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. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

IT 122

IT Insurance Consulting Risk 122

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. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

IT 105

IT Insurance Consulting Risk 105

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

APRIL 15, 2024

More insurers are using data analytics to streamline the process for worker's compensation claimants.

Data-driven 115

Data-driven Insurance Management Data Analytics 115

CIO Business Intelligence

MAY 17, 2023

The big picture : In the midst of a rush to technology modernization, it’s critical to ensure the organization’s data assets are not overlooked. Why it matters:  Data-driven business decisions must factor prominently in modernization efforts. The bottom line:  Don’t leave data behind.

Data-driven 110

Data-driven Strategy IT Insurance 110

Smart Data Collective

OCTOBER 13, 2020

Deloitte Analytics author Ashwin Patil recently talked about the incredible benefits of big data in the automotive sector. His article focused primarily on the applications of big data in auto manufacturing. “At However, there are plenty of other applications of big data after the manufacturing process is finished.

Data-driven 136

Data-driven Big Data Manufacturing Insurance 136

Smart Data Collective

AUGUST 4, 2022

However, there are some downsides to shifting towards a data-driven healthcare delivery model. One of the biggest issues is that the system can break down when healthcare organizations have trouble accessing data. Their data delivery models become disrupted, which hinders the entire organization.

Data-driven 130

Data-driven Modeling Cost-Benefit Big Data 130

Smart Data Collective

MAY 16, 2022

Big data is changing the future of the healthcare industry. Healthcare providers are projected to spend over $58 billion on big data analytics by 2028. Healthcare organizations benefit from collecting greater amounts of data on their patients and service partners. However, data management is just as important.

Data-driven 126

Data-driven Data Processing Insurance Big Data 126

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5 Here’s why.

Data-driven 128

Data-driven Cost-Benefit Data mining Big Data 128

CIO Business Intelligence

JANUARY 21, 2025

Whereas robotic process automation (RPA) aims to automate tasks and improve process orchestration, AI agents backed by the companys proprietary data may rewire workflows, scale operations, and improve contextually specific decision-making.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

JANUARY 5, 2025

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] AI in action The benefits of this approach are clear to see.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

Cloudera

AUGUST 12, 2021

In my previous blog post, I shared examples of how data provides the foundation for a modern organization to understand and exceed customers’ expectations. Collecting workforce data as a tool for talent management. Collecting workforce data as a tool for talent management. Data enables Innovation & Agility.

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

CIO Business Intelligence

JULY 31, 2023

Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. In his role, Vasagiri is responsible for the data and software assets deployed to Swiss Re’s clients, as well as the company’s overall data strategy.

Insurance 98

Insurance Strategy Data-driven Predictive Analytics 98

CIO Business Intelligence

JANUARY 21, 2025

AI systems can analyze vast amounts of data in real time, identifying potential threats with speed and accuracy. Companies like CrowdStrike have documented that their AI-driven systems can detect threats in under one second. Thats the potential of AI-driven automated incident response.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

Smart Data Collective

FEBRUARY 28, 2022

There is no question that advances in data technology have led to some major changes in the financial industry. A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. Data-Driven Strategies to prevent ACH Fraud.

Data-driven 122

Data-driven Strategy Big Data Cost-Benefit 122

CIO Business Intelligence

MARCH 4, 2025

As a business executive who has led ventures in areas such as space technology or data security and helped bridge research and industry, Ive seen first-hand how rapidly deep tech is moving from the lab into the heart of business strategy. Even terrestrial industries gain from enhanced communication and data from space.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Commercial Lines truly is an “uber industry” with respect to data. A Long, Long Time Ago.

Insurance 97

Insurance Risk Unstructured Data Data-driven 97

Bruno Aziza

NOVEMBER 11, 2018

Allstate is proving that an 87-year-old insurance company can adapt and compete on data and analytics.

Data-driven 107

Data-driven Insurance Analytics Big Data 107

Alation

APRIL 13, 2021

Much of his work focuses on democratising data and breaking down data silos to drive better business outcomes. In this blog, Chris shows how Snowflake and Alation together accelerate data culture. He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data.

Insurance 98

Insurance Data Governance Data-driven Data Quality 98

IBM Big Data Hub

DECEMBER 1, 2023

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.

Insurance 96

Insurance Digital Transformation Unstructured Data Risk 96

Smart Data Collective

JULY 26, 2023

Big data has become an invaluable aspect to most modern businesses. Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without.

