Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

Insurance 101

Insurance ROI Marketing Machine Learning 101

Smart Data Collective

MARCH 28, 2019

The life insurance industry will soon undergo a dramatic transformation in response to advances in big data. A number of insurance executives have been reluctant to embrace the changes of big data. One study found that 74% of respondents felt that the insurance industry had done an inadequate job addressing the need for big data.

Insurance 104

Insurance Big Data Cost-Benefit Consulting 104

CIO Business Intelligence

JUNE 12, 2024

Managed infrastructure services provider Kyndryl is considering a bid for competitor DXC Technology, Reuters reported Monday, citing people familiar with the matter. Steven Dickens, vice president of hybrid cloud at The Futurum Group, said that he saw much to be optimistic about if the deal goes through.

Reporting 127

Reporting Technology Consulting Insurance 127

CIO Business Intelligence

DECEMBER 9, 2024

According to NTT DATAs Global GenAI Report , 97% of CEOs expect a material impact from the technology and 99% of respondents are planning more GenAI investment, even though only 43% of the C-suite strongly agree their existing solutions are meeting expectations. [1] NTT DATAs Global GenAI Report now. [1]

Technology 98

Technology Insurance Interactive Reporting 98

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. Still, enterprises are already reporting success deploying AI agents for several use cases. Then human experts enhance those reports.

Software 141

Software Risk Enterprise Cost-Benefit 141

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 Modeling 98

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital Transformation Unstructured Data Risk 96

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

DECEMBER 19, 2024

The insurance company decided to migrate from on-premises BMC Remedy to cloud-based BMC Helix ITSM and Discovery. The companys more recent adoption of BMC ServiceOps has transformed change management processes and IT services management (ITSM) success for his organization.

IT 98

IT Insurance Cost-Benefit Optimization 98

Alation

APRIL 13, 2021

He shows how Texas Mutual Insurance Company has embraced data governance to build trust in data. Through the Snowcase program, we highlighted how Snowflake and Alation help joint customers with data governance in the insurance industry. In this blog, Chris shows how Snowflake and Alation together accelerate data culture. In Conclusion.

Insurance 98

Insurance Data Governance Data-driven Data Quality 98

IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.

Insurance 75

Insurance Predictive Modeling Cost-Benefit Statistics 75

IBM Big Data Hub

MARCH 25, 2024

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

Insurance 85

Insurance Forecasting Risk Risk Management 85

Jet Global

JANUARY 8, 2021

Whitepaper: How to Compare Reporting & BI Solutions. How an Operations Dashboard Can Streamline Your Reporting. As such, insightsoftware has created a specialized reporting software that is compatible with almost any ERP and uses the data to create custom KPI dashboards. Download Now. Staffing Operational Metrics.

Metrics 131

Metrics Manufacturing Reporting KPI 131

CIO Business Intelligence

DECEMBER 3, 2024

NTT DATA’s landmark Global GenAI Report underscores how the technology is gaining momentum. The report identifies that most CEOs view GenAI as transformational. Respondents represent 12 industries, among them banking, investment and insurance, manufacturing, automotive, retail, healthcare and the public sector.

Reporting 78

Reporting Insurance Manufacturing Strategy 78

Jet Global

APRIL 14, 2021

This post will explain why you should be using healthcare KPIs, the top 25 healthcare KPIs and metrics to use in your 2021 reporting, how each KPI is calculated, and how you can use a healthcare dashboard to streamline your reporting process. As such, it is strongly recommended to include these in your healthcare reporting solution.

Metrics 98

Metrics Reporting KPI Insurance 98

Rocket-Powered Data Science

OCTOBER 16, 2020

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical. anticipate cutting jobs.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

CIO Business Intelligence

JANUARY 21, 2025

AI at Wharton reports enterprises increased their gen AI investments in 2024 by 2.3 Deloittes State of Generative AI in the Enterprise reports nearly 70% have moved 30% or fewer of their gen AI experiments into production, and 41% of organizations have struggled to define and measure the impacts of their gen AI efforts.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Occam's Razor

JANUARY 4, 2021

Like you, I consume a whole lot of reports every day – company data, public data. Just yesterday I was quietly seething because none of visuals included in the report contained any context to understand if the performance I was looking at was good or bad. Even if the report has hidden gold. Sometimes repeatedly.

Reporting 113

Reporting Analytics Metrics Visualization 113

Rocket-Powered Data Science

FEBRUARY 12, 2021

Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

CIO Business Intelligence

DECEMBER 9, 2024

NTT DATAs landmark Global GenAI Report underscores how the technology is gaining momentum. The report identifies that most CEOs view GenAI as transformational. Respondents represent 12 industries, among them banking, investment and insurance, manufacturing, automotive, retail, healthcare and the public sector.

