AWS Big Data

JANUARY 16, 2024

This makes it difficult to implement a comprehensive DR strategy. By combining metric monitoring, available dashboards, and automatic alarming, you can promptly detect unavailability of your primary environment, enabling proactive measures to transition to your DR plan.

Strategy 106

Strategy Metadata Metrics Dashboards 106

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 115

Risk IT Insurance Risk Management 115

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

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

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. 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.

Metrics 217

Metrics KPI Management Cost-Benefit 217

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. Generative AI

Risk 121

Risk Insurance Measurement Strategy 121

CIO Business Intelligence

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Allstate expects to be up and running in 10 states this year for automobile policies and 19 states for rental insurance. “We

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

CIO Business Intelligence

NOVEMBER 19, 2024

They understand that their strategies, capabilities, resources, and management systems should be configured to support the enterprise’s overarching purpose and goals. Recognize IT and business are inseparable IT and business strategies are now fully intertwined, observes Jay Upchurch, EVP and CIO at analytics vendor SAS.

IT 108

IT Strategy Consulting Business Objectives 108

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.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Cloudera

MAY 6, 2021

In this article, I will be focusing on the contribution that a multi-cloud strategy has towards these value drivers, and address a question that I regularly get from clients: Is there a quantifiable benefit to a multi-cloud deployment? Risk Mitigation.

Strategy 91

Strategy Cost-Benefit Optimization Risk 91

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. It’s a future state worth investing in.

Insurance 88

Insurance Data Architecture Risk Management Risk 88

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

OCTOBER 10, 2024

A medical, insurance, or financial large language model (LLM) AI, built from scratch, can cost up to $20 million. One challenge with setting KPIs is measuring the results, adds Kathy Gersch, chief growth and commercial officer at Kotter International, a change management consulting firm.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

CIO Business Intelligence

JULY 16, 2024

In the meantime, IT decision-makers across the globe are finding it challenging to determine exactly how the technology fits into their companies’ overall business strategy. That could explain why almost 40% of those surveyed still don’t have a genAI usage policy in place for their staff.

Insurance 122

Insurance Strategy Manufacturing Technology 122

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., Centering on customer value, the company prioritizes long-term development and innovation.

Digital Transformation 66

Digital Transformation Insurance ROI Optimization 66

CIO Business Intelligence

FEBRUARY 16, 2024

Building an effective GenAI strategy is about much more than launching a point solution or siloed group of tools that only work for one part of the business. In fact, there are five key areas CIOs need to consider when developing an enterprise GenAI strategy, all of which become much more achievable with the right partnerships in place.

Strategy 138

Strategy Insurance Digital Transformation Enterprise 138

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

Smart Data Collective

JULY 11, 2022

As digital business strategies continue to evolve, the Chief Marketing Officer (CMO) must adapt their skills and knowledge to not only keep up, but get ahead. This is going to entail learning more about the benefits of data analytics and how they can be integrated into their overall marketing strategy. Social Media Marketing.

Data Analytics 134

Data Analytics Analytics Advertising Big Data 134

Smart Data Collective

OCTOBER 31, 2022

It often requires implementing multiple organizational strategies to safeguard company and consumer data. HIPAA – The Health Insurance Portability and Accountability Act (enacted in 1996) is a series of regulations for the healthcare industry to ensure that patient data remains private and secure. Is Your Business Compliant?

Internet of Things 120

Internet of Things IoT Risk Insurance 120

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 knowledge can inform your own risk management and business continuity strategies.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

JANUARY 29, 2024

Wenhold has instituted a number of strategies to empower Power’s creator culture. 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.

IT 128

IT Insurance Digital Transformation Technology 128

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 It was not a result we were seeking, it was the result of reality,” said Marco Barioni, CEO of Reale ITES, the company’s internal IT engineering services unit.

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

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. For most coastal countries, climate change and flooding are critical topics of policy and development strategies.

