CIO Business Intelligence

MARCH 11, 2025

Its about orchestrating data, digital solutions and human intelligence to optimize decision-making and unlock new opportunities. The Insurance LLM is trained on 12 years worth of casualty insurance claims and medical records and is powered by EXLs domain expertise. Its not just about implementing technology.

Enterprise 108

Enterprise Insurance Forecasting Optimization 108

CIO Business Intelligence

DECEMBER 19, 2024

Below, I recap my virtual event conversation with two IT leaders, who shared their first-hand experience of the benefits that BMC Helix solutions have delivered in respective use cases. The insurance company decided to migrate from on-premises BMC Remedy to cloud-based BMC Helix ITSM and Discovery.

IT 98

IT Insurance Cost-Benefit Optimization 98

Corinium

JUNE 6, 2019

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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. Late last year, Vasagiri’s property solutions division released a significant new tool to help its clients. trillion. “If

Insurance 98

Insurance Strategy Data-driven Predictive Analytics 98

CIO Business Intelligence

OCTOBER 30, 2024

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

CIO Business Intelligence

MARCH 16, 2022

Insurance companies are no longer only there for their customers in times of disaster. Modern approaches to insurance and changes in customer expectations mean that the insurance business model looks very different than it used to. For many insurers, this means investing in cloud. We didn’t.

Insurance 105

Insurance Cost-Benefit Data Processing Strategy 105

CIO Business Intelligence

JUNE 19, 2023

million people, with more than 400 sites of care, including six hospitals, and as the organization struggled with these issues, it quickly became apparent that insurance authorization for imaging and radiology services — a foundational diagnostic step before almost any care can begin — was a bottleneck.

Insurance 105

Insurance Technology Interactive Enterprise 105

CIO Business Intelligence

JANUARY 5, 2025

When AI solutions are designed to address isolated problems without integrating broader organizational data and insights, they miss opportunities to drive transformative outcomes. Meanwhile, AI-powered tools like NLP and computer vision can enhance these workflows by enabling greater understanding and interaction with unstructured data.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

CIO Business Intelligence

NOVEMBER 27, 2024

Organizations must navigate frameworks like the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and sector-specific mandates such as the Health Insurance Portability and Accountability Act (HIPAA). are creating additional layers of accountability.

Data Governance 132

Data Governance Risk Insurance Metadata 132

Smart Data Collective

SEPTEMBER 28, 2022

Data management is a growing field, and it’s essential for any business to have a data management solution in place. A data management solution helps your business run more efficiently by making sure that your data is reliable and secure. Big data management solutions can also help you to ensure that your data is secure.

Big Data 126

Big Data Management Data Quality Cost-Benefit 126

CIO Business Intelligence

FEBRUARY 20, 2025

Customer concerns about old apps At Ensono, Klingbeil runs a customer advisory board, with CIOs from the banking and insurance industries well represented. Banking and insurance are two industries still steeped in the use of mainframes, and Ensono manages mainframes for several customers.

Insurance 108

Insurance Cost-Benefit Unstructured Data Data Lake 108

CIO Business Intelligence

OCTOBER 13, 2022

Any vertical modernization approach should balance in-depth, vertical sector expertise with a solutions-based methodology that caters to specific business needs. With the right industry solution and implementation partner in place, organizations can steer towards effective modernization.

Insurance 115

Insurance Data Warehouse Manufacturing Forecasting 115

CIO Business Intelligence

MARCH 5, 2025

But AI itself presents a solution in the form of an orchestration layer embedded with AI agents. Benefits of EXLs agentic AI Unlike most AI solutions, which perform a single task, EXLerate.AI The biggest challenge enterprises face when it comes to implementing AI is seamlessly integrating it across workflows.

Insurance 85

Insurance Cost-Benefit Interactive Enterprise 85

CIO Business Intelligence

SEPTEMBER 13, 2022

The Infinidat solution also enabled the company to substantially lower their CAPEX and OPEX. Likewise, another company that values the competitive edge that Infinidat’s storage solutions delivers is Salem Five Bank, a full-service financial services corporation. Insurance companies also see Infinidat as a storage vendor of choice.

Enterprise 97

Enterprise Insurance Cost-Benefit ROI 97

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]

Technology 98

Technology Insurance Interactive Reporting 98

AWS Big Data

AUGUST 6, 2024

This has led to the emergence of real-time OLAP solutions, which are particularly relevant in the following use cases: User-facing analytics – Incorporating analytics into products or applications that consumers use to gain insights, sometimes referred to as data products. Taking this to production requires a higher level of scalability.

OLAP 110

OLAP Analytics Visualization Dashboards 110

CIO Business Intelligence

NOVEMBER 11, 2024

Stephen Crowley, senior advisor for S&L Ventures and former CIO of global technology solutions at Covetrus, still sees that future as a little way off. For the global risk advisor and insurance broker that includes use cases for drafting emails and documents, coding, translation, and client research.

ROI 137

ROI Cost-Benefit Risk Experimentation 137

Cloudera

SEPTEMBER 7, 2023

There’s also the risk of various forms of data leakage, including intellectual property (IP) as well as personally identifiable information (PII) especially with commercial AI solutions. The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.”

Insurance 83

Insurance Risk Data-driven Finance 83

O'Reilly on Data

MARCH 22, 2019

I’m not OK with those same images going to an insurance consortium, where they can become evidence of a “pre-existing condition,” or to a marketing organization that can send me fake diagnoses. Whatever solutions we end up with, we must not fall in love with the tools. It's possible to abuse or to game any solution.

