Top 3 Ways to Improve Patient Care Through Healthcare Data Governance
Healthcare data governance also known in the industry as “information governance,” refers to a framework that manages data assets to ensure confidentiality, appropriate access, and accurate maintenance and storage of patient information. Traditionally, it’s also supported regulatory compliance efforts at both the state and federal level (HITRUST, HIPAA, and PII protection, for example). Looking beyond security […]
Better Data, Better Underwriting: Simplify underwriting with better data
Advanced data analytics enable insurance carriers to evaluate risk at a far more granular level than ever before, but big data can only deliver real business value when carriers ensure data integrity. For P&C insurance, that starts with having accurate and precise information as to the location of an insured property. Data quality is critical, […]
Property Insurance: Meeting Core Data Challenges
Inflationary pressures, an increase in natural disasters, and secondary perils are creating challenges for property insurance carriers, exposing them to additional risks and undermining profitability. How can property insurers mitigate these economic challenges? Data plays a critical role, but to succeed, carriers must govern and manage their data effectively, building data integrity and developing scalable […]
Build Trusted Data for Your Insurance Cloud Migration Initiatives
It is a challenge for insurance companies to increase organizational agility in the face of rapidly evolving business conditions and a changing regulatory environment. High inflation and an increase in claims have fueled escalating costs. The ongoing global pandemic has underscored the need for insurance carriers to be highly responsive and adaptable to change. Technology […]
4 Industries Using Location Intelligence to Make Better Decisions
Today’s companies are becoming experts at extracting business intelligence from data and making business decisions. One element that’s still underutilized is location intelligence. What is location intelligence? Forrester defines location intelligence as “the practice of collecting and managing customer location data, enriching it with other data sources, and analyzing for contextual insights for the purposes […]
3 Ways Insurance Carriers Can Improve the Policyholder Experience
2022 has been a year of drastic weather events; including wildfires, devastating floods, and large-scale storms, such as Hurricane Ian. In a recent report, insurance broker Aon found that insured losses are expected to exceed $100B for the third year in a row, with Hurricane Ian likely to be the most costly disaster seen this […]
Best of 2022: Round Up
As 2022 wraps up, we would like to recap our top posts of the year in Data Integrity, Data Integration, Data Quality, Data Governance, Location Intelligence, SAP Automation, and how data affects specific industries. Let’s take a look! Best of Data Integrity Data integrity empowers your businesses to make fast, confident decisions based on trusted […]
Best of 2022: Top 5 Insurance Blog Posts
In insurance, data is everything. Accurate, consistent, and contextualized data enables faster, more confident decisions when it comes to your underwriting, claims processing, risk assessments, and beyond. Let’s explore the impact of data in this industry as we count down the top 5 insurance blog posts of 2022. #5 3 Steps to Increase Insurance Claims […]
How are Insurance Carriers Maximizing Their Return on Investment?
The hallmark of business leaders in the 2020s is their capacity to successfully execute digital transformation initiatives. Globally, businesses spent $1.3 trillion on digital transformation in 2020. That number is expected to rise to $2.3 trillion by 2023. For insurance carriers, the primary area of focus has been portfolio and risk realignment, shifting from commoditized […]
3 Data Integrity Examples in the Insurance Industry
In virtually every industry, data is playing a more important role than ever before in driving decisions. There are vast increases in the amount of data available, including information that would never have been imaginable in the past (such as mobile trace data). At the same time, the ability to store, manage, and process all […]
6 Industries Where Mainframes are Still King
Ever wonder why companies like IBM are still selling mainframes? Hint: It’s not because they’re living in the past. It’s because the mainframe is still crucial in a number of industries. It’s telling that mainframes are important not only because some companies are still using the mainframe systems they bought years ago and have yet […]
4 Examples of How Enriched Data Can Generate Value
Advanced business analytics deliver competitive advantage to organizations that have the foresight to leverage data-driven insights as part of their strategic decision-making processes. A company’s first-party data is one of its most valuable assets, but the value of that information falls far short of its potential if it is not also enriched with trusted, curated […]