Smart Data Collective

MARCH 28, 2019

The life insurance industry will soon undergo a dramatic transformation in response to advances in big data. A number of insurance executives have been reluctant to embrace the changes of big data. One study found that 74% of respondents felt that the insurance industry had done an inadequate job addressing the need for big data.

Insurance 104

Insurance Big Data Cost-Benefit Consulting 104

CIO Business Intelligence

DECEMBER 19, 2024

The insurance company decided to migrate from on-premises BMC Remedy to cloud-based BMC Helix ITSM and Discovery. They automated remediation and significantly improved MTTR and overall service quality.

IT 98

IT Insurance Cost-Benefit Optimization 98

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. As AI technologies continues to mature and use cases expand, insurers should not shy from the technology.

Insurance 68

Insurance Risk Testing Data Quality 68

CIO Business Intelligence

JANUARY 21, 2025

Deloittes State of Generative AI in the Enterprise reports nearly 70% have moved 30% or fewer of their gen AI experiments into production, and 41% of organizations have struggled to define and measure the impacts of their gen AI efforts.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

JANUARY 21, 2025

As a secondary measure, we are now evaluating a few deepfake detection tools that can be integrated into our business productivity apps, in particular for Zoom or Teams, to continuously detect deepfakes. For example, attackers recently used AI to pose as representatives of an insurance company.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

O'Reilly on Data

JANUARY 28, 2019

Consent" in medicine is limited: whether or not you understand what you're consenting to, you are consenting to a single procedure (plus emergency measures if things go badly wrong). But what about the insurance companies? The doctor can't come back and do a second operation without further consent. Which data flows should be allowed?

Insurance 242

Insurance Metadata Data Collection Marketing 242

datapine

AUGUST 19, 2020

Inventory metrics are indicators that help you monitor, measure, and assess your performance – and thus, give you some keys to optimize your processes as well as improve them. This is something you can measure with a customer service KPI like the net promoter score or NPS, that evaluates the power of your referral.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

CIO Business Intelligence

MARCH 4, 2025

Robotics: Automation reimagining productivity and costs Alongside AI, advanced robotics is delivering measurable ROI across industries. Satellite technology: Rapid growth in satellite constellations benefits telecom (remote connectivity), insurance and agriculture (high-resolution crop monitoring and disaster assessment).

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

Jet Global

JUNE 5, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful.

Insurance 59

Insurance Metrics Reporting KPI 59

O'Reilly on Data

OCTOBER 11, 2022

How can you use it to analyze your current situation, and measure the results of any actions you take? There are probably even more steps (I am not a pharmacist) and variations: new prescriptions, expired prescriptions, uninsured patients, expired credit cards, and no doubt many more corner cases. If you take some action, what changes?

Data Integration 352

Data Integration Insurance Dashboards Data-driven 352

erwin

JUNE 27, 2019

Additional challenges, such as increasing regulatory pressures – from the General Data Protection Regulation (GDPR) to the Health Insurance Privacy and Portability Act (HIPPA) – and growing stores of unstructured data also underscore the increasing importance of a data modeling tool. There’s an expression: measure twice, cut once.

Measurement 81

Measurement Modeling Unstructured Data Metadata 81

CIO Business Intelligence

APRIL 23, 2024

Instituting sturdy identity management practices reduces the odds of a variety of risks becoming real — and also reduces the damage should a risk become real in spite of the organization’s preventive measures. Which is to say if your preventive measures work, you’ll be found guilty of having cried wolf — of inflating the risk.

Risk 116

Risk IT Insurance Risk Management 116

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

Cloudera

APRIL 20, 2022

As healthcare providers and insurers /payers worked through mass amounts of new data, our health insurance practice was there to help. One of our insurer customers in Africa collected and analyzed data on our platform to quickly focus on their members that were at a higher risk of serious illness from a COVID infection.

Insurance 101

Insurance Measurement Data Lake Risk 101

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

datapine

OCTOBER 11, 2023

A Warehouse KPI is a measurement that helps warehousing managers to track the performance of their inventory management, order fulfillment, picking and packing, transportation, and overall operations. These powerful measurements will allow you to track all activities in real-time to ensure everything runs smoothly and safely.

Metrics 217

Metrics KPI Management Cost-Benefit 217

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

CIO Business Intelligence

FEBRUARY 20, 2024

Sensitive personal and medical information can be used in multiple ways, from identity theft and insurance fraud to ransomware attacks. These measures mandate that healthcare organisations adequately protect patient data, and that notification must be given in the event of a data breach.

Risk 122

Risk Insurance Measurement Strategy 122

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 135

Insurance Cost-Benefit Measurement Data Processing 135

Smart Data Collective

MARCH 7, 2021

Attackers target mostly small to medium companies because they don’t take enough preventive measures against cyberattacks. Cybersecurity Insurance. Cybersecurity insurance can help you tremendously. It’s the same as traditional insurances. Big Data is Offering a Number of New Options to Improve Online Defenses.

