article thumbnail

How retailers can embrace hybrid working to drive efficiencies

Citrix

When you think of hybrid working, retail probably isn’t the first industry that comes to mind. Related Stories How insurers can attract and retain the right talent Why cloud networking infrastructure underpins the omnipresent customer experience How carmakers can build a future-ready workforce.

Retail 77
article thumbnail

Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

retail sales fell in May as supply chain challenges drove a decrease in major purchases like vehicles, and record high gas prices pulled spending away from other goods. Inflation’s Impact on the Insurance Market. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How can AI increase your business’s bottom line?

Online Computers

In insurance, for instance, AI is already being used to automate claims processing and identify fraudulent claims. Insurance companies are also leveraging AI-powered chatbots to answer customer questions 24/7, freeing up customer service representatives to provide more in-depth support.

article thumbnail

6 reasons your business needs video surveillance

Online Computers

This can be especially helpful if you run a business like a retail store or daycare center where many people come and go, and your staff may have difficulty having total oversight at all times. These types of evidence can even help expedite bureaucratic processes, which can help you collect insurance faster.

article thumbnail

Maximising Customer Value with 360 View and Machine Learning

Advancing Analytics

Here are a few examples: Retail : Retail companies use customer 360 views to gain a deeper understanding of their customers' purchasing habits and preferences. Risk assessment : Use machine learning to assess the risk profile of customers, which can be used to inform decisions such as credit approval or insurance underwriting.

article thumbnail

The Outrage or Lack Thereof: Lessons Learned from the CrowdStrike Outage

Fusion Risk Management

The Third-Party Threat There seems to have been a lot of confusion around how to classify this incident; some see it as a digital or cyber issue, attempting to claim on their cyber insurance. 13 It speaks to the fact that third parties and Operations, Security, and IT teams are now all intrinsically linked. 3 billion 12.

Outage 52
article thumbnail

How Can Blockchain Improve Supply Chains?

Pure Storage

Increased sustainability: IDC predicts that by 2025, 75% of retailers will be implementing supply chain KPIs that tie carbon emissions to both product development and the suppliers they use, which is expected to boost customer loyalty by 45%.³ 3] IDC FutureScape: Worldwide Retail 2022 Predictions.

Retail 119