Cloudera

OCTOBER 21, 2020

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

Insurance 72

Insurance Unstructured Data Digital Transformation Cost-Benefit 72

CIO Business Intelligence

JUNE 19, 2024

Everyone remembers the guesswork and uncertainty of the pandemic. Underpinning all this is data, the element that fuels AI but also threatens it if security and privacy of patient records are put at risk in any way. Meanwhile, the huge bureaucracy associated with patient care and medical records will be automated by machines.

Uncertainty 145

Uncertainty Insurance Cost-Benefit Data-driven 145

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Insurance . Data Variety. This will only become more important as we move into 2021 and a post-pandemic new normal.

Insurance 95

Insurance Digital Transformation Unstructured Data Machine Learning 95

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

CIO Business Intelligence

MARCH 8, 2023

CIO Leadership Live’s Drinkwater recently spoke with West about how to put people first in a system under increasing pressure to function as it strives to digitally transform amid a backdrop of political and environmental uncertainty. Watch the full video below for more insights. What we saw was the digital tail wagging the clinical dog.

Insurance 98

Insurance Digital Transformation Interactive Risk 98

Smart Data Collective

JANUARY 19, 2021

This is intriguing as the world faces uncertainty from Covid-19, but crypto is not the only investment bringing massive returns to investors. Many companies like Amazon, Walmart, and Ford use blockchain technology to track supply chains which have increased trust and reduced risks with consumers and investors.

Finance 139

Finance Insurance Uncertainty Marketing 139

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Much of this reluctance stems from the regulatory environment, arising from lengthy reviews and approvals processes, or even simple near-term regulatory uncertainty. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

CIO Business Intelligence

OCTOBER 12, 2023

But it’s not just about making a list and sticking with it,” says Hema Tatineni, vice president of the Strategic Programs Office at CopperPoint Insurance. For example, some stakeholders may be more risk adverse than others, or more resistant to change, or more prone to panic when problems arise.

Management 137

Management Uncertainty Consulting Risk 137

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

CIO Business Intelligence

DECEMBER 10, 2024

The total value of private equity exits is on track to hit its lowest level in five years , this year, amid an environment of persistent macroeconomic uncertainty, skittishness in the IPO market, and continued geopolitical uncertainty. Data and AI need to be at the core of this transformation.

Uncertainty 97

Uncertainty Data-driven Marketing Insurance 97

Jet Global

JULY 23, 2020

Fortunately, the level of uncertainty has fallen considerably, as many businesses are beginning to re-open, albeit with some restrictions and under capacity restrictions. F&A should be monitoring receivables closely, understanding which customers may be at risk, and taking an aggressive stance on collections.

Uncertainty 95

Uncertainty Finance Cost-Benefit Reporting 95

CIO Business Intelligence

SEPTEMBER 12, 2022

The greatest barrier to innovation is competing priorities and lack of time to innovate, observes Santhosh Keshavan, executive vice president and CIO of financial and insurance services firm Voya. Now the capability is embedded in the product development process. Santhosh Keshavan, executive vice president and CIO, Voya.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

DECEMBER 5, 2023

Economic uncertainty, increased competition, sustainability concerns, shareholder expectations, and regulatory challenges are also top of mind. Contractors and vendors should be treated like your car insurance,” says Pratt. But it’s not the only one. When it is renewal time, make sure to scrutinize and shop around.”

IT 138

IT Cost-Benefit Digital Transformation ROI 138

IBM Big Data Hub

SEPTEMBER 28, 2023

This process is designed to help mitigate risks so that model outputs can be deployed responsibly with the assistance of watsonx.data and watsonx.governance (coming soon). For many businesses and organizations, this can introduce uncertainties that slow adoption of generative AI, particularly in highly regulated industries.

Testing 87

Testing Finance Enterprise Modeling 87

DataRobot

JUNE 1, 2021

Industries such as banking and credit, insurance, healthcare and biomedicine, hiring and employment, and housing are often tightly regulated. You should first identify potential compliance risks, with each additional step again tested against risks. Recognizing and admitting uncertainty is a major step in establishing trust.

Uncertainty 52

Uncertainty Machine Learning Advertising Risk 52

Domino Data Lab

JUNE 2, 2019

Trying to dissect a model to divine an interpretation of its results is a good way to throw away much of the crucial information – especially about non-automated inputs and decisions going into our workflows – that will be required to mitigate existential risk. Because of compliance. Admittedly less Descartes, more Wednesday Addams.

