CIO Business Intelligence

MARCH 19, 2025

Mark Brooks, who became CIO of Reinsurance Group of America in 2023, did just that, and restructured the technology organization to support the platform, redefined the programs success metrics, and proved to the board that IT is a good steward of the dollar. One significant change we made was in our use of metrics to challenge my team.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

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

Occam's Razor

JANUARY 4, 2016

They make silly user experience decisions (Searching for car insurance options? The specific metric I've been mad about since day one of this blog ( May 14th, 2006! ) Metrics create incentives, bad metrics create bad incentives. Combine Results / Metrics Performance. #5. Sucks to be you Visitor!).

Metrics 89

Metrics Analytics Cost-Benefit Key Performance Indicator 89

Jet Global

AUGUST 17, 2020

A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Internally, companies use financial metrics to evaluate prospective investments and track internal performance from a financial perspective.

Finance 98

Finance Metrics Key Performance Indicator KPI 98

CIO Business Intelligence

JANUARY 7, 2025

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. As organizations increasingly migrate to the cloud, however, CIOs face the daunting challenge of navigating a complex and rapidly evolving cloud ecosystem.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

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

MAY 28, 2022

As the Boston-based insurance company’s journey to the cloud has unfolded, it has also maintained a select set of datacenters from which to run legacy applications more economically than they would on the cloud, as well as software from vendors that make licensing on the cloud less attractive. The benefits of a solid cloud foundation.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

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

Smart Data Collective

MAY 16, 2022

AI can analyze data from a variety of sources to help businesses determine which benefits and salary levels will be most appealing to potential employees. In this blog post, we will discuss how AI is being used to create optimal employee compensation packages and the benefits this technology can offer your business.

Cost-Benefit 134

Cost-Benefit Machine Learning Advertising Marketing 134

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. Understand the cost.

Cost-Benefit 98

Cost-Benefit Insurance Metrics Reporting 98

Jet Global

SEPTEMBER 29, 2020

A retail Key Performance Indicator (KPI) or metric is a clearly defined and quantifiable measure that can be used to assess the performance of a retail business. These performance metrics can be used in a variety of ways. Cost of Goods Sold (COGS) – How much did your merchandise cost you? What is a Retail KPI?

Metrics 64

Metrics Reporting KPI Sales 64

Smart Data Collective

SEPTEMBER 21, 2022

Both are viable methods of IT staffing augmentation; deciding which to use is usually a function of the following metrics: Decide On The Budget. If you have a choice of whether to outstaff or outsource, then you may want to pay more attention to the other metrics below. Education is a cost that many companies do not consider.

Software 129

Software Cost-Benefit Metrics Insurance 129

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. Vendor partnerships are becoming increasingly vital to IT agendas today.

Management 130

Management Scorecard Cost-Benefit Key Performance Indicator 130

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

CIO Business Intelligence

AUGUST 28, 2023

While multi-cloud promises limitless opportunities, without proper management, costs and complexity can escalate quickly. South African insurance provider, Discovery Holdings, doesn’t just protect people. Implementing VMware Aria Cost powered by CloudHealth was a game changer in our multi-cloud strategy,” says Marais.

Cost-Benefit 103

Cost-Benefit Insurance Risk Management 103

Occam's Razor

APRIL 30, 2018

I cannot stress enough that these results can be positive (for the ad business and, in this case, the sales of insurance products). Blasting ads on TV does cause a teeny tiny micro percentage to buy insurance – a fact provable via Matched Market Tests, Media Mix Models. For entirely understandable reasons. Why not global maxima?

Advertising 118

Advertising Metrics Measurement Insurance 118

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

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

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives.

Data Governance 145

Data Governance IT Data Lake Risk 145

CIO Business Intelligence

MAY 27, 2022

As the Boston-based insurance company’s journey to the cloud has unfolded, it has also maintained a select set of datacenters from which to run legacy applications more economically than they would on the cloud, as well as software from vendors that make licensing on the cloud less attractive. The benefits of a solid cloud foundation.

Insurance 98

Insurance Machine Learning Digital Transformation Cost-Benefit 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

O'Reilly on Data

FEBRUARY 20, 2024

From that perspective, we want to dive into how we believe companies need to think about AI adoption and how their implementation of AI needs to work for the benefit of all three constituencies. This is where the modern version of “enclosure” takes place: in minimizing labor cost to maximize short-term value and executive salaries.

Insurance 285

Insurance Modeling Technology Reporting 285

CIO Business Intelligence

AUGUST 21, 2024

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. 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.

Risk 136

Risk Insurance Cost-Benefit Software 136

Jet Global

OCTOBER 5, 2021

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. Research has shown that the most effective KPI programs have a holistic approach and include metrics from all sectors of a business.

Metrics 52

Metrics Reporting KPI Measurement 52

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

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 track and report the impact of these metrics on key business outcomes?

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. The calculation methodology and query performance metrics are similar to those of the preceding chart. The query to generate this chart has similar performance metrics as the preceding chart.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

Occam's Razor

JULY 15, 2014

It also handy explanations of the metrics, with key context where necessary. These will sound like: Metric x is down because of our inability to take advantage of trend y and hence I recommend we do z. For example if we implement SEO strategies for Ohio Health Care and Ohio Health Insurance keywords, what outcomes can we expect?

Dashboards 160

Dashboards Key Performance Indicator Snapshot Slice and Dice 160

Occam's Razor

FEBRUARY 3, 2014

All of it is your existing content, so very low cost to your company in this step. At a low cost. Liberty Mutual Insurance has videos about The Responsibility Project. For display ads, standard web analytics metrics apply: Click-through rate, % Assists (this is glorious!), I'm not a fan of compound metrics.

Marketing 151

Marketing Analytics Advertising Measurement 151

CIO Business Intelligence

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them.

IT 126

IT Data-driven Strategy Consulting 126

AWS Big Data

AUGUST 21, 2024

This post also includes example SQLs, which you can run on your own Redshift Serverless data warehouse to experience the benefits of this feature. By moving the slider, you can choose between optimized for cost, balanced performance and cost, or optimized for performance. Balanced – Offers balance between performance and cost.

Optimization 104

Optimization Data Lake Data Warehouse Cost-Benefit 104

CIO Business Intelligence

JANUARY 23, 2023

While it’s common for others in the C-suite to take on so-called plus-roles, the CIO has historically worn multiple hats without the benefit or glory of a formal title marking their expanded terrain. Any CIO gunning for a plus-role needs to be well versed in the metrics and models that move the needle on business outcomes. “If

Digital Transformation 145

Digital Transformation Technology Management Data-driven 145

AWS Big Data

AUGUST 13, 2024

One of the core benefits of organizing entities as domain units is to enable search and self-service access across various domain units. Examples of child domain units include insurance and payer relations. Sales – Sales process, key performance indicators (KPIs), and metrics.

Data Governance 119

Data Governance Metadata Enterprise Sales 119

Sisense

NOVEMBER 5, 2020

Every company has implemented some application designed to improve employee experience, training and development, performance, benefits and compensation, and more. Those that are “more mature in workforce metrics are more likely to be effective at sensing internal and external changes and trends,” according to Deloitte.

People Analytics 85

People Analytics Analytics Metrics Digital Transformation 85

Jet Global

MAY 18, 2022

Whether you work in a hospital, long-term care facility, clinical lab, or a HealthTech company, all workers in the healthcare sector today are focused on value-based care and cost efficiencies. A single investment in embedded analytics reaps a multitude of benefits, both inside and outside the medical facility. 1: Patient Portal.

Enterprise 52

Enterprise Analytics Operational Reporting Insurance 52