Last week, after IBM’s report of positive quarterly earnings, CEO Arvind Krishna and CNBC’s Jim Cramer shared their frustration that IBM’s stock “got clobbered.” IBM’s stock price immediately fell by10%, while the S&P500 remained steady (Figure 1)
While a five-day stock price fluctuation is by itself meaningless, questions remain about the IBM’s longer-term picture. “These are great numbers,” declared Krishna.
“You gave solid revenue growth and solid earnings,” Cramer sympathized. “You far exceeded expectations. Maybe someone is changing the goal posts here?”
It is also possible that Krishna and Cramer missed where today’s goal posts are located. Strong quarterly numbers do not a digital winner make. They may induce the stock market to regard a firm as a valuable cash cow, like other remnants of the industrial era. But to become a digital winner, a firm must take the kind of steps that Satya Nadella took at Microsoft to become a digital winner: kill its dogs, commit to a mission of customer primacy, identify real growth opportunities, transform its culture, make empathy central, and unleash its agilists. (Figure 2)
Since becoming CEO, Nadella has been brilliantly successful at Microsoft, growing market capitalization by more than a trillion dollars.
Krishna has been IBM CEO since April 2020. He began his career at IBM in 1990, and had been managing IBM’s cloud and research divisions since 2015. He was a principal architect of the Red Hat acquisition.
They are remarkable parallels between the careers of Krishna and Nadella.
· Both are Indian-American engineers, who were born in India.
· Both worked at the firm for several decades before they became CEOs.
· Prior to becoming CEOs, both were in charge of cloud computing.
Both inherited companies in trouble. Microsoft was stagnating after CEO Steve Ballmer, while IBM was also in rapid decline, after CEO Ginny Rometty: the once famous “Big Blue” had become known as a “Big Bruise.”
Although it is still early days in Krishna’s CEO tenure, IBM is under-performing the S&P500 since he took over (Figure 3).
More worrying is the fact that Krishna has not yet completed the steps that Nadella took in his first 27 months. (Figure 1).
Nadella wrote off the Nokia phone and declared that IBM would no longer sell its flagship Windows as a business. This freed up energy and resources to focus on creating winning businesses.
By contrast, Krishna has yet to jettison, IBM’s most distracting baggage:
· Commitment to maximizing shareholder value (MSV): For the two prior decades, IBM was the public champion of MSV, first under CEO Palmisano 2001-2011, and again under Rometty 2012-2020—a key reason behind IBM’s calamitous decline (Figure 2) Krishna has yet to explicitly renounce IBM’s MSV heritage.
· Top-down bureaucracy: The necessary accompaniment of MSV is top-down bureaucracy, which flourished under CEOs Palmisano and Rometty. Here too, bureaucratic processes must be explicitly eradicated, otherwise they become permanent weeds.
· The ‘Watson problem’: IBM’s famous computer, Watson, may have won ‘Jeopardy!’ but it continues to have problems in the business marketplace. In January 2022, IBM reported that it had sold Watson Health assets to an investment firm for around $1 billion, after acquisitions that had cost some $4 billion. Efforts to monetize Watson continue.
· Infrastructure Services: By spinning off its Cloud computing business as a publicly listed company (Kyndryl), IBM created nominal separation, but Kyndryl immediately lost 57% of its share value.
· Quantum Computing: IBM pours resources into research on quantum computing and touts its potential to revolutionize computing. However unsolved technical problems of “decoherence” and “entanglement” mean that any meaningful benefits are still some years away.
· Self-importance: Perhaps the heaviest baggage that IBM has yet to jettison is the over-confidence reflected in sales slogans like “no one ever got fired for hiring IBM”. The subtext is that firms “can leave IT to IBM” and that the safe choice for any CIO is to stick with IBM. It’s a status quo mindset—the opposite of the clients that IBM needs to attract.
At the outset of his tenure as CEO of Microsoft, Nadella spent the first nine months getting consensus on a simple customer-driven mission statement.
Krishna did write at the end of the letter to staff on day one as CEO, and he added at the end:“Third, we all must be obsessed with continually delighting our clients. At every interaction, we must strive to offer them the best experience and value. The only way to lead in today’s ever-changing marketplace is to constantly innovate according to what our clients want and need.” This would have been more persuasive if it had come at the beginning of the letter, and if there had been stronger follow-up.