Metadata 275

Metadata Advertising Insurance Modeling 275

CIO Business Intelligence

JANUARY 21, 2025

For example, attackers recently used AI to pose as representatives of an insurance company. Unlike traditional security solutions that can only rely on predefined rules, AI can learn from its environment and evolve its security protocols accordingly.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

CIO Business Intelligence

DECEMBER 3, 2024

However, only 2 in 5 respondents strongly agree that their existing GenAI solutions meet their requirements. 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

Rocket-Powered Data Science

OCTOBER 16, 2020

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

CIO Business Intelligence

NOVEMBER 7, 2024

Monica Caldas is an award-winning digital executive who leads a team of 5,000 technologists as the global CIO for Liberty Mutual Insurance. As a technology organization supporting a global insurance company, job No. Monica Caldas: I always think of technology as having a defensive and an offensive side. That’s the defensive side.

Insurance 120

Insurance Experimentation Testing Technology 120

Smart Data Collective

DECEMBER 19, 2022

A cloud-based medical billing software program automates billing in order to help practices get paid faster, improve workflow efficiencies, help practice the IT solution for healthcare and keep patient information up-to-date. As soon as the billers receive the necessary information, they prepare a claim for the insurance company.

Software 131

Software Technology Insurance Cost-Benefit 131

DataKitchen

OCTOBER 20, 2023

In this article, we explore the role of Payload DJs in addressing these complexities, illustrated with examples from industries like drug discovery and insurance. Example 3: Insurance Card Tracking In the pharmaceutical industry, disjointed business processes can cause data loss as customer information navigates through different systems.

Insurance 169

Insurance Metadata Data-driven Data Quality 169

CIO Business Intelligence

JULY 12, 2022

We recently caught up with Mike Fuhrman, Chief Product and Information Officer at Flexential, to learn how the company is helping customers gain the connectivity and cloud solutions they need and what it means to be VMware Cloud Verified.

Enterprise 98

Enterprise Internet of Things Data Processing Insurance 98

CIO Business Intelligence

AUGUST 21, 2024

From insurance to banking to healthcare, organizations of all stripes are upgrading their aging content management systems with modern, advanced systems that introduce new capabilities, flexibility, and cloud-based scalability. With WorkView, you can build workable solutions with almost no code at all.

Management 111

Management Enterprise Insurance Cost-Benefit 111

CIO Business Intelligence

JULY 26, 2024

As eye-popping estimates emerge for the cost to enterprises of dealing with aftermath of last week’s CrowdStrike-induced outages, it’s crucial to break down the sources of these expenses and understand how much of the financial burden will be absorbed by cyber insurance. billion to $1.08

Insurance 119

Insurance Risk Enterprise Marketing 119

CIO Business Intelligence

JANUARY 21, 2025

Other document processing use cases include conducting clinical trials in life sciences, loan underwriting in retail banking, and insurance claims processing. AI-driven tools streamline workflows and reveal valuable insights, allowing organizations to manage contract reviews, risk analysis, and compliance with greater efficiency.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. For saving time and resources in Fintech Business on the need to involve Automation in it.

Insurance 137

Insurance Machine Learning Cost-Benefit Data-driven 137

Smart Data Collective

SEPTEMBER 29, 2022

Delegating the management and processing of your documents to an OCR solution is to be sure to process them faster and more accurately. Driver’s license verification for insurance purposes. Let’s say your company is an insurance company. Find your OCR solution provider and ask them for their OCR pricing.

Data-driven 145

Data-driven Data Quality Optimization Insurance 145

O'Reilly on Data

SEPTEMBER 11, 2018

Knowing whether a person purchases cigarettes can be of great interest to an insurance company, as can knowing whether a cardiac patient is buying bacon. It can't control what an insurance company, or even a government agency, might do with that data: deny medical benefits? Send a social worker?

Advertising 246

Advertising Insurance Experimentation Strategy 246

CIO Business Intelligence

DECEMBER 9, 2024

However, only 2 in 5 respondents strongly agree that their existing GenAI solutions meet their requirements. 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

CIO Business Intelligence

JULY 30, 2024

Digital assistants can also be specialized for specific needs, says Nick Rioux, co-founder and CTO of Labviva, provider of an AI-assisted purchasing solution. For product companies, understanding customer feedback is crucial,” says Aswini Thota, director of AI and data science at banking and insurance provider USAA.

Insurance 144

Insurance Machine Learning Interactive Finance 144

CIO Business Intelligence

AUGUST 21, 2024

“Modern IDP platforms take intelligent document capture and processing to a new level,” says Dennis Chepurnov, Product Marketing Manager at Hyland, which makes enterprise content management solutions that include IDP. Learn how Hyland’s enterprise content management solutions can help your business. [1] 20, 2023.

Insurance 122

Insurance Unstructured Data Structured Data Enterprise 122

CIO Business Intelligence

MARCH 15, 2022

Almost no industry was exempt from these sweeping changes, though several unique challenges landed squarely on the healthcare insurance sector. With Avaya OneCloud solutions, Engagent has been able to increase their conversion rate by 60% and care plan engagement by 80% (compared to other average providers). .

Insurance 126

Insurance Data-driven Enterprise Technology 126

CIO Business Intelligence

DECEMBER 30, 2024

Looking ahead to 2025, I expect small language models , specifically custom models, to become a more common solution for many businesses, says Andrew Rabinovich, head of AI and ML at Upwork. Take for example the use of AI in deciding whether to approve a loan, a medical procedure, pay an insurance claim or make employment recommendations.

Software 141

Software ROI Modeling Interactive 141