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Even with this uptick in HR experts who know how to work with data, only about 29% of professionals are taking advantage of insights from peopleanalytics. One reason for this is that many organizations have not progressed beyond simple reporting to applying more advanced analytics of seeking trends and generating predictions.
Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.
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They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!
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It is even more essential now that supply chains are empowered with a high standard of data and analytics sophistication to be able to cost-effectively serve the company’s purpose and combat risks at the same time. And do you think analytics could have predicted this crisis? Anushruti: Perfect. Love the simile, by the way.
She’s the founder and CEO of StatWeather, a company, which was recognized as number one in climate technology globally in the year, 2017, by the Energy Risk Awards. So, then we need systems, analysts, database administrators, people who can set in place, these types of backup systems for risk management. Not just that.
And the customers are avoiding the risk of exposure. On the supply chain side, companies are actually using simulation-based demand and inventory planning methods to manage supply chain risk, and take dynamic demand patterns into consideration. Listen Now Insurance is among the most-affected industries of the novel Coronavirus.
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