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Data Driven Digital Transformation

Corinium

Over the last few years, there has been a lot of focus on Digital Transformation, which is not a new concept. In the last decade or so, the focus was on paperless offices, work place mobility, which is what I would classify as Digitization. The diagram above, shows these three components of the digital transformation.

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Allstate’s cloud-first approach to digital transformation pays off

CIO Business Intelligence

Most companies’ digital journeys begin by migrating legacy applications to the cloud — the theory being that lifting and shifting workloads can provide a fast onramp to making good on services and capabilities unique to the cloud. But home and automobile insurance company Allstate is taking a different approach.

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How generative AI delivers value to insurance companies and their customers

IBM Big Data Hub

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

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What Is Digital Transformation?

Alation

In business, data-based goals tend to be very tangible. Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business.

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Intelligent Operations: The engine behind Digital Transformation

bridgei2i

Intelligent Operations: The engine behind Digital Transformation. The moment of truth in an insurance relationship a customer has with an insurer is when s/he submits a claim and then waits, with bated breath, for the settlement. This moment of truth is now getting shifted irremovably. Author: Prithvijit Roy.

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The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

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ANZ Bank’s Advances Data-Driven Analytics With Cloudera

Cloudera

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. In 2021, ANZ Bank unveiled its strategy to drive digital transformation, increase their speed to market and become more agile.