stood up a standalone Prometheus server that scraped metrics from MSK clusters and sent them to our internal observability tool. Raj provided technical expertise and leadership in building data engineering, big data analytics, business intelligence, and data science solutions for over 18 years prior to joining AWS.

Management 126

Management Insurance Optimization Strategy 126

Decision Management Solutions

NOVEMBER 13, 2018

80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. Insurance companies, like other companies, want their analytics investments to be strategic – to have a strategic impact.

Insurance 40

Insurance Analytics Modeling Visualization 40

CIO Business Intelligence

APRIL 5, 2022

An agreement on these metrics is required to make tradeoff decisions. In thinking about business continuity, it is best to be proactive rather than reactive. In planning this out, you need to think about: What is your RTO (Recovery Time Objective) and RPO (Recovery Point Objective) when an incident does happen?

Management 122

Management Testing Insurance Metrics 122

CIO Business Intelligence

MARCH 26, 2024

After all, says Michael Corrigan, CIO of World Insurance, “It can be more challenging to work with, or manage a third-party that is providing higher-end skills like AI/data science if you don’t have the internal IT resources with the knowledge or expertise to hold that third-party accountable.” Double down on vendor management.

Recreation/Entertainment 124

Recreation/Entertainment Data Science Metrics Consulting 124

CIO Business Intelligence

MAY 31, 2022

Anthem taps RPA, AI in digital transformation push : Health insurance company Anthem is using BPM and RPA to balance data center workloads to make IT operations nimbler. BPM vs. RPA.

Enterprise 104

Enterprise Management Interactive Software 104

CIO Business Intelligence

JANUARY 23, 2023

CIOs’ expanding remit Hill was recruited to MSC specifically for the newly created role, which merged the different business functions into a digital organization better equipped to operate and scale at the pace of modern business.

Digital Transformation 145

Digital Transformation Technology Management Data-driven 145

Octopai

MAY 13, 2020

Talent retention isn’t the only result of good onboarding, especially in the complex world of business intelligence. Each data system has its own metrics that new employees must familiarize themselves with. Effective onboarding produces more capable employees and does so in a shorter period of time.

Metadata 52

Metadata Business Intelligence Visualization Insurance 52

CIO Business Intelligence

OCTOBER 13, 2022

If well aligned, such IT projects can even help generate new business opportunities, he says. ROI and Metrics

ROI 132

ROI IT Sales Consulting 132

CIO Business Intelligence

MAY 16, 2022

ITIL 4 contains seven guiding principles that were adopted from the most recent ITIL Practitioner Exam, which covers organizational change management, communication, and measurement and metrics. Nationwide Insurance achieved a 40% reduction in system outages and estimates a $4.3 How does ITIL reduce costs?

IT 105

IT Cost-Benefit ROI Risk 105

CIO Business Intelligence

MAY 29, 2024

You don’t need GPT-4 to do claims adjudication in an insurance setting,” says Koushik. It’s important for CIOs to have metrics on the CO2 emission for a given application,” says Sundberg. Ultimately enterprises will have to measure energy consumption — and that might be on a per-query basis, where the smaller models do much better.

Cost-Benefit 108

Cost-Benefit Measurement Reporting Modeling 108

CIO Business Intelligence

MAY 16, 2023

The industries these decision-makers represented include insurance, banking, healthcare and life sciences, government, entertainment, and energy in the U.S. The listening centered on conversations about emerging technologies and use cases associated with innovation, such as artificial intelligence, metaverse, blockchain, robotics, Web 3.0,

Advertising 105

Advertising Recreation/Entertainment Experimentation Data Collection 105

CIO Business Intelligence

APRIL 19, 2022

When customers are comparing order fulfillment metrics as a performance indicator, they’re using Amazon’s next day, free-of-charge delivery as the benchmark, not the industry median performance.

Digital Transformation 78

Digital Transformation Data mining Insurance Strategy 78

AWS Big Data

FEBRUARY 28, 2023

Amazon Redshift is a fully managed, petabyte-scale, massively parallel data warehouse that makes it fast, simple, and cost-effective to analyze all your data using standard SQL and your existing business intelligence (BI) tools. It helps you see your mission-critical metrics at different aggregation levels in a single pane of glass.

Online Analytical Processing 97

Online Analytical Processing OLAP Slice and Dice Analytics 97

CIO Business Intelligence

MARCH 19, 2024

Lynch is among them, for “failure to meet agreed performance goals, including financial metrics.” Hewlett-Packard’s insurance will pay out $100 million to those who purchased HP shares between Aug. Whitman hires PricewaterhouseCoopers to investigate. Meanwhile, Whitman announces the lay-off of 27,000 HP workers to cut costs.

Software 105

Software Sales Unstructured Data Enterprise 105

Alation

MAY 31, 2023

Four fantastic Alation customers will be joining us to share their stories: Electronic Arts (EA), Thermo Fisher Scientific, Lincoln Financial Group, and American Family Insurance (AmFam). Anil Kumar Kunden helps define, build, and monitor the company’s governance automation initiative at American Family Insurance. The best part?

Data Governance 52

Data Governance Insurance Metadata Data-driven 52

CIO Business Intelligence

APRIL 22, 2024

She has modernized operations and internal application infrastructure to ensure her tech team can be responsive to business and customer-facing needs.

IT 126

IT Data-driven Strategy Consulting 126

AWS Big Data

MARCH 7, 2023

It includes business intelligence (BI) users, canned and interactive reports, dashboards, data science workloads, Internet of Things (IoT), web apps, and third-party data consumers. You can collect metrics and events and analyze them for operational efficiency. However, you aren’t limited to only these services.

Analytics 96

Analytics Data Warehouse Data Lake Metadata 96