Remove Agile Remove Efficiency Remove Insurance Remove Productivity
article thumbnail

New Technologies in the Insurance Landscape (Part 3 – Cloud)

Tom Spencer

Productivity: IT teams can allocate their time to more important business tasks, rather than time-consuming IT management chores essential for on-site data centers. For this reason, any reticence the insurance industry showed early on has been replaced with a holistic embrace of trusted cloud platforms. Cloud in the Insurance Sector.

article thumbnail

The Transformative Power of AI in Business

Tom Spencer

These systems can suggest relevant products that customers are likely to enjoy. For example, businesses like Netflix, Youtube, Amazon, and Airbnb use AI-powered recommendation systems to suggest movies, videos, products, and rental properties based on a user’s browsing history, past purchases, and revealed preferences based on past behavior.

Data 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Remote Work: Ways to Think About “Fair” Compensation and Benefits

Johanna Rothman

Because most (US) health insurance is location-based, how does the organization decide on which health insurance to buy and how much does the company contribute? And she wants the teams to create products the customers want to buy. Over her career, Jenny has learned that it's easier to sell more product than to manage costs.

Agile 75
article thumbnail

How to Make Sure Agile Teams Can Work Together

Harvard Business

Increasing volatility, uncertainty, growing complexity, and ambiguous information (VUCA) has created a business environment in which agile collaboration is more critical than ever. Intuitively, we know that the collaborative intensity of work has skyrocketed, and that collaborations are central to agility. This story is not unique.

Agile 52
article thumbnail

Why the Insurance Industry Can’t Risk Overlooking Artificial Intelligence - SPONSOR CONTENT FROM COGNIZANT

Harvard Business

The insurance industry has not been immune to AI’s advancement – whether implementing robo-advisors for investment management (Vanguard and Charles Schwab) or applying AI to insurance and loan underwriting (the Chinese search giant Baidu, which provides enhanced risk assessment capabilities). Assess readiness.

article thumbnail

Embracing Digital Change Requires a Clear Strategic Focus - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

Operational excellence, customer intimacy, or product leadership — successful companies excel in one dimension and perform well in the others. Financial services and insurance offer good examples of this shift. Zurich Insurance Group Takes Its IT Infrastructure to the Agile Cloud. How to Become a Digital Enterprise.

article thumbnail

Advanced Analytics Are Crucial to Digital Transformation - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

Those that successfully harvest vast troves of data can improve productivity; make faster and more accurate decisions; reduce costs; increase competitive advantage; discover new business models and innovations; and better engage customers, employees, and partners. Zurich Insurance Group Takes Its IT Infrastructure to the Agile Cloud.