• Making Business Intelligence Applications Work in the Insurance Industry
    Technology in Business

    Making Business Intelligence Applications Work in the Insurance Industry

    Insurance is such a service, which can extend its scope to every section of the society. From richest to poorest, from big corporate to small individual entrepreneur, from space research to agriculture – take any walk of life, insurance can add lot of values to it by helping in managing the risk. Formulating strategies for different segments of society and to meet different risk management needs involve lot of data acquisition, automation of workflow and intelligent analytics.

    Many mathematical and statistical techniques, which were confined to remain topics of academic interest only till recently, have started making increasing contribution in present day services. The reasons being the availability of high speed computing devices at affordable cost and the ease, at which large volume of business data can be stored, retrieved and processed. Software companies have flooded the automation market with various products and tools with varied names like BI (Business Intelligence), ANN (Artificial Neural Network), and Data Mining etc. So, business people need not worry about the volume and complexity of computation required, rather they can focus on their core activities and use these techniques to achieve unprecedented business edge.

    If we identify one single industry where need of such techniques is highest, it has to be Insurance industry. The reason being that Insurance has scope of coverage in every walk of life and to do it properly in any field, the knowledge level required is as high as that of that field. Assessing the risk involved, covering them and providing value addition to customers in various industries requires complete understanding of the industry and powerful analytics.

    In recent years many Insurance service organizations have implemented business intelligence solutions with various names, but mostly these solutions are being used for generating information reports similar to those, which were generated before such implementations. Insurance industry is passing through a very dynamic phase and is looking towards Information Technology for solutions beyond workflow automation, MIS and data processing systems etc.

    Business Intelligence, ANN and Data Mining are relatively new terms for business organizations. Operations research, Optimization models, Statistical Techniques etc. are much older and conventional terms. But concepts and theories involved in both these two sets of techniques are very much similar. If we look at the organizations preparedness and technologies available we find a significant advancement in data acquisition and availability of data. But to convert these advancements to … Read More

  • Brainwave Technology - An Effective Practice to Increased Brain Power
    Modern Technology

    Brainwave Technology – An Effective Practice to Increased Brain Power

    The mind is one of the most important organs in a human body. The purpose and functions of the brain can in no way be downplayed or overlooked. The body intertwines wholly with the brain to function; the brain is the central reasoning and information hub. Neurotransmitters run from the brain to other parts of the body. All functions of the body rely on information to function.

    The brain functions in two states; most individual may be familiar with conscious and subconscious state of the mind. However some people may understand each with deeper understanding. The conscious state is more concerned with brain alertness, whereas the subconscious state may be more active with the deeper comatose state of the brain. Brain power may be active in conscious states.

    Studies have that most human beings use less than a third of their capacity; geniuses may have a greater brain capacity. However, this may be slightly higher than the a third mentioned here. Studies have proved that through some activities someone can rise his/her brain use. Through certain disciplines and drugs one can effectively raise his brain power. Before engaging in any activity that points to this, it is recommended for one to seek professional help, especially if your method involves some use of drugs.

    The brain is integral for many other activities. For example, people who maintain a positive thinking pattern have always led to a happy healthier life among folks. Engaging a positive mind fights off sickness and body complication. Most of the ailments are brought about by a certain mind disorder. Stress and depression is one cause of many health problems, acute ADD and ADHD can result to heart and blood diseases. Heart attacks and High blood pressure conditions are sicknesses that have roots from a disturbed mind.

    The mind plays a major role in the body healing processes. It is common for positive thinkers to recuperate fast than sick individuals who maintain sulky expressions. Positive thinking releases neuron transmitters that help in speedy recoveries. Depression has led some to utilize antidepressants. The use of this may not lead to good experiences especially if the drugs are misused. However, there are other methods that have great outcomes with little or no after effects.

    Brainwave technology is one such method. Scientists have proven that the mind operates on different frequencies. Playing certain music or beats has an effect … Read More