by James Taylor | Apr 23, 2019 | Business Intelligence, Business Re-Design, Business Rules, Insurance, Predictive Analytics
In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question?, in which he states there are only three levers of...
by James Taylor | Apr 15, 2019 | Business Intelligence, Decision Management, Digital Business, Insurance, Predictive Analytics
In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question?, in which he argues that there are only three...
by James Taylor | Apr 2, 2019 | AI, Business Intelligence, Decision Management, Machine Learning, Predictive Analytics, Strategy
Many speakers on predictive analytics, machine learning (ML) and AI talk about the need to allow data science teams to fail. Without failure, without a willingness to fail sometimes, it’s very hard to build a successful data science program. This is true and often a...
by James Taylor | Mar 25, 2019 | AI, Business Intelligence, Business Re-Design, Business Rules, Decision Management, Insurance, Predictive Analytics
Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in 3 challenges facing insurers in data science...
by James Taylor | Nov 13, 2018 | Business Intelligence, Business Process, Business Rules, Decision Automation, Decision Management, Decision Modeling, DMN, Insurance
80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. What’s stopping them from delivering high impact? 38% of those surveyed...
by James Taylor | Sep 28, 2017 | Business Intelligence, Decision Management
I am often asked about the difference between decision support systems and decision management systems for decision automation. All decisions involve a choice, a selection of a course of action from a set of alternatives and generally result in an action being taken,...
