Tue.Dec 26, 2023

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8 big IT failures of 2023

CIO

IT provides the plumbing for just about every company in existence today. Most of the time, that plumbing works fine — but when something goes wrong, it can be more embarrassing (and more expensive) than the most extravagantly overflowing toilet. We’ve gathered eight instances of big tech failures that struck companies and other organizations in 2023.

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AI Boosts Business Productivity with Open Source Calendars

Smart Data Collective

Tons of businesses are looking for new ways to utilize AI technology to improve productivity. A report by Content @ Scale was published this summer showing that 80% of businesses are using AI to some degree. However, many businesses are still trying to figure out how to make the most of AI.

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The only CIO resolution that matters

CIO

In many communities, December is a month set aside for reflection. To wit, across nearly every discipline, one finds magnum opuses entitled “Lessons Learned” or “The Year in Review” as the year draws to a close. Such exercises are valuable but anachronistic. Perhaps in an age when our forebears huddled around campfires waiting for warmer weather annual reviews were the optimal way to accumulate knowledge and empower human agency.

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The Silver Bullet Myth: Debunking One-Size-Fits-All Solutions in Data Governance

Dataversity

Data Governance plays a crucial role in modern business, yet the approach to it is often mired in unhelpful misconceptions. While 61% of leaders indicate a desire to optimize Data Governance processes, only 42% think that they are on track to meet their goals. This disparity highlights a significant challenge: The need for effective strategies has been […] The post The Silver Bullet Myth: Debunking One-Size-Fits-All Solutions in Data Governance appeared first on DATAVERSITY.

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Prepare Now: 2025s Must-Know Trends For Product And Data Leaders

Speaker: Jay Allardyce, Deepak Vittal, and Terrence Sheflin

As we look ahead to 2025, business intelligence and data analytics are set to play pivotal roles in shaping success. Organizations are already starting to face a host of transformative trends as the year comes to a close, including the integration of AI in data analytics, an increased emphasis on real-time data insights, and the growing importance of user experience in BI solutions.

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Venture Capital in the Age of AI: Transforming Due Diligence

Alpha Sense BI

Over the last 12-18 months, both venture capital investors and start-up firms have felt the aftershocks of ongoing economic volatility. Factors affecting funding activity include nearly a dozen interest rate hikes by the Federal Reserve Bank since early 2022, record inflation as the highest in four decades, fading valuations, and looming fears of a recession.

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The Time to Buy a Fixed Indexed Annuity Is Now

Wink Intel

It is my obligation as a financial professional to offer clients the financial product and plan that best suits their unique situation. In many instances that plan can include a fixed indexed annuity (FIA), and it’s important that all financial professionals know something about them. Click HERE To read the full story via Think Advisor Wink’s Moore on the Market: I appreciate the spirit of this article.

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From Boomers To Zoomers: The Seasoned Silver-Haired Advisor’s Guide To The Zillennial Gold Mine

Wink Intel

I’m a young, anxious, confused, and overwhelmed consumer and if you’re reading this, there’s a high likelihood that you retain more financial knowledge than me. I disclose this at the risk of some readers stopping here before they get to the end because I believe this presents a much more advantageous opportunity than it may seem. As a young professional born on the cusp of the Millennial and Gen Z divide, I have a unique position that allows me to understand the perspective of a largely untappe

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New annuity products don’t have ‘icky feeling of commission’

Wink Intel

Some advisors are coming round to annuities but survey reveals majority seldom recommend them – and clients don’t listen anyway. Click HERE to read the full story via InvestmentNews Wink’s Moore on the Market: Here we go again with David Lau bashing commissioned annuities. High commissions compared to what? Most annuities don’t even have fees.

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Do Financial Professionals Recommend Annuities?

Wink Intel

The rate of ownership of annuities in the United States is low, with only about 10 percent of older Americans having a commercial annuity. Researchers have offered many potential rationales as to why people approaching retirement have so little interest in annuities. However, a largely overlooked issue is how financial professionals view annuities and how their recommendations may affect the purchase of annuities among their clients.

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Gain a Competitive Edge With This Scenario Planning Toolkit

In a world where uncertainty and change are constant, scenario planning empowers companies with the agility and competitive edge needed to thrive. Download the toolkit to fortify your business strategy , set up your competitive positioning , and ensure your company is poised to respond to any future scenario.

