Matching Items (14)

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The Monetization of Autonomous Vehicle Data

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Autonomous vehicles (AV) are capable of producing massive amounts of real time and precise data. This data has the ability to present new business possibilities across a vast amount of

Autonomous vehicles (AV) are capable of producing massive amounts of real time and precise data. This data has the ability to present new business possibilities across a vast amount of markets. These possibilities range from simple applications to unprecedented use cases. With this in mind, the three main objectives we sought to accomplish in our thesis were to: Understand if there is monetization potential in autonomous vehicle data Create a financial model of what detailing the viability of AV data monetization Discover how a particular company (Company X) can take advantage of this opportunity, and outline how that company might access this autonomous vehicle data. First, in order to brainstorm how this data could be monetized, we generated potential use cases, defined probable customers of these use cases, and how the data could generate value to customers as a means to understand what the "price" of autonomous vehicle data might be. While we came up with an extensive list of potential data monetization use cases, we evaluated our list of use cases against six criteria to narrow our focus into the following five: Government, Insurance Companies, Mapping, Marketing purposes, and Freight. Based on our research, we decided to move forward with the insurance industry as a proof of concept for autonomous vehicle data monetization. Based on our modeling, we concluded there is a significant market for autonomous vehicle data monetization moving forward. Data accessibility is a key driver in how profitable a particular company and their competitors can be in this space. In order to effectively monetize this data, it would first be important to understand the method by which a company obtains access to the data in the first place. Ultimately, based on our analysis, Company X has positioned itself well to take advantage of the new trends in autonomous vehicle technology. With more strategic investments and innovation, Company X can be a key benefactor of this unprecedented space in the near future.

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Date Created
  • 2018-05

The Foundation of a Startup

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The idea of taking an idea or a plan and turning it into a business is an attractive concept to many, including soon-to-graduate college students. Many graduating young adults are

The idea of taking an idea or a plan and turning it into a business is an attractive concept to many, including soon-to-graduate college students. Many graduating young adults are offered a chance to go the corporate route and become a cog in a machine, specializing in one task and working that job for an entire career. The freedom of being one's own boss, choosing when to work and when to vacation, with the ability to handle all aspects of a business, can be extremely appealing. On the surface, entrepreneurship may seem easy and exciting, but it is much more complicated. While most entrepreneurs would state that their work is exciting, it can also be difficult and full of long hours working alone in high stress environments. Entrepreneurs must know everything about their businesses if they hope to survive. It is difficult for many college students to understand or have access to the complete picture of what it means to be an entrepreneur. In this document, I hope to provide potential entrepreneurs with a sample of what is included in the monstrous task of starting a business from nothing. While every startup has different challenges and problems that must be solved, there are many general principles that apply to every business. Through this report, I plan to convey those principles in a qualitative manner, applying classroom principles learned at the W.P. Carey School of Business to a real life example of a business startup. The startup I have chosen to analyze is an online life insurance broker, founded under the name "Insurmi.com" by Arizona State University student Sonny Patel. I currently work at Insurmi.com as a content writer and will receive data for this report directly from Mr. Patel. Sonny Patel is a recently graduated Arizona State student who started his business during his junior year. Thus, he is a great example of a student entrepreneur, and a look into his daily habits and responsibilities with Insurmi.com will provide a glimpse into what is necessary to build a startup out of college. The format of this thesis is broken into two sections. The first will be research into the current and future state of life insurance, while the second part will be a case study of the foundations and current actions of Insurmi.com. The defense will include a slideshow presentation made up of useful Insurmi.com photography by Sam Jagoda.

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Date Created
  • 2017-12

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Analyzing Roof to Wall Attachment Systems A Micro-Analysis Leading to a Shift in Approaching Hurricane Compliance Incentives

Description

As construction and building methods advance so should their focus on reconstruction post-natural disasters. For the past 50 years there has been an average of 6.2 hurricanes making landfall, and

As construction and building methods advance so should their focus on reconstruction post-natural disasters. For the past 50 years there has been an average of 6.2 hurricanes making landfall, and several recent unfortunate occurrences in the past year that have caused immeasurable damage and taken priceless lives (Chris Landsea 2017). Damages could have been significantly reduced to residential homes and lives saved if proper, hurricane-resistant construction was used. It is important to continue advancement in efficient planning and reconstructive methods to restore individuals into their homes and ensure their safety in the future. Utilizing tested resilient building methods may increase construction costs but has a visible payoff through mitigation of economic losses in the future. This can also help develop response and mitigation plans based on the very specific conditions of each community or affected location. To do so, it is crucial to continue research and test various methods of construction and materials in residential homes. This study was a comparative analysis of the current roof systems implemented in residential homes, the role of hurricane testing facilities in maintaining building codes, and how damage incurred by hurricanes can be significantly reduced through a shift in the approach of homeowner insurance incentive. The purpose of this study was to provide a feasible and practicable solution for increasing implementation of hurricane resistant construction into homes. The results of this analysis concluded that there is a low percentage of homeowners investing in making their homes hurricane resilient. By re-inventing the incentive methods that insurance companies offer, this problem can step into the right direction in making more homes hurricane resilient consequently reducing damages, deaths, and economic loss.

