Good news...an analytics survey last year found that 72% of insurance executive agreed that analytics is the biggest game-changer in the next 2 years. Bad news...compared to other industries the adoption rates of analytics in the insurance has lagged other industries. To reverse this trend and help insurers travel down the
During a lighthearted moment in a serious conversation, Howard Schmidt, cyber security advisor to multiple presidents, told a Wall Street Journal interviewer that relying on a government agency as your primary backstop during a major cyber security breach is akin to calling Ghostbusters: you might not get the help you
We’ve been talking about data recently at the Analytic Hospitality Executive. I’ve advocated to use whatever data you have, big or small, to get started today on analytic initiatives that will help you avoid big data paralysis. In this blog, I’m going to get a bit more technical than usual
What's that productivity related quote by Charles Dickens? "My advice is never do tomorrow what you can do today." For years, machine learning has been written about and discussed widely with a focus on the benefits it will bring in the near future. But guess what? The future for machine learning
There's a lot of talk right now about the Internet of Things and how it's likely the prime catalyst for the digital transformation of organizations over the next few years. Billions of sensors, and devices with sensors, all generating data in a hyper-connected world where it can be easily shared
Technology has brought the world a great deal of good, but the downside is that we’re increasingly vulnerable to some seriously scary stuff: Terrorists taking control of airplanes through the in-flight entertainment system. Governments breaking into secure systems and stealing identities. Thugs messing with the steering of self-driving cars. When
Dust off that old aphorism about an ounce of prevention. Oil companies applying analytics for predictive maintenance can see a substantial downtick in the unanticipated equipment repairs that quickly eat into an oil well’s profitability. Maintenance is far from a trivial concern in the oilfield. A pumping oil well is
The smart grid is a technology infrastructure that adds intelligent capabilities to the electricity distribution system. When you apply analytics to the smart grid data, you can automate and improve operations, maintenance, planning and customer satisfaction - among other processes. As utilities continue to upgrade meters, transformers, and add new sensors and equipment,
With all of the discussion about big data these days, it is easy to think that every problem is a big data problem. Yes, there is a lot of data out there these days, and of course we all love a nice big data set, but you don’t always need
The insurance industry is heading for a crisis. Depending on which report you read the insurance industry is facing a shortfall in job vacancy from anything from 40,000 to nearly half million in the next few years. Baby boomers in specialized jobs like underwriters and claims adjusters are retiring and insurers
