Increasingly Difficult Security Requirements Complicate Cyber Insurance Renewal
Have you received a cyber insurance renewal notice with a shocking sticker price? With an ever-increasing number of security incidents involving data breaches, ransomware, phishing scams and more, the cyber insurance landscape has changed. It’s no longer possible to get premium discounts for implementing certain security controls—more is now required. And, without enhanced security measures, you may not get cyber insurance at all.
Threats evolve over time, meaning your security posture needs to evolve in order to not only remain operational, but also be compliant to qualify for most insurance policies.
Insurance companies are now requiring more precautionary measures than ever before due to the constant—and costly—increase of threats. Premiums are increasing and coverage is being denied even for companies that have no history of breaches or claims—cyber insurance renewal rates have increased by up to 200% over the past two years, even for companies who have not made any claims.
The average cost of a data breach has raised from a massive $3.86 million in 2020 to a staggering $4.24 million in 2022.
The Solution
With the risks of operating in an increasingly digital world, cyber insurance is essential for your business to function and remain protected in the event of an attack. Aunalytics’ Advanced Security experts have the talent and technology to audit your security and discuss precautionary measures an insurance company may want you to take before renewal. With a dedicated team, your business can avoid costly data breaches, ransomware, and get your security up to snuff.
Are you ready to assess your security before your company is the victim of a bad actor, costing you upward $4.24 million dollars? See if an audit by our security experts makes sense, and whether your insurance company has outright dictated (or hinted by their renewal questionnaires) new precautionary measures that they expect your enterprise to adopt to obtain coverage.
Aunalytics Introduces Enterprise Analytics as a Managed Service for Enterprises in Secondary and Tertiary Markets
Leading Data Management and Analytics Provider Couples Powerful Data Management and AI-driven Analytics Technology with a Team of Data Scientists and Engineers so Enterprise Organizations Can Remain Competitive and Thrive in Today’s Data-driven Environment
South Bend, IN (November 16, 2022) - Aunalytics, a leading data management and analytics company delivering Insights-as-a-Service for mid-market businesses, announced today it has initiated Enterprise Analytics, a managed service comprised of experts in data analytics, data engineering, artificial intelligence (AI) and machine learning. The new solution couples the tools and technology required to help enterprises achieve their analytics objectives for business success.
Organizations need an enterprise data strategy and AI-powered analytics intelligence to better understand their customers, provide insights for new products and services, and improve operational excellence. Yet enterprises in secondary and tertiary markets are often challenged with hiring and retaining the technical talent needed to develop and execute complex analytics solutions.
Analytics typically poses difficulties in three areas:
- Data – Data is often siloed, dirty, and difficult to join; data points that are needed don’t exist; and it’s a challenge to share insights rapidly across the enterprise.
- Technology – Legacy data warehouses were not set up for the volume, variety, and velocity of today’s data; data is based on systems of record, not for analysis; and automation and integration capabilities are lacking, as are machine learning and AI capabilities.
- People – Hiring and retaining needed technical talent is time intensive; data science expertise and AI resources are difficult to find; and IT teams can find it overwhelming with where to start.
Aunalytics offers an all-in-one platform that includes an advanced cloud infrastructure, top level security and compliance with 24/7/365 monitoring, comprehensive data management and analytics, and AI- and machine learning-powered data analytics. The company’s pool of data scientists and engineers work alongside its customers’ data, IT, and business intelligence teams in a partnership model that facilitates their business outcomes.
Enterprise Analytics delivers distinct advantages that help companies achieve return on their investment (ROI):
- Managed analytics services overcome secondary and tertiary market difficulty in hiring and retaining the talent needed for an analytics program.
- Powerful industry-specific analytics with predictive capabilities built by Aunalytics’ data scientists enables customers to competitively position for the future.
- Transactional data mining transforms data into an asset for growth.
- Enterprise Analytics is an end-to-end solution, meaning customers don’t need to piece together technologies; Aunalytics brings the talent and technology to do it all, from data integration to data-driven insights.
- An approach that prioritizes stronger vs. weaker use cases maximizes both short-term and long-term ROI; within the first 90 days, Aunalytics will estimate potential ROI for the highest priority use cases. This customer intelligence model has been shown to generate 390% ROI in the first year.
