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The Power of Data Driving Intelligence for Finance & Insurance Institutions

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$513.92

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Singapore Marriott Tang Plaza Hotel

320 Orchard Rd

Singapore, 238865

Singapore

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8.30 am to 11:00 am Singapore Standard Time

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The Power of Data Driving Intelligence for Financial and Insurance Institutions

Fully leveraging the latest transformational technology to improve critical decision-making and fulfilling customers’ needs effectively

The creation, integration and implementation of information management and finance frameworks are critical in an era where the quality of data collected is more crucial than ever. Finance and insurance leaders must create frameworks to connect dependencies across processes for reliable information as they attempt to manage a data-driven organisation to achieve their corporate purpose.

Financial and insurance institutions are striving for access to information, which they see as a valuable asset. To better support important decision-making and satisfy demanding customer requirements, it is necessary to secure and analyse both organised and unstructured data quickly. Obtaining reliable data while adhering to data governance and compliance will increase the quality, accuracy and accessibility of data.

The notion that financial and insurance institutions should concentrate more on preventing crises rather than merely responding to them is not new. What is new is the capability to successfully preempt and mitigate critical events regularly and more successfully.

Recent advances in data analytics, business intelligence, machine learning and artificial intelligence have enabled financial organisations to better detect and accurately forecast operational difficulties. This exponential improvement in the ability to analyse enormous historical data sets and millions of pages of unstructured text to track patterns and identify potential problems is revolutionary.

By creating business intelligence dashboards, organisations can instantly understand where to increase efficiencies, when to manage costs and how to impress customers with the right financial needs in the long run.

Further, data analytics develops a single source of truth for compliance and method to build trust among customers.

Actionable intelligence driving governance

Data governance is the most successful technique for formalising accountability where employees define, produce and use data to execute their job functions quickly. As good data is needed to improve productivity and customer experience, technology that gives more methods of gathering data fast from individuals is expected to accelerate.

Data Democratisation

The rate at which data is generated is increasing all the time. People are preparing themselves to function and engage with data in the larger environment. In addition, the necessity to improve usable data analysis while becoming increasingly data-driven in decision-making is almost unanimously acknowledged.

This cannot be done without reliable analytics tools capable of desegregating and connecting previously siloed data, making it manageable from a single place.

HyperIntelligence – Moving from Reactive to Proactive Decision Making

Financial and insurance institutions must be more perceptive in times of business uncertainty to detect and respond to new technology opportunities that drive digital transformation. HyperIntelligence - a term that has only lately been coined - makes data accessible to employees at their convenience.

For forecasting and strategising, data must be gathered from reliable and personalised sources. The simple card, which is considered the future of Data Analytics, aims to give important data insights for specified keywords across all web apps.

OpenGov Asia is pleased to bring an exclusive Breakfast Insight that aims to provide the latest information on how financial and insurance institutions are using data analytics to drive mission outcomes. This is a closed-door, invitation-only, interactive session with Singapore’s top financial and insurance institutions.

OpenGov Breakfast Insights are concise, to the point, strategic level discussions designed to bring learning to the highest level! The unique proposition of this OpenGov Breakfast Insight is the integration of cutting-edge insights from our expert speakers and interactive discussion among the participants.

This unique session will present the latest research and real-time case studies on the future of data analytics tailored for financial and insurance institutions:

  • Developing insights across organisational boundaries to provide information for decision-makers to better manage risk and execute business strategies
  • Identifying existing technology for analysing large volumes of financial data and turning it into actionable forecasting and decision-making insights
  • Mastering how financial and insurance institutions can leverage data analytics to optimise strategic planning to remain competitive
  • Managing and mining data from client interactions to improve the quality of services provided
  • Understanding how digital technologies can help better understand how customers use data

Who Should Attend:

  • Chief Data Officers
  • Chief Technology Officers
  • Chief Transformation Officers
  • Chief Financial Officers
  • Directors of Finance
  • Directors of Regulatory
  • Directors of Call Centre
  • Directors of Claims
  • Directors of Underwriting
  • Directors of Technology Transformation
  • Directors of Customer Excellence
  • Directors of Technology Excellence
  • Heads of Business Intelligence and Analytics
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    Date and time

    Location

    Singapore Marriott Tang Plaza Hotel

    320 Orchard Rd

    Singapore, 238865

    Singapore

    View Map

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    Organizer OpenGov Asia

    Organizer of The Power of Data Driving Intelligence for Finance & Insurance Institutions

    OpenGov has over 20 years’ experience in providing a platform enabling collaboration. The last 5 years, solely to Public Sector within the Asia Pacific Region, including Australia and New Zealand. We are a team that has revolutionised the traditional conference platform, having developed a method to return real and tangible value to the delegates that attend. By creating an environment that enables and enhances true collaboration and knowledge exchange, OpenGov enhances the experience which provides true insights from lessons learnt. These insights are delivered from, and by the many leaders in government agencies from around the world that attend these events. These events cover ICT, Health, Education and Crisis Assessment Response Effectiveness (CARE). Our team has been past winners of the "Best CEO Level Conference in Asia" award.

    In speaking with over 500 Government ICT officials this year, we have detailed the challenges many government CIO’s face. Due to the ever changing digital environment, CIO's struggle to keep up with all these changes. To assist these CIO's, OpenGov has embarked on a journey of exploration, finding solutions and best practice examples to assist CIO's in bridging this knowledge gap.

    OpenGov has organised many types of events. These events being small training seminars, large scale conferences and industry based exhibitions. They specifically focus on Government, in the areas of Public Sector ICT, Health care and Education. To add further value to these events, we have included private sector representation, which has further expanded on our knowledge based and understanding in the delivery of services to our citizens.

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