What is IBM’s mission? No clear answer appears from IBM’s own website. The best one gets from About IBM is the fuzzy do-gooder declaration: “IBMers believe in progress — that the application of intelligence, reason and science can Excellerate business, society and the human condition.” Customer primacy is not explicit, thereby running the risk that IBM’s 280,000 employees will assume that the noxious MSV goal is still in play.
At Microsoft, Nadella dismissed competing with Apple on phones or with Google on Search. He defined the two main areas of opportunity—mobility and the cloud.
Krishna has identified the Hybrid Cloud and AI as IBM’s main opportunities. Thus, Krishna wrote in his newsletter to staff on day one as CEO: “Hybrid cloud and AI are two dominant forces driving change for our clients and must have the maniacal focus of the entire company.”
However, both fields are now very crowded. IBM is now a tiny player in Cloud in comparison to Amazon, Microsoft, and Google. In conversations, Krishna portrays IBM as forging working partnerships with the big Cloud players, and “integrating their offerings in IBM’s hybrid Cloud.” One risk here is whether the big Cloud players will facilitate this. The other risk is that IBM will attract only lower-performing firms that use IBM as a crutch so that they can cling to familiar legacy programs.
At Microsoft, Nadella addressed culture upfront, rejecting Microsoft’s notoriously confrontational culture, and set about instilling a collaborative customer-driven culture throughout the firm.
Although Krishna talks openly to the press, he has not, to my knowledge, frontally addressed the “top-down” “we know best” culture that prevailed in IBM under his predecessor CEOs. He has, to his credit, pledged “neutrality” with respect to the innovative, customer-centric Red Hat, rather than applying the “Blue washing” that the old IBM systematically applied to its acquisitions to bring them into line with IBM’s top-down culture, and is said to have honored its pledge—so far. But there is little indication that IBM is ready to adopt Red Hat’s innovative culture for itself. It is hard to see these two opposed cultures remain “neutral” forever. Given the size differential between IBM and Red Hat, the likely winner is easy to predict, unless Krishna makes a more determined effort to transform IBM’s culture.
As in any large tech firm, when Nadella and Krishna took over their respective firms, there were large hidden armies of agilists waiting in the shadows but hamstrung by top-down bureaucracies. At Microsoft, Nadella’s commitment to “agile, agile, agile” combined with a growth mindset, enabled a fast start.. At IBM, if Krishna has any passion for Agile, it has not yet shared it widely.
Although IBM has made progress under Krishna, it is not yet on a path to become a clear digital winner.
And read also:
Is Your Firm A Cash-Cow Or A Growth-Stock?
Why Companies Must Learn To Discuss The Undiscussable
A new research center for artificial intelligence and machine learning has sprung up at the University of Oregon, thanks to a collaboration between IBM and the Oregon Advanced Computing Institute for Science and Society. The Oregon Center for Enterprise AI eXchange (CE-AIX) leverages the university's high-performance computing technology and enterprise servers from IBM to create new training opportunities and collaborations with industry.
"The new lab facility will be a valuable resource for worldwide universities and enterprise companies wanting to take advantage of IBM Enterprise Servers POWER9 and POWER10 combined with IBM Spectrum storage, along with AIX and RHEL with OpenShift," said Ganesan Narayanasamy, IBM's leader for academic and research worldwide.
Narayanasamy said the new center extends state-of-the-art facilities and other Silicon Valley-style services to researchers, system developers, and other users looking to take advantage of open-source high-performance computing resources. The center has already helped thousands of students gain exposure and practice with its high-performance computing training, and it is expected to serve as a global hub that will help prepare the next generation of computer scientists, according to the center's director Sameer Shende.
"We aim to expand the skillset of researchers and students in the area of commercial application of artificial intelligence and machine learning, as well as high-performance computing technologies," Shende said.
Thanks to a long-term loan agreement with IBM, the center has access to powerful enterprise servers and other capabilities. It was envisioned to bring together data scientists from businesses in different domains, such as financial services, manufacturing, and transportation, along with IBM research and development engineers, IBM partner data scientists, and university students and researchers.
The new center also has the potential to be leveraged by everyone from global transportation companies seeking to design more efficient trucking routes to clean energy firms looking to design better wind turbines based on models of airflow patterns. At the University of Oregon, there are potential applications in data science, machine learning, environmental hazards monitoring, and other emerging areas of research and innovation.
"Enterprise AI is a team sport," said Raj Krishnamurthy, an IBM chief architect for enterprise AI and co-director of the new center. "As businesses continue to operationalize AI in mission-critical systems, the use cases and methodologies developed from collaboration in this center will further promote the adoption of trusted AI techniques in the enterprise."
