Remove Business Analytics Remove Insurance Remove Social
article thumbnail

Combating Fraud in Insurance with Data

Cloudera

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. The different venues to commit fraud against an insurer are mind-boggling, with serious financial consequences.

Insurance 101
article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Data analytics vs. business analytics.

Analytics 203
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

7 famous analytics and AI disasters

CIO

Organizations across every industry have been and continue to invest heavily in data and analytics. But like oil, data and analytics have their dark side. According to CIO’s State of the CIO 2022 report, 35% of IT leaders say that data and business analytics will drive the most IT investment at their organization this year.

Analytics 218
article thumbnail

The Journey to Understanding your Insurance Customers

Cloudera

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

article thumbnail

6 Smart Investment Decisions To Make As An Entrepreneur

Strategy Driven

A well-maintained building and environment is easier on the eyes and markets your business better to a potential customer. Buying the right insurance. Insurance on your property, car, and health is an added layer of protection to your assets. The business rewards will be worth the sacrifice. Investing in yourself.

article thumbnail

8 Leading Areas for Change In Risk Management/Analysis In The Coming Years

Strategy Driven

The most common risk transfer instruments are contracts and insurance. They are widely used across verticals to cushion the blow of unforeseen circumstances and allow businesses to continue their operations. Risky behavior is the subject of many new studies in the fields of social, psychology, neuroscience, and cognitive sciences.

article thumbnail

Apiumhub among top IT industry leaders in Code Europe event

Apiumhub

This year you will have 6 unique tracks: Cloud Computing: IaaS, PaaS, SaaS DevOps: Microservices, Automation, ASRs Cybersecurity: Threats, Defenses, Tests Data Science: ML, AI, Big Data, Business Analytics Programming languages: C++, Python, Java, Javascript,Net Future & Inspire: Mobility, 5G data networks, Diversity, Blockchain, VR.