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In addition, vendor evaluations should include such basics as vetting the vendor’s experience, reputation, financial status, and so on, says Brooke Vemuri, vice president of business transformation and engineering at insurance firm Legal & General America. Ensure their services and future services align with your strategy,” Vemuri says.
Sunil: Monica, in today’s scenario, the organizations have scorecards to track KPIs across businesses, geographies, and functions through BI dashboards and Excel reports. Sunil: We’ve recently deployed it for a leading global professional services organization and also a global insurance major. SERIES: Making AI Real.
The above is a somewhat simple metric, in a section of Using historical data to justify BI investments – Part I , I cover some actual Insurance industry metrics that build on each other and are a little more convoluted. Is New Business Growth something that is even worth tracking; what will we do as a result of understanding this?
Any team with people who must trade off the time of commuting against the value of face-to-face interaction. The chain of transactions held in the distributed ledger might track insurance payments, car purchases, or any number of assets. The IT teams must find the best way to support the larger mission with better tools and practices.
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