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

CIO Business Intelligence

NOVEMBER 27, 2024

By eliminating time-consuming tasks such as data entry, document processing, and report generation, AI allows teams to focus on higher-value, strategic initiatives that fuel innovation. With the rise of AI and data-driven decision-making, new regulations like the EU Artificial Intelligence Act and potential federal AI legislation in the U.S.

Data Governance 132

Data Governance Risk Insurance Metadata 132

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 126

Reporting Technology Consulting Insurance 126

Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Data-driven Risk 105

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

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

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 143

Software Risk Enterprise Cost-Benefit 143

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

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

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.” Enable reporting to internal teams about the statuses of AI projects. Facilitate communication between stakeholders. Step up to advanced AI oversight.

Insurance 83

Insurance Risk Data-driven Finance 83

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

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

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

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

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

JANUARY 6, 2025

DORA mandates explicit compliance measures, including resilience testing, incident reporting, and third-party risk management, with non-compliance resulting in severe penalties. BMC Helix enables organizations to quickly detect, respond to, and report incidents efficiently.

Risk Management 52

Risk Management Risk Insurance Reporting 52

CIO Business Intelligence

DECEMBER 30, 2024

Take for example the use of AI in deciding whether to approve a loan, a medical procedure, pay an insurance claim or make employment recommendations. Today this happens with meetings and reports, says Malhotra. Thats an area where theres a reasonably broad consensus that this is something we should think critically about, says Mohan.

Software 141

Software ROI Modeling Interactive 141

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

Smart Data Collective

MAY 3, 2021

Have you sat down and imagined a day where you do not have an office to report to, a boss to be bossed around by, and the freedom to work as per will? It also saves cost as they need not promise you with legal requirements of insurance coverage, paid vacations, or investing in excess worker capacity.

Big Data 130

Big Data Data mining Cost-Benefit Insurance 130