CIO Business Intelligence

AUGUST 20, 2024

In addition, many companies are still looking for the ROI in their AI projects , and SMBs hoping to reduce costs and cut headcount may instead need to hire prompt engineers to get value out of their investments, he adds. It is too risky, and its ROI is unproven.” SMBs need to get over those concerns or risk being left behind, he says.

Risk 131

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

DECEMBER 30, 2024

Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption. That means companies can use it on tough code problems, or large-scale project planning where risks have to be compared against each other.

ROI 141

ROI Software Modeling Interactive 141

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

DECEMBER 11, 2024

The expectations for AI are high, with 40% of the survey respondents expecting a return of three times or greater ROI, and it is this expectation that is driving investment, with 43% of organisations planning investment increases of over 20% over the next twelve months.

ROI 59

ROI Experimentation Insurance Strategy 59

CIO Business Intelligence

MARCH 12, 2024

With greater scrutiny on margins and ROI, CIOs must spend wisely, making today’s economic environment a more difficult one for selling preemptive projects that don’t produce immediate ROI. When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time.

ROI 122

ROI IT Manufacturing Metrics 122

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. Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO.

IT 130

IT Insurance Cost-Benefit Risk 130

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

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

Alation

FEBRUARY 13, 2020

The research examined the potential ROI enterprises realize by deploying Alation. They looked at the benefits, costs and risks associated with a data catalog investment. It reveals both quantitative and qualitative benefits from data catalog adoption including a 364% return on investment (ROI), $2.7

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. There’s pressure to demonstrate the uptake of true ROI, Gownder adds, but warns we’re not at that point yet.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

Smart Data Collective

JULY 11, 2022

You have to work harder to get a high ROI with social media advertising than with organic content, because you have to spend money on ads. These data analytics platforms make it easier to improve the ROI of your strategy. Any business with a digital component (which is most modern businesses) is at risk of being hacked.

Data Analytics 145

Data Analytics Analytics Advertising Big Data 145

CIO Business Intelligence

SEPTEMBER 13, 2022

Insurance companies also see Infinidat as a storage vendor of choice. One that has spoken out publicly, like Salem Five, is Clientèle Life Insurance, a well-respected insurance company in South Africa. Clientèle Life Insurance reduced risk by choosing Infinidat as its storage solution provider.

Enterprise 97

Enterprise Insurance Cost-Benefit ROI 97

Alation

FEBRUARY 20, 2020

For example, a risk insurance company that has sensitive customer information and transactional data, can store that information in an on-premise system. The cloud could then be leveraged for burst out scenarios, such as processing and adjusting risk policies around a real-time event (e.g. Conclusion.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

Domino Data Lab

MARCH 11, 2021

Machine learning is used in almost every industry, notably finance , insurance , healthcare , and marketing. H2O is widely used in risk and fraud trend analysis, insurance customer analysis, patient analysis in healthcare, advertising costs and ROI, and customer intelligence.

Machine Learning 143

Machine Learning Deep Learning Insurance Modeling 143

CIO Business Intelligence

MAY 11, 2022

Chief Risk Officer (CRO) – Complying with regulatory guidelines may be challenging during times of disruption, especially in heavily regulated industries. Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Director, Risk Assessment. Dugan Krwawicz. Hirun Tantirigama.

Management 98

Management Insurance Testing Finance 98

IBM Big Data Hub

JANUARY 15, 2024

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Digital Transformation 66

Digital Transformation Insurance Optimization ROI 66

CIO Business Intelligence

DECEMBER 5, 2023

CIOs should also periodically review projects in play to reprioritize them based on anticipated ROI and feasibility, says 11:11’s Pratt. Contractors and vendors should be treated like your car insurance,” says Pratt. Ensuring all IT spend is directly tied to business demand acts as an automatic cost optimizer.

IT 138

IT Cost-Benefit Digital Transformation ROI 138

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. Nationwide Insurance achieved a 40% reduction in system outages and estimates a $4.3

IT 105

IT Cost-Benefit ROI Risk 105

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer.

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

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. These requirements enable the exchange of important data between healthcare payers and providers.

Cost-Benefit 95

Cost-Benefit Insurance Unstructured Data Consulting 95

Cloudera

AUGUST 22, 2021

This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. For enterprises in particular, a multi-cloud strategy utilizing both public and private clouds presents an enticing option to diversify risk, increase security and maximise innovation.