Ultimately, the center will contribute to the University of Oregon's overall research excellence, said AR Razdan, who serves as the university's vice president for research and innovation.
"The center marks another great step forward in [the university's] ongoing efforts to bring together interdisciplinary teams of researchers and innovators," Razdan said.
This post was created by IBM with Insider Studios.
The MarketWatch News Department was not involved in the creation of this content.
Jul 29, 2022 (Heraldkeepers) -- Pune India – Global Healthcare Decision Support & IBM Watson Market Research Report 2020-2026 thinks about key breakdowns in the Industry with insights about the market drivers and market restrictions. The report illuminates accumulating an all encompassing rundown of factual investigation for the market scape. While setting up this expert and top to bottom statistical surveying report, client necessity has been kept into center. The report covers a few overwhelming elements encompassing the worldwide Healthcare Decision Support & IBM Watson market, for example, worldwide appropriation channels, makers, market size, and other logical components that include the whole scene of the market. The examination archive intends to direct perusers in experiencing the impediments that are featured after a concentrated investigation.
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Key Companies profiled in this research study are:
EMC Health Care Ltd.
American Well Systems
The report has included vital parts of the business, for example, item advancement and determination, innovation, specialty development openings. The report encompasses business bits of knowledge at the broad commercial center. It assembles a serious scene that rethinks development openings alongside an assortment of item types, applications, and a worldwide circulation channel framework. It gives a broad examination of the provincial advertising techniques, market difficulties, and driving components, deals records, net benefit, and business channel disseminations. The market study report additionally includes the top vital participants in the Global Healthcare Decision Support & IBM Watson market.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Years to be Considered in this Healthcare Decision Support & IBM Watson Market Report:
History Year: 2017-2019
Base Year: 2020
Estimated Year: 2021
Forecast Year: 2022-2028
Healthcare Decision Support & IBM Watson Regional and Country-wise Analysis:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
Rest of the World....
In Chapter 8 and Chapter 10.3, based on types, the Healthcare Decision Support & IBM Watson market from 2017 to 2029 is primarily split into:
In Chapter 9 and Chapter 10.4, based on applications, the Healthcare Decision Support & IBM Watson market from 2017 to 2029 covers:
IT- Healthcare Solutions
Clinical Data Management
The purposes of this analysis are:
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In accurate years, headlines about cyber security have become increasingly common. Thieves steal customer social security numbers from corporations’ computer systems. Unscrupulous hackers grab passwords and personal information from social media sites or pluck company secrets from the cloud. For companies of all sizes, keeping information safe is a growing concern.
Cyber security consists of all the technologies and practices that keep computer systems and electronic data safe. And, in a world where more and more of our business and social lives are online, it’s an enormous and growing field with many types of job roles.
According to the Cyber Security & Infrastructure Security Agency (CISA), "Cyber security is the art of protecting networks, devices and data from unauthorized access or criminal use and the practice of ensuring confidentiality, integrity and availability of information."
Information security is the processes and tools designed and used to protect sensitive business information from modification, disruption, destruction and inspection, according to CISCO.
Information security and cyber security are often confused. According to CISCO, information security is a crucial part of cyber security but is used exclusively to ensure data security.
Everything is connected by computers and the internet now, including communication, entertainment, transportation, shopping, medicine and more. A copious amount of personal information is stored among these various services and apps, which is why information security is critical.
Getting hacked isn’t just a direct threat to the confidential data companies need. It can also ruin their relationships with customers and even place them in significant legal jeopardy. With new technology, from self-driving cars to internet-enabled home security systems, the dangers of cybercrime become even more serious.
So, it’s no wonder that international research and advisory firm Gartner Inc. predicts worldwide security spending will hit $170 billion in 2022, an 8% increase in just a year.
“We’re seeing a tremendous demand for cyber security practitioners,” said Jonathan Kamyck, associate dean of cyber security at Southern New Hampshire University (SNHU). “Most businesses, whether they’re large or small, will have an online presence, for example. Some of the things you would do in the old days with a phone call or face-to-face now happen through email or teleconference, and that introduces lots of complicated questions with regard to information.”
These days, the need to protect confidential information is a pressing concern at the highest levels of government and industry. State secrets can be stolen from the other side of the world. Companies whose whole business models depend on control of customer data can find their databases compromised. In just one high-profile 2017 case, personal information for 147.9 million people – about half the United States – was compromised in a breach of credit reporting company Equifax.
