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

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. We need to proceed carefully so there is not unintended bias.

IT 130

IT Insurance Cost-Benefit Risk 130

erwin

FEBRUARY 7, 2019

The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. ROI on the automation solutions was realized within the first year. Users now view end-to-end data lineage from the source layer to the reporting layer within seconds.

Metadata 96

Metadata Insurance Data-driven Cost-Benefit 96

Alation

FEBRUARY 13, 2020

In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016. The research examined the potential ROI enterprises realize by deploying Alation.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. But that may be as much about protecting any competitive advantage as it is about any lack of success.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

IBM Big Data Hub

JULY 10, 2023

According to a new Forrester Consulting study , the IBM Security Randori platform delivered a 303% ROI over 3 years and paid for itself in less than 6 months by helping to mitigate risk exposure, better prioritize risk response decisions and act faster. What can your organization achieve with an offensive security platform?

ROI 50

ROI Insurance Consulting Risk 50

Smart Data Collective

JANUARY 21, 2020

Needless to say, proper implementation can make way for better campaign performances and improved ROI. Based on an independent report released by the PwC, AI is considered as a ready business advantage by almost 72 percent of the concerned individuals. Benefits of AI Marketing.

Marketing 129

Marketing Machine Learning Data Processing Insurance 129

CIO Business Intelligence

JANUARY 7, 2025

In some cases, the business domain in which the organization operates (ie, healthcare, finance, insurance) understandably steers the decision toward a single cloud provider to simplify the logistics, data privacy, compliance and operations. The effectiveness of the cloud CoE comes into play in this phase.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

MARCH 16, 2022

A recent report found that 99% of organizations believe VSM provides key benefits, including accelerated delivery, improved transparency, reduced silos, and more.[1] Leveraging VSM principles, a group at a Fortune 500 Insurance company was able to make some small changes that have proven to deliver significant dividends. Conclusion.

Management 98

Management Cost-Benefit Insurance Business Objectives 98

Smart Data Collective

MARCH 2, 2022

million in seed funding last summer, according to a report by TechCrunch. A recent McKinsey report found that 40% of application development projects fail to meet the intended business goals. Every IT department faces the same problem of diminishing budgets and increasing pressures to prove ROI for every initiative.

Data Science 139

Data Science Enterprise Insurance Digital Transformation 139

datapine

MAY 31, 2022

Luckily there are several ways to keep cloud costs in check , for example, optimizing costs by conducting better financial analytics and reporting, automating policies for ruling, or keeping the management reporting practice on the course, so that these issues in computing could be decreased. Lack of resources/expertise.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. A Forrester report commissioned by vendor ADA found that 95% of financial firms would like their chatbots to understand customer history with the company.

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

Occam's Razor

FEBRUARY 22, 2011

Just when you thought you were finally getting more comfortable with website analytics and the metrics you report, here comes the massive explosion of mobile data! so in many places I've cropped the reports to make them more clear for you. With this report, and not additional tagging etc., It should only get better.

Analytics 113

Analytics Advertising Metrics Measurement 113

Jet Global

AUGUST 17, 2020

The first one is financial reporting, where your company is conveying information to shareholders. High level indicators should be directly reported to the CFO of a company, while higher resolution indicators should be analyzed by the finance department. For a CFO, this is a very important figure to be able to report to shareholders.

Finance 98

Finance Metrics KPI Key Performance Indicator 98

Smart Data Collective

JULY 26, 2023

Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. Companies using big data reportedly have 115% higher ROIs. When selecting the software , look for features such as reporting tools and analytics capabilities.

Data-driven 97

Data-driven Management Big Data Sales 97

bridgei2i

JUNE 24, 2020

There could be analyzing, projected ROI versus alignment of these initiatives to either operational or strategic objectives, or even start with a zero-based budgeting. Listen Now Insurance is among the most-affected industries of the novel Coronavirus. So, there are several parameters being considered.

B2B 117

B2B Enterprise Sales Digital Transformation 117

CIO Business Intelligence

APRIL 22, 2024

“But we took a step back and asked, ‘What if we put in the software we think is ideal, that integrates with other systems, and then automate from beginning to end, and have reporting in real-time and predictive analytics?’” Our organization is depending on us to drive the business into the future,” he adds.

IT 126

IT Data-driven Strategy Consulting 126

CIO Business Intelligence

MAY 16, 2022

Corporations and public sector organizations that have successfully implemented ITIL best practices report huge savings. For example, in its Benefits of ITIL paper, Pink Elephant reports that Procter and Gamble saved about $500 million over four years by reducing help desk calls and improving operating procedures.

IT 105

IT Cost-Benefit ROI Risk 105

IBM Big Data Hub

NOVEMBER 10, 2023

Since 2021, healthcare insurance companies also known as payers, that set service rates, collect payments, process claims, and pay healthcare provider claims, have the obligation to comply with the interoperability requirements set in 2020.