“We understand the challenges that enterprises in secondary and tertiary markets face when striving for digital transformation, which is a requirement for all organizations who want to remain competitive and thrive in today’s business environment,” said Kyle Davis, Vice President of Managed Analytics, Aunalytics. “Organizations partner with Aunalytics for both the technology and expertise they need to realize value from their data. Analytics is a program, not a project. We extend their in-house teams so they have the consistent long-term expertise it takes to achieve ROI and business outcomes from data analytics.”
Tweet this: .@Aunalytics Introduces Enterprise Analytics as a Managed Service for Enterprises in Secondary and Tertiary Markets #Dataplatform #DataAnalytics #Dataintegration #Dataaccuracy #AdvancedAnalytics #ArtificialIntelligence #AI #Masterdatamanagement #MDM #DataScientist #MachineLearning #ML #DigitalTransformation
About Aunalytics
Aunalytics is a leading data management and analytics company delivering Insights-as-a-Service for mid-sized businesses and enterprises. Selected for the prestigious Inc. 5000 list for two consecutive years as one of the nation’s fastest growing companies, Aunalytics offers managed IT services and managed analytics services, private cloud services, and a private cloud-native data platform for data management and analytics. Aunalytics’ data management platform is built for universal data access, advanced analytics and AI – unifying distributed data silos into a single source of truth for highly accurate, actionable business information. Its DaybreakTM industry intelligent data mart combined with the power of the Aunalytics data platform provides industry-specific data models with built-in queries and AI for accurate mission-critical insights. To solve the talent gap that so many mid-sized businesses and enterprises located in secondary markets face, Aunalytics’ side-by-side digital transformation model provides the technical talent needed for data management and analytics success in addition to its innovative technologies and tools. To learn more contact us at +1 855-799-DATA or visit Aunalytics at https://www.aunalytics.com or on Twitter and LinkedIn.
PR Contact
Denise Nelson
The Ventana Group for Aunalytics
(925) 858-5198
dnelson@theventanagroup.com
Aunalytics Brings Its Portfolio of Managed Services, Enterprise Cloud, and Data Cleansing Solutions to Taste of IT Conference in Ohio
Leading Data Management and Analytics Company to Join More Than 400 IT Professionals for a Day of Networking and Learning
South Bend, IN (November 15, 2022) – Aunalytics, a leading data management and analytics company delivering Insights-as-a-Service for mid-market businesses, will feature its managed services, enterprise cloud, and data cleansing portfolio at the Taste of IT Conference on November 16, 2022. The one-day event, which will be attended by more than 400 IT professionals, will be held at the Sinclair Conference Center in Dayton, Ohio.
Aunalytics provides IT and security expertise to mid-market businesses in the areas of financial services, healthcare, manufacturing and professional services. The company’s Secure Managed Services offering combines mission critical IT services leveraging zero-trust end-to-end security to ensure data is protected regardless of a user’s location. Aunalytics provides managed components that offer stability and security, and its next-generation managed services offering is powered by a data platform that provides data-driven IT answers and embedded security that focuses on people and access.
The full suite of managed IT and integrated security services empowers businesses with a complete, all-encompassing approach that includes 24/7/365 monitoring and management, a synchronized network security platform, workstation and server patching, internet protection, email filtering and security, Office 365 management and security, multi-factor authentication, data and device encryption management, and security awareness training.
The company delivers advanced security for defending against modern threats through a team of engineers and analysts with expert skills and toolsets and, in regulated industries, Aunalytics provides the additional technology and controls required to manage risk. Its team of experts is dedicated to analyzing ever-changing rules and regulations and helping users to create processes and policies for data protection and meet compliance requirements within those industries that are regulated.
Aunalytics’ Enterprise Cloud offering is comprised of infrastructure solutions that provide a highly redundant and scalable platform for hosting servers, data, analytics and applications at any performance level. With the Aunalytics® Cloud Storage and Compute solution, users are assured the highest levels of security, accessibility, expertise, scalability, and savings. Aunalytics’ data centers, located in Northern Indiana and Southwest Michigan, meet the most rigorous standards for security, weather protection, temperature and humidity controls, fire suppression and more.
As data continues to expand exponentially, the challenge of data cleansing is rapidly becoming more difficult, as well as expensive. Aunalytics’ Aunsight™ Golden Record turns siloed data from disparate systems into a single source of truth across the organization. Powered with data accuracy, the cloud-native platform cleanses data to reduce errors, and Golden Record as a Service matches and merges data together into a single source of accurate business information, giving users access to consistent, trusted data across the organization in real-time. With this self-service offering, users can unify all their data to ensure enterprise-wide consistency and better decision making.