A cyber attack is an unwelcomed attempt to steal, expose, alter, disable or destroy information through unauthorized access to computer systems, according to the International Business Machines (IBM).
There are many reasons behind a cyber attack, such as cyber warfare, cyber terrorism and even hacktivists, but these actions fall into three main categories: criminal, political and personal.
Attackers motivated by crime typically seek financial gain through money theft, data theft or business disruption. Similarly, personal attackers include disgruntled current or former employees who will take money or data in an attempt to attack a company's systems. Socio-political motivated attackers desire attention for their cause, resulting in their attacks being known to the public, and this is a form of hacktivism. Other forms of cyber attacks include espionage, or spying to gain an unfair advantage over the competition, and intellectual challenging.
According to CISA, as of 2021, there is a ransomware attack every 11 seconds – a dramatic rise from every 39 seconds in 2019 (CISA PDF Source). In addition, small businesses are the target of nearly 43% of all cyber attacks, which is up 400%.
The Small Business Association (SBA) reports that small businesses make attractive targets and are typically attacked due to their lack of security infrastructure. The SBA also reports that a majority of small business owners felt their business was vulnerable to an attack. This is because many of these businesses:
Here are some of the most common threats among cyber attacks:
Attacks against enterprises can come from a variety of sources such as criminal organizations, state actors and private persons, according to IBM. An easy way to classify these attacks is by outsider versus insider threats.
Outsider or external threats include organized criminals, professional hackers and amateur hackers (like hacktivists).
Insider threats are typically those who have authorized access to a company's assets and abuse them deliberately or accidentally. These threats include employees who are careless of security procedures, disgruntled current or former employees and business partners or clients with system access.
Cyber security awareness month takes place every October and encourages individuals and organizations to own their role in protecting their cyberspace, according to Forbes, although anyone can practice being mindful of cyber security at any time. Awareness of the dangers of browsing the web, checking emails and interacting online in general are all part of developing cyber security awareness.
Cyber security awareness can mean different things to different people depending on their technical knowledge. Ensuring appropriate training is available to individuals is a great way to motivate lasting behavioral changes.
While cyber security awareness is the first step, employees and individuals must embrace and proactively use effective practices both professionally and personally for it to truly be effective, according to Forbes.
Getting started with cyber security awareness is easy, and many resources are readily available on the CISA government website based on your needs. Whether you need formal training or a monthly email with cyber security tips and tricks, any awareness and training can impact behavior and create a positive change in how you view cyber security.
Here are the most common types of cyber security available:
A cyber security degree provides an opportunity for students to develop skills and a mindset that empowers them to begin a career in securing systems, protecting information assets and managing organizational risks.
Alex Petitto ’21 earned his bachelor’s in cyber security. Petitto always wanted to work within the IT sector, and he chose cyber security because it’s an exponentially growing field. He transferred credits from a community college through a U.S. Air Force program and finished his bachelor's in under two years. "It was much quicker than I thought it would be,” he said.
It didn't take long for Petitto to begin exploring his career options. "Even before finishing (my) degree, I … received multiple invites to interview for entry-level positions within the industry and received three job offers," said Petitto. He decided to remain within the Air Force and transfer to a cyber security unit as opposed to joining the private sector.
Petitto said his cyber security degree opened doors for him in the field – “a monumental goal for me," he said. "This degree was a critical first step for breaking into the industry."
Your cyber security degree program can also connect you with experiential learning opportunities to further your growth as a cyber security professional. For example, the annual National Cyber League (NCL) has a competition wherein students from across the U.S. practice real-world cyber security tasks and skills. SNHU recently placed 9th out of over 500 colleges participating in the NCL competition.
As companies large and small scramble to respond to the growing threats, jobs in the cyber security field are growing fast. The U.S. Bureau of Labor Statistics (BLS) predicts that employment for information security analysts will grow by 33% through 2030. That’s more than twice as fast as the average computer-related occupation and four times as fast as American jobs in general.
To help fill the need for more professionals in the cyber security world, CyberSeek, a project funded by the federal government and supported by industry partners, provides detailed information on the demand for these workers by state. The tool shows that, across the country, there were 180,000 job openings for information security analysts between May 2021 and April 2022, with only 141,000 professionals holding jobs in the role, reflecting an unfilled demand of 39,000 workers.
“There’s a huge shortfall right now in entry-level and midlevel cyber security roles,” Kamyck said. “You’re looking at demand across all business sectors, with companies of all sizes.
