CIO Business Intelligence

DECEMBER 19, 2024

The power of AI operations (AIOps) and ServiceOps, including BMC Helix Discovery , can transform how you optimize IT operations (ITOps), change management, and service delivery. New migrations and continuous features were being deployed, and the team was unable to prioritize process optimization and noise reduction efforts.

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

DECEMBER 1, 2022

For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. Although current operations were running optimally, Hastings understood that its PAS’s lack of integration with modern technologies would eventually create issues.

Insurance 111

Insurance Management Cost-Benefit Digital Transformation 111

Smart Data Collective

JANUARY 19, 2023

Reasons for Cost Optimization Cost optimization is an important part of any organization’s DevOps strategy. By optimizing costs, organizations can maximize their profits and keep up with the ever-changing business landscape. But what are some of the reasons why DevOps teams should consider cost optimization?

Optimization 124

Optimization Cost-Benefit Software Measurement 124

AWS Big Data

AUGUST 21, 2024

To address this requirement, Redshift Serverless launched the artificial intelligence (AI)-driven scaling and optimization feature, which scales the compute not only based on the queuing, but also factoring data volume and query complexity. The slider offers the following options: Optimized for cost – Prioritizes cost savings.

Optimization 105

Optimization Data Lake Data Warehouse Cost-Benefit 105

CIO Business Intelligence

JULY 31, 2023

Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. Second, RDA addresses post-NatCat planning to help insurers’ prioritize property inspections. trillion. “If

Insurance 98

Insurance Strategy Data-driven Predictive Analytics 98

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

Insurance 97

Insurance Risk Unstructured Data Data-driven 97

CIO Business Intelligence

JULY 22, 2024

He worked with one insurance company that in 2023 made such a move, driven specifically by the desire to have a firm hold on its regulated data, for example. As a result, organizations were unprepared to successfully optimize or even adequately run their cloud deployments and manage costs, prompting their move back to on-prem.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

JANUARY 5, 2025

For example, process and task mining can uncover inefficiencies and identify opportunities for optimization, while RPA and low/no-code platforms can empower teams to automate repetitive tasks and develop solutions rapidly. AI in action The benefits of this approach are clear to see. 4] On their own AI and GenAI can deliver value.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

Smart Data Collective

MAY 8, 2022

With GPS fleet tracking and superior data analytics capabilities, fleet managers can implement regulations using available data that helps to optimize services. Road safety is maintained, and insurance payments for damaged vehicles can be avoided. Dispatching the Closest Vehicles.

Optimization 122

Optimization Data Analytics Management Analytics 122

Cloudera

JULY 15, 2021

For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Attendees included senior risk managers and analytics experts from financial institutions and insurance companies. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 100

Risk Optimization Management Insurance 100

Decision Management Solutions

MAY 1, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. That post, referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , in which he states that there are only three levers of value in insurance: 1. Sell More , 2. Cost Less to Operate.

Insurance 75

Insurance Technology Predictive Analytics Risk 75

Smart Data Collective

SEPTEMBER 15, 2019

One of the biggest ways that it is disrupting the industry is by creating new engagement strategies and optimizing relationships. Insure your business. If you want to become successful in the music industry, it’s essential that you insure your business. Big data is having a number of impacts on the industry.

Big Data 102

Big Data Optimization Insurance Predictive Analytics 102

CIO Business Intelligence

DECEMBER 9, 2024

These developments come as data shows that while the GenAI boom is real and optimism is high, not every organisation is generating tangible value so far. In insurance, we can soon expect to see agentic agents manage the end-to-end workflow for customer engagements.

Technology 98

Technology Insurance Interactive Reporting 98

Smart Data Collective

AUGUST 11, 2022

Insurance companies are using data analytics to improve their actuarial processes. The post Using Data Analytics to Optimize Your Cash Collection Approach appeared first on SmartData Collective. Companies are projected to spend nearly $12 billion on financial analytics services by 2028.

