CIO Business Intelligence

DECEMBER 2, 2024

Jitender Durairajan, Head Cloud Engineering & Solutions at Sify Technologies, believes it is imperative for businesses to carefully consider who they partner with in their digital transformation journey. He points to IDC’s research on hybrid and multicloud management as a case in point.

Digital Transformation 102

Digital Transformation Technology Insurance Manufacturing 102

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

DECEMBER 20, 2022

But succeeding in the cloud can be complex, and CIOs have continued to fumble their cloud strategies in 2022 in a variety of ways, industry observers say. These three are still a work in progress,” says McGlennon, adding that every mistake identified and fixed leads to a healthier cloud transformation.

Strategy 119

Strategy Insurance Digital Transformation Consulting 119

Rocket-Powered Data Science

FEBRUARY 12, 2021

Consequently, as organizations everywhere are undergoing significant digital transformation, we have been witnessing increases both in the use of RPA in organizations and in the number of RPA products in the market. IA refers to the addition of “intelligence” to the RPA – transforming it into “smart RPA” or even “cognitive RPA”. (AAI)

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

CIO Business Intelligence

JUNE 6, 2024

In striking this balance, digital and technology leaders have long optimized for cost, but so rapidly is business evolving that many of them are reconsidering that approach. From 2011 to 2023, Perkins led technology in various senior-level roles for global property and casualty group Zurich Insurance.

Strategy 122

Strategy IT Cost-Benefit Digital Transformation 122

bridgei2i

MAY 4, 2020

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

Insurance 95

Insurance Enterprise Sales Digital Transformation 95

CIO Business Intelligence

JULY 22, 2024

He worked with one insurance company that in 2023 made such a move, driven specifically by the desire to have a firm hold on its regulated data, for example. Chege, now CEO and principal consultant of Digital Transformation Experts, says he has worked with other companies that have made similar moves.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

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. According to Nationale-Nederlanden deputy general manager and CTO David Vaquero, the company’s digital transformation and evolution is continuous.

Digital Transformation 128

Digital Transformation Insurance Interactive Sales 128

bridgei2i

NOVEMBER 25, 2020

Automated Sales & Underwriting Strategies can Transform Insurance. One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. Images 1: Challenges before insurance industry in the post-Corona world.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

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.

IT 122

IT Insurance Consulting Risk 122

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. In days ahead, digital transformation will be the saviour and guide of the industry.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Alation

NOVEMBER 4, 2022

In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business. What does it mean to undergo a digital transformation? At its core, digital transformation is simply incorporating digital technology into one’s business.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. Nonetheless, the firm faces “mid-three-digit” exposures from other event cancellations. The insurance industry —which, in the US alone, accounts for $1.2 Rise in Claim backlogs/ Rejections.

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

Cloudera

APRIL 7, 2021

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

Insurance 60

Insurance Digital Transformation Internet of Things IoT 60

CIO Business Intelligence

MAY 24, 2024

The elevation of the CIO position seemed to begin during the COVID-19 remote work era, but has sped up in the post-COVID years , with ongoing digital transformation efforts and questions about the best uses of AI, says Buccola, formerly a CIO for about 20 years at PE-backed firms.

Insurance 111

Insurance Digital Transformation Strategy Marketing 111

CIO Business Intelligence

AUGUST 14, 2024

My approach has been around having a clear two-year strategy, and allowing room for that to pivot and evolve as needed.” O’Sullivan spoke with Desai about many things, including aligning digital initiatives with the business strategy, and how the organization is modernizing its data platform and mental health services.

Digital Transformation 115

Digital Transformation Strategy Advertising Technology 115

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.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

JULY 17, 2024

Pioneering digital leaders help organizations make the most out of emerging technologies, but to be successful, they must keep up with the fast pace of change and deliver the right solutions at the right time, and at the right cost. These capabilities make digital leaders well placed to lead large-scale change projects.

Digital Transformation 132

Digital Transformation Technology Cost-Benefit Insurance 132

Cloudera

DECEMBER 11, 2020

COVID-19 has forced virtually every industry to embrace an acceleration in digital capabilities. While it can be argued that digital transformation was already underway; it’s hard to dispute that it has accelerated in recent months. Insurance and finance are two industries that rely on measuring risk with historical data models.

