CIO Business Intelligence

DECEMBER 11, 2024

Newly released research from SASs Data and AI Pulse Survey 2024 Asia Pacific finds that only 18% of organisations can be categorised as AI leaders, where the organisation has an AI strategy and long-term investment plans in place. These ROI expectations exist despite many surveyed organisations not having a clear AI strategy.

ROI 59

ROI Experimentation Insurance Strategy 59

CIO Business Intelligence

OCTOBER 3, 2024

CIOs of many of the largest banks, financial firms, and insurance giants will likely continue to rely on big iron for the foreseeable future — especially if additional AI capabilities on the mainframe reduce their inclination to re-platform on the cloud. billion in 2015 to less than $6.5 platform running on the cloud makes sense for Ally.”

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

MARCH 19, 2025

CIOs have the daunting task of educating it on the various flavors of this capability, and steering them to the most beneficial investments and strategies. When I joined RGA, there was already a recognition that we could grow the business by building an enterprise data strategy. When the board says, AI! Thats gen AI driving revenue.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

CIO Business Intelligence

APRIL 24, 2024

Then the CIO can use that knowledge to ensure the success of technology initiatives that support business strategy, and then continue to expand their knowledge of finance and business from IT to the company as a whole. In the health insurance industry, there are plenty of opportunities for transformation if you know where to look.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

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

FEBRUARY 16, 2024

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. Still, ADP’s long-term experimentation with AI also includes use of Microsoft’s OpenAI Service and Databricks’ AI platforms, Nagrath says. It allows others to move very quickly as well.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

JULY 27, 2023

Instead, he’s implementing a dual-track strategy: to limit generative AI utilization through strict policies, while rapidly developing and piloting approved and safe applications. Other CIOs have adopted similar strategies. In insurance, we live in data all the time — and in third-party data — that’s different from some industries.

IT 98

IT Insurance Strategy Risk 98

CIO Business Intelligence

SEPTEMBER 30, 2024

The tool has been adopted by New Jersey, West Virginia, and the US Virgin Islands to help address quality issues and improve data submission to the Centers for Medicare and Medicaid Services (CMS) and Children’s Health Insurance Program (CHIP) Services.

Data Quality 116

Data Quality Experimentation Insurance Statistics 116

CIO Business Intelligence

OCTOBER 9, 2023

Tech leaders must focus on a business-aligned tech strategy to deliver on the competing mandates, Guarini says. “A A business-aligned technology strategy is built on architecture and agility, the ‘what’ and the ‘how’ of better alignment,’’ he explains. Performance improves when the culture of collaboration is strong.”

Strategy 137

Strategy Technology Experimentation Testing 137

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. Change Management, Innovation, IT Leadership, IT Strategy

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

MARCH 6, 2023

So Holden, who has been CIO at Halfords — the UK’s largest retailer of motoring and cycling products and services — since 2017, developed a strategy to reorganize his tech team. Caldas adds: “Today, we are aligned as a global organization oriented around a single set of strategies, roadmaps, and vision statements about where we are going.

IT 140

IT Strategy Cost-Benefit Consulting 140

CIO Business Intelligence

AUGUST 21, 2024

Sinclair Schuller, partner at EY, says there are a few main strategies to secure multi-agent AI, on top of guardrails already set up for underlying gen AI models. Insurance company Aflac is one company making sure this is the case to maintain human oversight over the AI, instead of letting it act completely autonomously.

Risk 136

Risk Insurance Cost-Benefit Software 136

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

Occam's Razor

NOVEMBER 2, 2015

" The second question was never answered either, but because all businesses know is how to pimp that became their default strategy. if yes, what should your content (and marketing) strategy be. If you have an effective Care content strategy, some Social Networks can solve for Care as well. Big mistake. Human vs. Business.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

CIO Business Intelligence

MAY 16, 2023

To gain perspective, Iron Mountain sponsored research by Quadrant Strategies, which used digital listening technologies to study public online conversation trends among enterprise decision-makers. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises.

Advertising 105

Advertising Recreation/Entertainment Experimentation Data Collection 105

CIO Business Intelligence

OCTOBER 18, 2023

based online insurer, is developing an LLM-based platform to handle customer requests with far more intelligent and enhanced chatbots. Yet, the intense focus on gen AI has only accelerated experimentation for CIOs and vendors, including Musk, whose xAI will reportedly enter the AI arms race. Generative AI, IT Leadership, IT Strategy

Risk 141

Risk Manufacturing Enterprise Technology 141

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. If you pursue a multi-tiered talent strategy for different types of problems, you may need multiple solutions.

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

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

Occam's Razor

OCTOBER 21, 2013

As an analyst, I was upset that this change would hurt my ability to analyze the effectiveness of my beloved search engine optimization (SEO) efforts – which are really all about finding the right users using optimal content strategies. This in turn mandates new SEO (and PPC) strategies, if we don't want to fail.

Optimization 156

Optimization Reporting Metrics Experimentation 156

Occam's Razor

JANUARY 28, 2013

AAA Life Insurance : Truly Customer Centric "Convince Me To Buy" Experience. A really nice way to do a multi-channel strategy. AAA Life Insurance : Truly Customer Centric "Convince Me To Buy" Experience. I want to buy term life insurance. And I do have a 30-year Term Life Insurance policy from them.

Marketing 165

Marketing Insurance Visualization IT 165

Occam's Razor

DECEMBER 12, 2016

How do you ensure that your can zig-zag with business strategy? I was speaking with a massive national insurance company recently. And, of course there is the delicious detail of this strategy not adding burden to your site's visitor experience due to it's async nature. Macro & Micro Outcomes Content/Strategy.

Analytics 142

Analytics Data-driven Strategy Consulting 142

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.

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

OCTOBER 10, 2024

A medical, insurance, or financial large language model (LLM) AI, built from scratch, can cost up to $20 million. Still, a 30% failure rate represents a huge amount of time and money, given how widespread AI experimentation is today. While Gersch recommends tying AI projects to business goals, she also encourages experimentation.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

CIO Business Intelligence

FEBRUARY 12, 2025

Thats effective because we tend to learn so much faster from our peers than from most other information sources, says Kjell Carlsson, head of AI strategy at Domino Data Lab. If you really want to get the value of AI and scale experimentation, you have to combine it with your citizen development strategy.

Experimentation 111

Experimentation Cost-Benefit Risk Insurance 111

CIO Business Intelligence

FEBRUARY 7, 2025

AI is a highly effective, multifaceted tool that can not only improve worker productivity for simple tasks, but can also dramatically transform customer service, cybersecurity, and even business strategy. Tom Allen , Founder of the AI Journal, asserts the insurance industry is a ripe field for increasing the value of customer interactions.

Insurance 93

Insurance Business Driver Unstructured Data Experimentation 93

CIO Business Intelligence

FEBRUARY 5, 2025

To maximize the impact of AI initiatives, organizations should focus on aligning each project with their overall corporate strategy and long-term goals. For example, if a companys strategy is cost leadership, the CIO would prioritize projects that drive efficiency to lower costs.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117