CyberSeek lists the following entry-mid-and advanced-level roles available in the field. Average salaries are based on job openings posted between May 2021 and April 2022.
Kamyck said cyber security professionals could play a wide range of roles in a modern company. For example, some small businesses may hire a single person to handle all kinds of work protecting data. Others contract with consultants who can offer a variety of targeted services. Meanwhile, larger firms may have whole departments dedicated to protecting information and chasing down threats.
While companies define roles related to information security in a variety of ways, Kamyck said there are some specific tasks that these employees are commonly called on to do. In many cases, they must analyze threats and gather information from a company’s servers, cloud services and employee computers and mobile devices.
“An analyst’s job is to find meaning in all of that data, see what’s concerning,” he said. “Is there a breach? Is someone violating a policy?”
In many cases, Kamyck said, security specialists work with other information technology professionals to ensure a company’s systems are secure. That involves not just technical know-how but also people-oriented skills.
But breaches don’t just take the form of someone hacking into a server. They can also involve customer lists sent through unencrypted email, a password written on a sticky note in a cubicle or a company laptop stolen from an employee’s car.
Depending on their specific role, cyber security professionals must also think strategically. In many industries, companies rely on employees having quick access to highly sensitive data, such as medical records or bank account information.
“The goal is to balance the needs of the company or the organization you’re working for with the need to protect the confidentiality of customer data and trade secrets,” Kamyck said.
Kamyck said people who do well in these jobs tend to be curious, competitive and willing to keep learning to stay up to date with rapidly changing technology. The work draws on multidisciplinary knowledge, and people who continue with the work find there are a variety of directions they can take in their careers.
For example, Kamyck said, if you're interested in the business side, you might become a manager or run audits that let companies know where they need to Excellerate to meet compliance. If you love the adversarial part of the job, you might become a penetration tester, essentially an “ethical hacker” who tests for system vulnerabilities by trying to get through them.
If you’re wondering how to get into cyber security, it’s clear there are many positions out there. The question is how to make sure you’re a good fit for them. According to BLS, most information security analyst jobs require at least a bachelor’s degree in computer science, information assurance, programming or another related field.
In some cases, the work calls for a Master of Business Administration (MBA) in Information Systems. That degree typically takes an additional two years of study and involves both technical and business management courses.
Cyber security job requirements also sometimes include related work experience. Rather than jumping right into the security side of information technology, you can start as a network or computer systems administrator. Depending on the specific cyber security position, employers may have other job requirements. For instance, keeping databases secure might be an ideal job for someone who’s spent time as a database administrator and is also well-versed in security issues.
Aside from work experience and college degrees, some employers also prefer job candidates who have received certifications demonstrating their understanding of best practices in the field. For example, the Certified Information Systems Security Professional (CISSP) credential validates a professional’s general knowledge and abilities in information security. There are also more specific certificates, which can highlight specialized knowledge of computer architecture, engineering or management.
Whatever path new employees in cyber security want to follow, Kamyck said, those who are willing to make an effort to learn the field will find abundant opportunities.
“There’s needs in government. There’s needs in finance. There’s needs in education,” Kamyck said. “There’s a tremendous unfilled need.”
Discover more about SNHU's online cyber security degree: Find out what courses you'll take, skills you'll learn and how to request information about the program.
Nicholas Patterson is a writer at Southern New Hampshire University. Connect with him on LinkedIn.
New Jersey, NJ -- (SBWIRE) -- 08/04/2022 -- A new intelligence report released by HTF MI with title "Global Insurance Fraud Detection Software Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Insurance Fraud Detection Software offers energetic visions to conclude market size, opportunities, growth pattern, and competitive surroundings. The research is derived through primary and secondary sourced data and includes both qualitative and quantitative detailing. Some of the key players profiled in the study are FICO, Bridgei2i, Experian, Sap, Friss, Megaputer Intelligence, IBM, Softsol, Kount, SAS Institute, Software Ag, Aci Worldwide, Scorto, Perceptiviti, Lexisnexis, Simility & Fiserv.
