AI-driven automation has been the aim of many enterprises across industries over the past several years, and recent events such as the COVID-19 pandemic have only acted as catalysts that emphasize this priority. The insurance sector is not untouched by this trend...
A subset of advanced analytics called predictive analytics uses historical data along with statistical modeling, data mining, and machine learning to forecast future results. Utilizing trends in this data, businesses use predictive analytics to spot dangers and...
The modern business world has organizations collecting customer data through several channels and maintaining contact records across various databases. But simply having access to this data is not enough as it is also essential to proactively the validity and...
The modern business world has organizations collecting customer data through several channels and maintaining contact records across various databases. But simply having access to this data is not enough as it is also essential to proactively the validity and...
Most businesses today are driven by big data. This has made it necessary for data integration and data migration to be a well-established, seamless process. A competent data migration strategy is a great way for businesses to run operations smoothly without being...
The evolution of new technologies, such as the Internet of Things (IoT), has launched the fourth industrial revolution, or Industry 4.0. A major aspect of Industry 4.0 is the shift from traditional facilities to smart factories. These smart factories are highly...
Most businesses today are driven by big data. This has made it necessary for data integration and data migration to be a well-established, seamless process. A competent data migration strategy is a great way for businesses to run operations smoothly without being...
“Garbage in, garbage out”. Since the invention of punched cards and teletype machines, this maxim has been true. The value that today's advanced IT systems provide to their users, whether it be in accounting, production, or business intelligence, depends much on...
If easy access to comprehensive data wasn’t a priority for health systems before the pandemic, it is now. With the outbreak of the COVID-19 pandemic, healthcare leaders everywhere turned to data to understand the impacts of the virus and make informed decisions for...
In this age of digitization, executives from the insurance industry have started to acknowledge that data is not just a static by-product of business operations; data when used properly can optimize every aspect of the insurance business. A study by the Insurance...