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. Massive growth in proven use cases This year, weve seen some use cases proven to have ROI, says Monteiro.

ROI 141

ROI Software Modeling Interactive 141

Rocket-Powered Data Science

FEBRUARY 12, 2021

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. The average ROI from RPA/IA deployments is 250%. Robotic Process Automation is for “more than once” automation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

Decision Management Solutions

JUNE 19, 2019

There is a common high-level customer journey for insurance customers. Here at Decision Management Solutions we’ve helped insurance carriers in the US and Asia develop innovative approaches to developing and delivering NBO/NBA initiatives. This process automation also improves the ROI on marketing programs. By: Zoe Zhou.

Insurance 75

Insurance Consulting Predictive Analytics Interactive 75

CIO Business Intelligence

OCTOBER 17, 2024

Liberty Dental Plan insures about 7 million people in the United States as a dental insurance company. And over time I have been given more responsibility on the operations side: claims processing and utilization management, for instance, both of which are the key to any health insurance company (or any insurance company, really).

Management 111

Management Insurance ROI Cost-Benefit 111

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.” There is a lot of legal peril that SMBs have not taken into account.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

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

datapine

MAY 6, 2022

A few saved orders are often all it takes to get into positive ROI territory based on increased labor costs. Linking purchase orders to bills of lading plus relevant insurance documents and insurance paperwork helps you file claims more quickly when something goes wrong. Automate simple steps.

Management 229

Management Sales Insurance Dashboards 229

Smart Data Collective

SEPTEMBER 29, 2022

OCR and Other Data Extraction Tools Have Promising ROIs for Brands. Driver’s license verification for insurance purposes. Let’s say your company is an insurance company. In order to insure their vehicle, motorists must provide their driver’s license in order to issue an insurance certificate.

Data-driven 145

Data-driven Data Quality Optimization Insurance 145

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 these additional costs appear, the original ROI prognosticators get unhappy. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

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. Metadata-Driven Automation in the Insurance Industry. Again, ROI was achieved within a year.

Metadata 96

Metadata Insurance Data-driven Cost-Benefit 96

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. The life insurance industry has not been historically focused on pure efficiency, but the cost-per-unit concept is coming into the business.”

IT 130

IT Insurance Cost-Benefit Risk 130

Alation

FEBRUARY 13, 2020

The research examined the potential ROI enterprises realize by deploying Alation. While correlating ROI and data culture for increased collaboration can be difficult, Forrester was able to put numbers to many of the benefits enterprises see with Alation. Their research is documented in an extensive report published today.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

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

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. It’s also important to invest in cyber insurance. Email marketing.

Data Analytics 145

Data Analytics Analytics Advertising Big Data 145

Decision Management Solutions

MARCH 17, 2022

We recently posted a poll on where insurers see digital transformation making the biggest impact on their business. Decision Management Solutions has helped many leading insurance businesses modernize over the years – so we have lots of experience in this area – but we were curious where others were focused.

Digital Transformation 52

Digital Transformation Insurance ROI Machine Learning 52

Smart Data Collective

MARCH 23, 2023

Advanced AI algorithms can reduce costs, save time, and improve ROI. Health and Business Insurance Deductions If you are reluctant to pay for your family or business insurance plans, consider them as a business expense with applicable limits. Similarly, you can lower the tax bill by deducting the business insurance costs.

Cost-Benefit 113

Cost-Benefit Insurance Advertising Consulting 113

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. These customers are able to harness business context to drive usage, empowering insights and ultimately leading to increased ROI in the data lake. Conclusion.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

Smart Data Collective

JANUARY 21, 2020

Needless to say, proper implementation can make way for better campaign performances and improved ROI. With AI marketing at the helm, insurance companies, dental clinics, and a host of other firms offering services will be immensely benefited as they will no longer have to promote their offerings over every single platform.

Marketing 129

Marketing Machine Learning Data Processing Insurance 129

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

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

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.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

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

MARCH 16, 2022

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. For example, one team at a multinational automobile manufacturer has moved its projects into value streams and started to see a number of benefits. Conclusion.

Management 98

Management Cost-Benefit Insurance Business Objectives 98

Smart Data Collective

NOVEMBER 17, 2021

Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. You will have a higher chance of improving your ROI, while also being able to meet your investing goals more easily. Data analytics has become a crucial element of the financial industry.

Analytics 131

Analytics Big Data Data-driven Marketing 131

CIO Business Intelligence

FEBRUARY 2, 2023

Choose your groups carefully Generally, Duty attends meetings that are relevant to insurance, leadership, women in technology, or those hosted by consulting groups she wants to get to know better. His counsel: “Pick one, and don’t look for an immediate ROI on your investment of time. He’s also active on LinkedIn.

IT 119

IT Insurance Data Processing ROI 119

CIO Business Intelligence

APRIL 19, 2022

Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes. Going after full ROI moves an IA program from a technology play into technology + change management.” – Maxim Ioffe | Global Intelligent Automation Leader, WESCO.

Digital Transformation 111

Digital Transformation Insurance Business Objectives ROI 111

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. billion, and for insurance, the savings will approach $1.3 But most of these tools fall far short of organization’s goals for the technology.

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

Smart Data Collective

MARCH 2, 2022

Every IT department faces the same problem of diminishing budgets and increasing pressures to prove ROI for every initiative. One area of enterprise digital transformation that can be solved with no-code is customer data collection, such as forms and paperwork in insurance and banking. Need for cost savings.

Data Science 139

Data Science Enterprise Insurance Digital Transformation 139

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

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

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

datapine

MAY 31, 2022

In both cases, the return on investment (ROI) is healthy. For example, healthcare organizations in the USA have to comply with HIPAA ( Health Insurance Portability and Accountability Act of 1996 ), public retail companies have to comply with SOX ( Sarbanes-Oxley Act of 2002 ), and PCI DSS ( Payment Card Industry Data Security Standard ).

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

JANUARY 15, 2024

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., 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

IBM Big Data Hub

OCTOBER 2, 2023

It is a confidential and convenient way to get clinically validated responses to questions about fertility, and it can also connect people with the right medical care providers in the Ovum Health network which takes both Medicaid and commercial insurance in certain states.

Insurance 86

Insurance ROI Interactive Testing 86

CIO Business Intelligence

MAY 11, 2022

Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Organizations may acquire insurance to protect the tangible assets (e.g., Designing resilient technology solutions enables compliance with regulatory requirements while also mitigating secondary fallout.

Management 98

Management Insurance Testing Finance 98

CIO Business Intelligence

FEBRUARY 16, 2024

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. It is hard to have the ROI and know the efficacy of these things,” Nagrath says. “We There are a lot of tools and offerings out there, but it is still so nascent.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116