IBM Big Data Hub

MAY 28, 2024

While every data protection strategy is unique, below are several key components and best practices to consider when building one for your organization. What is a data protection strategy? Why it’s important for your security strategy Data powers much of the world economy—and unfortunately, cybercriminals know its value.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

OCTOBER 17, 2024

Liberty Dental Plan insures about 7 million people in the United States as a dental insurance company. And over time I have been given more responsibility on the operations side: claims processing and utilization management, for instance, both of which are the key to any health insurance company (or any insurance company, really).

Management 111

Management Insurance ROI Cost-Benefit 111

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

CIO Business Intelligence

APRIL 12, 2022

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. In addition, they faced an onslaught of claims and initial uncertainty about cost and payments for antibody testing, evolving treatments, and, later, vaccines.

Insurance 52

Insurance Technology Management Cost-Benefit 52

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. 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. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smart Data Collective

FEBRUARY 28, 2022

A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. In this article, we highlight the benefits of ACH payments and strategies that involve using big data to combat ACH fraud. Benefits of ACH payments.

Data-driven 99

Data-driven Strategy Big Data Cost-Benefit 99

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 91

Strategy Cost-Benefit Optimization Risk 91

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

CIO Business Intelligence

SEPTEMBER 20, 2023

With 90 years of history, Mapfre is one of the giants of the Spanish insurance sector. And in charge of the group’s technological strategy and digitalization processes is global CIO Vanessa Escrivá. This is a strategy of some complexity, based on three pillars: digitalization, insurance platform as a service, and data.

Modeling 98

Modeling Insurance IT Cost-Benefit 98

CIO Business Intelligence

NOVEMBER 8, 2023

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

IT 124

IT Insurance Machine Learning Cost-Benefit 124

Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. This is a testament to the amazing benefits it provides for companies in all sectors. Of course, in an ideal world, these changes would only benefit you, but as you will likely be aware, that simply isn’t the case.

Data Analytics 125

Data Analytics Insurance Analytics Cost-Benefit 125

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 But now that the immediate necessity of the switch to remote operations and remote management has passed, enterprises are seeking other benefits as they build their multicloud environments.

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

CIO Business Intelligence

NOVEMBER 19, 2024

They understand that their strategies, capabilities, resources, and management systems should be configured to support the enterprise’s overarching purpose and goals. Recognize IT and business are inseparable IT and business strategies are now fully intertwined, observes Jay Upchurch, EVP and CIO at analytics vendor SAS.

IT 108

IT Strategy Consulting Business Objectives 108

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. Insurance: You know how this plays out.

Risk 115

Risk IT Insurance Risk Management 115

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. Using OCR: the benefits for your business.

Data-driven 137

Data-driven Data Quality Optimization Insurance 137

CIO Business Intelligence

MARCH 12, 2022

A well-establish, well-executed employee retention strategy is a key competitive differentiator, as a company’s ability to hold on to its talent — especially in tight hiring markets — has profound ramifications for its ability to operate at a high level, without the disruptions that employee turnover bring. “We Engage your workers.

Strategy 128

Strategy Cost-Benefit Enterprise Management 128

CIO Business Intelligence

OCTOBER 10, 2024

If they dump a pilot that’s not meeting expectations too soon, they may miss out on huge benefits down the line, but if they hang on too long, they can waste huge amounts of time, money, and resources. On the one side, Forrester recently warned organizations not to look for AI ROI too soon, because they could miss out on AI’s benefits.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

CIO Business Intelligence

OCTOBER 3, 2024

CIOs of many of the largest banks, financial firms, and insurance giants will likely continue to rely on big iron for the foreseeable future — especially if additional AI capabilities on the mainframe reduce their inclination to re-platform on the cloud. “If billion in 2015 to less than $6.5

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

NOVEMBER 11, 2024

Research firm IDC projects worldwide spending on technology to support AI strategies will reach $337 billion in 2025 — and more than double to $749 billion by 2028. This is the easiest way to start benefiting from AI without needed the skills to develop your own models and applications.”

ROI 136

ROI Cost-Benefit Experimentation Risk 136

Cloudera

MAY 4, 2022

When a company embraces an AI-first strategy , it makes a conscious decision to transform itself today and set itself up for ongoing innovation and adaptation in the future. . Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. The future is now.

Internet of Things 129

Internet of Things Cost-Benefit Insurance Data-driven 129

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. Doing so requires a robust data management strategy.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

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

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 119

Optimization Cost-Benefit Software Measurement 119

CIO Business Intelligence

APRIL 28, 2022

For automation projects to be a success, business leaders must sell the project internally, including selling the strategy to organizational leaders and the associated teams charged with implementation. Understand the cost. Of course, understanding all of the cost implications of an automation project is critical.

Cost-Benefit 98

Cost-Benefit Insurance Metrics Software 98

IBM Big Data Hub

APRIL 10, 2024

In fact, 83% of IT executives feel that modernization is central to their organization’s strategy, but only 27% say their organizations have modernized the requisite workflows (including applications, data and underlying systems). For example, the cost of the technical debt in US was $1.52 Executives know they must modernize.

Cost-Benefit 88

Cost-Benefit Software Risk Marketing 88

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 102

Cost-Benefit Insurance Risk Management 102

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. I also speak strategy, so I can communicate with our board. What we do is present it to the claims adjuster and customer care agent and reveal the probability of benefits.

IT 128

IT Insurance Cost-Benefit Modeling 128

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. Ensure their services and future services align with your strategy,” Vemuri says. “Go

Management 130

Management Scorecard Cost-Benefit Key Performance Indicator 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

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. Benefits for your company AI chatbots respond quickly, accurately process natural human language and automate personalized experiences, offering numerous benefits and new opportunities to your organization.

Cost-Benefit 85

Cost-Benefit Interactive Sales Insurance 85

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. As I mentioned earlier, protecting your systems must involve both offensive and defensive strategies.

IT 98

IT Insurance Cost-Benefit Strategy 98

Smart Data Collective

MAY 10, 2022

You should notice that many companies outsource their customer support to other countries with lower wages to cut costs. Doing so saves time for the agent and customer and reduces cost. There are a few dedicated marketplaces for buying automated trading strategies, e.g., the MQL5 Marketplace. Cybersecurity. from 2022 to 2027.

Marketing 115

Marketing Technology Insurance Machine Learning 115

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

CIO Business Intelligence

APRIL 20, 2023

Food and water insecurity will increase, and energy systems, housing stock, insurance, and currency markets will all become more volatile—a worrying set of scenarios for business leaders and boards. They can cut costs and generate additional revenue streams.” This will have a knock-on environmental benefit.

Consulting 105

Consulting Insurance Cost-Benefit Finance 105

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128