CIO Business Intelligence

MARCH 4, 2025

From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. Operational efficiency: Logistics firms employ AI route optimization, cutting fuel costs and improving delivery times. Crucially, the time and cost to implement AI have fallen.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

datapine

AUGUST 19, 2020

Inventory metrics are indicators that help you monitor, measure, and assess your performance – and thus, give you some keys to optimize your processes as well as improve them. Among other things, they help in improving on-time deliveries, in reducing operating costs, in increasing customer satisfaction, or in optimizing transport.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Smart Data Collective

MARCH 28, 2019

The life insurance industry will soon undergo a dramatic transformation in response to advances in big data. A number of insurance executives have been reluctant to embrace the changes of big data. One study found that 74% of respondents felt that the insurance industry had done an inadequate job addressing the need for big data.

Insurance 104

Insurance Big Data Cost-Benefit Consulting 104

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. Let’s dive in with the definition.

Metrics 217

Metrics KPI Management Cost-Benefit 217

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

APRIL 23, 2024

One meaning: initiatives that, as outlined above, have potential benefit but a high probability of failure. You can choose to not charter a risky initiative, ignoring and eschewing its potential benefits. Which is to say if your preventive measures work, you’ll be found guilty of having cried wolf — of inflating the risk.

Risk 116

Risk IT Insurance Risk Management 116

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 135

Insurance Cost-Benefit Measurement Data Processing 135

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

FEBRUARY 27, 2023

Italian insurer Reale Group found itself with four cloud providers running around 15% of its workloads, and no clear strategy to manage them. “It That’s according to a new study of enterprise cloud usage by 451 Research, which also looked at what enterprises are running across multiple public clouds, and how they measure strategy success.

Cost-Benefit 143

Cost-Benefit Insurance Enterprise Optimization 143

O'Reilly on Data

OCTOBER 22, 2020

banking, insurance, etc.), It’s also a good indirect measure of training data quality: a team that does not know where their data originated is likely to not know other important details about the data as well. What’s the cost of doing nothing? What costs do you incur, what exposures do take on now?

Consulting 358

Consulting Risk Cost-Benefit Modeling 358

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

Jet Global

JUNE 5, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful.

Insurance 59

Insurance Metrics Reporting KPI 59

Smart Data Collective

JANUARY 19, 2023

Are you looking for a way to reduce the cost of your development efforts? The cost savings associated with DevOps on the cloud are significant. By leveraging existing cloud-based services, businesses can save time and money by avoiding costly IT overhead costs like maintenance, licensing fees, and server infrastructure setup.

Optimization 124

Optimization Cost-Benefit Software Measurement 124

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Data-driven 150

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

JANUARY 8, 2024

“As we head into the new year, CIOs and other IT leaders will need to understand how innovation can disrupt the business from both an internal and external perspective and make decisions with measured risk taking and a strong focus on priority outcomes.” As AI continues to redefine work, its benefits are already becoming clear.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

JANUARY 4, 2023

billion, with up to $1 billion of those costs being shouldered by the company in the fourth quarter of 2023. Salesforce said these costs consist of up to $1.4 In a filing with the Securities and Exchange Commission on Wednesday, the company disclosed that its restructuring plan calls for the company to incur charges between $1.4

IT 115

IT Cost-Benefit Insurance Measurement 115

Smart Data Collective

NOVEMBER 12, 2021

Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. However, there are a lot of other benefits of big data that have not gotten as much attention. Control Operational Costs. Here’s why.

Data-driven 128

Data-driven Cost-Benefit Data mining Big Data 128

CIO Business Intelligence

APRIL 28, 2022

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. This clear example helps teams know how to measure the benefits of the automation project from the start, keeping the team on track and focused on achieving a specific goal. .

Cost-Benefit 98

Cost-Benefit Insurance Metrics Reporting 98

Jet Global

APRIL 14, 2021

A healthcare Key Performance Indicator (KPI) or metric is a well-defined performance measure that is used to observe, analyze, optimize, and transform a healthcare process to increase satisfaction for both patients and healthcare providers alike. This modern healthcare metric measures the utilization of advanced equipment at your facility.

Metrics 98

Metrics Reporting KPI Insurance 98

CIO Business Intelligence

MAY 29, 2024

Nevertheless, Koushik and many other technologists argue that AI’s benefits far outweigh its ever-growing carbon footprint, which may not be the case for other energy-hungry applications, such as cryptocurrencies. AI will benefit humanity in many ways,” says Koushik. This allows them to weigh the costs and benefits.

Cost-Benefit 108

Cost-Benefit Measurement Reporting Modeling 108

Cloudera

NOVEMBER 16, 2022

Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. Some examples provided across the financial services and insurance sessions included: Related to the focus on business impacts were discussions on how to measure the value enabled by the data office.