Reporting 75

Reporting Insurance Manufacturing Strategy 75

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

Smart Data Collective

DECEMBER 19, 2022

As soon as the billers receive the necessary information, they prepare a claim for the insurance company. Fortunately, cloud technology has helped make it more efficient, as a recent report by McKinsey indicated. Code patient reports correctly. What Are the Benefits of Cloud-Based Medical Billing Technology? Superbill Creation.

Software 131

Software Technology Insurance Cost-Benefit 131

datapine

MAY 6, 2022

These can be the reduction of errors by automating manual reporting and analysis. Linking purchase orders to bills of lading plus relevant insurance documents and insurance paperwork helps you file claims more quickly when something goes wrong. Increase scans and verification. Carve out the time you need to oversee operations.

Management 229

Management Sales Insurance Dashboards 229

BA Learnings

JUNE 17, 2023

Health Insurance You don’t want to be without health insurance. Without insurance, you could get sick or injured and end up with a stack of medical bills you can’t afford to pay down. The majority of Americans get their health insurance through employment. How can you get health insurance as a freelancer?

Insurance 130

Insurance Manufacturing Reporting IT 130

CIO Business Intelligence

MARCH 4, 2025

According to a recent IDC study, companies using AI are reporting an average of $3.70 Satellite technology: Rapid growth in satellite constellations benefits telecom (remote connectivity), insurance and agriculture (high-resolution crop monitoring and disaster assessment). CRISPR) for personalized medicine and drought-resistant crops.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

Smart Data Collective

OCTOBER 3, 2023

In reports, these codes are used to streamline processes like billing and processing health insurance claims. When doctors and other healthcare professionals provide care and treatment to patients, they write reports to indicate the type of services they provide. RN coders can be very helpful in this regard.

Data Strategy 130

Data Strategy Strategy Insurance Data-driven 130

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

datapine

AUGUST 19, 2020

Explore our modern reporting software for 14 days, completely free! Explore our modern reporting software for 14 days, completely free! These costs can include warehousing costs, insurance, employee costs as well as damages of goods, rent, utilities, etc. Explore our modern reporting software for 14 days, completely free!

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Smart Data Collective

JULY 8, 2021

However, they should not be passive about waiting for their bank, insurance company or other financial institution to advise them about new technology that can assist them. This will help you identify mistakes on your credit report or insurance accounts, which could be costing you higher interest rates or premiums.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

CIO Business Intelligence

SEPTEMBER 24, 2024

This is a significant change moment,” says Rich Wiedenbeck, CAIO of Ameritas, an insurance and financial services company headquartered in Lincoln, Nebraska. Both Wiedenbeck and the new CIO report to the executive office, consisting of the CEO and the president/COO.

IT 130

IT Insurance Cost-Benefit Risk 130

Smart Data Collective

MARCH 31, 2022

It can accomplish this in a number of ways, such as reviewing past performance reports and error rates on certain projects to figure out which employees you should delegate to. Machine learning technology can help in this area by determining the skills different employees have in handling different tasks.

Machine Learning 131

Machine Learning Insurance Finance Cost-Benefit 131

Jet Global

DECEMBER 9, 2020

Insurance and excise taxes may reduce as inventory levels decline. ERP systems do a very good job of providing the necessary levers and switches required to classify and manage inventory, but standard ERP reports that accompany those modules leave quite a lot to be desired. Inventory reduction has other benefits as well.

Reporting 81

Reporting Finance Sales Measurement 81

CIO Business Intelligence

MAY 17, 2024

An unprecedented spike in tech hiring between 2019 and 2021 further complicates today’s market, as many tech companies “flush with cash” hired “beyond their needs solely to keep them from being hired by rivals,” according to the 2024 Dice Tech Salary Report.

IT 136

IT Insurance Reporting Manufacturing 136

Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points. IoT examples such as telematics-based travel or car insurance enable a very personalized insurance policy (more on this in a prior post ).

Analytics 102

Analytics Insurance IoT Risk 102

CIO Business Intelligence

APRIL 23, 2024

Although the total number of deals declined in 2023 compared to the previous year, the average deal size remained constant, the report said. Many of the large deals were signed in the Nordics, including the Danske Bank and Infosys contract and the LahiTapiola Mutual Insurance and CG deal, which further fueled the growth in the region.”

Management 123

Management IT Enterprise Uncertainty 123

CIO Business Intelligence

JUNE 22, 2023

Here are the 10 industries with the highest tech salaries, and how much they’ve increased in value since 2021, according to the 2023 Dice Tech Salary Report. Consulting firms are increasingly turning to tech talent to help build in-house platforms, according to the report from Dice. Average salary: US$131,995 Increase since 2021: 0% 2.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

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. Patient data represents a treasure trove for hackers. It’s little wonder that data theft is increasingly common in the healthcare sector.

Risk 122

Risk Insurance Measurement Strategy 122