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 Modeling Data-driven 98

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

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

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

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 IT 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. Get the Right Insurance in Place.

Data Analytics 132

Data Analytics Insurance Analytics Cost-Benefit 132

Cloudera

SEPTEMBER 7, 2023

There’s also the risk of various forms of data leakage, including intellectual property (IP) as well as personally identifiable information (PII) especially with commercial AI solutions. That said, Generative AI and LLMs appear to do all of these things, producing original, “creative” outputs by learning from input data.

Insurance 88

Insurance Risk Data-driven Finance 88

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

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. In 2021, ANZ Bank unveiled its strategy to drive digital transformation, increase their speed to market and become more agile.

Data-driven 83

Data-driven Analytics Insurance Big Data 83

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

Cloudera

MAY 4, 2022

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. Among the benefits of AI-first strategies are: Operational efficiency. Such human frailties are not an issue for AI-driven systems.

Internet of Things 134

Internet of Things Cost-Benefit Insurance Data-driven 134

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 Cost-Benefit 150

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 82

Data-driven Management Big Data Sales 82

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

CIO Business Intelligence

NOVEMBER 27, 2024

By eliminating time-consuming tasks such as data entry, document processing, and report generation, AI allows teams to focus on higher-value, strategic initiatives that fuel innovation. Similarly, in 2017 Equifax suffered a data breach that exposed the personal data of nearly 150 million people.

Data Governance 132

Data Governance Risk Insurance Metadata 132

datapine

MAY 31, 2022

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. Security issues.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

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

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

TDAN

NOVEMBER 6, 2024

Climate change is no longer a distant threat, but a present reality that’s reshaping the insurance landscape across the United States. home insurance market is far more severe and widespread than previously thought, potentially affecting every homeowner in the […]

Insurance 52

Insurance Data-driven Risk Marketing 52

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.

Digital Transformation 128

Digital Transformation Insurance Interactive Sales 128

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

Cloudera

MARCH 25, 2021

Data privacy is an increasingly complex and contentious topic. The appropriate use of data and transparency to the potential uses of the data are at the center of debate amongst the largest Big Tech companies. . It won’t matter if you can collect social media data or geo location data, images, etc.

Data Strategy 69

Data Strategy Strategy Enterprise Insurance 69

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 297

Data Integration Insurance Dashboards Modeling 297

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. CMOs Are Investing in the Benefits of Big Data. The demand for data analytics technology in the marketing will continue to grow as more executives recognize its benefits. Social Media Marketing. Paid social media advertising.

Data Analytics 140

Data Analytics Analytics Advertising Big Data 140

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. Data Analytics is Helping Many Spotify Musicians Improve Their Reach.

Data Analytics 135

Data Analytics Analytics Advertising Data-driven 135

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. Collecting big amounts of data is not the only thing to do; knowing how to process, analyze, and visualize the insights you gain from it is key.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

CIO Business Intelligence

APRIL 22, 2024

Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them. Heeding the call for business-driven IT Scavuzzo is not alone in his quest to create a business-driven IT department.

IT 126

IT Data-driven Strategy Consulting 126

IBM Big Data Hub

JUNE 23, 2023

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.

Insurance 56

Insurance Cost-Benefit Digital Transformation Marketing 56

Smart Data Collective

AUGUST 30, 2020

One of the biggest changes of an age of technology, is the entrance of “big data” into the world, which got noticed, globally, around 2010. Co-founder and Co-director of the MIT Initiative on the Digital Economy, Andrew MacAfee once said, “The world is one big data problem.”. are still fighting the last war.

Big Data 144

Big Data Data-driven Insurance Marketing 144

CIO Business Intelligence

JUNE 22, 2023

Consulting In the consulting industry, technology has become an important tool for making decisions, designing solutions, improving processes, and providing insights on optimizing business strategy. It’s an industry that handles critical, private, and sensitive data so there’s a consistent demand for cybersecurity and data professionals.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

CIO Business Intelligence

FEBRUARY 13, 2023

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. On-prem infrastructure will grow cold — with the exception of storage, Nardecchia says.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

MARCH 31, 2022

The chief data officer (CDO) is a senior executive responsible for the utilization and governance of data across the organization. While the chief data officer title is often shortened to CDO, the role should not be confused with that of the chief digital officer , which is also frequently referred to as CDO.

Consulting 134

Consulting Data Strategy Strategy Data Governance 134

Cloudera

APRIL 27, 2022

This week I participated in an informative event that Cloudera hosted with TechCrunch: Data and the Culture Transformation. The conversations focused on how company data cultures are rapidly evolving and delivering new levels of value to businesses with the emergence of data ecosystems. One is the macro story, the big picture.

Insurance 105

Insurance Data-driven Data Processing Data Strategy 105

Smart Data Collective

MARCH 31, 2022

Consequently, this knowledge gap can affect the company’s efficiency unless the necessary steps are taken to prepare a counter-strategy. Smart accountants also recognize the need to leverage data science in their profession. Many new software applications use AI, such as SaaS and specialized financial modeling tools.

Machine Learning 121

Machine Learning Insurance Finance Cost-Benefit 121

CIO Business Intelligence

MARCH 12, 2024

Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits. Here are three strategies for getting it done. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

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. billion in the next two years. Fraud risks.

Data Analytics 127

Data Analytics Analytics Finance Data mining 127

Smart Data Collective

AUGUST 11, 2022

Data analytics technology has become very important for helping companies manage their financial strategies. There are many great benefits of using data analytics to improve financial management strategies. Many investors are using data analytics to invest in stocks. Determine the best payment terms for customers.

Data Analytics 127

Data Analytics Optimization Analytics Cost-Benefit 127