What's keeping FICO, Bridgei2i, Experian, Sap, Friss, Megaputer Intelligence, IBM, Softsol, Kount, SAS Institute, Software Ag, Aci Worldwide, Scorto, Perceptiviti, Lexisnexis, Simility & Fiserv Ahead in the Market Benchmark yourself with the strategic moves and findings recently released by HTF MI
Get trial Report + All Related Graphs & Charts @ : https://www.htfmarketreport.com/sample-report/3548533-2022-2025-global-insurance-fraud-detection-software-market-report-production-and-consumption-professional-analysis
Market Overview of Insurance Fraud Detection Software
If you are involved in the Insurance Fraud Detection Software industry or aim to be, then this study is vital to keep your market knowledge up-to-date. The Market is segmented by Applications [Life Insurance, Health Care Insurance, Automobile Insurance, Property Insurance & Others], Types / Coverage [, On-premises & Cloud] and major players. To get deep dive in market, geographically 22+ jurisdictions or countries were summarized in the study from Asia Pacific, MEA, South America, Europe and North America.
Geographically, the global version of report has following country inclusion:
- North America [United States, Canada and Mexico]
- Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and Rest of Europe]
- Asia-Pacific [China, Japan, South Korea, India, Australia, Indonesia and Others]
- South America [Brazil, Argentina, Colombia and Rest of South America]
- Middle East and Africa (South Africa, Turkey, Israel, GCC Countries and Rest of Africa)
Have Any Query Ask Our Expert @: https://www.htfmarketreport.com/enquiry-before-buy/3548533-2022-2025-global-insurance-fraud-detection-software-market-report-production-and-consumption-professional-analysis
This study mainly helps understand which market segments or Country; Insurance carriers, Aggregators should focus in years to come to channelize their efforts and investments in Insurance Fraud Detection Software to maximize growth and profitability. The growth in 2022 is noticeably slower and mature markets in North America and Western Europe requires "heavy lifting" to address such trends due to the dynamic macroeconomic and regulatory environment.
The distribution channels in the insurance industry, is always of great importance, reflecting the "push" nature of Insurance Fraud Detection Software offering in the industry. The distribution model has continued to evolve as insurers try to better connect with their customers. Over the years, the Insurance Fraud Detection Software industry has seen a clear dominance of face-to face selling (agents and brokers). However, with the increasing penetration of the Internet and customers preferring convenience, the digital mode of sales is becoming increasingly popular in Insurance Fraud Detection Software.
Furthermore, the years considered for the study are as follows:
Historical year – 2022-2028
Base year – 2022
Forecast period – 2022 to 2028
Access Global Insurance Fraud Detection Software Market Report Now; Buy Latest [email protected]: https://www.htfmarketreport.com/buy-nowformat=1&report=3548533
Major Highlights of TOC:
Chapter One: Global Insurance Fraud Detection Software Market Industry Overview
1.1 Insurance Fraud Detection Software Industry
1.1.2 Products of Major Companies
1.2 Insurance Fraud Detection Software Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Behaviour & Distribution Channels
Chapter Two: Global Insurance Fraud Detection Software Market Demand
2.1 Segment Overview
Life Insurance, Health Care Insurance, Automobile Insurance, Property Insurance & Others
2.2 Global Insurance Fraud Detection Software Market Size by Application/End USers (2022-2028)
2.3 Global Insurance Fraud Detection Software Market Forecast by Application/End USers (2022-2028)
Chapter Three: Global Insurance Fraud Detection Software Market by Type
3.1 By Type
, On-premises & Cloud
3.2 Insurance Fraud Detection Software Market Size by Type (2022-2028)
3.3 Insurance Fraud Detection Software Market Forecast by Type (2022-2028)
Chapter Four: Insurance Fraud Detection Software Market: by Region/Country
4.1 Insurance Fraud Detection Software Market by Regions
4.2 Insurance Fraud Detection Software Market Revenue & share by Region
4.3 North America
4.5 Asia Pacific
4.6 South America
4.7 Middle East & Africa
Chapter Five: Player Analysis
5.1 Market Share Analysis by Players (2022-2028E)
5.2 Market Concentration Rate by Regions
5.3 Company Profiles
Browse Executive Summary and Complete Table of Content @ https://www.htfmarketreport.com/reports/3548533-2022-2025-global-insurance-fraud-detection-software-market-report-production-and-consumption-professional-analysis
Thanks for memorizing Insurance Fraud Detection Software Industry research publication; you can also get individual chapter wise section or region wise report version like USA, China, Southeast Asia, LATAM, APAC etc.
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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Acquisition helps enterprises catch "bad data" at the source
Extends IBM's leadership in observability to the full stack of capabilities for IT -- across infrastructure, applications, data and machine learning
ARMONK, N.Y., July 6, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality â€” before it impacts their bottom-line. Today's news further strengthens IBM's software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that trustworthy data is being put into the right hands of the right users at the right time.
