Insights from The Lab

Business Intelligence Services

Category: Business Intelligence Services


Cut Banking Costs Now: COVID-19 New Normal Edition “Big Rock” 1 of 3: The retail branch network

Cut Banking Costs Now: COVID-19 “New Normal” Edition “Big Rock” 1 of 3: The retail branch network A guide for addressing the “perfect storm” of adverse market conditions confronting banks now—and preparing for a forever-changed, volatile future. The banking industry is reeling amid an onslaught of unprecedented challenges, with the coronavirus pandemic the final gut-punch …

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How to reduce insurance claims leakage—and the loss ratio—via standardization, business intelligence, and robotic process automation (RPA)

An overview of the claims leakage challenge, the prize, and a drill-down to specific opportunities within insurance claims processing In their search to boost profits and reduce their loss ratio, property and casualty (P&C) insurance carriers often turn to improving a cast of “usual suspects”: Sales, pricing, new product development, and a host of operational …

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Bi in banking can help take operations to new heights.

Business intelligence in banking: How to optimize bank data with BI

Our previous blog article looked at the challenges of implementing business intelligence, or BI, in insurance, and its impact on claims processing. In this article, we’re going to focus our lens on business intelligence in banking. What is business intelligence in banking? Business intelligence in banking is defined as the use of analytics software, or …

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With business intelligence in insurance, companies can rise above their competition.

Applying Business Intelligence in Insurance: How to Improve Claims with BI Transformation

We see it all the time: Insurance companies are striving to get ahead in the field of business intelligence. They’ll invest, often heavily, in systems such as Oracle Business Intelligence, Microsoft Power BI, and so on… and yet they struggle to find the value from these investments. Why is that? Many times, it’s because they …

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Improvements from Start-to-Finish

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