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

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

Decision Management Solutions

MAY 1, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. That post, referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , in which he states that there are only three levers of value in insurance: 1. Sell More , 2. Cost Less to Operate.

Insurance 75

Insurance Technology Predictive Analytics Risk 75

CIO Business Intelligence

MARCH 27, 2023

When he’s not immersed in cybersecurity, hybrid cloud strategy, or app modernization, David Reis, CIO at the University of Miami Health System and the Miller School of Medicine, spends his time working with the board of directors and top leadership to reimagine healthcare and take the lead driving digital transformation.

Strategy 109

Strategy Digital Transformation Insurance Technology 109

O'Reilly on Data

OCTOBER 11, 2022

Over the past decade, one problem with data science and its successors has been the assumption that all you need is data, and lots of it; analyzing that data will lead you to new products, new processes, new strategies: just follow the data and let it transform your business. You always know your cash flow; you always know your credit line.

Data Integration 353

Data Integration Insurance Dashboards Data-driven 353

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. The risk of privacy leakage from interaction with AI technologies is a major source of consumer concern and mistrust.

Insurance 68

Insurance Risk Testing Data Quality 68

CIO Business Intelligence

MARCH 12, 2022

A well-establish, well-executed employee retention strategy is a key competitive differentiator, as a company’s ability to hold on to its talent — especially in tight hiring markets — has profound ramifications for its ability to operate at a high level, without the disruptions that employee turnover bring. “We

Strategy 128

Strategy Cost-Benefit Enterprise Management 128

CIO Business Intelligence

JULY 30, 2024

Some industries such as biotech are finding ways to use gen AI, but many enterprises experimenting with the technology have found a limited number of use cases so far, says Kjell Carlsson, head of AI strategy at Domino Data Lab, provider of an enterprise AI platform.

Insurance 144

Insurance Machine Learning Interactive Finance 144

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. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Insurance 128

Insurance Digital Transformation Interactive Sales 128

Cloudera

MAY 4, 2022

AI has the potential to transform operations by improving three fundamental business requirements: process automation, decision-making based on data insights, and customer interaction. Among the benefits of AI-first strategies are: Operational efficiency. Benefits aplenty. AI also enables 24-hour operations with minimum downtime. .

Internet of Things 130

Internet of Things Cost-Benefit Insurance Data-driven 130

Decision Management Solutions

APRIL 15, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

O'Reilly on Data

SEPTEMBER 19, 2023

” Each step has been a twist on “what if we could write code to interact with a tamper-resistant ledger in real-time?” Isn’t it nice to uncover that in a simulated environment, where we can map out our risk mitigation strategies with calm, level heads? This technique simulates interactions in a complex system.

Machine Learning 339

Machine Learning Testing Modeling Cost-Benefit 339

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 59

Insurance Digital Transformation Internet of Things IoT 59

Cloudera

DECEMBER 14, 2022

The bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

Data Strategy 81

Data Strategy Strategy IT Contextual Data 81

bridgei2i

JANUARY 18, 2021

Case study: Underwriting Process Automation for M&A Insurance. The client, a leading commercial insurer in North America, was looking to reduce the deal processing time of policies by automating the retrieval of specific information from various documents and boost conversions. Business Context. How BRIDGEi2i Delivered Value?

Insurance 52

Insurance Interactive Enterprise Strategy 52

bridgei2i

JANUARY 17, 2021

Case study: Emerging Risk Identification for Personal Lines Insurance. The client, a global insurance leader, wanted to identify emerging risks, associated drivers & trends by analyzing various external data sources including medical journals, legal opinion blogs, newsfeed & social media. Business Context.

Insurance 52

Insurance Risk Interactive Enterprise 52

CIO Business Intelligence

OCTOBER 13, 2022

Aflac is the leading provider of supplemental health insurance in the United States, and Gilbert has been recognized for his commitment to accelerating the company’s digital transformation strategy. I also speak strategy, so I can communicate with our board. The promotion and title are well deserved. That’s a staggering number.

IT 128

IT Insurance Cost-Benefit Modeling 128

Smart Data Collective

JULY 8, 2021

However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them. This will help you identify mistakes on your credit report or insurance accounts, which could be costing you higher interest rates or premiums.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

Alation

JULY 26, 2021

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 Our data management strategy evolved with the software. billion in 2020.

Insurance 98

Insurance Digital Transformation Enterprise Data Governance 98

Cloudera

DECEMBER 11, 2020

A recent McKinsey survey, cited in CRN , shows that worldwide, 58 percent of customer interactions were digital as of July 2020. That compares to only 36 percent of customer interactions as of December 2019, which was before the pandemic impacted business, and only 20 percent in May 2018. Insurance . Data Variety.