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

IBM Big Data Hub

APRIL 18, 2024

Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. The AGI would need to handle uncertainty and make decisions with incomplete information. Audio (56%) : Gen AI call centers with realistic audio assist customers and employees.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

Sisense

JULY 29, 2021

This data can be used for fuel-consumption calculations and even to reduce insurance rates. Ride Vision is planning its next level of growth by partnering with motorcycle manufacturers as well as resellers and insurers. The virtual platform helps banks expand their services into new regions painlessly and with low risk.

Insurance 52

Insurance Marketing Uncertainty Reporting 52

Domino Data Lab

JULY 22, 2019

You know, companies like telecom and insurance, they don’t really need machine learning.” What I’m trying to say is this evolution of system architecture, the hardware driving the software layers, and also, the whole landscape with regard to threats and risks, it changes things. It’s not going to happen.

Data Science 109

Data Science Machine Learning Data Governance Modeling 109

Peter James Thomas

AUGUST 12, 2018

The above is a somewhat simple metric, in a section of Using historical data to justify BI investments – Part I , I cover some actual Insurance industry metrics that build on each other and are a little more convoluted. Is New Business Growth something that is even worth tracking; what will we do as a result of understanding this?

Metrics 49

Metrics Statistics Data Quality Measurement 49

CIO Business Intelligence

MARCH 27, 2023

At The Hartford Insurance Co., For example, underwriters used to toggle between nearly a dozen tools to get their job done — today they use one streamlined tool with all relevant information at their fingertips to make better decisions while understanding risks, Soni says. Deepa Soni, CIO, The Hartford Insurance Co.

Strategy 109

Strategy Digital Transformation Insurance Technology 109

CIO Business Intelligence

FEBRUARY 13, 2025

However, as AI adoption accelerates, organizations face rising threats from adversarial attacks, data poisoning, algorithmic bias and regulatory uncertainties. Without robust security and governance frameworks, unsecured AI systems can erode stakeholder trust, disrupt operations and expose businesses to compliance and reputational risks.

Risk 116

Risk Data-driven Finance Risk Management 116

Jet Global

FEBRUARY 2, 2023

Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. Safety incidents lead to mounting costs, including increased insurance payments and settlements. Globally, construction is projected to grow substantially.

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

Jet Global

MAY 10, 2021

At a time of great uncertainty, the role of finance professionals has, of necessity, evolved into an ever more strategic one. Risk and compliance issues that may impact certain actions or decisions. Improving credit risk analysis. As organizational priorities shift, so too do the priorities of finance teams.

Finance 98

Finance Recreation/Entertainment Reporting Uncertainty 98

Jet Global

NOVEMBER 16, 2021

If you start too big, you run the risk of overwhelming your team and losing faith in the program. It means that a large portion of assets are financed by debt, which implies a higher rate of return for the owners but creates uncertainty around returns to shareholders. Managing metrics is a resource intensive and time consuming task.

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

JULY 14, 2022

But you can mitigate risks of business cash flow problems by having the right tools at your side. Poor cash flow can prevent your company from being agile, which can hinder your opportunities to make investments, buy a competitor, or avoid risks. It allows a business to control the risk of not being paid on time or at all.

Finance 52

Finance Cost-Benefit Measurement Sales 52

Jet Global

JANUARY 31, 2022

Unstable supply chains and uncertainty about future domestic tax rates have added to the challenges faced by transfer pricing teams in recent times. It is, therefore, not surprising that the 2021 EY Tax Risk and Controversy Survey across 1,265 respondents in 60 countries and 20 sectors, identified Transfer Pricing to be the # 1 tax risk.”.

Finance 52

Finance Technology Recreation/Entertainment Reporting 52

Jet Global

JANUARY 31, 2022

That, in turn, helps leaders to plan effectively for a range of circumstances, allowing for greater flexibility to accommodate uncertainty. In many cases, it is used to evaluate best case, worst case, and likely estimates. After all, it’s a far-reaching process that involves multiple stakeholders throughout your organization.

Forecasting 52

Forecasting Recreation/Entertainment Finance Cost-Benefit 52

Jet Global

OCTOBER 18, 2021

Factory shutdowns, shipping bottlenecks, and shortages of raw materials have led to substantial uncertainty for businesses seeking to address the vicissitudes of supply-side availability. In many cases, you’re not just losing an individual sale–you’re losing the customer. Since 2020, global supply chains have been especially problematic.

Forecasting 52

Forecasting Recreation/Entertainment Sales Finance 52