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. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 68

Insurance Risk Testing Data Quality 68

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? You’ll find small, local optimizations, but you’re likely to miss important use cases if you don’t look at the larger picture. That may be an improvement, but even if it’s an improvement, it’s sure to be far from optimal.

Data Integration 351

Data Integration Insurance Dashboards Data-driven 351

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

erwin

JUNE 27, 2019

For decades, data modeling has provided the optimal way to design and deploy new relational databases with high-quality data sources and support application development. There’s an expression: measure twice, cut once. Relational schema also will be transformed to query-optimized NoSQL constructs. Perform impact analysis.

Measurement 81

Measurement Modeling Unstructured Data Metadata 81

Cloudera

SEPTEMBER 7, 2023

But these measures alone may not be sufficient to protect proprietary information. The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.” Push predictive analytics to optimize operations and enhance profitability.

Insurance 83

Insurance Risk Data-driven Finance 83

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

Smart Data Collective

JULY 11, 2022

Data analytics technology is very helpful for companies trying to optimize their social media marketing strategy. Many marketing automation tools like Hootsuite have sophisticated analytics tools to help marketers measures engagement with their social media content. You can easily lose money if your ad campaigns are not well optimized.

Data Analytics 145

Data Analytics Analytics Advertising Big Data 145

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

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

Occam's Razor

APRIL 30, 2018

to solve for your little piece and optimize for a local maxima. The teams naturally gravitate towards optimization and measurement that spans their individual mini-universes. These are important questions facets of, and delivery optimization of, the advertising. It’s so easy for each little piece (you!) Let me explain.

Advertising 118

Advertising Metrics Measurement Insurance 118

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. See IDC PlanScape: Unit-Based Costing to Optimize IT Performance for an exploration of how unit cost can be applied to digital products and services.)

IT 130

IT Insurance Cost-Benefit Risk 130

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

CIO Business Intelligence

JANUARY 8, 2024

“As we head into the new year, CIOs and other IT leaders will need to understand how innovation can disrupt the business from both an internal and external perspective and make decisions with measured risk taking and a strong focus on priority outcomes.”

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

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. These changes impact my AdWords spend sub-optimally. What Is Not Going Away.

Optimization 156

Optimization Reporting Metrics Experimentation 156

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. Financial healthcare KPIs measure the top and bottom line within your care facility.

Metrics 98

Metrics Reporting KPI Insurance 98

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

datapine

MAY 31, 2022

That’s why it is important to implement a secure BI cloud tool that can leverage proper security measures. These tools also help optimize the cloud for cost, governance, and security. In fact, a recent survey by IDC of 6,159 executives found that just 3% of respondents define their cloud strategies as “optimized”.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

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

AUGUST 21, 2024

It wasn’t just a single measurement of particulates,” says Chris Mattmann, NASA JPL’s former chief technology and innovation officer. “It It was many measurements the agents collectively decided was either too many contaminants or not.” They also had extreme measurement sensitivity. That’s the most difficult thing,” he says.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

JANUARY 29, 2024

In lieu of integrating and customizing off-the-shelf enterprise applications such as Salesforce or SAP, Power Home Remodeling has constructed its own proprietary NITRO platform used to run and optimize all aspects of the business and customer experience. What’s a key measure that an IT culture is well formed and delivering results?

IT 128

IT Insurance Digital Transformation Technology 128

CIO Business Intelligence

JULY 24, 2024

Fine-tuning GenAI for cost accuracy and latency without compromising privacy The hard truth is that optimizing a GenAI system for the trifecta of cost, accuracy, and latency is an “art” that has still not been perfected. By focusing and training our models based on that specific goal, we were able to quickly drive measurable value.

Modeling 75

Modeling Insurance Cost-Benefit Unstructured Data 75

Occam's Razor

APRIL 25, 2011

This latter category contains things that are so obviously sub-optimal that no one should be doing them any more. I fundamentally believe that having a vibrant bi-directional conversation on a destination you control with policies you set and data you control is not just insurance, it is your duty to your customers. Yet there they are.

Marketing 127

Marketing Metrics Measurement Testing 127

Jet Global

JANUARY 8, 2021

An Operations Key Performance Indicator (KPI) or metric is a discrete measurement that a company uses to monitor and evaluate the efficiency of its day-to-day operations. Leading companies make use of KPIs and KPI dashboards to measure their efficiency in real time. What is an Operations KPI?