Insurance 81

Insurance Cost-Benefit Metrics Measurement 81

Smart Data Collective

JULY 19, 2021

One way that many people benefit from data analytics technology is that it can help them when they need to access financial services. They can use AI tools to figure out their chances of getting approved for a financial application, such as a loan or insurance policy. If the website asks for money upfront, avoid it at all costs!

Data Analytics 137

Data Analytics Data mining Analytics Analytics Technologies 137

CIO Business Intelligence

JANUARY 11, 2023

As the economic pendulum shifts to cost control, CIOs will have to find ways to continue achieving the same results but with less margin for error,” he notes. CIOs will be looking to rationalize their technology estate to reduce unnecessary cost and maintenance, and to minimize their security attack surface and privacy exposure.”

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

CIO Business Intelligence

JULY 24, 2024

Meanwhile, efforts to re-engineer these models to perform specific tasks with retrieval augmented generation (RAG) frameworks or customized small language models can quickly add complexity, significant cost, and maintenance overhead to the AI initiative. Our insurance LLM model, for example, the model contains two billion tokens for training.

Modeling 75

Modeling Insurance Cost-Benefit Unstructured Data 75

CIO Business Intelligence

NOVEMBER 10, 2022

This decision (layoffs) was based on cost-reduction initiatives intended to reduce operating expenses and sharpen Zendesk’s focus on key growth priorities,” the company wrote in the SEC filing. Out of the total estimated cost, the company expects to incur $8 million in the fourth quarter of 2022.

Cost-Benefit 98

Cost-Benefit Insurance Software Finance 98

Smart Data Collective

SEPTEMBER 16, 2022

One of the biggest benefits of big data in healthcare has been in the field of virtual healthcare. Big data makes it easier for doctors to leverage the benefits of healthcare apps. Now that you understand the benefits of using big data in virtual healthcare, you might want to visit some of the benefits of telemedicine.

Big Data 124

Big Data Cost-Benefit IoT Consulting 124

Occam's Razor

APRIL 30, 2018

The teams naturally gravitate towards optimization and measurement that spans their individual mini-universes. I cannot stress enough that these results can be positive (for the ad business and, in this case, the sales of insurance products). Second, trapped in the silo the vision for what will be measured and deemed as success.

Advertising 118

Advertising Metrics Measurement Insurance 118

CIO Business Intelligence

SEPTEMBER 18, 2024

Your laptop breaks down, you miss a flight, or you need to call an insurance company. CIOs, as well as CTOs, should advocate for measuring how humane their AI-powered services are because, typically, we’re more prone to improving what we decided to measure, Jain adds. We’ve all been there.

Interactive 128

Interactive Cost-Benefit Measurement Testing 128

Smart Data Collective

JANUARY 12, 2022

Companies in the financial sector aren’t the only ones discovering the benefits of using data analytics for financial management. Data Analytics Brings Many Benefits to Small Businesses Facing Financial Challenges. Personal loans, business loans, credit cards, and insurance premiums all have a dependence on your credit score.

Data Analytics 131

Data Analytics Analytics Finance Data mining 131

CIO Business Intelligence

AUGUST 21, 2024

It wasn’t just a single measurement of particulates,” says Chris Mattmann, NASA JPL’s former chief technology and innovation officer. “It It was many measurements the agents collectively decided was either too many contaminants or not.” They also had extreme measurement sensitivity. That’s the most difficult thing,” he says.

Risk 136

Risk Insurance Cost-Benefit Software 136

Smart Data Collective

SEPTEMBER 28, 2022

Big data management has many benefits. For example, if you have employees working in multiple countries or locations, data management would help ensure that everyone is provided equal access to the same benefits and compensation packages. We hope this article has helped you understand the benefits of big data management.

Big Data 126

Big Data Management Data Quality Cost-Benefit 126

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs. Why is data interoperability an imperative?

Cost-Benefit 95

Cost-Benefit Insurance Unstructured Data Consulting 95

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit Digital Transformation ROI 138

Smart Data Collective

JULY 9, 2023

We mentioned that many big businesses have moved to the cloud , but smaller businesses are benefiting from it as well. Industries like automotive, healthcare, education, insurance, real estate, and hospitality can directly benefit from cloud computing solutions.

Cost-Benefit 98

Cost-Benefit Risk Measurement Software 98

Cloudera

MAY 6, 2021

In this article, I will be focusing on the contribution that a multi-cloud strategy has towards these value drivers, and address a question that I regularly get from clients: Is there a quantifiable benefit to a multi-cloud deployment? Infrastructure Cost Optimization. Germany (Primary Market) . North America (US East Region).

Strategy 92

Strategy Cost-Benefit Optimization Risk 92