Insurance 100

Insurance Digital Transformation Unstructured Data Machine Learning 100

Alation

JULY 26, 2021

Beginning a digital transformation journey in a big organization can feel daunting. During my time as a data specialist at American Family Insurance, it became clear that we had to move away from the way things had been done in the past. About American Family Insurance. American Family Insurance, or AmFam, is a U.S.-based

Insurance 98

Insurance Digital Transformation Enterprise Data Governance 98

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 69

Data Strategy Strategy Enterprise Insurance 69

CIO Business Intelligence

JANUARY 19, 2023

As companies shift their focus from the digital transformation of individual processes to the business outcomes enabled by a digitally transformed organisation, software engineering will become a core enterprise capability.

Software 137

Software Enterprise Digital Transformation Insurance 137

CIO Business Intelligence

NOVEMBER 16, 2023

In a career spanning such companies as IBM, KeyCorp, M&T Bank, and BMO, she has “answered the call” many times, most recently as CIO of The Hartford, where she is responsible for the overall strategy, vision, and execution of business technology, cyber, data analytics, and data science. Can you expand on that?

Insurance 128

Insurance Enterprise Risk Digital Transformation 128

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. Doing so requires a robust data management strategy.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

NOVEMBER 8, 2023

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

IT 124

IT Insurance Machine Learning Cost-Benefit 124

CIO Business Intelligence

JUNE 22, 2023

While Silicon Valley still pays top dollar for IT pros, the war for talent has moved beyond the technology industry, with other verticals vying for talented IT workers who have the skills to enable digital transformation, process improvement, change management, and the development of apps and services.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

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

CIO Business Intelligence

JANUARY 11, 2023

Responding to both old and new challenges, IT leaders must reassess their business and technology strategies and, when necessary, realign them to address rapidly evolving business and economic concerns. At Schneider Electric, we’re focused on transforming our sales tracking processes as well as HR,” Hackenson says.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

CIO Business Intelligence

JANUARY 29, 2024

With IT increasingly driving new initiatives in concert with key business partners, there’s opportunity for technology leaders to nurture an organizational identity that keeps everyone razor-focused on digitally transforming the business in pursuit of strategic goals. Patience and staying power on strategy is really key.”

IT 128

IT Insurance Digital Transformation Technology 128

CIO Business Intelligence

FEBRUARY 16, 2024

Today, it is not enough just to innovate within one’s own vertical; to truly exploit the power of GenAI to transform workflows and drive competitive advantage, CIOs need to look outside their own organizations to get the scale, domain expertise, and speed required to develop fully integrated solutions.

Strategy 138

Strategy Insurance Digital Transformation Enterprise 138

CIO Business Intelligence

MARCH 18, 2024

We’re at a critical time for digital transformation. Digital operational resilience testing : Sets out guidance for testing of existing recovery strategies to identify potential vulnerabilities. While it’s an EU policy with ramifications for EU businesses, the impact will undoubtedly affect businesses worldwide.

Risk Management 120

Risk Management Insurance Risk Testing 120

CIO Business Intelligence

FEBRUARY 16, 2024

Vipul Nagrath, who was global CIO of ADP during the company’s early embrace of the cloud, spearheaded ADP’s companywide digital transformation, which started in earnest five years ago fueled by the company’s hybrid cloud. There’s a brand-new wave of digital transformation that’s coming,” he says.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

MAY 8, 2024

On behalf of insurance carriers, pharmacy benefit managers, and other healthcare payers, Expion negotiates prices with pharmacies and medical practices based on volume discounts and other factors. Automation, and generative AI in particular, can transform the insurance industry, he adds.

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

CIO Business Intelligence

MARCH 31, 2022

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. To date, many of those appointments have been concentrated in the insurance, banking, media and entertainment, retail, and IT/technology verticals.

Consulting 134

Consulting Data Strategy Strategy Data Governance 134

CIO Business Intelligence

FEBRUARY 23, 2024

Generative AI takes a front seat As for that AI strategy, American Honda’s deep experience with machine learning positions it well to capitalize on the next wave: generative AI. The key to a successful AI strategy, in part, is the quality and cleanliness of both structured and unstructured data, he says.

IT 122

IT Manufacturing Unstructured Data Strategy 122

CIO Business Intelligence

MARCH 22, 2022

With more and more companies undertaking the journey of digital transformation, the role of the CIO has become critical. He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

FEBRUARY 21, 2024

The company was in the final stages of refreshing our business strategy; in September 2021, we spun off from Prudential plc to become an independent public company. Our strategy was to accelerate our core competencies to position ourselves and our brand in the market. What is the strategy you eventually developed?

Scorecard 105

Scorecard Insurance Strategy Digital Transformation 105