Metrics 131

Metrics Manufacturing Reporting KPI 131

CIO Business Intelligence

MAY 31, 2022

As a result, many companies are hampered by their processes, and will continue to be so until those processes are optimized. BPM tools provide organizations with a systematic approach to managing and optimizing their business processes by helping organizations design, model, implement, and measure workflows and business rules.

Enterprise 104

Enterprise Management Interactive Software 104

Smart Data Collective

MAY 29, 2022

The top industries that rely heavily on data analytics are Information Technology services, Manufacturing and Retail businesses, and Finance and Insurance companies. Measure employee performance. Employees meeting those benchmarks can guide others in an optimal career performance. Data analytics is prevalent in all sectors.

Data Analytics 145

Data Analytics Analytics Insurance Strategy 145

IBM Big Data Hub

JANUARY 15, 2024

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 66

Digital Transformation Insurance Optimization ROI 66

Rita Sallam

JUNE 2, 2023

Are there mitigation strategies that show reasons for optimism? For the vendors that participate in the Bake-Off and Show Floor Showdowns, it is in equal measure fun and extremely stressful. The results showing the impact of flooding, predictions for the future and reasons for optimism were fascinating.

Optimization 52

Optimization Insurance Machine Learning Risk 52

Smart Data Collective

NOVEMBER 1, 2020

The clustering process can be divided into the following stages: Selecting objects for clustering; Determining the set of variables; Calculating the similarity measure values between objects; Grouping similar objects into clusters; Presenting results. Clustering methods are among the simplest algorithms used in unsupervised ML. Source ].

Machine Learning 145

Machine Learning Data mining Visualization Statistics 145

Decision Management Solutions

FEBRUARY 25, 2019

To keep processing costs low, many insurance carriers have a goal to increase the percentage of their claims that can be processed and decisioned with no human decision-making involved. Perhaps surprisingly, there remains a fair amount of human intervention involved in processing insurance claims. Focus on the decisions first.

Insurance 40

Insurance Management Machine Learning Predictive Analytics 40

CIO Business Intelligence

MAY 29, 2024

AI holds promise in aiding researchers to discover more efficient energy sources such as nuclear fusion, optimize the utilization of current energy sources through enhanced power distribution, and measure the ramifications of CO2 emissions by analyzing climate patterns. “AI AI will benefit humanity in many ways,” says Koushik.

Cost-Benefit 108

Cost-Benefit Measurement Reporting Modeling 108

Occam's Razor

DECEMBER 12, 2016

I was speaking with a massive national insurance company recently. Digital Marketing & Measurement Model. My solution to this, incredibly real and frustrating problem, is to insist on seeing the signed in blood version of the company's Digital Marketing & Measurement Model. This is sub-optimal. Management.

Analytics 142

Analytics Data-driven Strategy Consulting 142

Occam's Razor

APRIL 5, 2010

Some Marketers / Analysts use Click-thru Rate (CTR) to measure success of their acquisition campaigns. A smaller percent of those Marketers / Web Analysts will move beyond clicks and measure Visits / Visitors and Bounce Rates to measure success. How to optimally leverage value based segmentation & Lifetime Value.

Analytics 136

Analytics Marketing Measurement Metrics 136

bridgei2i

JULY 8, 2020

And if you’re a banker or an insurer, you’re probably busy figuring out how to measure these risks, mobilize these resources, and fund capital that’s going to provide strong growth. I love your optimism Ganesh, and I love the fact that you are able to abstract information in such clear buckets.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Occam's Razor

FEBRUARY 22, 2011

and what implications are on measurement (loads!). In this blog post I want to talk about just one specific ad unit, the Search / Display click-to-call ad, and how it is cool, useful, and immensely measureable in sexy ways. From a measurement perspective we have four things we can analyze. Couple of quick caveats: 1.

Analytics 113

Analytics Advertising Metrics Measurement 113

Cloudera

MAY 6, 2021

Infrastructure Cost Optimization. Infrastructure Optimization . The workload breakdown measured in estimated vCPU-hours (based on on-premises capacity and utilization metrics) by region and data lifecycle stage is summarized in the Shankey chart below: . Infrastructure Optimization. Germany (Primary Market) . Status Quo.

Strategy 92

Strategy Cost-Benefit Optimization Risk 92

CIO Business Intelligence

JANUARY 11, 2023

Aligning on business goals There must be open, transparent, and collaborative working sessions to create alignment on how technology capabilities can be deployed to meet enterprise goals, states Bill Cassidy, CIO at New York Life Insurance. Avila believes there will be a significant focus on cost optimization via technology in 2023.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145