Corporate failures from fraud result in massive losses to shareholders. Poor risk management capabilities lead to poor decision making and high costsm, and organizations throughout many industries struggle to comply with escalating regulations. In this environment, risk, fraud and compliance
It seems to me that we just finished up this summer’s Wimbledon tournament and now the US Open is already upon us.
There are a number of differences between the two tournaments, and the most obvious of these is the playing surface; the US Open is played on a hardcourt surface while Wimbledon is
CMOs are enhancing their abilities to contribute not only to the marketing of new products, but also in their development, design, sale and support. These are all data-centric functions that are working together, today to drive business success.
Companies that want to succeed need to deliver the right message, to the right person, at the right time, for the right price. But companies face multiple challenges. Leading marketers are using big data and analytics to deliver greater value and relevance to their customers. Learn how in this
In today’s world of the connected customer, most business-to-business organizations have advanced contact centers. The goal is to ensure that they are ready to handle any inquiry, concern or opportunity to acquire, grow and retain customers. They also understand that with every client-facing
Here’s a big data problem for you. Let’s say you’ve accidentally traveled back in time 30 years and the only way to get Back to the Future is to transfer 1.21 Gigawatts of energy into a beat-up DeLorean.
Well, back in 1985, the solution, by Hollywood standards of course, was the
Analytics solutions designed to handle the volume and variety of data available today also help insurance companies improve catastrophe risk modeling, through which companies determine the exposure of current policies and predict the probable maximum loss (PML) from a catastrophic event.
IBM software and expertise analyzes more than 41 million data points to determine the top three "Keys to the Match" for Grand Slam tennis tournaments. That same predictive analytics technology is used every day by leading organizations to solve their most pressing business challenges.
Solutions for analyzing big data can play a critical role in addressing the increasing prevalence of claims fraud. Traditionally, fraud is estimated to account for approximately 10 percent of insurance company losses, and that percentage is rising. Insurance companies need ways to quickly
Security intelligence with big data is the ability to lower risk, detect fraud and monitor cyber security in real time. Organizations can augment and enhance cyber security and intelligence analysis platforms with big data technologies to process and analyze new types (e.g. social media, emails,
Part 2 in a 3-part series: Big Data and Next Generation Banking – Leveraging information and mobile to drive revenue and expand the customer value proposition
In the first part of this series authored by Marc Andrews, we discussed some of the challenges that are causing banks to adapt their
Marcus Hearne, predictive and business intelligence marketing manager, talks about changes to his daily coffee order, "bleeding data," and what those pieces of data means to a predictive analytics geek.
For more information about the IBM big data platform and products, visit www.ibm.com/bigdata
Today, two major factors are poised to change the insurance industry in a way it hasn’t seen in more than 50 years—emerging capabilities enabled by cognitive computing and big data, and an empowered consumer. If history is any indication, these technologies will usher in a new paradigm for the
Claims fraud is a serious issue for insurance companies. Estimates are 10%-20% of claims are fraudulent. That costs the companies major money, and in turn, it causes costs to rise for consumers. Kim Minor, insurance industry marketing manager at IBM, explains how leading insurance companies are
Earlier this week, IBM unveiled its yearly "5 in 5" list - five predictions that forward-thinkers expect will come to be within five years. This year's list envisions computers that will literally "touch" us, as well as see, hear, taste and smell. As Popular Science put it, "Siri suddenly seems