John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. Given that Gartner forecasts double digit growth (12.6%) for the IRM technology market in 2021 , the nature of these innovative product uses will span 10 use case domains (see figure below).

Risk Management 59

Risk Management Risk Management Internet of Things 59

Jet Global

DECEMBER 21, 2020

In the more modern terminology of business, we could rephrase that to say “be careful about concentration risk.”. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98

Risk Sales Reporting Forecasting 98

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. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. “We CIOs who expect this protection out of the box are at risk.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

Smart Data Collective

AUGUST 29, 2022

However, the rapidly changing business environment requires more sophisticated analytical tools in order to quickly make high-quality decisions and build forecasts for the future. For example, insurance companies use cluster analysis to detect false claims, while banks use it to assess creditworthiness. Predictive analytics.

Analytics 120

Analytics Predictive Analytics Machine Learning Insurance 120

CIO Business Intelligence

JUNE 26, 2023

Machine-managed risk Risk management is a top-of-mind issue for all financial services firms. Analytics powered by machine learning (ML) lets business leaders assess risk according to a wide variety of variables, many of which are not intuitively obvious.

Data-driven 98

Data-driven Insurance Risk Risk Management 98

CIO Business Intelligence

MARCH 15, 2023

growth underscores how inflation, interest rate fluctuations, and consumer spending are reshaping forecasts, investment portfolios, and the CIO agenda. All things related to maintaining the systems to land, expand, and renew business at forecasted volumes are no brainers. Securing the technical estate from bad actors?

Uncertainty 98

Uncertainty Cost-Benefit Forecasting Insurance 98

IBM Big Data Hub

OCTOBER 30, 2023

Real-time data analytics helps in quick decision-making, while advanced forecasting algorithms predict product demand across diverse locations. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 77

Insurance Data Warehouse Data-driven Unstructured Data 77

CIO Business Intelligence

JUNE 7, 2022

Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes. It is frequently used for risk analysis. It is frequently used for economic and sales forecasting.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

CIO Business Intelligence

FEBRUARY 13, 2023

We will continue to reduce our investment and presence at our on-prem data center,’’ says Raju Seetharaman, senior vice president of IT and transformation at life insurance company Legal & General America. “We IDC is forecasting a 5.1% Low code/no code solutions give business teams the ability to deliver changes quickly,” he says.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

MAY 1, 2024

For every optimistic forecast, there’s a caveat against a rush to launch. And commercial insurance is a vertical Docugami CEO Jean Paoli says has been an early adopter, including statements of value, certificates of insurance, as well as policy documents with renewal dates, penalties, and liabilities.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

DECEMBER 7, 2022

We haven’t changed our forecast in three quarters,” he says, noting that the US gross domestic product (GDP) is, technically, already in recession territory and has been for the past six months. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America. Gartner predicts 2023 IT spending will grow 5.1%

IT 132

IT Insurance Cost-Benefit Risk Management 132

IBM Big Data Hub

FEBRUARY 14, 2024

See what’s ahead AI can assist with forecasting. They can streamline workflows to increase efficiency and reduce time-consuming tasks and the risk of error in production, support, procurement and other areas. ML algorithms can predict patterns, improve accuracy, lower costs and reduce the risk of human error.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

bridgei2i

MAY 26, 2020

By allowing that, they could have a steady demand forecast based on sensing algorithms and react faster to such events. He has delivered hundreds of millions of dollars of impact to his clients in High-Tech CPG and Manufacturing Industries, particularly in the areas of demand forecasting, inventory and procurement planning. Transcript.

Enterprise 131

Enterprise Management Forecasting Manufacturing 131

CIO Business Intelligence

APRIL 24, 2024

That includes many technologies based on machine learning, such as sales forecasting, lead scoring and qualification, pricing optimization, and customer sentiment analysis. In the health insurance industry, there are plenty of opportunities for transformation if you know where to look. But that could change. “I

Sales 128

Sales Finance Experimentation Cost-Benefit 128

CIO Business Intelligence

JUNE 7, 2022

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 billion in cost savings for the insurance industry as well during the same period. . billion globally over a five-year period, it gets noticed. The same study estimated that chatbots would lead to $1.3

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

DataRobot

NOVEMBER 15, 2021

This will be further expanded to energy, life sciences, insurance, government, telecommunications and media organizations in 2022. DataRobot & Palantir Foundry Demand Forecasting Solution. Healthcare providers are enabled with the predictive power to reduce healthcare costs, readmissions and improve patient outcomes. Learn more.

Manufacturing 52

Manufacturing Forecasting Machine Learning Data-driven 52

Andrew White

DECEMBER 16, 2021

The Fed’s forecast is for: Core Inflation 2021 at 4.4%. The Fed is forecasting three 0.25% rate rises during 2022. It is everything, from raw materials to consumer goods to insurance to healthcare. This might stave off panic and help mitigate risks. Dropping to 2.7% Its growth may have stopped by March, that’s all.

Forecasting 102

Forecasting Insurance Strategy Marketing 102

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. Still, as Whyde concedes, “some of the concern around risk of adoption of AI is distressing.”