Cost-Benefit 95

Cost-Benefit Insurance Unstructured Data Consulting 95

CIO Business Intelligence

APRIL 20, 2023

Meeting the renewal demands of cyber-insurance carriers for stricter mean time to patch and mean time to repair standards. For example, ABB Americas’ estimated ROI of its investment in Tanium is $1.75 Deploying patches automatically with greater efficiency. Consolidating tools without compromising security. Digital Transformation

Cost-Benefit 72

Cost-Benefit Digital Transformation ROI Software 72

Cloudera

AUGUST 22, 2021

This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. According to Flexera’s 2021 State of the Cloud report , 99% of respondents are using at least one public or private cloud, in other words, a hybrid cloud approach.

Cost-Benefit 105

Cost-Benefit IoT Strategy Digital Transformation 105

CIO Business Intelligence

JULY 26, 2023

Its data specialists use Snowflake to craft the architecture and capture a range of data types, from MLS listings to financial transactions, as well as national housing reports and “exhaust data that spits off the consumer-facing website,” Ligon says. billion in 2022, resource industries $82.1 billion in 2022.

Data Lake 98

Data Lake Digital Transformation Machine Learning Data Architecture 98

Smart Data Collective

AUGUST 3, 2023

Data management tools Fleet maintenance is crucial for ensuring the health and ROI of your fleet. This ensures standardization of work order data, making reporting and uploading into the fleet management software a simple process. Today, most insurance industry blockchain applications focus on streamlining internal processes.

Technology 98

Technology Management Cost-Benefit Manufacturing 98

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. It expected this to be more scalable and allow incremental product deployments and updates.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08

Data Processing 91

Data Processing Cost-Benefit Software Digital Transformation 91

Occam's Razor

APRIL 25, 2011

I fundamentally believe that having a vibrant bi-directional conversation on a destination you control with policies you set and data you control is not just insurance, it is your duty to your customers. via David Rekuc] "Have lunch, get to know your fellow man (or woman), share reports and success metrics and goals."

Marketing 127

Marketing Metrics Measurement Testing 127

bridgei2i

SEPTEMBER 3, 2020

AI-led Intelligent Operations can help a lot and, in fact, already transforming these areas—be it developing smart apps for banking or using drones to do damage surveys for insurance—with its exceptional ability to detect anomalies and recommend next-best options. So, you know, think about an insurance company.

Enterprise 94

Enterprise Insurance Digital Transformation Interactive 94

IBM Big Data Hub

FEBRUARY 14, 2024

AIOps is one of the fastest ways to boost ROI from digital transformation investments. Insurance With AI, the insurance industry can virtually eliminate the need for manual rate calculations or payments and can simplify processing claims and appraisals.

Cost-Benefit 82

Cost-Benefit Insurance Machine Learning Unstructured Data 82

IBM Big Data Hub

APRIL 18, 2024

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. Here are some areas where organizations are seeing a ROI: Text (83%) : Gen AI assists with automating tasks like report writing, document summarization and marketing copy generation.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

AWS Big Data

MARCH 7, 2023

It includes business intelligence (BI) users, canned and interactive reports, dashboards, data science workloads, Internet of Things (IoT), web apps, and third-party data consumers. Popular consumption entities in many organizations are queries, reports, and data science workloads.

Analytics 93

Analytics Data Warehouse Data Lake Metadata 93

Domino Data Lab

FEBRUARY 4, 2019

Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI. To outline that caveat, I count four main points in the article describing necessary conditions which a successful organization must put into practice: Position data science as its own entity—make it its own department, reporting to the CEO.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

CIO Business Intelligence

MARCH 13, 2024

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

Occam's Razor

NOVEMBER 2, 2015

The brand and performance ROI to the company is clear and direct. Bonus: Facebook Advertising / Marketing: Best Metrics, ROI, Business Value. If you truly, gloriously suck on TV, perhaps there's a report on some paper out there. Here's Liberty Mutual Insurance. They have a regular presence on Social Networks.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

Smart Data Collective

JANUARY 7, 2022

Unlike legacy-based systems, a cloud system enables your team real-time access to reports on what is going on your work floor. Be it lead generation reports, SOPs (standard operating procedure), productivity reports, or monthly sales reports, it manages it all. Builds your dream team. The best part? The best part?

Cost-Benefit 126

Cost-Benefit Sales Software Reporting 126

Andrew White

JANUARY 11, 2021

What is unique about the D&A Leadership Vision is that it crossed over into business since for many organizations, the CDO reports into the CEO or COO (as examples). The fill report is here: Leadership Vision for 2021: Data and Analytics. CAO, and even where the CAO reports into a different organization. That’s the idea.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Alation

DECEMBER 2, 2022

For example, the Alation State of Data Culture Report , found that 97% of global data leaders report their companies have suffered the consequences of ignoring data, leading to bad investments, poor forecasts, or the loss of new revenue opportunities. By contrast, ignoring data leads to grave mistakes.

Data-driven 52

Data-driven Insurance Metadata ROI 52

CIO Business Intelligence

NOVEMBER 18, 2024

Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.

IT 134

IT Insurance Strategy Technology 134