CIO Business Intelligence

JANUARY 21, 2025

CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns. CIOs should consider placing these five AI bets in 2025.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

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

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

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. There are risks around hallucinations and bias, says Arnab Chakraborty, chief responsible AI officer at Accenture.

Software 143

Software Risk Enterprise Cost-Benefit 143

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. The takeaway is clear: embrace deep tech now, or risk being left behind by those who do.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

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

Cloudera

NOVEMBER 4, 2020

Insurance is no different. Insurance is not something the average consumer thinks about every day but when a life changing event happens, insurance becomes extremely important. It is in this “Moment of Truth” that insurers excel or fail. To provide the best price, the insurer needs to better understand their customer.

Insurance 116

Insurance Machine Learning Risk IoT 116

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

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Data-driven Risk 105

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

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

AUGUST 20, 2024

They will be handing over customer data to AI companies that reserve the right to use it for their own purposes,” Fernandes says. BloomScale AI, through the AI-driven call center, will allow the company to retrain its seven-member inbound customer support team to focus on sales, creating more revenue opportunities.

Risk 131

Risk Cost-Benefit Insurance ROI 131

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

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 100

Risk Optimization Management Insurance 100

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

O'Reilly on Data

OCTOBER 22, 2020

Understanding the company’s true purpose unlocks the business model and sheds light on what is useful to do with the data. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models. banking, insurance, etc.), How did you obtain your training data?

Consulting 363

Consulting Risk Cost-Benefit Modeling 363

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

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

DataRobot Blog

APRIL 29, 2022

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses.

Risk 111

Risk Modeling IT Risk Management 111

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

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. Client Risk Profile Categorization. A crucial decision is needed in many financial sectors.

Insurance 137

Insurance Machine Learning Cost-Benefit Data-driven 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

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 98

Risk Broadcasting Dashboards Recreation/Entertainment 98

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

Cloudera

SEPTEMBER 7, 2023

With AI, financial institutions and insurance companies now have the ability to automate or augment complex decision-making processes, deliver highly personalized client experiences, create individualized customer education materials, and match the appropriate financial and investment products to each customer’s needs.

Insurance 83

Insurance Risk Data-driven Finance 83

CIO Business Intelligence

JANUARY 9, 2025

With data central to every aspect of business, the chief data officer has become a highly strategic executive. Todays CDO is focused on helping the organization leverage data as a business asset to drive outcomes. Even when executives see the value of data, they often overlook governance.

Risk 90

Risk Business Driver Data-driven Strategy 90

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 Insurance Big Data 77

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

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Insurance 128

Insurance Digital Transformation Interactive Sales 128

Cloudera

APRIL 20, 2022

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 101

Insurance Measurement Data Lake Risk 101

Smart Data Collective

NOVEMBER 1, 2020

Advances in big data are a double-edged sword in the fight against online scams and data breaches. The reason for this is that both cybersecurity professionals and cybercriminals are using data technology to their full advantage. Data Analytics is the First Line of Defense Against Online Criminals. An estimated 54.6%

Data Analytics 130

Data Analytics Analytics Big Data Data-driven 130

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Data analytics can even help them prepare for financial disasters. Fraud risks. billion in the next two years.

Data Analytics 131

Data Analytics Analytics Finance Data mining 131

CIO Business Intelligence

OCTOBER 25, 2022

Not only are traditional financial services companies using data and technology to change the game, a plethora of “FinTech” startups are using digital products to dislodge traditional players. He shares his insight, expertise, and experiences in helping financial services firm become data-driven. This podcast features Peter Ku.

Insurance 119

Insurance Data Architecture Data-driven Interactive 119

CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

Smart Data Collective

NOVEMBER 3, 2021

We have talked extensively about the role of AI in investment management and insurance. In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. In fact, AI is the basis for the sudden boom in Fintech. Digital banking market.

Software 138

Software Data-driven Interactive Insurance 138

erwin

APRIL 11, 2019

Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. A number of high-profile data breaches and scandals have increased public awareness of the issue.

Insurance 100

Insurance Data-driven Data Governance Metadata 100

Smart Data Collective

MARCH 31, 2022

Smart accountants also recognize the need to leverage data science in their profession. Provide employees with access to the appropriate AI-driven tools, so that they can become more productive with their time. This will help reduce the risk of costly mistakes.

Machine Learning 131

Machine Learning Insurance Finance Cost-Benefit 131