Big Data 136

Big Data Insurance Data Processing Software 136

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. The insurance industry—which, in the US alone, stands at $1.2 trillion, is seeing the volume of insurance transactions growing every year. Images 1: Challenges before insurance in the post-Corona world. click here.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Occam's Razor

APRIL 30, 2018

The teams naturally gravitate towards optimization and measurement that spans their individual mini-universes. I cannot stress enough that these results can be positive (for the ad business and, in this case, the sales of insurance products). Second, trapped in the silo the vision for what will be measured and deemed as success.

Advertising 118

Advertising Metrics Measurement Insurance 118

CIO Business Intelligence

MAY 1, 2024

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. What are you measuring? That’s a lot of money if you want to go across the organization,” she says.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

SEPTEMBER 24, 2024

This is a significant change moment,” says Rich Wiedenbeck, CAIO of Ameritas, an insurance and financial services company headquartered in Lincoln, Nebraska. The life insurance industry has not been historically focused on pure efficiency, but the cost-per-unit concept is coming into the business.”

IT 130

IT Insurance Cost-Benefit Risk 130

Jet Global

APRIL 14, 2021

A healthcare Key Performance Indicator (KPI) or metric is a well-defined performance measure that is used to observe, analyze, optimize, and transform a healthcare process to increase satisfaction for both patients and healthcare providers alike. This modern healthcare metric measures the utilization of advanced equipment at your facility.

Metrics 98

Metrics Reporting KPI Insurance 98

CIO Business Intelligence

DECEMBER 11, 2024

Across industry verticals, healthcare and life science lead the way with 38% of companies having either integrated or transformative approaches to AI, followed by insurance and banking with 37% and 30% respectively. What is clear from the research is that the capabilities change as organisations mature in their AI experience.

ROI 59

ROI Experimentation Insurance Strategy 59

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. Insurance . In “ Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption,” Monique Hesseling describes how COVID-19 is transforming the insurance industry. Data Variety.

Insurance 95

Insurance Digital Transformation Unstructured Data Machine Learning 95

CIO Business Intelligence

FEBRUARY 27, 2023

Italian insurer Reale Group found itself with four cloud providers running around 15% of its workloads, and no clear strategy to manage them. “It That’s according to a new study of enterprise cloud usage by 451 Research, which also looked at what enterprises are running across multiple public clouds, and how they measure strategy success.

Cost-Benefit 143

Cost-Benefit Insurance Enterprise Optimization 143

Cloudera

NOVEMBER 16, 2022

Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. Some examples provided across the financial services and insurance sessions included: Related to the focus on business impacts were discussions on how to measure the value enabled by the data office.

Insurance 81

Insurance Cost-Benefit Metrics Measurement 81

CIO Business Intelligence

JANUARY 4, 2023

In a letter sent by Salesforce’s co-CEO Marc Benioff and attached to Wednesday’s SEC filing, he told employees “the environment remains challenging, and our customers are taking a more measured approach to their purchasing decisions.

IT 116

IT Cost-Benefit Insurance Measurement 116

Smart Data Collective

JULY 11, 2022

Many marketing automation tools like Hootsuite have sophisticated analytics tools to help marketers measures engagement with their social media content. One of the benefits of using data analytics with content marketing is that you can measure engagement with different types of content. Paid social media advertising.

Data Analytics 145

Data Analytics Analytics Advertising Big Data 145

Smart Data Collective

DECEMBER 8, 2021

You have to take all possible measures to make sure data is properly encrypted and secured. The Health Insurance Portability and Accounting Act of 1996 was created to protect sensitive patient health information. Data security is very important in any industry. However, data protection is even more important in the healthcare sector.

Insurance 131

Insurance Software Measurement Risk 131

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 88

Insurance Data Architecture Risk Management Risk 88

Occam's Razor

JULY 31, 2006

Here is my point of view on the basics and best practices for measuring conversion rate. Uniqueness is currently measured by setting a persistent cookie (call it shopper_id) most of the time and they are a bit unreliable (I have to stress that certainly not as much as the hoopla that surrounds them) and hence this is not optimal.

Analytics 115

Analytics Metrics Measurement Reporting 115

CIO Business Intelligence

JANUARY 29, 2024

Gray Nestor, EVP and CIO, Brown & Brown Insurance Brown & Brown Insurance “You have to be willing to give people feedback and examples on a regular basis to drive a different result,” Nestor says. What’s a key measure that an IT culture is well formed and delivering results?

IT 128

IT Insurance Digital Transformation Technology 128

O'Reilly on Data

MARCH 20, 2019

So, whatever the commercial application of your model is, the attacker could dependably benefit from your model’s predictions—for example, by altering labels so your model learns to award large loans, large discounts, or small insurance premiums to people like themselves. Sometimes also known as an “exploratory integrity” attack.)

Modeling 272

Modeling Machine Learning Predictive Modeling Consulting 272