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

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] 3] Preparation.

Technology 98

Technology Insurance Interactive Reporting 98

CIO Business Intelligence

MARCH 4, 2025

As a business executive who has led ventures in areas such as space technology or data security and helped bridge research and industry, Ive seen first-hand how rapidly deep tech is moving from the lab into the heart of business strategy. According to a recent IDC study, companies using AI are reporting an average of $3.70

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

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

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. In his role, Vasagiri is responsible for the data and software assets deployed to Swiss Re’s clients, as well as the company’s overall data strategy.

Insurance 98

Insurance Strategy Data-driven Modeling 98

CIO Business Intelligence

JULY 22, 2024

He worked with one insurance company that in 2023 made such a move, driven specifically by the desire to have a firm hold on its regulated data, for example. Moreover, these repatriations show how CIOs have a shrewder, more fluid cloud strategy today to ensure they don’t settle for less than what they want.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

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

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

CIO Business Intelligence

MAY 17, 2023

While formulating their IT modernization strategies, they’d do well to regard data assets with business opportunities in mind. An older bank, grown through acquisition, with one custom-built system supporting its real estate business, while another supports its insurance business.

Data-driven 110

Data-driven Strategy IT Insurance 110

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

NOVEMBER 2, 2023

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023. 1 barrier to moving forward in the cloud.

Strategy 140

Strategy Data Processing Experimentation Optimization 140

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

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

Smart Data Collective

NOVEMBER 1, 2022

In addition, even an insurance agency must ensure that the taxes are paid before the deadline to avoid penalties from government agencies. Availing of all the tax deductions is also necessary, and professional insurance accounting services can help you in this regard. Plan for Tax Season Before it Gets Started.

Strategy 114

Strategy Insurance Software Reporting 114

Jet Global

JANUARY 8, 2021

These operations KPIs help management identify which operational strategies are effective, and those that inhibit the company. Whitepaper: How to Compare Reporting & BI Solutions. How an Operations Dashboard Can Streamline Your Reporting. Why Your Company Should Be Using Operational Metrics to Stay Competitive. Download Now.

Metrics 131

Metrics Manufacturing Reporting KPI 131

Smart Data Collective

FEBRUARY 28, 2022

A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. In this article, we highlight the benefits of ACH payments and strategies that involve using big data to combat ACH fraud. Data-Driven Strategies to prevent ACH Fraud.

Data-driven 122

Data-driven Strategy Big Data Cost-Benefit 122

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

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. This is just a tip of the iceberg of the massive losses the Insurance sector is staring at due to COVID-19’s onset. The insurance industry —which, in the US alone, accounts for $1.2

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

datapine

AUGUST 19, 2020

Explore our modern reporting software for 14 days, completely free! Indeed, they help you drive the most effective behaviors, strategies, and decisions. Explore our modern reporting software for 14 days, completely free! Your Chance: Want to visualize & track inventory KPIs with ease? What Are Inventory Metrics?

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

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

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

MAY 17, 2024

Following is a look at some of the biggest trends in the IT talent market, from hiring practices to salary outlooks to emerging skills — and how they are impacting IT leaders’ talent strategies and IT pros’ career aspirations. For companies looking to hire new talent, salary transparency can help attract candidates.

IT 136

IT Insurance Reporting Manufacturing 136

CIO Business Intelligence

MARCH 31, 2022

To date, many of those appointments have been concentrated in the insurance, banking, media and entertainment, retail, and IT/technology verticals. Strategy& defines a CDO as “a single person at C-suite level or one level below, with responsibility for the company’s strategic approach to data.” Chief data officer job description.

Consulting 134

Consulting Data Strategy Data Governance Strategy 134

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? Risk Mitigation.

Strategy 92

Strategy Cost-Benefit Optimization Risk 92

bridgei2i

JANUARY 18, 2021

Case study: Subrogation Prediction Using Machine Learning for Property Insurance. The client, a leading P&C insurer, wanted to identify property damage claims that have the potential for subrogation & recovery. They also wanted to generate automated referral reports on a weekly basis for further investigation.

Insurance 52

Insurance Machine Learning Enterprise Strategy 52

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

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

Smart Data Collective

MARCH 31, 2022

Consequently, this knowledge gap can affect the company’s efficiency unless the necessary steps are taken to prepare a counter-strategy. 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 131

Machine Learning Insurance Finance Cost-Benefit 131

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 9, 2025

A strong CDO who can communicate and drive the strategy is essential for getting value out of these AI investments. By maintaining executive awareness about the artificial intelligence landscape and its relationship to corporate strategies, literacy programs create an ongoing, two-way dialogue about ideas and opportunities, he says.

Risk 90

Risk Business Driver Data-driven Strategy 90

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. This in turn mandates new SEO (and PPC) strategies, if we don't want to fail.

Optimization 156

Optimization Reporting Metrics Experimentation 156

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. The survey by Flexera mentioned above shows that 89% of enterprises have a multi-cloud strategy. Most organizations did not have a robust cloud adoption strategy in place when they started to move to the cloud.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 67

Risk Strategy Risk Management Insurance 67

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. Are you ready to put AI at the heart of your data protection strategy? Patient data represents a treasure trove for hackers. Take a Security Copilot readiness assessment today. Generative AI

Risk 122

Risk Insurance Measurement Strategy 122

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

Occam's Razor

APRIL 30, 2018

They don’t result in taking the entire business strategy or the complete customer journey. I cannot stress enough that these results can be positive (for the ad business and, in this case, the sales of insurance products). Because success is determined by, innovation is driven by, measurement that is self-reported feelings.

Advertising 118

Advertising Metrics Measurement Insurance 118

O'Reilly on Data

FEBRUARY 20, 2024

Several copywriters have reported being replaced by ChatGPT; one of them eventually had to “accept a position training AI to do her old job.” One report claims that in May 2023, over 80,000 workers were laid off, but only about 4,000 of these layoffs were caused by AI, or 5%. However, a few copywriters don’t make a trend.

Insurance 254

Insurance Modeling Technology Reporting 254