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Using Technology to Reduce Operating Costs in Insurance

Using Technology to Reduce Operating Costs in Insurance

by James Taylor | May 1, 2019 | Business Intelligence, Business Re-Design, Decision Management, Decision Modeling, Digital Business, Insurance, Strategy

In February, we published a blog post on “Using Technology to Add Value in Insurance”. That post, referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question?, in which he states that there are only three levers of...
Using Technology to Grow Relationship Value in Insurance

Using Technology to Grow Relationship Value in Insurance

by James Taylor | Apr 15, 2019 | Business Intelligence, Decision Management, Digital Business, Insurance, Predictive Analytics

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question?, in which he argues that there are only three...
What is an Acceptable Analytic Failure?

What is an Acceptable Analytic Failure?

by James Taylor | Apr 2, 2019 | AI, Business Intelligence, Decision Management, Machine Learning, Predictive Analytics, Strategy

Many speakers on predictive analytics, machine learning (ML) and AI talk about the need to allow data science teams to fail. Without failure, without a willingness to fail sometimes, it’s very hard to build a successful data science program. This is true and often a...
Tips for Successful Data Science Implementation in Insurance

Tips for Successful Data Science Implementation in Insurance

by James Taylor | Mar 25, 2019 | AI, Business Intelligence, Business Re-Design, Business Rules, Decision Management, Insurance, Predictive Analytics

Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in  3 challenges facing insurers in data science...
Gartner Analyst’s Take on Decision Management: What It Is and Why You Need It

Gartner Analyst’s Take on Decision Management: What It Is and Why You Need It

by James Taylor | Mar 11, 2019 | Decision Management

February 20th, 2019 W. Roy Schulte, Research Vice President and Distinguished Analyst at Gartner gave an interesting webinar titled, “Decision Management: What It Is and Why You Need It.”  Roy kicked off the webinar by stating that “companies make millions of...
From Machine Learning to Business Learning

From Machine Learning to Business Learning

by James Taylor | Mar 4, 2019 | Decision Management

Machine learning is the scientific study of algorithms and statistical models that computer systems use to effectively perform a specific task without using explicit instructions, relying on models and inference instead. It is seen as a subset of artificial...
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