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SEC Charges RiverSource Distributors with Improper Switching of Variable Annuities

Wink Intel

The Securities and Exchange Commission today announced settled charges against RiverSource Distributors Inc. for improper switching or replacing of variable annuities. This is the SEC’s first-ever enforcement proceeding under Section 11 of the Investment Company Act of 1940. Section 11 of the Investment Company Act prohibits any principal underwriter from making or causing to be made an offer to exchange the securities of registered unit investment trusts (including variable annuities) unless th

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SILAC outlook downgraded due to decline in reinsurance quality

Wink Intel

Utah-based SILAC Insurance Company (SILAC) has had its outlook adjusted from stable to negative by AM Best. The shift to a negative outlook is primarily due to a decline in the quality of SILAC’s reinsurance counterparties and a decrease in risk-adjusted capital, as measured by Best’s Capital Adequacy Ratio (BCAR). Click HERE to read the full story via Insurance Business Mag The post SILAC outlook downgraded due to decline in reinsurance quality appeared first on Wink, Inc.

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Annuity sales are on track for a record year. Here’s what to know before buying

Wink Intel

Consumers pumped record money into annuities in 2023, on the back of higher interest rates and anxiety about the stock market and U.S. economy, experts said. Click HERE to read the full story via CNBC Wink’s Moore on the Market: regory Iacurci at CNBC has a gem for us this morning. He’s interviewing a member of CNBC’s Advisor Council… Is that a pay-for-play deal?

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Aon to Pay $13.4B for NFP

Wink Intel

Aon plc Wednesday announced its plans to acquire retirement, insurance, and wealth advisory NFP for an estimated purchase price of $13.4 billion. NFP will continue to operate as an independent company on a “connected platform” with Aon and will be known as NFP, an Aon company. Doug Hammond, chairman and CEO of NFP, will continue to lead the business, reporting to Eric Andersen, president of Aon, a global provider of risk, retirement, and health solutions to employers.

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Business Intelligence 101: How To Make The Best Solution Decision For Your Organization

Speaker: Evelyn Chou

Choosing the right business intelligence (BI) platform can feel like navigating a maze of features, promises, and technical jargon. With so many options available, how can you ensure you’re making the right decision for your organization’s unique needs? 🤔 This webinar brings together expert insights to break down the complexities of BI solution vetting.

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Not all annuities are equal: Answers to client questions

Wink Intel

How can you help a client choose an annuity? Who’s the right fit for an annuity with an enhanced death benefit rider? Here I provide InsuranceNewsNet with answers to some frequently asked questions about annuities. Click HERE to read the full story via INN Wink’s Moore on the Market: Sage words from my buddy Rich Lane at The Standard – “Fees are only an issue in the absence of value.” This could be applied to annuities in many ways.

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Judge allows SEC annuity fraud allegations against advisor to proceed

Wink Intel

A federal judge refused to toss out annuity fraud charges filed by the Securities and Exchange Commission against a Massachusetts financial advisor. U.S. District Judge Denise J. Casper denied a motion to dismiss filed by Jeffrey Cutter, who is also an insurance agent. Cutter argued that the Investment Advisers Act of 1940 did not apply to the allegations made by the SEC.

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DOL fiduciary rule comments number 14,000+ as opposing views harden

Wink Intel

Federal regulators are releasing a steady trickle of the more than 14,000 public comments on the Department of Labor’s contentious fiduciary rule proposal. One week remains until the Jan. 2 deadline to comment on the rule, which the DOL has fast tracked since its Halloween release. The DOL posted recordings this week of a two-day public hearing held Dec. 12-13.

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Trade groups: keep life insurance out of Mass. proposal banning ‘junk fees’

Wink Intel

Massachusetts Attorney General Andrea Joy Campbell is mimicking the language preferred by federal regulators in proposing regulations to prohibit hidden “junk fees.” Industry trade associations don’t like those two words any better at the state level. In fact, the proposal is moot as it relates to the life insurance industry, a trio of trade groups wrote in a letter requesting an exemption for “life and annuity carriers and products.” Click HERE to read the full story via INN T

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Are Your Impact Comms Resonating With Stakeholders?

Whether your organization is at the start of its sustainability and impact journey or years into it, many brands share a common concern: the uncertainty of whether they are sending stakeholders mixed messages. Creating content that speaks to your audience's “love language” can be a tricky dance. But, worry not! 3BL has put together tips to ensure that your content not only finds its rhythm but also resonates with your target audiences.

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Advisors look ahead to life insurance in 2024

Wink Intel

As 2023 draws to a close, agents and advisors are reviewing the trends that have impacted the life insurance industry during the past several months and are thinking about what is ahead for 2024 and beyond. Two industry experts, John Carroll, SVP and head of life and annuities for LIMRA, and Brian Haney, founder/CEO of The Haney Company, shared some trends that are shaping the industry, what is in store for 2024 and 2025, and steps advisors can take to make the most of these trends.

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