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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. As a result, their market would shrink.

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Turning climate risks into business opportunities 

IBM Big Data Hub

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? Substantial repair costs might arise, particularly impacting insurance companies.

Risk 67
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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

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The Week in Cyber Security and Data Privacy: 15 – 21 April 2024

IT Governance

Cloud, FL Source (Update) Public USA Yes 719,597 Regulator Marine Inc Source (New) Manufacturing USA Yes 630 GB Risas Dental and Braces Source 1 ; source 2 (New) Healthcare USA Yes 618,189 HUB International Source (New) Insurance USA Yes 514,477 Lee University Source 1 ; source 2 (New) Education USA Yes 387.49

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The Internet of Things (IoT): Managing the Data Tsunami

Collibra

A tsunami of new data streams offers enormous opportunities in guiding digital transformation strategies across many industries. The Internet-of-Things has the potential to transform a range of industries – from automotive and agriculture through to healthcare, home appliances and insurance services.

IoT 56