Is Big Data Causing Insurance Actuaries to Move Away from Using Credit Scores?

Posted Leave a commentPosted in Analytics, Big Data, big data helps insurance industry, Predictive Analytics

Insurance companies have literally spent decades fine-tuning their actuarial models. In the 1990s, they began using credit scores to assess the risks of customers and set premiums accordingly. Laws permitting credit score use with insurance companies vary from state to state. However, around 95% of auto insurance companies use credit scores in their actuarial algorithms. […]

How AI Could Unlock the Intelligent Internet of Things

Posted Leave a commentPosted in Artificial Intelligence

The algorithmic organisation is an organisation built around smart algorithms. Algorithms that define company processes, that deliver customer services, that take action when necessary and as such define the way the world works. Thanks to machine learning and deep learning, these algorithms will be able to understand user and/or device behaviour, learn from users and/or […]

Conventional Data Security Wisdom is Uprooted and New Standards Are Set

Posted Leave a commentPosted in #GDPR, Best Practices, Big Data, big data security, Data Management, data protection, data security, IT, News, Privacy, Security, SmartData Collective Exclusive

While the internet has transformed the business world for the better, it has also created a host of new issues for organizations to consider. Having an online presence has become a fundamental for many companies, but even establishing a website brings with it a host of potential issues. For example, you may need support on […]

Is Big Data Modeling Fighting Epidemics of Infectious Diseases?

Posted Leave a commentPosted in Big Data, big data in healthcare industry, big data modeling, data collection, News, real-time data collection, SmartData Collective Exclusive

The risks of infectious diseases were a major concern in the early 2000‘s, especially after the outbreak of SARS. These concerns have mellowed in recent years, but are still a risk that epidemiologists around the world must prepare for. New improvements in big data modeling have helped taper some of these concerns. How is big […]

New Generation of Big Data Security Risks Raises Questions About VPNs

Posted Leave a commentPosted in #risk management strategy, Big Data, big data security, Data Management, data security, News, Policy and Governance, Privacy, Risk Management, Security, SmartData Collective Exclusive, VPN

For many organizations, big data is a treasure trove of valuable insights. For other stakeholders, it is a privacy nightmare. A growing number of customers fear their secrets, no matter how benign, could be leaked to the world. This became a particular concern after the Yahoo! security breaches that took place in 2013. Yahoo! recently […]