Data Analytics 128

Data Analytics Optimization Analytics Cost-Benefit 128

bridgei2i

OCTOBER 12, 2020

Case study: Demand Elasticity Estimation and Price Optimization for an Insurance Major. The client is a P&C insurance leader in Asia wanted to optimize their price & demand elasticity estimation. Business Context. How BRIDGEi2i Delivered Value? Download the case study! Listen to our podcast AI to Impact!

Insurance 52

Insurance Optimization Enterprise Strategy 52

CIO Business Intelligence

JANUARY 21, 2025

Other document processing use cases include conducting clinical trials in life sciences, loan underwriting in retail banking, and insurance claims processing. AI-driven tools streamline workflows and reveal valuable insights, allowing organizations to manage contract reviews, risk analysis, and compliance with greater efficiency.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

MARCH 4, 2025

Operational efficiency: Logistics firms employ AI route optimization, cutting fuel costs and improving delivery times. 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

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

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. Step up to advanced AI oversight. Develop next-gen personalized financial products.

Insurance 83

Insurance Risk Data-driven Finance 83

Decision Management Solutions

APRIL 15, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

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

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

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

MAY 28, 2022

As the Boston-based insurance company’s journey to the cloud has unfolded, it has also maintained a select set of datacenters from which to run legacy applications more economically than they would on the cloud, as well as software from vendors that make licensing on the cloud less attractive. “It

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

CIO Business Intelligence

MARCH 19, 2025

In October, Microsoft announced that 100,000 organizations including Standard Bank, Thomson Reuters, Virgin Money, and Zurich Insurance are using Copilot Studio, double the number just months earlier. A lot of people have focused on the optimization use cases, he says.

Software 143

Software Risk Enterprise Cost-Benefit 143

bridgei2i

NOVEMBER 25, 2020

Automated Sales & Underwriting Strategies can Transform Insurance. One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. Images 1: Challenges before insurance industry in the post-Corona world.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Smart Data Collective

DECEMBER 19, 2022

As soon as the billers receive the necessary information, they prepare a claim for the insurance company. Providers can be billed using codes (the providers can be connected to insurers through the same cloud infrastructure). By doing this, we can determine what procedures and services are covered by the patient’s insurance.

Software 131

Software Technology Insurance Cost-Benefit 131

O'Reilly on Data

OCTOBER 11, 2022

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. No dataset tells you the structure of the world; that requires human expertise and experience.

Data Integration 353

Data Integration Insurance Dashboards Data-driven 353

Smart Data Collective

AUGUST 29, 2022

Today, there are many advanced ML approaches that you can use to enhance your analytics and gain valuable insights on how to optimize business processes, improve decision-making, build the right customer relationships, and leverage your market proposition. Top ML approaches to improve your analytics. Times are changing — for the better!

Analytics 132

Analytics Predictive Analytics Machine Learning Insurance 132

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

Rocket-Powered Data Science

FEBRUARY 12, 2021

IA incorporates feedback, learning, improvement, and optimization in the automation loop. The AAI report covers these industries: energy/utilities, financial/insurance, government, healthcare, industrial/manufacturing, life sciences, retail/consumer, services/consulting, technology, telecom, and transportation/airlines.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

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 The two most frequently cited motivations for using multiple cloud providers were data sovereignty or locality (cited by 41% of respondents) and cost optimization (40%). Multi Cloud

Cost-Benefit 143

Cost-Benefit Insurance Enterprise Optimization 143

IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 53

Insurance Digital Transformation Risk Management Interactive 53

bridgei2i

JUNE 23, 2021

6 Ways AI Is Taking The Insurance Industry Into The Future. For example, the insurance industry is witnessing a strong acceleration in the adoption and growth of AI for task automation, improvement of service quality, and data-driven decision making. Insurance is a resource-intensive field. Claim Handling. Fraud Detection.

Insurance 52

Insurance Deep Learning Risk Data-driven 52

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Automation, and generative AI in particular, can transform the insurance industry, he adds.

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

Smart Data Collective

MAY 31, 2019

Whether it is identity authentication, increasing the speed of cross-border payments , supply chain optimization or transportation logistics, blockchain technology has been providing solutions to a variety of industries. move within the insurance and banking chain through documents and forms. in productivity gain. Unlike the U.S.,

Insurance 91

Insurance Risk Marketing Technology 91