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Data Science

ForMotiv Joins Guidewire Insurtech Vanguards Program to Bring Behavioral Data Science to Guidewire Carriers

ForMotiv | June 13, 2022

ForMotiv
ForMotiv, a leading behavioral data science and intent scoring platform, announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.

“We’re excited about this new partnership with Guidewire to continue to expand our reach in insurance,” said Bill Conners, CEO of ForMotiv. “We have worked hard for four-plus years establishing a footprint with leading carriers – and are excited to be a part of Guidewire’s Insurtech Vanguards program.”

Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire’s P&C customers.

“ForMotiv’s digital behavioral intelligence solution leverages machine learning to produce data analytics and scoring, enabling insurers to quickly view users’ clickstreams on their apps, which can accelerate underwriting and claims analytics. “We are thrilled to welcome ForMotiv and its innovative technology to our program so our mutual customers can raise the bar in leveraging their user data.”

Laura Drabik, chief evangelist, Guidewire

With its industry-leading behavioral data capture and intent scoring solution, ForMotiv works with carriers to help them analyze and monitor customer and agent digital behavior while accurately predicting user intent in real-time. ForMotiv provides robust behavioral reporting and analytics as well as a granular behavioral dataset leverageable across multiple departments. Armed with instant intent scoring and deterministic behavioral signaling, carriers can confidently predict buying intent, identify risk and nondisclosure, and expand their accelerated underwriting offerings to genuine users while dynamically intervening on applications requiring further qualification.

ForMotiv’s real-time predictive behavioral analytics enable next-generation dynamic experiences, or SmartApps, that adapt to individual users based on their behavior. Its suite of products ranges from robust data capture and behavioral analytics to signaling and intent scoring. Carriers can leverage ForMotiv’s expansive behavioral dataset for both offline and real-time use cases.

About ForMotiv
ForMotiv is the only Behavioral Science Platform on the market that enables leading insurance companies to accurately and instantly predict user intent, in real-time. Our solution helps carriers improve digital customer & agent experiences, increase conversions, reduce risk & fraud, and more by analyzing users' digital body language (consisting of thousands of behavioral micro-expressions i.e. keystrokes, mouse movements, hesitation, corrections, copy/paste, and 150+ additional user engagement signals) while users engage with digital applications and claims forms to identify genuine, confused, risky or other behavior. Armed with real-time intent intelligence, ForMotiv carrier customers create next-generation dynamic experiences that adapt to individual users based on their intent. ForMotiv works with Marketing, Risk, Fraud, Data Science, Underwriting, Digital Strategy, and Claims teams.

Spotlight

Understanding User Entity and Behavior Analytics (UEBA)

User Entity and Behavior Analytics (UEBA) is a cybersecurity technology and approach that focuses on analyzing the behavior of users and entities (such as devices, applications, and systems) within an organization's IT environment. By using advanced data analytics, machine learning algorithms, and artificial intelligence, UEBA aims to detect and prevent cyber threats by identifying anomalies, deviations, or patterns in user and entity activities that might indicate potential security risks.


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Ocient | September 25, 2023

Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

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J.D. Power | September 18, 2023

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Business Wire | September 29, 2023

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Airbyte | September 11, 2023

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Ocient, a renowned hyperscale data analytics platform, has recently announced the release of its second annual industry report, titled "Beyond Big Data: Hyperscale Takes Flight." The 2023 report, which is the result of a survey conducted among 500 data and IT leaders responsible for managing data workloads exceeding 150 terabytes, sheds light on the escalating significance of hyperscale data management within enterprises. It also underscores the critical requisites of time, talent, and cutting-edge technology necessary for the effective harnessing of data at scale. Building on the foundation of Ocient's inaugural Beyond Big Data survey, the 2023 report delves into the minds of IT decision-makers, seeking to unravel the challenges, investment priorities, and future prospects occupying the forefront of their agendas for 2023 and beyond. The report offers valuable year-over-year comparisons, drawing on trends identified in 2022 while also presenting fresh, timely insights that mirror the immediate concerns of enterprise leaders in the United States. Among the pivotal insights featured in this year's report are the following: Immediate Emphasis on Data Quality: Organizations committed to leveraging their hyperscale data for critical business decisions are placing paramount importance on ensuring the highest data quality standards. Data Workload Growth as a Driving Force: Data and IT leaders are increasingly recognizing data warehousing and analytics as pivotal elements of their IT strategies, a sentiment vividly reflected in their budget allocations. AI Readiness at the Forefront: Leaders are eager participants in the AI revolution, yet they grapple with concerns surrounding security, accuracy, and trust. Innovation Hindered by Talent and Technology Gaps: Many leaders continue to struggle with the challenges of optimizing their toolsets and scaling their teams swiftly enough to meet the demands posed by hyperscale data volumes. Stephen Catanzano, Senior Analyst, Enterprise Strategy Group, commented: It's clear enterprises are investing in data analytics and warehousing, especially given their costs are being driven up so high with older systems that can't handle the data that's being pushed to them. [Source – Business Wire] Chris Gladwin, Co-Founder and CEO of Ocient, stated that data was not slowing down, and he emphasized that the results of the 2023 Beyond Big Data report confirmed the significance of hyperscale data workloads for enterprises across various industries. He also noted that data volumes were on the rise, as was the importance of comprehending one's data. Nevertheless, the challenges related to data quality, the proliferation of tools, and staffing constraints persisted and were impeding progress in the industry. Furthermore, Gladwin mentioned that the frontier beyond big data had arrived and that Ocient's annual report illustrated the challenges and opportunities that were shaping the enterprise data strategies of the future. About Ocient Ocient is a pioneering hyperscale data analytics solutions company dedicated to empowering organizations to unlock substantial value through the analysis of trillions of data records, achieving performance levels and cost efficiencies previously deemed unattainable. The company is entrusted by leading organizations around the globe to leverage the expertise of its industry professionals in crafting and implementing sophisticated solutions. These solutions not only enable the rapid exploration of new revenue avenues but also streamline operational processes and enhance security measures, all while managing five to 10 times more data and significantly reducing storage requirements by up to 80%.