Risk 141

Risk Manufacturing Enterprise Technology 141

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

CIO Business Intelligence

JUNE 13, 2023

Compliance is the leading intelligent information management driver The AIIM study was a 10-year follow-up to a 2013 study, with participants mostly coming from government, finance, banking and insurance, and education in North America, the United Kingdom, and Europe, Middle East, and Africa (EMEA). Digital Transformation

Digital Transformation 64

Digital Transformation Management Insurance Forecasting 64

Smart Data Collective

JULY 25, 2019

Aiding With Risk Assessments. Companies work in the risk assessment realm when representatives decide whether to offer insurance or loans to clients. Some big data AI companies assist underwriters with making risk assessment decisions. Some Companies Will Restructure to Maintain Stability As Big Data AI Gains Prominence.

Big Data 86

Big Data Insurance Risk Cost-Benefit 86

Rita Sallam

APRIL 2, 2023

Qlik Key Findings: In the US alone, there’s $367 billion in agricultural commodities at risk to flooding in the US alone. A large part of under-developed Asian countries ranging from Bangladesh to Vietnam are at high risk of flooding events. million people at risk of catastrophic, flooding. In 2000, the Netherlands had 8.5

Optimization 52

Optimization Machine Learning Insurance Risk 52

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

Cloudera

SEPTEMBER 15, 2022

Retail, where big data is used across all stages of the retail process—from product development, pricing, demand forecasting, and for inventory optimization in the stores. Similar use cases exist across all other verticals like insurance, finance and telecommunications. . Diversity of workloads.

Metadata 87

Metadata Big Data Optimization Unstructured Data 87

Smart Data Collective

AUGUST 7, 2022

Most of the discussions about the role of data analytics in finance have centered around traditional financial businesses, such as insurance, mutual funds, money management and other financial institutions. She told us that she increased her bitcoin profits 150% after she started using data analytics tools to forecast price movements.

Analytics 109

Analytics Data Analytics Finance Analytics Technologies 109

Smart Data Collective

MAY 21, 2019

There are several ways that predictive analytics is helping organizations prepare for these challenges: Predictive analytics models are helping organizations develop risk scoring algorithms. Insurance providers might require them to have adequate safeguards to get compensated for any damages. Mobile phones are a prime example.

Big Data 79

Big Data Cost-Benefit Predictive Analytics Insurance 79

Smarten

JULY 30, 2018

Hospitals and healthcare systems are turning to predictive analytics tools to plan and forecast and understand what, when and how to support patients. How Can Predictive Analysis Tools Help My Hospital or Healthcare Organization?

Predictive Analytics 40

Predictive Analytics Analytics Predictive Modeling Forecasting 40

Smart Data Collective

FEBRUARY 2, 2021

By tracking patients’ health, drug interactions, and forecasting their needs, Big Data helps medical institutions deliver targeted solutions. Moreover, the use of data in talent acquisition helps build more relevant offers, increases retention, and forecast talent demand. Public services.

Big Data 86

Big Data Recreation/Entertainment Cost-Benefit Finance 86

CIO Business Intelligence

MARCH 22, 2022

At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . A former CIO100 India winner, Bari has also previously held leadership roles at Max Life Insurance, HT Media, and SBI Card. Gururaj Rao moves to Aditya Birla Health Insurance.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

DataRobot

JUNE 1, 2021

Industries such as banking and credit, insurance, healthcare and biomedicine, hiring and employment, and housing are often tightly regulated. You should first identify potential compliance risks, with each additional step again tested against risks. Like a weather forecast, AI predictions are inherently probabilistic.

Uncertainty 52

Uncertainty Machine Learning Advertising Risk 52

Smart Data Collective

NOVEMBER 12, 2021

While hiring outside your business’s home country does carry some added risk, you can minimize this through research of international hiring guides and investing in partnerships. Instead, your area of expertise could be selling books, providing insurance, or creating jewelry. Scale Operations According to Cyclical Activity.

Data-driven 109

Data-driven Cost-Benefit Data mining Big Data 109

datapine

OCTOBER 11, 2023

It allows for informed decision-making and efficient risk mitigation. As seen in the image above, these costs can include employee salaries, taxes, insurance, storage, and even the investment opportunities that the business might be losing due to having a lot of resources tight to inventory.

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smarten

JULY 10, 2018

Use Case(s): Weather Forecasting, Fraud Analysis and more. ARIMAX Forecasting: What is ARIMAX Forecasting and How is it Used for Enterprise Analysis? Use Case(s): Predict success of treatment success based on attributes of a patient, improve weather forecasting results and more.

Analytics 40

Analytics Forecasting Statistics Sales 40

IBM Big Data Hub

OCTOBER 12, 2023

Worldwide IDC Global DataSphere Forecast, 2022–2026: Enterprise Organizations Driving Most of the Data Growth, May 2022 The post How data stores and governance impact your AI initiatives appeared first on IBM Blog. Doing so allows easy demonstration of compliance and reduces exposure to possible audits, fines and reputational damage.

Cost-Benefit 76

Cost-Benefit Metadata Data Governance Modeling 76

bridgei2i

JUNE 30, 2020

And the customers are avoiding the risk of exposure. The pre-COVID-19 forecasts are no longer kind of valid as the pandemic has entirely disrupted the market. Listen Now Insurance is among the most-affected industries of the novel Coronavirus. There is a significant shift in the buying channel towards digital e-commerce.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98