“IT executives want practical, real-world knowledge about business changing technology and management solutions that are absolutely critical to drive their businesses forward,” said Robert Lizotte, Local Market Leader, Columbus Region, Aunalytics. “As digital transformation continues to be a high priority for many organizations, our portfolio of managed services, enterprise cloud, and data cleansing solutions provides the tools they need to accelerate their digital transformation journeys. We look forward to participating at a Taste of IT and demonstrating how Aunalytics can help IT professionals advance their business success.”
Tweet this: .@Aunalytics Brings Its Portfolio of Managed Services, Enterprise Cloud, and Data Cleansing Solutions to Taste of IT Conference in Ohio #ToIT22 #Datamanagement #Informationtechnology #Managedservices #Enterprisecloud #Datacleansing #Dataplatform #Dataintegration #Dataaccuracy #Digitaltransformation #ITsecurity #Securitytechnology
About Aunalytics
Aunalytics is a leading data management and analytics company delivering Insights-as-a-Service for mid-sized businesses and enterprises. Selected for the prestigious Inc. 5000 list for two consecutive years as one of the nation’s fastest growing companies, Aunalytics offers managed IT services and managed analytics services, private cloud services, and a private cloud-native data platform for data management and analytics. Aunalytics’ data management platform is built for universal data access, advanced analytics and AI – unifying distributed data silos into a single source of truth for highly accurate, actionable business information. Its DaybreakTM industry intelligent data mart combined with the power of the Aunalytics data platform provides industry-specific data models with built-in queries and AI for accurate mission-critical insights. To solve the talent gap that so many mid-sized businesses and enterprises located in secondary markets face, Aunalytics’ side-by-side digital transformation model provides the technical talent needed for data management and analytics success in addition to its innovative technologies and tools. To learn more contact us at +1 855-799-DATA or visit Aunalytics at https://www.aunalytics.com or on Twitter and LinkedIn.
PR Contact:
Denise Nelson
The Ventana Group for Aunalytics
(925) 858-5198
dnelson@theventanagroup.com
Daybreak Allows Financial Institutions to Increase Wallet Share with Competitor Payment Smart Feature
In the competitive financial services landscape, increasing revenue through new customer acquisition alone is a challenge. According to the Harvard Business Review, it can be anywhere from five to 25 times more expensive to acquire a new customer than to retain an existing one. While new customer acquisition is important, retention and expansion of existing relationships should be a high priority—especially during economic downturns when reducing costs is imperative. A recent report by Bain & Company states, “In financial services, a 5% increase in customer retention produces more than a 25% increase in profit. Why? Return customers tend to buy more from a company over time.” Therefore, it makes sense for community banks and credit unions to focus on retention and increasing wallet share of existing customers.
Winning Back Business by Identifying Competitor Payments
Many community bank customers and credit union members utilize multiple financial institutions for various products. They may have a checking or savings account at their local bank or credit union, but an IRA account at a large, national investment firm, or a loan through another financial institution. By identifying which customers have external accounts and which products they may have through other institutions, community banks and credit unions can take steps to win back that business and increase wallet share of their existing customers and members. Daybreak‘s Competitor Payments Smart Feature mines transactional data and uses AI algorithms to flag external products with competing financial institutions on all active customers/members. These insights can be used to make more attractive targeted offers to win back business.
Watch the video below to see how banks and credit unions can utilize Daybreak’s Competitor Payments insights to win back business from competing institutions:
In addition to providing the ability to discover competitor payment insights in transactional data, Daybreak allows community banks and credit unions to compete with large financial institutions by…
- Understanding customers,
- Optimizing processes, and
- Revealing actionable insights.
See how Daybreak Customer Intelligence for Financial Institutions is the customer data platform that makes it easier for community banks and credit unions to gain actionable insights and achieve positive business outcomes.
How to Increase Customer Engagement: Leveraging First Party Data with Data Analytics
How to Increase Customer Engagement: Leveraging First Party Data with Data Analytics
Financial institutions understand that customer growth is critical for success—both acquiring new customers and, just as importantly, reengaging existing customers. Strengthening customer engagement extends their lifetime value, lowers customer acquisition costs for new business, leads to better business outcomes, and expands revenue growth. Using the data that you already have in-house, coupled with data analytics and predictive modeling, will drive smarter marketing campaigns that increase customer engagement.