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J.D. Power | September 18, 2023

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Radiant Logic Announces Expanded Identity Analytics and Data Management Platform Capabilities

Business Wire | September 29, 2023

Radiant Logic, the Identity Data Fabric company, today announces the completed integration of Brainwave GRC following the April 2023 acquisition. These new capabilities solidify Radiant Logic’s entrance in the Identity Analytics market and position our platform in the Identity Governance and Administration market, as seen in the recent Gartner® Market Guide for IGA. With a new website launching today and the release of the full RadiantOne Identity Data Platform, including Identity Analytics, the company celebrates the final integration of Brainwave into Radiant Logic. Radiant Logic, the longtime leader in Identity Data Management, enters the field of Identity Analytics with unprecedented capabilities including Observability, Governance, and Compliance. With 90% of organizations experiencing at least one identity-related breach in the past year, according to the Identity Defined Security Alliance (IDSA), organizations are realizing the essential role of identity data quality and visibility within cybersecurity and overall IT operational maturity best practices. Identity data is the lifeblood for all access decisions, and must be made accessible as the authoritative source for all authentication, authorization, and administration engines. In a recent research note, Gartner recommends that organizations: “Accelerate IAM data improvements for their IAM program by increasing the priority of visibility/observability improvements, including applying the visibility, intelligence, action model to program prioritization decisions." The new release from Radiant Logic represents a major step forward in the ability to use identity data management and identity analytics in cybersecurity and governance practices. Access to the right identity data, at the right time, is critical for any IAM tool, process, or policy. Visibility into all identity data and infrastructure gives clear insight into who has access to what and uncovers outliers and over-privileged access, which helps identify and close security gaps. It’s a powerful combination for any organization. We’re thrilled to announce the full integration of Radiant Logic and Brainwave GRC as one company, one website, and one platform. The new RadiantOne Identity Data Platform will strengthen operational maturity for customers, improve regulatory compliance and audit responses, and enable data-driven security best practices, said John Pritchard, Chief Product Officer, Radiant Logic. We are only seeing the tip of the iceberg regarding the potential for leveraging data science and artificial intelligence in IAM, and we believe that by pairing vast amounts of identity data with analytical inferencing, the possibilities for innovation are endless. With the new capabilities from RadiantOne, identity data can be supplied in a flexible and automated way, allowing organizations to base their security and policy decisions on the most accurate and complete data available. The addition of Identity Analytics brings visibility and intuitive visualization techniques, allowing organizations to use comprehensive identity data to find anomalies, add risk scores, easily respond to audits, and improve their overall security posture. Complete documentation is now available on the Radiant Logic developer portal, the support function is integrated via the customer support portal, and the full platform will be available as an integrated SaaS offering in Q4. The integrated platform combining Identity Data Management and Identity Analytics capabilities will accelerate Zero Trust projects, enable digital transformation, and simplify audit and compliance. Visit our new website at www.radiantlogic.com to learn more. About Radiant Logic Radiant Logic, the identity data experts, helps organizations turn identity data into a strategic asset that drives automated governance, enhanced security, and operational efficiency. Our RadiantOne Identity Data Platform removes complexity as a roadblock to identity-first strategies by creating an authoritative data source for real-time, context-aware controls. We provide visibility and actionable insights to intelligently detect and remediate risk using AI/ML-powered identity analytics. With RadiantOne, organizations are able to tap into the wealth of information across the infrastructure, combining context and analytics to deploy governance that works for the most advanced use cases.

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Airbyte Integrates with Datadog for Superior Data Pipeline Management

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