The pandemic has hit insurers hard. Despite lower claims volumes due to reduced crime and fewer cars on the road, the sheer financial and reputational cost of COVID-19 has been enormous for the industry as a whole. Since March 2020, Lloyd's of London has made a loss due to GBP
In my 25 years in the data and analytics arena, I’ve had the good fortune to work across many sectors. Historically within the private sector, but more recently with the public sector. With digital transformation firmly on the agenda, public sector bodies are leading the way in many ways in
A dummies dashboard: every line is a group of models, the pie-chart in the center tells you how many models you manage.
The 10th edition of this series puts the spotlight on two organizations at which I had the pleasure of helping to teach students the humble beginnings of data, analytics and data visualization: Avans and HAN (Hogeschool van Arnhem en Nijmegen). My sources for this post are Gerben Muller, who initially
By Paul Ridge, Head of Insurance, SAS UK & Ireland Black swan events are not unknown to the insurance industry. Whether it’s natural disasters such as the Japanese earthquake in 2011, the Chernobyl disaster in 1986 or pandemics such as the SARS virus in 2002. By their nature, these kinds
Data, AI and digital transformation will define the industry of the future. The die is cast. Without an industrial approach for analytics, there will be no future! Diamonds are forever Khepri, a deity of ancient Egypt, symbolized the morning rebirth of the sun. Khepri is also said to have inspired
Government procurement teams are responsible for managing billions of pounds of public expenditure, and taxpayers want more transparency on how their money is being spent. However, experts estimate that procurement errors, waste and abuse can cost central government up to 4.7% of procurement spend.[1] And when government procurement fraud scandals hit
Interview with Dr. Christian Rammer (ZEW), who leads projects as far as innovation economics and business dynamics at ZEW.
With unemployment at a three-year high, the socio-economic impact of the COVID-19 pandemic has hit the UK hard. While significant progress has now been made on the clinical side of the crisis, and the success of the vaccination programme is a cause for optimism, the impact on the economy will
The time for experimenting with artificial intelligence (AI) is over. In a COVID-19 climate, it is important to be able to quickly scale up analytical models to industrial processes. SAS believes the solution can be found in democratizing AI. Most manufacturing businesses have large amounts of data at their disposal.