Insurance 95

Insurance Digital Transformation Unstructured Data Machine Learning 95

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Informed decision-making: The biggest benefit of using KPIs and metrics in your warehousing strategies is informed decision-making. Making the use of warehousing metrics a huge competitive advantage.

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smart Data Collective

MAY 11, 2023

Big Data is used more in property and casualty insurance than in other areas of actuarial practice. Health and life insurance have seen significant advances in Big Data use in recent years. The American Association of Actuaries reports that big data can also help with actuarial decision making.

Data mining 116

Data mining Big Data Sales Cost-Benefit 116

CIO Business Intelligence

JULY 9, 2024

One of the cornerstone initiatives is the e.oman strategy, which focuses on developing a robust ICT infrastructure, promoting e-government services, and enhancing cybersecurity measures. The strategy is designed to facilitate the integration of digital technologies across various sectors, including healthcare, education, and commerce.

Digital Transformation 105

Digital Transformation Insurance Statistics Finance 105

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. How is conversational AI different?

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

CIO Business Intelligence

MAY 27, 2024

Map out a tech-driven strategy Nothing happens without a plan, and for a company’s IT organization with growth on its mind, this means developing an effective tech-driven growth strategy. A rigorous analysis will invariably reveal that technology has fundamentally altered how they should think about their competition.

IT 105

IT Strategy Risk Technology 105

CIO Business Intelligence

APRIL 5, 2024

California and Connecticut lead the pack One state to watch is California, partly because of its large population that interacts with businesses across the US, and partly because the state legislature there tends to be ahead of the pack on consumer protection issues. There’s obviously going to be heightened scrutiny here across the board.”

Risk 132

Risk Insurance Interactive Strategy 132

CIO Business Intelligence

JUNE 7, 2022

Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research. billion in cost savings for the insurance industry as well during the same period. .

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

CIO Business Intelligence

JANUARY 29, 2024

Wenhold has instituted a number of strategies to empower Power’s creator culture. Not only does culture define who you are and how you interact with one another, it also impacts a team’s performance and productivity. Patience and staying power on strategy is really key.”

IT 128

IT Insurance Digital Transformation Technology 128

Smart Data Collective

NOVEMBER 17, 2021

Data analytics is becoming a crucial element of many business strategies. Insurance, investing, logistics and digital marketing are among some of the professions most affected by big data. Maybe you can’t check the number of interactions with premium users in your statistics page, but these numbers do exist.

Data Analytics 144

Data Analytics Analytics Advertising Data-driven 144

CIO Business Intelligence

AUGUST 21, 2024

When multiple independent but interactive agents are combined, each capable of perceiving the environment and taking actions, you get a multiagent system. 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.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

MAY 31, 2022

They are the blueprints for all kinds of business functions, enabling disparate parts of the organization to work together and to interact with suppliers and customers. A company can only be as flexible, efficient, and agile as the interaction of its business processes allow. BPM vs. RPA. Business process management certifications.

Enterprise 104

Enterprise Management Interactive Software 104

CIO Business Intelligence

JANUARY 17, 2024

“I always find there’s benefit in using a story to help my audience understand what can sometimes be very technical concepts that I’m trying to communicate to non-technical people,” says Adam Miller, CIO of UK insurer, Markerstudy Group. Second, detail the story characters and how they interact, with examples.

Consulting 122

Consulting Interactive Strategy Visualization 122

CIO Business Intelligence

SEPTEMBER 26, 2023

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. As I mentioned earlier, protecting your systems must involve both offensive and defensive strategies.

IT 98

IT Insurance Cost-Benefit Strategy 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. "So what if no one interacted with your Twitter feed, at least they saw it!" Big mistake. Facebook for Businesses.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

bridgei2i

JUNE 24, 2020

JJ: Well, it has, and to explain its relevance first, we need to understand that strategy and finance teams of various companies are working through scenario planning with other business functions to really ascertain how the situation will evolve and further impact revenue and then thereby impact operational expenses. If yes, why?

B2B 117

B2B Enterprise Sales Digital Transformation 117

Cloudera

JULY 20, 2021

Build your data strategy around the convergence of software and hardware. Build your data strategy around relevant data, not last years data because it’s easy to access. Risk models for financial institutions and insurers are exponentially more complicated . Commodity prices are up and still much higher than normal.

Manufacturing 106

Manufacturing Forecasting IoT Insurance 106

CIO Business Intelligence

AUGUST 14, 2023

IT worked with the hospital’s clinic operations group to build “EmmiJourneys,’’ a series of automated scripts that were a blend of engaging and educational content in the form of interactive voice response calls and multimedia videos targeting patients based on their needs. Digital Transformation

IT 98

IT Insurance Digital Transformation Broadcasting 98