data (166)

11 Pillars: Quality 4.0 Framework

8563874691?profile=RESIZE_400xThe introduction of emerging, digital technologies has ushered in the Fourth Industrial Revolution.  To keep the competitive advantage in this era of Digital Transformation, leveraging contemporary technology is an absolute necessity.  Using cutting-edge technology means not just augmenting, but in fact, revamping the whole Quality outlook.

Quality 4.0 is the complimentary Quality approach to the Industry 4.0 era.  Quality 4.0 is about transforming and improving Organizational Culture, collaborat

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Connected Device Analytics is highly valuable in the present scenario. Let’s see why these devices are making trends in the industry. There is amplified adoption of these tools in various sectors due to increased penetration of the internet and rise in the adoption of the Internet of Things (IoT), a rise in the adoption of advanced technologies for payment, and an increase in the need for digital infrastructure. Also, factors such as new software approval, training, and knowledge transfer, and i

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Nudging Executives

8219694881?profile=originalSenior leaders love to be challenged, when you prove them right!

Unfair? Yes. There are plenty of great leaders who truly want their staff to speak up. However, even some of these may suffer from measurement blindness.

When it comes to numbers and decision making there are three positions people take.

Believers

These people believe measurement enhances decisions. They will ask for measurement and readily listen to the numbers being presented, they will look to see if there are any abnormalities and

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The popularity and excitement around data science and its successful applications are wonderful. Data science can be termed as one of the most essential developments of the early 21st century. Data science involves understanding, extracting, and visualizing the data. It has applications to various fields that have adequate available data.

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Data Science is a multidisciplinary subject that utilizes scientific algorithms, methods, processes, and systems to gain insights and knowledge from structured

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8028328880?profile=originalIdentifying what the market wants is a critical issue for most executives.  Likewise, the decision on how much to charge for a product is also crucial for planners.  This is where Market Research comes to rescue.

One of the Marketing Research methods that researchers most commonly employ is the Conjoint (Trade-off) Analysis.  Conjoint Analysis helps in identifying product features that consumers prefer, discerning the impact of price changes on demand, and estimating the probability of product ac

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Now, more than ever, there is a growing demand for the establishment of effective and efficient data centers. An important factor determining the efficiency of a data center is its power distribution units and how the servers and devices are powered in a data center.

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Power distribution units are power strips that transmit and control power in a data center. While this may sound simplistic, the functionalities of the data center rack power distribution unit have evolved over the years. Not only do

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Technological developments allow satellite imagery simpler and quicker to use than ever before. A growing number of companies are having their data accessible free of charge: in 2008, the United States Geological Survey made free-to-use data from its Landsat satellites, contributing to a major increase in the usage of satellite data for scientific and industrial purposes. The European Space Agency has now introduced a focus on free and transparent data for the Copernicus program.

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What are satelli

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Virtual Data Rooms, or VDRs, serve as a secure way to store information that many users need to access simultaneously. Virtual Data Rooms are commonly used by businesses when they merge, work on a project or other joint venture requiring access to shared data. VDRs are known to be more secure than digital records as there is no chance of failure during transit or accidental destruction. Normally, activities such as copying, printing, and forwarding are prohibited in VDRs.

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What is a virtual data r

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Over the last two weeks, we have been exploring the challenges that COVID19 continues to deliver to risk managers, particularly with respect to scenario analysis construction.  We would be glad for feedback from this community on whether the content is helpful.

We have looked at the Twin Data Deficits created by emergency regulatory policies that change key policy definitions and delay regulatory reporting...and we discussed Why Data Deficits Matter

Spoiler alert:  data deficits matter because m

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Data center infrastructure management (DCIM) started as an element of building information modeling (BIM) software, which is used by facilities managers to create digital schematic diagrams. DCIM tools bring the same functionality to data centers, allowing managers to collate, store, and analyze power and cooling related data in real-time. Most tools allow diagrams to be printed — a useful feature when a repair is required, or when new hardware has to be installed by data center administrators.

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R

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Connected Claims USA has officially launched as the first fully virtual claims event and remains the world’s largest and most senior claims event (June 23-25, 2020).

As uncertainty becomes the new normal, it has never been more important for the insurance industry to pull together to support customers and claims handlers alike through this difficult time. Claims transformation is more urgently needed than ever before.

"It’s true that we’re in a period of disruption, but from disruption, I believe,

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The emerging enterprises of industries have time and again considered enterprise data management solutions as a savior in the era of big data. Enterprise data management provides an ability to accurately define, integrate, and retrieve data for internal applications as well as external communication. The technology focuses on the creation of accurate, transparent, as well as consistent content.

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A successful data management program is cost-efficient because you would have fewer data management cha

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Even before Covid-19 began its global march, the insurance industry was gearing up for profound change. But as the events of 2020 continue to evolve, there is growing sense of urgency for carriers to accelerate delivery of spot-on solutions for their customers.

To navigate this new era, Reuters Events is launching Insurance AI and Innovative Tech Virtual (May 27-28).

Across all corners of insurance, longer-term goals now require immediate action, and a strategic push to embrace digitalisation like

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The rapid growth in the usage of smartphones and other connected mobile devices has caused a spurt in the amount of data that flows through telecom operator networks. The operators must process, store, and extract information from the available data. By helping to optimize network use and services, improve customer experience, and improve security, Big Data analytics will help them increase productivity.

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Research has shown that telecom companies have significant potential to benefit from Big Data

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Business dashboards are important tools to measure key performance indicators and data pertaining to an organization or certain procedure.  Just as a vehicle dashboard is powerful performance management tool in summarizing a performance of a multitude of processes, a business dashboard summarizes the performance or impact of a host of functions, teams, and activities; and assists in strategic planning and decision making.

Business dashboards simplify sharing and analysis of large data, and hel

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What is Synthetic Identity Theft?

Identity theft is when a person steals another person’s private and personal information, generally to make money from it. You probably already knew this, but have you heard of synthetic identity theft? This is a bit different.

14D_new.jpgWith synthetic identity theft, a person creates a new and very fake identity by combining the real information from a person with made-up information. You might not think this is a big deal, but it can be very bad for anyone who has their identity stolen.

Here are three way

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For insurance carriers, automation can be a dangerous game as customers demand both a frictionless, automated claims process and access to understanding claims handlers. How do you find the right balance?

With chatbots at FNOL, image analytics estimating damage more accurately than any human, and complex claims being fast-tracked to claims adjusters, virtual claims handling delivers the efficiency that customers expect with the empathy customers need. Join our panel of experts as they share insig

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With 90% of carriers actively investing in new data projects, project failure is not an option.

 

Artificial intelligence (AI) and machine learning (ML) have become mainstays in the insurance industry, equipping insurance companies with tools that can help them to become more efficient and profitable than ever before. But with the stakes so high, carrier executives are immobilized - the volume of cutting-edge data sources has exploded and the vast majority won’t implement a project if they’re not

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Technological innovation and intensifying competition are forcing leaders to rethink how they use Key Performance Indicators (KPIs) to manage and direct organizations.  Digitization has reinforced the importance of Key Performance Indicators not only in enhancing employee performance but driving the overall organizational productivity.

The role of KPIs is becoming more dynamic.  KPIs are getting demonstrably flexible, smarter, and valuable in achieving strategic advantage.  Leading technology-dri

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