CIO Business Intelligence

OCTOBER 30, 2024

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry. But adoption isn’t always straightforward.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

Cloudera

SEPTEMBER 7, 2023

The way to manage this is by embedding data integration, data quality-monitoring, and other capabilities into the data platform itself , allowing financial firms to streamline these processes, and freeing them to focus on operationalizing AI solutions while promoting access to data, maintaining data quality, and ensuring compliance.

Insurance 83

Insurance Risk Data-driven Finance 83

Cloudera

JULY 15, 2021

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. . At Cloudera, we believe in the untapped opportunity presented by data and AI, too.

Risk 100

Risk Optimization Management Insurance 100

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . million in insurance fraud in just 7 months. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

DataRobot Blog

JULY 21, 2022

Inquire whether there is sufficient data to support machine learning. Document assumptions and risks to develop a risk management strategy. Data aggregation such as from hourly to daily or from daily to weekly time steps may also be required. Perform data quality checks and develop procedures for handling issues.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

Smart Data Collective

SEPTEMBER 25, 2019

million penalty for violating the Health Insurance Portability and Accountability Act, more commonly known as HIPAA. If you trust the data, it’s easier to use confidently to make business decisions. Organizations receive significant fines for noncompliance.

Technology 102

Technology Statistics Strategy Insurance 102

AWS Big Data

AUGUST 14, 2023

For example, an insurance company with a property and casualty legal entity in North America and a life entity in Germany may need to implement DPPM separately within each entity. Organizational governance for these data products typically favors availability and data accuracy over agility.

Management 98

Management Risk Measurement Optimization 98