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New Technologies in the Insurance Landscape (Part 2 – Blockchain)

Tom Spencer

Insurance industry observers, for their part, believe that the innovative distributed ledger could introduce a variety of improvements and efficiencies to the insurance landscape, and have the following four applications: Fraud detection. Peer-to-peer insurance. Peer-to-Peer Insurance. Identity management.

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Empowering Small Business Growth Through Consulting

Business Consulting Agency

Strategic Planning and Business Development Small business consultants play a pivotal role in strategic planning and business development. They work closely with business owners to assess current operations, identify growth opportunities, and develop actionable strategies to achieve long-term goals.

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The Transformative Power of AI in Business

Tom Spencer

For example, Alibaba, a leading Chinese e-commerce company, could conduct sentiment analysis of customer reviews of individual products and services, and use these insights to modify existing products and develop new ones. This data-driven approach can enhance agility and enable businesses to respond in real time in rapidly changing markets.

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Wealth Management: Building and Protecting Fortunes

Tom Spencer

The wealth manager will then work with the client to set financial goals and develop a plan to achieve those goals. This process may include developing a budget, setting short-term and long-term financial goals, and identifying any potential roadblocks that may prevent the client from achieving their goals.

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Blockchain: New Use Cases for Governments and Business

Tom Spencer

Governments, businesses, and individuals are developing new use cases for blockchain as barriers to adoption continue to decrease. Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. Blockchain looks set to be deployed in many other industries.

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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.

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Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Although rate information is a closely guarded secret, based on my 20 years in the industry here are very rough ballpark numbers for “management consulting” (not IT consulting, project management, training development, etc.). Figure out your market rate. This is your market rate. Don’t discount.