Three key areas that play a crucial role in transforming the way insurance service providers use commercial insurance data analytics. (Graphic: Business Wire)
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With data playing a crucial role in the insurance sector, most insurers have invested in advanced commercial analytics solutions to drive data analysis and insights generation. However, a recent study conducted by the analytics experts at Quantzig helped reveal that about 90% of insurance companies struggle to see a positive business case on data analytics solutions.
This may worth something:
Analytics as a Service: The Big Data Solution for Small Business? | BizTech Magazine
Small businesses collect large amounts of data. Most already generate and manage almost 48 terabytes' worth , and that number is constantly climbing.
To some extent, they're right. Enterprise IT budgets allow more room for in-house expertise and the expansion of IT architecture, while small businesses are often more concerned with keeping the lights on and the doors open. Analytics as a Service offers a way to bridge the gap by providing the infrastructure and operational throughput small businesses need to realize Big Data benefits without breaking the bank.
Sr. Manager, Analytics - RigUp | Built In Austin
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401(k) with 4% match
$2,000 annual vacation stipend starting on your 3rd anniversary
Regular off-site activities such as happy hours, team building events, intramural sports leagues, etc.
Catered breakfast, daily lunch stipend, and a fully stocked kitchen
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Bashas' employs cloud-based solution to support analytics needs | Supermarket News
Chandler, Ariz.-based Bashas' is a third-generation family-owned business founded in 1932 with 130 stores throughout Arizona. With the grocery industry facing unprecedented change and fluctuating demand patterns due to the impact of COVID-19, Bashas' required an analytics partner that empowered non-technical decision-makers to respond to real-time changes in shopper behavior, availability of merchandise and other trends.
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"We look forward to seeing how Hypersonix can identify new growth opportunities from our data," said Edward N. Basha III, president and CEO of Bashas'. "We believe in innovation and partnership and finding ways to support our teams with advanced tools they need to better serve our shoppers and our community."
Quite a lot has been going on:
Alluxio Honored for Product Innovation and Leadership in Data Analytics & AI
SAN MATEO, Calif., July 01, 2020 (GLOBE NEWSWIRE) -- Alluxio , the developer of open source cloud data orchestration software, today announced it has been named a "Gold Stevie® Winner" in the Big Data Solution category in The 18 th Annual American Business Awards® and to the DBTA 100 2020: "The Companies That Matter Most in Data" list.
"Alluxio enables data orchestration for analytics and AI in any cloud to provide data locality, accessibility, and elasticity needed to reduce the complexities associated with orchestrating data for improving business agility and saving the cost," said Haoyuan Li, founder and CEO, Alluxio. "We are honored to be selected for these prestigious recognitions. We thank our customers, partners and the community for their continued strong support."
New Imaging Analytics Method May Boost Schizophrenia Treatment
July 01, 2020 - An innovative imaging analytics method helped researchers categorize subgroups of schizophrenia patients using functional magnetic resonance imaging (fMRI) data, according to a study published in NeuroImage .
The technique could enable researchers to identify key patterns in brain imaging for those with mental illness, and assist in the diagnosis and treatment of patients with mental illnesses that are difficult to identify. Additionally, the method could show medical practitioners whether the current treatments have or have not been working based on image groupings.
Process Mining: From Analytics To Action
But did I say that the world is becoming more impatient? Even though process mining makes understanding your existing processes easier, there is increasing demand for it to improve your processes, and perhaps somewhat less interest in measuring and analyzing them. This is in part a natural reaction to the current economy, in which companies don't feel they have the time or money to analyze—only act.
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Each operational application has functions and information that it provides to different personas within the customer organization. For each different stakeholder—C-level executive, the process leader, and the frontline clerk, there are different systems of notification, analysis, and action. In accounts payable, the CFO "app" looks over high-level metrics and detects anomalies, such as a low level of payables outstanding.
Real-time analytics, during the pandemic and beyond | Healthcare IT News
Clockwise from top left: Google Cloud's Aashima Gupta, NewYork–Presbyterian CIO Daniel Barchi, Mayo Clinic Platform President Dr. John Halamka and Mayo Clinic CIO Cris Ross.
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