Drill Week 1- ARM400

Big Data

• Information, technology and storage services contractually provided from remote locations, through the internet and another network without a direct server connection.

• Obtaining information through language recognition.

• Sets of data that are too large to gather and analyze by traditional methods.

• A distributed digital ledger that facilitates secure transactions without the need for a third party.

Text Mining

• Information, technology and storage services contractually provided from remote locations, through the internet and another network without a direct server connection.

• Obtaining information through language recognition.

• Sets of data that are too large to gather and analyze by traditional methods.

• A distributed digital ledger that facilitates secure transactions without the need for a third party.

Blockchain

• Information, technology and storage services contractually provided from remote locations, through the internet and another network without a direct server connection.

• Obtaining information through language recognition.

• Sets of data that are too large to gather and analyze by traditional methods.

• A distributed digital ledger that facilitates secure transactions without the need for a third party.

Cloud Computing

• Information, technology and storage services contractually provided from remote locations, through the internet and another network without a direct server connection.

• Obtaining information through language recognition.

• Sets of data that are too large to gather and analyze by traditional methods.

• A distributed digital ledger that facilitates secure transactions without the need for a third party.

Internet of Things (IoT)

• An innovative item that uses sensors, wireless sensor networks; and data collection, transmission and analysis to further enable the item to be faster, more useful or otherwise improved.

• The use of technological devices in vehicles with wireless communication and GPS tracking that transmit data to businesses or government agencies; some return information for the driver.

• Obtaining information through language recognition.

• A network of objects that transmit data to and from each other without human interaction.

Telematics

• An innovative item that uses sensors, wireless sensor networks; and data collection, transmission and analysis to further enable the item to be faster, more useful or otherwise improved.

• The use of technological devices in vehicles with wireless communication and GPS tracking that transmit data to businesses or government agencies; some return information for the driver.

• Obtaining information through language recognition.

• A network of objects that transmit data to and from each other without human interaction.

Smart Products

• An innovative item that uses sensors, wireless sensor networks; and data collection, transmission and analysis to further enable the item to be faster, more useful or otherwise improved.

• The use of technological devices in vehicles with wireless communication and GPS tracking that transmit data to businesses or government agencies; some return information for the driver.

• Obtaining information through language recognition.

• A network of objects that transmit data to and from each other without human interaction.

Insurers and risk managers can improve their business results through data drive decision making.

All of these are examples except one

• Explore new sources of data

• Organize large volumes of new data

• Develop new products

• Use Cryptocurrency

ERM stands for

• Early Risk Management

• Evolving Risk Management

• Enterprise Risk Management

• Expressive Risk Management

True or False

Risk appetite is the amount of risk an organization is willing to take on in order to achieve an anticipated result or return.

• True

• False