CIO Business Intelligence

MARCH 19, 2025

In October, Microsoft announced that 100,000 organizations including Standard Bank, Thomson Reuters, Virgin Money, and Zurich Insurance are using Copilot Studio, double the number just months earlier. That includes a couple of the major open source models, he says, because they offer privacy, cost advantages, and lower latency.

Software 143

Software Risk Enterprise Cost-Benefit 143

CIO Business Intelligence

DECEMBER 30, 2024

Plus, they can be more easily trained on a companys own data, so Upwork is starting to embrace this shift, training its own small language models on more than 20 years of interactions and behaviors on its platform. We have to look at how we interact with colleagues and how we interact with AI, he adds.

ROI 141

ROI Software Modeling Interactive 141

Cloudera

NOVEMBER 4, 2020

Insurance is no different. Insurance is not something the average consumer thinks about every day but when a life changing event happens, insurance becomes extremely important. It is in this “Moment of Truth” that insurers excel or fail. To provide the best price, the insurer needs to better understand their customer.

Insurance 116

Insurance Machine Learning Risk IoT 116

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Automated Customer Service & Chatbots. Detection and prevention of fraud.

Insurance 137

Insurance Machine Learning Cost-Benefit Data-driven 137

O'Reilly on Data

SEPTEMBER 19, 2023

” Each step has been a twist on “what if we could write code to interact with a tamper-resistant ledger in real-time?” Hadoop’s value—being able to crunch large datasets—often paled in comparison to its costs. This technique simulates interactions in a complex system. The elephant was unstoppable.

Machine Learning 339

Machine Learning Testing Modeling Cost-Benefit 339

IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.

Insurance 75

Insurance Predictive Modeling Cost-Benefit Statistics 75

Cloudera

MAY 4, 2022

AI has the potential to transform operations by improving three fundamental business requirements: process automation, decision-making based on data insights, and customer interaction. Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Error reduction. Workflow improvement.

Internet of Things 130

Internet of Things Cost-Benefit Insurance Data-driven 130

Smart Data Collective

JULY 8, 2021

Intuitively, this also means that consumers stand to benefit from advances in artificial intelligence as well. However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

datapine

OCTOBER 11, 2023

Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. Now, let’s look at some benefits to keep putting the power of warehouse key performance indicators into perspective. But how do you know which indicators to track?

Metrics 217

Metrics KPI Management Cost-Benefit 217

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. See IDC PlanScape: Unit-Based Costing to Optimize IT Performance for an exploration of how unit cost can be applied to digital products and services.)

IT 130

IT Insurance Cost-Benefit Risk 130

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

CIO Business Intelligence

SEPTEMBER 20, 2023

And they won’t be able to interact with customers. That makes the technology a great fit for customer service and support, which are typically challenged with making sense of mountains of unstructured data, from records of customer interactions to training videos. Which means that no model will have the power to make decisions.

Insurance 131

Insurance Unstructured Data Cost-Benefit Interactive 131

Smart Data Collective

MAY 11, 2023

Big Data is used more in property and casualty insurance than in other areas of actuarial practice. Health and life insurance have seen significant advances in Big Data use in recent years. While these are some of the most important benefits of big data in the banking sector, data technology can help in other useful ways.

Data mining 116

Data mining Big Data Sales Cost-Benefit 116

CIO Business Intelligence

OCTOBER 13, 2022

Rich Gilbert, who joined Aflac in 2019 as chief digital and information officer, now serves as its chief transformation officer and head of individual benefits. Insurance is an interesting business, because you’re not building something; you’re in business to fulfill a promise. The promotion and title are well deserved.

IT 128

IT Insurance Cost-Benefit Modeling 128

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. General Overview of the Benefits of AI in the Automotive Sector The market for AI in the automotive industry is booming.

Manufacturing 116

Manufacturing Cost-Benefit Machine Learning Optimization 116

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

MARCH 27, 2023

We will see a focus on making customer interactions easier to understand, resulting in less repetition of information and disconnects to create better bot experiences. Here’s an example of how this could work: A customer calls his car insurance company after being in a minor fender bender. For now, it’s “slow and steady wins the race.”

Interactive 116

Interactive Cost-Benefit Insurance Predictive Analytics 116

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. How is conversational AI different?

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

CIO Business Intelligence

AUGUST 8, 2024

Gen AI offers many opportunities to spend too much and get too little in return when, instead, companies can use their gen AI budgets more strategically, allowing them to reap more benefits from investments and pull ahead of their competitors. Last year, only 3% of respondents said that gen AI implementation cost was a concern.

Cost-Benefit 140

Cost-Benefit Modeling Consulting Enterprise 140

Smart Data Collective

MAY 30, 2019

We had interviewed experts from several major companies, including Frontier Communications on the benefits of these AI-driven tools. One thing is for sure – if you want to sell more on the Internet, handle more customers, save on personnel costs, you certainly need Chatbot. We made some impressive deductions.

