Lessons from the Front Lines of Data Modernization

The explosion of disparate data types and formats may seem overwhelming to even the most fervent of digital junkies, but the information deluge is generating new opportunities for businesses across the board. With data spawned by both humans and machines (sensors, drones, etc.), and from sources such as real-time weather and location-based systems and feeds […]

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Can Digital Innovation Impact Insurance Ratings?

The clock is ticking for the insurance industry. In May, the comment period ended for providing feedback on a new procedure for scoring and assessing insurers’ innovation capabilities. According to AM Best – the rating agency creating the scoring mechanism – innovation is becoming increasingly critical to the long-term success of all insurers, especially with […]

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Engineering Your Digital Strategy for Business Success (First of a Multi-Part Series)

IDC estimates that 40% of all technology spending will be applied to “digital transformation,” with enterprises spending nearly $2 trillion by the year 2022. The trouble is, few businesses understand how to maximize their investment while also keeping the business at peak performance. Additionally, companies don’t always explore all the ways that services, processes and […]

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Shining a Light on Insurers’ Digital Capabilities

Every insurance executive I meet with recognizes the importance of digital to their ongoing business success, and most are full-speed ahead on programs to upgrade their digital business capabilities. But if I asked 10 executives to define what they mean by “digital,” I’d get 10 different answers. As a result, insurers may be investing in […]

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How Life Insurers Can Apply AI’s Art of the Possible

Medical information and data has grown exponentially in recent years, posing new challenges for life insurance underwriting. With often voluminous medical histories to assess risk, the process can take an inordinate amount of time. Applicants can end up frustrated, dropping out of the application process and seeking other alternatives, perhaps with competitors, in search of […]

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What CCPA Means for Insurers

Because insurance is a highly regulated, state-specific industry, insurers already have much of the structural underpinnings in place required by the California Consumer Privacy Act (CCPA). Yet the new legislation is disruptive to insurers for two distinct reasons. One is that it requires carriers to know precisely where their data goes – a detail not […]

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What Do Clean Water and Clean Project Plans Have in Common? AI

Let’s start with water. Pumps and complex piping systems keep our houses, factories, schools and hospitals functioning. But if something goes wrong, it’s impossible to always have the right technical skills available at every pump installation. This is where AI can transform the process. We teamed up with Grundfos, one of the world’s largest pump […]

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