Data-driven 97

Data-driven Management Big Data Sales 97

Corinium

APRIL 23, 2019

Ahead of the third Chief Data & Analytics Officer (CDAO) Singapore conference, we caught up with Melecio Valerio Jr, Head, Data Strategy and Governance at FWD Life Insurance to discuss the key strategies for managing massive volumes of data, the cornerstones for building a data driven enterprise as well as how to best roll out an enterprise-wide (..)

Enterprise 150

Enterprise Management Insurance Data-driven 150

CIO Business Intelligence

MAY 24, 2022

Data has always been fundamental to business, but as organisations continue to move to Cloud based environments coupled with advances in technology like streaming and real-time analytics, building a data driven business is one of the keys to success. There are many attributes a data-driven organisation possesses.

Data-driven 98

Data-driven Data Lake Data Warehouse Machine Learning 98

Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. One of the most important ways to utilize big data is with financial management. Data-driven financial management is likely more important than ever. This is where data analytics technology can become very important.

Data Analytics 137

Data Analytics Insurance Analytics Cost-Benefit 137

DataKitchen

OCTOBER 20, 2023

In today’s data-driven landscape, Data and Analytics Teams i ncreasingly face a unique set of challenges presented by Demanding Data Consumers who require a personalized level of Data Observability. Data Observability platforms often need to deliver this level of customization.

Insurance 169

Insurance Metadata Data-driven Data Quality 169

CIO Business Intelligence

JUNE 26, 2023

Transitioning to automated, data-driven processes is the best way for these companies to not only cope with change but also take advantage of it. Consumer banks can use digital interactions to gather more customer data and apply real-time analytics to expand services and speed up processes.

Data-driven 98

Data-driven Insurance Risk Risk Management 98

CIO Business Intelligence

MARCH 19, 2025

In October, Microsoft announced that 100,000 organizations including Standard Bank, Thomson Reuters, Virgin Money, and Zurich Insurance are using Copilot Studio, double the number just months earlier. If a customer asks us to do a transaction or workflow, and Outlook or Word is open, the AI agent can access all the company data, he says.

Software 143

Software Risk Enterprise Cost-Benefit 143

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

Cloudera

JUNE 13, 2023

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. The EBD platform supports more than 10 internal and customer-facing groups with their Data Operations and Data Discovery requirements.

Data-driven 77

Data-driven Analytics Big Data Insurance 77

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. A crucial decision is needed in many financial sectors. Detection and prevention of fraud.

Insurance 137

Insurance Machine Learning Cost-Benefit Data-driven 137

erwin

FEBRUARY 7, 2019

Organization’s cannot hope to make the most out of a data-driven strategy, without at least some degree of metadata-driven automation. The volume and variety of data has snowballed, and so has its velocity. So it’s safe to say that organizations can’t reap the rewards of their data without automation.

Metadata 96

Metadata Insurance Data-driven Cost-Benefit 96

O'Reilly on Data

OCTOBER 11, 2022

Some tasks should not be automated; some tasks could be automated, but the company has insufficient data to do a good job; some tasks can be automated easily, but would benefit from being redesigned first. Some of these data sources will be owned by the pharmacy; others aren’t. Most are subject to privacy regulations.

Data Integration 353

Data Integration Insurance Dashboards Data-driven 353

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

Rocket-Powered Data Science

FEBRUARY 12, 2021

Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

Smart Data Collective

OCTOBER 3, 2023

Healthcare providers are investing more heavily in big data technology, as they strive to deal with growing challenges such as declining operating margins and an increasingly complex regulatory environment. However, many healthcare providers lack the technology or knowledge to use data prudently.

Data Strategy 130

Data Strategy Strategy Insurance Data-driven 130

Smart Data Collective

NOVEMBER 17, 2021

Data analytics is becoming a crucial element of many business strategies. They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. However, other professions, such as musicians, are also relying more data analytics technology than ever.

Data Analytics 144

Data Analytics Analytics Advertising Data-driven 144

Birst BI

JANUARY 16, 2018

If you’re a business intelligence (BI) and analytics application user, it’s likely that “data-driven insight to the masses” will soon be top-of-mind. Some data discovery vendors tout that they already deliver “self-service to the masses,” but that’s a dubious claim. Machine learning will transform BI and analytics.

Data-driven 70

Data-driven Analytics Dashboards Machine Learning 70