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Your Whole Company Needs to Be Distinctive, Not Just Your Product

Harvard Business

To them, the unit of differentiation is an individual product, service or brand. The heart of differentiation therefore is your company’s ability to develop and promote distinctive products, services, and branded experiences on a consistent basis. This is a change from the differentiation strategies of the past.

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If Your Company Isn’t Good at Analytics, It’s Not Ready for AI

Harvard Business

For example, online retailers can adjust product prices daily because they have automated the collection of competitors’ prices. With automated pricing engines, insurers and banks can roll out new offers as fast as online competitors. Meanwhile, companies that automate basic data manipulation processes can be proactive.

Company 134
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How to Create and Sustain Financial Inclusion

BCG

The prevalence of transaction accounts, the availability of credit, and the willingness to save and buy insurance products are all positive markers of economic and social improvement. On the flip side, too much credit, high fees, and ill-suited insurance products are all counterproductive.

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What the Companies on the Right Side of the Digital Business Divide Have in Common

Harvard Business

And Honeywell recently established a dedicated Industrial IoT (IIoT) division to create an IoT platform that helps industrial clients derive greater value from its products and the 2.5 Insurers can use this data to better understand their customers and to price policies accordingly. Ecolab is a prime example of this.

Company 70
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Wearable Technology in Healthcare

Tom Spencer

Medical device companies are catching on to the financial potential of these devices and are beginning to add medical wearables to their product lines. For example, an insurance company that gains access to a person’s health records could use information about a pre-existing condition to limit the insurance coverage it offers.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. The interest rate set by the central bank serves as a benchmark or reference rate for banks.

Banking 88
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Digital Transformation Is Racing Ahead and No Industry Is Immune - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

A 2014 study from Constellation Research quantified the accelerating rate of change in the enterprise by examining a simple benchmark — the entry and exit of U.S. Zurich Insurance Group Takes Its IT Infrastructure to the Agile Cloud. Disruption has accelerated dramatically, and the numbers prove it.