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The Role and Importance of Data Collection in Healthcare

Smart Data Collective

Unfortunately, big data is useless if it is not properly collected. Every healthcare establishment needs to make data collection a top priority. Big Data is Vital to Healthcare. The digital revolution has exponentially increased our ability to collect and process data. Guide Decision Making.

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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Marital status. Occupation. Type of Vehicle.

Insurance 137
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How Insurers Evaluate Data and Incorporate it Into their Business Model

Smart Data Collective

One of the industries most affected by data technology has been the insurance sector. In order to appreciate the role of big data in insurance, it is necessary to look at its historical context. Insurance may sound like a boring business, but in reality, it is the most interesting part of the economy.

Insurance 133
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Outdated business apps can cloud your AI vision

CIO Business Intelligence

The data retention issue is a big challenge because internally collected data drives many AI initiatives, Klingbeil says. With updated data collection capabilities, companies could find a treasure trove of data that their AI projects could feed on. of their IT budgets on tech debt at that time.

Insurance 108
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Rethinking informed consent

O'Reilly on Data

The problems with consent to data collection are much deeper. It comes from medicine and the social sciences, in which consenting to data collection and to being a research subject has a substantial history. But what about the insurance companies? They get the data, and they can repackage and exchange it.

Insurance 247
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Innovating the Insurance Customer Experience

Decision Management Solutions

There is a common high-level customer journey for insurance customers. Here at Decision Management Solutions we’ve helped insurance carriers in the US and Asia develop innovative approaches to developing and delivering NBO/NBA initiatives. By: Zoe Zhou. The customer researches providers and policy options.

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Deep tech disruption: How advanced technologies are transforming businesses

CIO Business Intelligence

Satellite technology: Rapid growth in satellite constellations benefits telecom (remote connectivity), insurance and agriculture (high-resolution crop monitoring and disaster assessment). Even terrestrial industries gain from enhanced communication and data from space. A major stumbling block is often quality data collection.