Databand.ai is IBM's fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.
As the volume of data continues to grow at an unprecedented pace, organizations are struggling to manage the health and quality of their data sets, which is necessary to make better business decisions and gain a competitive advantage. A rapidly growing market opportunity, data observability is quickly emerging as a key solution for helping data teams and engineers better understand the health of data in their system and automatically identify, troubleshoot and resolve issues, like anomalies, breaking data changes or pipeline failures, in near real-time. According to Gartner, every year poor data quality costs organizations an average $12.9 million. To help mitigate this challenge, the data observability market is poised for strong growth.1
Data observability takes traditional data operations to the next level by using historical trends to compute statistics about data workloads and data pipelines directly at the source, determining if they are working, and pinpointing where any problems may exist. When combined with a full stack observability strategy, it can help IT teams quickly surface and resolve issues from infrastructure and applications to data and machine learning systems.
Databand.ai's open and extendable approach allows data engineering teams to easily integrate and gain observability into their data infrastructure. This acquisition will unlock more resources for Databand.ai to expand its observability capabilities for broader integrations across more of the open source and commercial solutions that power the modern data stack. Enterprises will also have full flexibility in how to run Databand.ai, whether as-a-Service (SaaS) or a self-hosted software subscription.
The acquisition of Databand.ai builds on IBM's research and development investments as well as strategic acquisitions in AI and automation. By using Databand.ai with IBM Observability by Instana APM and IBM Watson Studio, IBM is well-positioned to address the full spectrum of observability across IT operations.
For example, Databand.ai capabilities can alert data teams and engineers when the data they are using to fuel an analytics system is incomplete or missing. In common cases where data originates from an enterprise application, Instana can then help users quickly explain exactly where the missing data originated from and why an application service is failing. Together, Databand.ai and IBM Instana provide a more complete and explainable view of the entire application infrastructure and data platform system, which can help organizations prevent lost revenue and reputation.
"Our clients are data-driven enterprises who rely on high-quality, trustworthy data to power their mission-critical processes. When they don't have access to the data they need in any given moment, their business can grind to a halt," said Daniel Hernandez, General Manager for Data and AI, IBM. "With the addition of Databand.ai, IBM offers the most comprehensive set of observability capabilities for IT across applications, data and machine learning, and is continuing to provide our clients and partners with the technology they need to deliver trustworthy data and AI at scale."
Data observability solutions are also a key part of an organization's broader data strategy and architecture. The acquisition of Databand.ai further extends IBM's existing data fabric solution by helping ensure that the most accurate and trustworthy data is being put into the right hands at the right time â€“ no matter where it resides.
"You can't protect what you can't see, and when the data platform is ineffective, everyone is impacted â€“including customers," said Josh Benamram, Co-Founder and CEO, Databand.ai. "That's why global brands such as FanDuel, Agoda and Trax Retail already rely on Databand.ai to remove bad data surprises by detecting and resolving them before they create costly business impacts. Joining IBM will help us scale our software and significantly accelerate our ability to meet the evolving needs of enterprise clients."
Headquartered in Tel Aviv, Israel, Databand.ai employees will join IBM Data and AI, further building on IBM's growing portfolio of Data and AI products, including its IBM Watson capabilities and IBM Cloud Pak for Data. Financial details of the deal were not disclosed. The acquisition closed on June 27, 2022.
To learn more about Databand.ai and how this acquisition enhances IBM's data fabric solution and builds on its full stack of observability software, you can read our blog about the news or visit here: https://www.ibm.com/analytics/data-fabric.
Databand.ai is a product-driven technology company that provides a proactive data observability platform, which empowers data engineering teams to deliver reliable and trustworthy data. Databand.ai removes bad data surprises such as data incompleteness, anomalies, and breaking data changes by detecting and resolving issues before they create costly business impacts. Databand.ai's proactive approach ties into all stages of your data pipelines, beginning with your source data, through ingestion, transformation, and data access. Databand.ai serves organizations throughout the globe, including some of the world's largest companies in entertainment, technology, and communications. Our focus is on enabling customers to extract the maximum value from their strategic data investments. Databand.ai is backed by leading VCs Accel, Blumberg Capital, Lerer Hippeau, Differential Ventures, Ubiquity Ventures, Bessemer Venture Partners, Hyperwise, and F2. To learn more, visit www.databand.ai.
IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com.
