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Exploring AI and technology from an accounting and insurance lens
June 20, 2024 @ 3:00 pm - 5:30 pm
Join Marsh McLennan Agency, Wipfli and Conflux for an upcoming event focused on the challenges and opportunities in the manufacturing industry. This event is a great opportunity to hear from industry peers on the challenges they are facing as well as learn from two expert presenters who will share their insights on key topics that are crucial for your success in today’s rapidly evolving landscape.
Cyber risks in today’s manufacturing landscape
Manufacturing companies face unique risks in the world of cybersecurity, requiring a focus on cyber risk mitigation and transfer. In this discussion, Bob will provide insight into Cyber Liability policies with a focus on coverage concerns and challenges unique to manufacturing. He will discuss the core functioning parts of a Cyber policy, explain nuances of claims related to the most frequent Cyber losses, address policy amendments to assure appropriate coverage response for manufacturers, and also share current updates related to the use of AI in breaches and best practices that insurance carriers are seeking from their insureds. This session will help you understand and prepare for a Cyber renewal or placement and aide in evaluating whether you are properly covered, should the worst happen to your company.
Leveraging data as an asset
On average, 60% to 73% of all data within a business enterprise goes unused for analytics and decision making. And although real-time data is the foundation of Industry 4.0 and “smart manufacturing,” that statistic is even higher in the manufacturing sector. As companies face new challenges for labor and external economic and social pressures, it becomes more and more important to have timely insights in your value stream. In this session, Kate will illustrate how manufacturers are leveraging data analytics technology to eliminate data silos, decrease manual reporting efforts and increase the speed at which they can make decisions across the business. By the end of the session, attendees will be presented with the tools needed to get stated on their data transformation journey.