Optimization 52

Optimization Insurance Machine Learning Risk 52

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. Doing so requires a robust data management strategy.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

AUGUST 29, 2022

In a recent survey of 1,500 global executives, about three in four executives (78%) cite technology as critical for their future sustainability efforts, attesting that it helps transform operations, socialize their initiatives more broadly, and measure and report on the impact of their efforts.

Enterprise 97

Enterprise Internet of Things Measurement Finance 97

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 Cost-Benefit 150

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. Indeed, they help you drive the most effective behaviors, strategies, and decisions. Your Chance: Want to visualize & track inventory KPIs with ease?

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Smart Data Collective

JANUARY 19, 2023

Reasons for Cost Optimization Cost optimization is an important part of any organization’s DevOps strategy. Outsourcing developers can be more cost effective than managing an in-house team due to lower overhead costs such as equipment, licenses, insurance and office space.

Optimization 119

Optimization Cost-Benefit Software Measurement 119

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 94

Insurance Digital Transformation Unstructured Data Machine Learning 94

CIO Business Intelligence

SEPTEMBER 11, 2024

The most successful CIOs are now starting to look through the lens, not of technology first, but being hyper-focused on the business outcome they’re measuring or delivering against. “They must effectively explain complex technological concepts and their business implications to non-technical executives and board members.

Digital Transformation 122

Digital Transformation Technology Insurance Data-driven 122

CIO Business Intelligence

APRIL 27, 2022

The NPHIES health information exchange platform, designed to unify patient care records for healthcare providers and optimise insurance services, is central to the digital transformation of healthcare in Saudi Arabia. It includes two main components: the insurance services and the clinical services (including unified health records).

Insurance 52

Insurance Digital Transformation Measurement Technology 52

CIO Business Intelligence

MARCH 8, 2023

In fact, 95% of CEOs globally already see the need to adopt a digital-first strategy. Firstly, digital businesses embrace a digital-first enterprise strategy led by the CEO and other C-suite executives. Adversalo of Malayan Insurance Co., But what does it mean to be a digital business? Maria Beatriz A.

Enterprise 98

Enterprise Digital Transformation Insurance Strategy 98

CIO Business Intelligence

MARCH 31, 2022

To date, many of those appointments have been concentrated in the insurance, banking, media and entertainment, retail, and IT/technology verticals. Strategy& defines a CDO as “a single person at C-suite level or one level below, with responsibility for the company’s strategic approach to data.” Chief data officer job description.

Consulting 134

Consulting Data Strategy Strategy Data Governance 134

IBM Big Data Hub

OCTOBER 9, 2023

Risk management processes help identify potential sources of harm and take preventive and protective measures to minimize patient risks. UEM provides part of the necessary capabilities for implementing solid risk management methodologies and risk management processes within the wider cybersecurity strategy for the healthcare industry: 1.

Risk Management 76

Risk Management Risk Management Measurement 76

IBM Big Data Hub

FEBRUARY 15, 2024

Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk. These include ongoing mitigation strategies and targets for the reduction of greenhouse gas emissions, such as emissions of carbon dioxide and methane.

Insurance 59

Insurance Risk Statistics Strategy 59

IBM Big Data Hub

NOVEMBER 10, 2023

Since 2021, healthcare insurance companies also known as payers, that set service rates, collect payments, process claims, and pay healthcare provider claims, have the obligation to comply with the interoperability requirements set in 2020. These requirements enable the exchange of important data between healthcare payers and providers.

Cost-Benefit 95

Cost-Benefit Insurance Consulting Unstructured Data 95

Smart Data Collective

JANUARY 26, 2022

Usually, the legal space lacked the data to measure appropriately and report its findings. Legal analytics is the process of implementing data into your decision-making on topics affecting legal forms and attorneys, like legal strategy, a matter of forecasting, and resource management. Improved Insurance Claim Processing.

Data Analytics 75

Data Analytics Analytics Predictive Analytics Insurance 75