CIO Business Intelligence

DECEMBER 20, 2022

But succeeding in the cloud can be complex, and CIOs have continued to fumble their cloud strategies in 2022 in a variety of ways, industry observers say. We have continued to evolve our cloud strategy as we gain more insight into the leverage we can gain in engineering, resilience, scaling, security, and market testing.”

Strategy 119

Strategy Insurance Digital Transformation Consulting 119

CIO Business Intelligence

NOVEMBER 2, 2023

Yet, controlling cloud costs remains the top challenge IT leaders face in making the most of their cloud strategies, with about one third — 35% — of respondents citing these expenses as the No. 1 barrier to moving forward in the cloud. However, as these environments grow and become more complex, the challenges persist.”

Strategy 140

Strategy Data Processing Experimentation Optimization 140

Smart Data Collective

AUGUST 11, 2022

Data analytics technology has become very important for helping companies manage their financial strategies. There are many great benefits of using data analytics to improve financial management strategies. Insurance companies are using data analytics to improve their actuarial processes.

Data Analytics 127

Data Analytics Optimization Analytics Cost-Benefit 127

Smart Data Collective

MAY 8, 2022

How can fleet management companies make use of big data to improve their customer service strategies? With GPS fleet tracking and superior data analytics capabilities, fleet managers can implement regulations using available data that helps to optimize services. The fleet management industry is no exception. Keep reading to find out.

Optimization 117

Optimization Data Analytics Management Analytics 117

CIO Business Intelligence

JUNE 6, 2024

In striking this balance, digital and technology leaders have long optimized for cost, but so rapidly is business evolving that many of them are reconsidering that approach. From 2011 to 2023, Perkins led technology in various senior-level roles for global property and casualty group Zurich Insurance.

Strategy 122

Strategy IT Cost-Benefit Digital Transformation 122

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. Learn how the right AI strategy can take your business to its pinnacle. Business Context.

Insurance 52

Insurance Optimization Enterprise Strategy 52

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

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

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

AWS Big Data

JANUARY 16, 2024

This makes it difficult to implement a comprehensive DR strategy. In the following sections, we discuss two Amazon MWAA DR strategy solutions and their architecture. This strategy provides a low-cost and low-complexity solution that is also suitable for mitigating against data loss or corruption within your primary Region.

Strategy 111

Strategy Metadata Metrics Dashboards 111

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.” proprietary data, business strategies, methodologies, etc. Push predictive analytics to optimize operations and enhance profitability. Supercharge communication.

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

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

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? Infrastructure Cost Optimization. Infrastructure Optimization . Infrastructure Optimization.

Strategy 92

Strategy Cost-Benefit Optimization Risk 92

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

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 122

IT Insurance Consulting Risk 122

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. However, you will have a hard time getting by without a sound big data strategy in 2019. Insure your business. Big data is having a number of impacts on the industry. 4) Get industry knowledge.

Big Data 82

Big Data Optimization Insurance Predictive Analytics 82

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. 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

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

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

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%).

Cost-Benefit 143

Cost-Benefit Insurance Enterprise Optimization 143

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

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Informed decision-making: The biggest benefit of using KPIs and metrics in your warehousing strategies is informed decision-making. Making the use of warehousing metrics a huge competitive advantage.

Metrics 217

Metrics KPI Management Cost-Benefit 217

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

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. These tools also help optimize the cloud for cost, governance, and security. The survey by Flexera mentioned above shows that 89% of enterprises have a multi-cloud strategy. Governance/Control.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

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

Smart Data Collective

MAY 10, 2022

The analysis helps them execute trades at the most optimal prices. There are a few dedicated marketplaces for buying automated trading strategies, e.g., the MQL5 Marketplace. Developers also use AI to backtest their trading strategies. Now, insurance providers are using artificial intelligence to assess risk levels.

Marketing 123

Marketing Technology Insurance Machine Learning 123

CIO Business Intelligence

FEBRUARY 13, 2023

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This should secure our business strategy for the next five years and longer.”

IT 145

IT Insurance Machine Learning Marketing 145

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. This leads to a “knowledge decision gap.”

Data Integration 297

Data Integration Insurance Dashboards Modeling 297

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

OCTOBER 17, 2022

CIO Steve Zerby not only has a seat at the table, but he’s driving business strategy at the manufacturing company thanks to his panoptic view of the centralized yet global organization. They’re able to see the technologies, processes, and people “moving in different directions, the strategies involved, and how they fit together.

Insurance 145

Insurance Strategy Technology Manufacturing 145

CIO Business Intelligence

JUNE 22, 2023

Consulting In the consulting industry, technology has become an important tool for making decisions, designing solutions, improving processes, and providing insights on optimizing business strategy. And as more insurance companies develop client-facing apps and services, there’s a need for UX/UI designers, developers, and engineers.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

Smart Data Collective

AUGUST 29, 2022

They need a more comprehensive analytics strategy to achieve these business goals. 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.

Analytics 127

Analytics Predictive Analytics Machine Learning Insurance 127

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

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

IT 128

IT Insurance Digital Transformation Technology 128

AWS Big Data

MARCH 14, 2024

VMware Tanzu CloudHealth is the cloud cost management platform of choice for more than 20,000 organizations worldwide, who rely on it to optimize and govern their largest and most complex multi-cloud environments. It also showcased how the chosen setup accelerates data transfer, optimizing both time and resources.

Management 126

Management Insurance Optimization Strategy 126