Cost-Benefit 105

Cost-Benefit IoT Strategy Digital Transformation 105

datapine

OCTOBER 11, 2023

It allows for informed decision-making and efficient risk mitigation. In time, this will help you increase customer satisfaction and skyrocket warehouse ROI. Enhance efficiency and safety: Ensuring your warehouse operations are efficient and safe is another great benefit of using KPIs.

Metrics 217

Metrics KPI Management Cost-Benefit 217

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. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

IBM Big Data Hub

FEBRUARY 14, 2024

AIOps is one of the fastest ways to boost ROI from digital transformation investments. They can streamline workflows to increase efficiency and reduce time-consuming tasks and the risk of error in production, support, procurement and other areas. ML can also conduct algorithmic trading without human intervention.

Cost-Benefit 82

Cost-Benefit Insurance Machine Learning Unstructured Data 82

IBM Big Data Hub

APRIL 18, 2024

Beyond cost savings, organizations seek tangible ways to measure gen AI’s return on investment (ROI), focusing on factors like revenue generation, cost savings, efficiency gains and accuracy improvements, depending on the use case. A key trend is the adoption of multiple models in production.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

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. Arjun: Absolutely.

Enterprise 94

Enterprise Insurance Digital Transformation Interactive 94

DataRobot

NOVEMBER 15, 2021

This will be further expanded to energy, life sciences, insurance, government, telecommunications and media organizations in 2022. DataRobot AI Cloud on AWS enables organizations across the banking and healthcare industry to easily build, deploy, and monitor machine learning models that yield actionable insights and ROI.

Manufacturing 52

Manufacturing Forecasting Machine Learning Data-driven 52

Alation

MARCH 31, 2023

“The most common roadblocks to the success of D&A initiatives are all human-related challenges,” they noted, citing: Skills shortages Lack of business engagement Difficulty accepting change Poor data literacy throughout the organization With D&A leaders under increasing pressure to show ROI, business alignment is critical.

Data Analytics 52

Data Analytics Analytics Metadata Data Governance 52

Domino Data Lab

FEBRUARY 4, 2019

Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. The ability to measure results (risk-reducing evidence). Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

Ontotext

APRIL 3, 2024

Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. How do I make sure I can manage risk?” We are currently doing non-financial risk identification for a big Financial Services organization.

Technology 45

Technology Risk Digital Transformation Measurement 45

CIO Business Intelligence

MARCH 13, 2024

At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications. Artificial Intelligence, CIO, Generative AI, IT Leadership, ROI and Metrics, Software Development

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

JULY 30, 2024

The risk is very low if we accidentally go in and give away a meal when we should have denied somebody credit for a meal,” he says. Digital assistants Several large IT companies, including Microsoft and Google, have been touting gen AI digital assistants, or copilots, even though CIOs may not be entirely sold on their ROI.

Insurance 144

Insurance Machine Learning Interactive Finance 144

CIO Business Intelligence

AUGUST 7, 2024

It automated and streamlined complex workflows, thereby reducing the risk of errors and enabling analysts to concentrate on more strategic tasks. The company handles 700-plus claims annually, and it relies on insurance to mitigate financial risks. The initiative brought multiple capabilities to the firm’s security operations.

IT 119

IT Insurance Cost-Benefit Testing 119

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Some data is more a risk than valuable. Risk Management (most likely within context of governance). Saul Judah is our main person focusing on D&A risk management. Governance.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

CIO Business Intelligence

AUGUST 1, 2023

As many CIOs prepare their 2024 budgets and digital transformation priorities, developing a strategy that seeks opportunities to evolve business models, targets near-term operational impacts, prioritizes where employees should experiment, and defines AI-related risk-mitigating plans is imperative.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Data Science 98

CIO Business Intelligence

FEBRUARY 5, 2025

Half of CFOs say they plan to cut AI funding if it doesnt show measurable ROI within a year, according to a global survey from accounts payable automation firm Basware, which included 400 CFOs and finance leaders. CIOs are under pressure to validate AI investments and assure CFOs of a clear path of implementation that will ensure ROI.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117

CIO Business Intelligence

MARCH 11, 2025

Business alignment, value, and risk How can an enterprise know whether a business process is ripe for agentic AI? To derive tangible value and ROI on agentic AI, companies need to ensure they have high-quality data, says Saket Srivastava, CIO at work management platform provider Asana. Feaver says.

Consulting 127

Consulting Cost-Benefit Interactive ROI 127