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

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

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.” proprietary data, business strategies, methodologies, etc.

Insurance 88

Insurance Risk Data-driven Finance 88

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

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 122

Risk Insurance Measurement Strategy 122

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. 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 27, 2024

Organizations must navigate frameworks like the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and sector-specific mandates such as the Health Insurance Portability and Accountability Act (HIPAA). are creating additional layers of accountability.

Data Governance 132

Data Governance Risk Insurance Metadata 132

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. If you take some action, what changes? Decide where data fits in.

Data Integration 297

Data Integration Insurance Dashboards Modeling 297

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 92

Strategy Cost-Benefit Optimization Risk 92

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

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 69

Data Strategy Strategy Enterprise Insurance 69

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 140

Data Analytics Analytics Advertising Big Data 140

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. That’s why it is important to implement a secure BI cloud tool that can leverage proper security measures. The survey by Flexera mentioned above shows that 89% of enterprises have a multi-cloud strategy.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

DECEMBER 8, 2023

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. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 67

Risk Strategy Risk Management Insurance 67

Occam's Razor

APRIL 30, 2018

They don’t result in taking the entire business strategy or the complete customer journey. 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).

Advertising 118

Advertising Metrics Measurement Insurance 118

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

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

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 Enterprise Optimization 143

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 126

Internet of Things IoT Risk Measurement 126

Occam's Razor

FEBRUARY 3, 2014

Some have even tried original content (a la GoPro ), but originality without key integrations into the overall marketing strategy and media mix is hard to pull off/sustain. For example, if Slimfast is trying to reinvent it's brand and the core of its strategy is new bottles, new look, new TV and print ads strategy (all right and good).

Marketing 151

Marketing Analytics Advertising Measurement 151

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

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 93

Insurance Data Architecture Risk Management Risk 93

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

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

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

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

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

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. Data analytics makes marketing strategies successful. Marketing strategies can use the same method to understand consumer trends and behaviors.

Data Analytics 140

Data Analytics Analytics Insurance Strategy 140

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 100

Insurance Digital Transformation Unstructured Data Machine Learning 100

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 124

Optimization Cost-Benefit Software Measurement 124

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

Occam's Razor

APRIL 25, 2011

and meet many many many executives and hear about their digital marketing strategies, challenges and outcomes. 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. then shut it.

Marketing 127

Marketing Metrics Measurement Testing 127

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

CIO Business Intelligence

JANUARY 11, 2023

Responding to both old and new challenges, IT leaders must reassess their business and technology strategies and, when necessary, realign them to address rapidly evolving business and economic concerns. IT Leadership, IT Strategy. How well teams execute will be key.” The following eight priorities are gaining the most attention.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

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 225

Modeling Machine Learning Predictive Modeling Consulting 225

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 142

IT Strategy Consulting Business Objectives 142