1  Source: Smarter with Gartner, "How to Excellerate Your Data Quality," Manasi Sakpal, [July 14, 2021]
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
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The program is best suited for early-mid career professionals with 2+ years of work experience.
Upon program completion, learners will receive a certificate from Carlson School of Management and Simplilearn.
The program includes masterclasses delivered by distinguished faculty from the University of Minnesota and industry experts from IBM.
The bootcamp will also include career assistance from Simplilearn.
SAN FRANCISCO, Aug. 2, 2022 /PRNewswire/ -- Simplilearn, a global digital skills training provider, announced its partnership with the University of Minnesota's Carlson School of Management for a Bootcamp in Business Analytics. The program will provide a well-planned, high-level understanding of business analytics and the real-world application of analytics across multiple domains. Anyone who has completed their bachelor's degree (in any background) is eligible for this program. The bootcamp is best suited for early-mid career professionals having 2+ years of formal work experience, such as IT professionals, Banking and Finance professionals, Marketing Managers, Supply Chain Network Managers, Analysts, and Consultants.
The six-month program will be based on a blended format of online self-learning and live virtual classes. The key features of the program include:
Program completion certificate from the Carlson School of Management and Simplilearn
Membership to University of Minnesota's Alumni Association
Masterclasses delivered by Carlson School of Management faculty and industry experts from IBM
Industry-recognized IBM certificates for IBM courses
Ask-Me-Anything sessions & hackathons conducted by IBM
More than twelve industry-relevant projects
Simplilearn career assistance
The program curriculum consists of R Programming for Data Science, SQL, Business Analytics with Excel, Data Analytics with Python, Capstone Projects, and other modules.
Speaking about the program, Mr. Anand Narayanan, Chief Product Officer, Simplilearn, said, "In today's business-driven environment, every organization is devising ways to make their decision-making more insightful and impactful. As a result, the role of business analytics continues to grow in importance. Business Analytics provides companies the ability to derive deeper insights and create stronger business recommendations for their own success. Given the industry relevance of the program, we have partnered with the University of Minnesota's Carlson School of Management to curate this Business Analytics Bootcamp that will provide learners an extensive knowledge of the course and widen growth and professional opportunities."
Speaking on the partnership with Simplilearn, Dr. Ravi Bapna, Curtis L. Carlson Chair in Business Analytics and Information Systems at the Carlson School of Management, University of Minnesota said, "Business Analytics can help companies make better, more informed decisions and achieve various goals. Its ability to navigate crises has further increased its importance to the business. Business analytics has certainly changed the dynamics of working in the digital economy and how companies operate."
Simplilearn conducts more than 3000 live classes, with an average of 70,000 learners who together spend more than 500,000 hours each month on the platform. Simplilearn's programs allow learners to upskill and get certified in popular domains. In 2020, Simplilearn introduced a free skills development program called SkillUp. SkillUp lets learners explore in-demand Topics in top professional and technology fields for free, helping them make the right learning and career decisions.
About the Carlson School of Management, University of Minnesota
The Curtis L. Carlson School of Management at the University of Minnesota is a recognized leader in business education and research. Established in 1919 and located in Minneapolis, the Carlson School is committed to developing leaders who believe business is a force for good through experiential learning, international education, and the school's strong ties to the dynamic Twin Cities business community.
With 13 degree programs that are ranked consistently among the world's best, the school offers bachelor's, master's, and doctoral degrees, as well as executive education programs hosted both domestically and abroad. Today, the Carlson School has nearly 60,000 alumni in more than 100 countries.
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone company is the world's #1 online Bootcamp provider for digital economy skills training. Simplilearn offers access to world-class work-ready training to individuals and businesses around the world. The Bootcamps are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or/and business goals.
For more information, please visit www.simplilearn.com/
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IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High
60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses
CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM) Security today released the annual Cost of a Data Breach Report,1 revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.
The perpetuality of cyberattacks is also shedding light on the "haunting effect" data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.
The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.
Some of the key findings in the 2022 IBM report include:
"Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases." said Charles Henderson, Global Head of IBM Security X-Force. "This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked."
Over-trusting Critical Infrastructure Organizations
Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.
Businesses that Pay the Ransom Aren't Getting a "Bargain"
The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years â€“ from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With "time to ransom" dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.
Hybrid Cloud Advantage
The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.
Additional findings in the 2022 IBM report include:
About IBM Security
IBM Security Communications
1 Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored, and analyzed by IBM
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