Big Data 101

Big Data Machine Learning Insurance Data-driven 101

Smart Data Collective

JANUARY 7, 2022

Many major companies have already moved to the cloud and discovered the benefits of doing so. They might be skeptical of some of the benefits as well. 7 Benefits a cloud-based POS system can give your business in 2022. One of the biggest benefits of cloud technology is that is helps remove workloads from local servers.

Cost-Benefit 126

Cost-Benefit Sales Software Reporting 126

IBM Big Data Hub

JANUARY 18, 2024

Chatbot benefits for customers Your customers enjoy numerous benefits, many of which also benefit your company in return. AI analyzes customer interactions to provide recommendations and suggest next steps. Gone are the days of prompts like “Press 6 to connect to customer service.”

Cost-Benefit 85

Cost-Benefit Interactive Sales Insurance 85

CIO Business Intelligence

DECEMBER 1, 2023

IT leaders looking for a blueprint for staving off the disruptive threat of generative AI might benefit from a tip from LexisNexis EVP and CTO Jeff Reihl: Be a fast mover in adopting the technology to get ahead of potential disruptors. It was just staggering in terms of its capabilities.”

Cost-Benefit 128

Cost-Benefit Digital Transformation Machine Learning Deep Learning 128

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

AWS Big Data

JUNE 25, 2024

By eliminating the need for data replication, this integration improves efficiency and reduces costs while enabling real-time access to valuable business data. In this post, we explore the benefits of the new Zero Copy Data Federation and provide a step-by-step guidance to configure it in Salesforce Data Cloud. What is Amazon Redshift?

Data Lake 112

Data Lake Cost-Benefit Data-driven Data Warehouse 112

CIO Business Intelligence

AUGUST 21, 2024

When multiple independent but interactive agents are combined, each capable of perceiving the environment and taking actions, you get a multiagent system. The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

MARCH 15, 2023

Regardless of your company’s investment posture during this period of instability, interactions with the CFO have likely increased and become more consequential in the last few months. To effectively traverse these interactions, CIOs must start with empathy. Walk in the shoes of the CFO.

Uncertainty 98

Uncertainty Cost-Benefit Forecasting Insurance 98

CIO Business Intelligence

JUNE 2, 2022

The famed institution used the CRM capabilities of Microsoft Dynamics, which is part of the Microsoft Healthcare Cloud, to interact with patients and schedule appointments, Kull explains. Matthew Kull. Cleveland Clinic. The cloud also serves up analytic insights to guide banking staff in subsequent customer conversations.

Manufacturing 133

Manufacturing Interactive Cost-Benefit Marketing 133

CIO Business Intelligence

FEBRUARY 8, 2024

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. It’s important to consider the total cost of doing business with a vendor, Gilgour says.

Management 130

Management Scorecard Cost-Benefit Key Performance Indicator 130

Smart Data Collective

FEBRUARY 2, 2021

For businesses, the advent of Big Data offers several key benefits, including helping them with customer acquisition, lead generation, targeted marketing campaigns, identifying potential opportunities and challenges , and creating new products based on the needs of the market. The post What Are the Industries That Benefit Most from Big Data?

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

erwin

FEBRUARY 19, 2021

The Benefits of Metadata Management. With automation, data quality is systemically assured with the data pipeline seamlessly governed and operationalized to the benefit of all stakeholders. Greater productivity & reduced costs. The post 7 Benefits of Metadata Management appeared first on erwin, Inc.

Metadata 110

Metadata Management Data Quality Cost-Benefit 110

bridgei2i

FEBRUARY 24, 2021

In our latest episode of the AI to Impact podcast, host Monica Gupta – Manager of AI Actions, meets with Sunil Mudgal – Advisor, Talent Analytics, BRIDGEi2i, to discuss the benefits of adopting AI-powered surveillance systems in HR organizations. How, do you assess the impact of these costs on business outcomes? Subscribe Now.

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

CIO Business Intelligence

AUGUST 14, 2023

“It was more, ‘Let’s do this under the radar and prove out a couple of micro wins … and that will lead to more macro benefits.’ We want to move more toward value-based care, and we can do that with both larger and quick-hit projects like [EmmiJourneys] with relatively low overhead costs and risk,’’ he says.

IT 98

IT Insurance Digital Transformation Broadcasting 98

CIO Business Intelligence

SEPTEMBER 26, 2023

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. You must be able to see how systems are interconnected, how they interact, and the components within them.

IT 98

IT Insurance Cost-Benefit Strategy 98

Domino Data Lab

APRIL 17, 2019

At Domino , we work with data scientists across industries as diverse as insurance and finance to supermarkets and aerospace. If you consider the total cost of building and running a given application or data pipeline, you’ll realize there are two major factors. The first is the cost of research and development. Introduction.

Machine Learning 87

Machine Learning Software Cost-Benefit Interactive 87

CIO Business Intelligence

APRIL 18, 2024

In a large organization with thousands of developers and applications, teams don’t get the benefits of scale when they have a bunch of different platforms. Think about how people interact with businesses, government agencies, schools, and even their hobbies and entertainment.

Cost-Benefit 105

Cost-Benefit Software Recreation/Entertainment Insurance 105

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52