CIO Business Intelligence

MARCH 19, 2025

This can cause risk without a clear business case. For example, at RGA, we can create a solution leveraging a fine-tuned large language model by infusing our clients data with our own, and then upsell their customers with new insurance products reinsured by RGA. Thats gen AI driving revenue. Thats a critical piece.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

CIO Business Intelligence

MAY 1, 2024

Pilots can offer value beyond just experimentation, of course. McKinsey reports that industrial design teams using LLM-powered summaries of user research and AI-generated images for ideation and experimentation sometimes see a reduction upward of 70% in product development cycle times.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation. Where will the biggest transformation occur first?

Insurance 89

Insurance Experimentation Finance Data Governance 89

CIO Business Intelligence

APRIL 24, 2024

“What I’ve always tried to do is go where the energy and value is, and find the one or two willing partners in the business who want to start something and make it big,” says Christopher Paquette, chief digital transformation officer at Allstate Insurance. A CFO would just say to wait and see what the risks are,” he says.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? The last time I had to deal with an insurance issue, I’m not sure I ever talked to a human, even after I asked to talk to a human. What Are the Risks? Copyright violation is another risk. But the result was…OK.

IT 344

IT Modeling Testing Risk 344

CIO Business Intelligence

JULY 27, 2023

“Our approach is one of cautious interest,” says Robert Pick, executive vice president and CIO for Tokio Marine North America, a multinational insurance provider with headquarters in Japan. While Pick is encouraging employees at the insurance company to experiment, he insists their activities be monitored. “In

IT 98

IT Insurance Strategy Risk 98

CIO Business Intelligence

SEPTEMBER 30, 2024

It is one of the few midsize companies with Federal Risk and Authorization Management Program (FedRAMP) authorization, the government’s highest security certification for cloud operators and required for work with federal agencies.

Data Quality 116

Data Quality Experimentation Insurance Statistics 116

CIO Business Intelligence

SEPTEMBER 12, 2022

Prioritize time for experimentation. The greatest barrier to innovation is competing priorities and lack of time to innovate, observes Santhosh Keshavan, executive vice president and CIO of financial and insurance services firm Voya. Here, they and others share seven ways to create and nurture a culture of innovation.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. in concert with Microsoft’s AI-optimized Azure platform. John Spottiswood, COO of Jerry, a Palo Alto, Calif.-based

Risk 141

Risk Manufacturing Enterprise Technology 141

CIO Business Intelligence

MARCH 6, 2023

Otherwise, they say, IT simply moves the location of its servers from its own data centers to someone else’s — and risks missing out on the innovation, transformation, and speed to market that cloud adoption enables. Moreover, the differences between each stovepipe also meant more work for security teams trying to manage and mitigate risks.

IT 140

IT Strategy Cost-Benefit Consulting 140

CIO Business Intelligence

OCTOBER 9, 2023

Hyatt’s experimental mindset and listen-first approach are heavily applied to IT’s pursuit of innovation, he says. When Renganathan was spearheading digital at his previous company, Farmers Group Insurance, IT wanted to bring operational excellence to its customer contact management system. He learned that the hard way.

Strategy 137

Strategy Technology Experimentation Testing 137

CIO Business Intelligence

MAY 16, 2023

The industries these decision-makers represented include insurance, banking, healthcare and life sciences, government, entertainment, and energy in the U.S. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises. and tokenization.

Advertising 105

Advertising Recreation/Entertainment Experimentation Data Collection 105

CIO Business Intelligence

AUGUST 1, 2023

As many CIOs prepare their 2024 budgets and digital transformation priorities, developing a strategy that seeks opportunities to evolve business models, targets near-term operational impacts, prioritizes where employees should experiment, and defines AI-related risk-mitigating plans is imperative.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Data Science 98

Decision Management Solutions

DECEMBER 17, 2021

We work with lenders in a variety of markets and have found that decision modeling, building a visual blueprint of your credit risk decisioning, is a critical success factor in moving to next generation credit decisioning. Lower credit losses. More efficient lending. Sounds good, right?

Modeling 52

Modeling Visualization Experimentation Risk 52

Cloudera

AUGUST 2, 2018

Leading insurers are underwriting policies with lower risks. Data teams in these insurance firms are leading the charge in rebuilding entire business models around data and analytics. When good stuff happens in the background, and we take it for granted, we know the technology behind the scenes is working.

Data Warehouse 51

Data Warehouse Insurance Experimentation Software 51

Domino Data Lab

JANUARY 24, 2019

Enterprises with teams of data scientists select these solutions to enable accelerated experimentation for individuals while simultaneously driving collaboration and governance for the organization. Key features include scalable compute, environment management, auditability, knowledge management, and reproducibility.

Data Science 65

Data Science Marketing Data-driven Statistics 65

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. Audio (56%) : Gen AI call centers with realistic audio assist customers and employees.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

Cloudera

NOVEMBER 25, 2020

As Augmented Analytics is on the rise, a discovery data warehouse is key for not only pharmaceuticals but any businesses that heavily rely on unstructured data, such as healthcare providers, insurance, government, media, various ML and Risk modeling heavy organizations, as well as legal/law enforcement and a variety of auditing services.

Data Warehouse 59

Data Warehouse Unstructured Data Analytics Visualization 59

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. It’s open.

Technology 45

Technology Risk Digital Transformation Measurement 45

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

Domino Data Lab

FEBRUARY 4, 2019

Spoiler alert: a research field called curiosity-driven learning is emerging at the nexis of experimental cognitive psychology and industry use cases for machine learning, particularly in gaming AI. The ability to measure results (risk-reducing evidence). Ensure a culture that supports a steady process of learning and experimentation.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

CIO Business Intelligence

FEBRUARY 3, 2023

The Queen’s death brings e-commerce innovation Hobbs joined The Royal Mint in January 2020, bringing 20 years of experience from financial services, where he worked for Barclays Bank, Barclaycard, Lloyds Banking Group and Admiral Insurance. An unfortunate by-product was a variety of cyberattacks.

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

FEBRUARY 12, 2025

If you really want to get the value of AI and scale experimentation, you have to combine it with your citizen development strategy. Its got DLP, EAP [Extensible Authentication Protocol], and all the risk assessment promises we give you, and it runs in managed environments so its got all the sharing, auditing and reporting.

Experimentation 111

Experimentation Cost-Benefit Risk Insurance 111

CIO Business Intelligence

FEBRUARY 5, 2025

Lucidworks study of gen AI investment says that in 2024, business leaders are slowing down spending to balance the benefits, costs, and risks of this relatively new technology. When everyone is aligned, you minimize risks and potential delays, and set the stage for success with the project, Willson says.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117

CIO Business Intelligence

FEBRUARY 7, 2025

This is particularly valuable in areas like market analysis, risk assessment, and resource allocation. Tom Allen , Founder of the AI Journal, asserts the insurance industry is a ripe field for increasing the value of customer interactions. Insurance companies whether commercial or retail are prime examples of where AI is useful.

Insurance 93

Insurance Business Driver Unstructured Data Experimentation 93