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. 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

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Analytics 250

Analytics Insurance Forecasting Deep Learning 250

datapine

OCTOBER 21, 2020

By utilizing key performance indicators in healthcare and healthcare data analytics, prevention is better than cure, and managing to draw a comprehensive picture of a patient will let insurance provide a tailored package. If you put on too many workers, you run the risk of having unnecessary labor costs add up.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

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

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. AI incidents, in other words, don’t require an external attacker.

Risk 364

Risk Modeling Data Processing Reporting 364

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. The risks and opportunities of AI AI is opening a new front in this cyberwar. It’s little wonder that data theft is increasingly common in the healthcare sector.

Risk 122

Risk Insurance Measurement Strategy 122

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. Adding smarter AI also adds risk, of course.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

MARCH 4, 2025

The takeaway is clear: embrace deep tech now, or risk being left behind by those who do. No wonder nearly every CEO is talking about AI: those who lag in AI adoption risk falling behind competitors capabilities. Today, that timeline is shrinking dramatically. Thats a remarkably short horizon for ROI.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

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

Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

Insurance 101

Insurance ROI Marketing Machine Learning 101

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. Technological risk—data confidentiality The chief technological risk is the matter of data confidentiality.

Insurance 68

Insurance Risk Testing Data Quality 68

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? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

OCTOBER 13, 2022

Knowing your risk level as you navigate a large venue can help you avoid crowds and stay safely within your bubble – all of which empowers you to enjoy the experience all the more. Live at Eurovision: a Bluetooth App to Navigate Covid Risk. A New Normal: Bubble-Up for Safety at Live Events with Flockey. So, how does it work?

Risk 98

Risk Broadcasting Recreation/Entertainment Dashboards 98

O'Reilly on Data

JANUARY 28, 2019

Almost everyone who reads this article has consented to some kind of medical procedure; did any of us have a real understanding of what the procedure was and what the risks were? The outcome might not be what you want, but you've agreed to take the risk. But what about the insurance companies? Which data flows should be allowed?

Insurance 242

Insurance Metadata Data Collection Marketing 242

O'Reilly on Data

OCTOBER 22, 2020

banking, insurance, etc.), It’s also a good indirect measure of training data quality: a team that does not know where their data originated is likely to not know other important details about the data as well. .” Why it’s useful: How can you truly know what is good without also knowing what is bad?

Consulting 358

Consulting Risk Cost-Benefit Modeling 358

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

Cloudera

SEPTEMBER 7, 2023

With AI, financial institutions and insurance companies now have the ability to automate or augment complex decision-making processes, deliver highly personalized client experiences, create individualized customer education materials, and match the appropriate financial and investment products to each customer’s needs.

Insurance 83

Insurance Risk Data-driven Finance 83

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

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

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. If you’re centered only on monitoring numbers, without focusing on the human aspect, you risk business bottlenecks in the long run.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 76

Risk Management Risk Management Measurement 76

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

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 67

Risk Strategy Risk Management Insurance 67

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. Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO.

IT 130

IT Insurance Cost-Benefit Risk 130

Smart Data Collective

MARCH 7, 2021

There are a lot of ways companies are using new advances in machine learning and other data technologies to mitigate the risks of cyberattacks. Attackers target mostly small to medium companies because they don’t take enough preventive measures against cyberattacks. Cybersecurity Insurance. A data breach is never too light.

Big Data 136

Big Data Insurance Data Processing Software 136

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

CIO Business Intelligence

DECEMBER 30, 2024

That means companies can use it on tough code problems, or large-scale project planning where risks have to be compared against each other. Take for example the use of AI in deciding whether to approve a loan, a medical procedure, pay an insurance claim or make employment recommendations.

ROI 141

ROI Software Modeling Interactive 141

CIO Business Intelligence

JANUARY 6, 2025

They protect customers, preserve systemic integrity, and help mitigate risks of financial crises. These regulations mandate strong risk management and incident response frameworks to safeguard financial operations against escalating technological threats.

Risk Management 52

Risk Management Risk Insurance Reporting 52

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

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. It allows for informed decision-making and efficient risk mitigation. Let’s dive in with the definition. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

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

O'Reilly on Data

MARCH 20, 2019

Like many others, I’ve known for some time that machine learning models themselves could pose security risks. An attacker could use an adversarial example attack to grant themselves a large loan or a low insurance premium or to avoid denial of parole based on a high criminal risk score.

Modeling 272

Modeling Machine Learning Predictive Modeling Consulting 272

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

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

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

AUGUST 6, 2024

This article explores the lessons businesses can learn from the CrowdStrike outage and underscores the importance of proactive measures like performing a business impact assessment (BIA) to safeguard operations against similar disruptions. This helps mitigate risks and ensures accountability.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

JULY 13, 2022

Across the globe, cloud concentration risk is coming under greater scrutiny. The proposal would grant authority to classify a third party as “critical” to the financial stability and welfare of the UK financial system, and then provide governance in order to minimize the potential systemic risk. We all know the drill. .

Insurance 98

Insurance Risk Marketing Data Processing 98