@thomas-j-shevlin
Active 7 years, 10 months ago-
Thomas J Shevlin commented on the post, Weekly Question #7, on the site 7 years, 10 months ago
I think that artificial intelligence will have the largest impact in both my personal and professional life. For instance, one type of AI is self driving cars. As a risk major, this is very important. Currently, auto insurance is one of the biggest revenue drivers in a lot of large insurance carriers. However, with the emergence of self-driving…[Read more]
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Thomas J Shevlin commented on the post, Weekly Question #6, on the site 7 years, 10 months ago
While I think both systems are necessary for an effective business operation, I’d argue that a CRM system is more important. CRMs help organize a company’s customer base which can help drive higher revenue and profits. These systems allow for enhanced communication with customers by allowing organizations’ employees to access a single database of…[Read more]
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Thomas J Shevlin commented on the post, Progress Report for Week Ending, February 23, on the site 7 years, 10 months ago
I think one business that has been disrupted the most and will continue is cable companies. With the rise of video on demand channels such as Netflix, HBO Go, Amazon Prime Video, and more, many people are beginning to stop buying cable and just using these services for their entertainment. Who would have thought 10 years ago that cable companies…[Read more]
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Thomas J Shevlin commented on the post, Progress Report for Week Ending, February 9, on the site 7 years, 10 months ago
As a risk major, customer data is very important in the insurance marketplace. For instance, when a customer files a claim, it is important that the claims department has all the necessary information regarding the customer and the insurance contract. Incorrect or incomplete information can slow the entire claims process down, and possibly cause a…[Read more]
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Thomas J Shevlin commented on the post, Happy Birthday SNL // the typists from the Carol Burnett show, on the site 7 years, 11 months ago
I think that decision trees are very useful in all business fields in addition to information systems. For example, when implementing a new marketing strategy for a brand, one could develop a decision tree to determine the advantages and disadvantages of each decision when implementing the strategy. Even outside of the business world, one can use…[Read more]
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Thomas J Shevlin commented on the post, Weekly Discussion Question #2, on the site 7 years, 11 months ago
As a risk major, I believe that swim lane diagrams would be more useful, as they are very effective at showing each department’s responsibility in accomplishing the business task. These diagrams show the steps of the task at hand and the resources involved, and also are helpful in showing where a mistake occurs. In the insurance world for…[Read more]
