Automate the business intelligence pipeline

Automate the business intelligence pipeline

Demand for data by today’s business users is growing exponentially in two ways. First, business users have exhausted the opportunities in the data they hold. They want more sources of data to find new value, and they want the data to be accurate to deliver analytic outcomes. Second, the number of data-savvy business analysts is larger than ever and growing …

5 Reasons to Use Business Intelligence at Your Call Center

5 Reasons to Use Business Intelligence at Your Call Center

People often speak of business intelligence (BI) in the same breath as “business performance improvement” (BPI) and “informed decision-making.” Both statements are true and entirely applicable to the modern call center. However, business intelligence holds other benefits for your call center or collections agency. We discuss a few of them here, alongside the aforementioned BPI and decision-making. Allow yourself to …

Why Healthcare is Behind the Data Curve

Why Healthcare is Behind the Data Curve

The healthcare sector has been trailing industries such as banking and retail when it comes to adoption of data analytics, but a growing number of success stories in healthcare provide proof of concept for other organizations to get on board. Nearly every industry is searching for ways to create value from rapidly expanding amounts of data, but few sit on …

Japanese insurance claim agents are now being replaced by a robot – the IBM Watson supercomputer

Japanese insurance claim agents are now being replaced by a robot – the IBM Watson supercomputer

A Japanese insurance company has decided to get rid of 34 jobs and instead get artificial intelligence to take over assessing medical insurance claims over the phone. Starting from January 2017, Tokyo-based Fukoku Life Insurance Mutual Company is handing over the roles of 34 human insurance agents to IBM Watson Explorer, which is a cognitive search and content analysis platform …

Advanced and Predictive Analytics (APA) Software Market is Expected to Exceed CAGR of 8.6% by 2020

Advanced and Predictive Analytics (APA) Software Market is Expected to Exceed CAGR of 8.6% by 2020

The growth of the Advanced and Predictive Analytics (APA) software market is primarily driven by the implementation of Big Data repositories, such as NewSQL, NoSQL, Hadoop databases and other platforms, to enhance the ability of computing data and business value from APA. Additionally, the shift in preference of business analysts towards becoming data scientists is also contributing in boosting the …

Big Data Already Paying Off in Insurance Fraud Detection

Big Data Already Paying Off in Insurance Fraud Detection

There’s a lot of talk right now about how big data is going to change insurance. Artificial intelligence and prescriptive analytics are definitely coming, and they will definitely change the insurance industry. To get a better idea of the specific ways in which big data applications are going to play out, it’s worth examining how data analytics are being used …

Big Data: The (F1) Button For Medical Insurers -

Big Data: The (F1) Button For Medical Insurers –

The synchronized emergence and merge of electronic medical records (EMRs) and data science led to the evolution of other sciences that started to re-shape the healthcare research. Precision medicine, predictive analytics, evidence based medicine (EBM) were all results of this synergetic merge. Accordingly, the emergence of those new sciences led to re-shaping the policies of the healthcare insurance and medical …

How location intelligence is reshaping three different industries

How location intelligence is reshaping three different industries

Over the past few years, the use of geospatial data for consumer applications has boomed. People now wear watches that track their running routes and mileage, use navigation devices and applications in their cars for directions, and check their phones to locate everything from nearby restaurants to doctor’s offices and pharmacies. Increasingly, enterprises are getting in on the action, too, …

Insurance companies aren't covering climate risk — is Big Data to blame?

Insurance companies aren’t covering climate risk — is Big Data to blame?

The insurance sector is struggling to manage escalating risk for society as the cost of climate change begins to bear down in the form of more frequent and severe weather events. Total economic losses from natural disasters such as floods and storms have increased fivefold since the 1980s to around $170 billion today. More worryingly, over the same period the …

Study Defines the CDO Reason

Study Defines the CDO Reason, Role, and Responsibilities for 2017

Among organizations that have created an office around the chief data officer, three primary business objectives stand out as driving forces. They are to: Improve efficiency (cited by 93 percent of CDOs surveyed by Gartner Group as a primary or secondary objective); increase competitive advantage (cited by 89 percent); and create greater customer intimacy (cited by 88 percent). Other top …