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Date Created
  • 2018-05

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Formulation of Logic Model & Evaluation Plan for CPLC Insurance Program: A Collaboration Between Chicanos Por La Causa and the C.A.R.E. Program at the T. Denny Sanford School of Social and Family Dynamics, Arizona State University

Description

There is a widespread inequality in health care access and insured rates suffered by the Latino, Spanish-speaking population in Arizona, resulting in poor health measures and economic burden. The passage

There is a widespread inequality in health care access and insured rates suffered by the Latino, Spanish-speaking population in Arizona, resulting in poor health measures and economic burden. The passage of the Affordable Care Act in 2010 provided mechanisms to alleviate this disparity, however, many Latino communities lack accessible information and means to gain access to health insurance enrollment. Chicanos Por La Causa (CPLC) is a community based organizing that provides many services to low-income communities across Arizona, one of which is the CPLC Insurance Program. In collaboration with the Community Action Research Experiences (CARE) at Arizona State University, the program was studied to help address the need of a LOGIC model and evaluation plan to determine its effectiveness. Interviews with three executives within CPLC were conducted in conjunction with a literature review to determine the inputs, strategies, outputs, and outcomes of the LOGIC model that drive CPLC Insurance's mission. Evaluation measures were then created to provide the necessary quantitative data that can best show to what degree the program is achieving its goals. Specifically, the results indicated the key outcomes that drive the LOGIC model, and an evaluation plan designed to provide indicators of these outcomes was produced. The implications of this study are that the suggested data collection can verify how effectively the program's actions are creating positive change, as well as show where further improvements may be necessary to maximize effectiveness.

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Date Created
  • 2016-05

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Using Generalized Linear Models to Develop Loss Triangles in Reserving

Description

The use of generalized linear models in loss reserving is not new; many statistical models have been developed to fit the loss data gathered by various insurance companies. The most

The use of generalized linear models in loss reserving is not new; many statistical models have been developed to fit the loss data gathered by various insurance companies. The most popular models belong to what Glen Barnett and Ben Zehnwirth in "Best Estimates for Reserves" call the "extended link ratio family (ELRF)," as they are developed from the chain ladder algorithm used by actuaries to estimate unpaid claims. Although these models are intuitive and easy to implement, they are nevertheless flawed because many of the assumptions behind the models do not hold true when fitted with real-world data. Even more problematically, the ELRF cannot account for environmental changes like inflation which are often observed in the status quo. Barnett and Zehnwirth conclude that a new set of models that contain parameters for not only accident year and development period trends but also payment year trends would be a more accurate predictor of loss development. This research applies the paper's ideas to data gathered by Company XYZ. The data was fitted with an adapted version of Barnett and Zehnwirth's new model in R, and a trend selection algorithm was developed to accompany the regression code. The final forecasts were compared to Company XYZ's booked reserves to evaluate the predictive power of the model.

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Date Created
  • 2018-05

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Financial Intelligence Pays Off: A Personal Guide to Finance for Students

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Financial Intelligence Pays Off blog is an easy to use blog for high school juniors and seniors and college students to access in order to receive a quick overview of

Financial Intelligence Pays Off blog is an easy to use blog for high school juniors and seniors and college students to access in order to receive a quick overview of essential financial topics. There are many sources and college courses for students to take to get a more in-depth understanding of topics such as saving, filing taxes, learning about credit but many times students do not know about these courses. However, it is often that courses are restricted to students who are business majors and online sources sometimes use to technical of terminology for young adults to follow along. The goal of this blog is for it to give students just a quick overview of what taxes are, how to manage and have a good credit score, how to keep a budget and other essential financial tasks. There are five topics covered in the blog as well as resources for students to access if they would like more information on a topic.

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Date Created
  • 2018-12

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Comparison of Widespread State Variation in Optometric Care

Description

Optometry is a field in the United States dedicated to analyzing the health of eyes and offering corrective lenses and/or treatments to improve a patient’s ocular health and vision. Since

Optometry is a field in the United States dedicated to analyzing the health of eyes and offering corrective lenses and/or treatments to improve a patient’s ocular health and vision. Since its origin in the U.S. in the late 19th century, the field of optometry has been met with strong opposition from the medical community, ophthalmologists in particular. This ongoing feud between optometrists and ophthalmologists, medical doctors who also specialize in eye health and perform eye surgeries, continues today as ophthalmologists push back against optometrists’ attempts to expand their scope of practice. With this expansion to include certain eye surgeries, it would save patients both time and money. This is just one factor impacting patients, with another being the widely varied state laws surrounding eye health. Procedures optometrists are able to perform is decided by state laws, which leads to vast discrepancies. Optometrists in one state can perform laser eye surgeries, while optometrists in a nearby state cannot even provide simple treatments for ocular diseases they diagnosis. In this study, three states were analyzed to showcase these variations in possible treatment and demonstrate both the positive and negative impacts they are having on patients. First was Massachusetts which has one of the best medical care systems in the U.S., but one of the worst vision care. As the only state to not allow optometrists to treat glaucoma and one of two states to not allow optometrists to prescribe medications for patients, these limitations have caused patients the inconvenience of having to then visit an ophthalmologist for treatment which adds additional costs and delay in treatment which can cause the conditions to possibly worsen. Second was Oklahoma which was the first U.S. state to allow optometrists to perform laser eye surgeries in 1998. This legislation expanded Oklahoma residents access to treatment as before patients would have to travel to other cities or counties to visit one of the few ophthalmologists in the state. Lastly was Maine which in 2015 passed legislation to allow optometrists to regain control of their field from vision insurance companies who can no longer dictate fees patients are charged if the insurance companies will not cover it. This study concluded that there needs to be a universal vision care system across the U.S. that includes expansion of practice for optometrists and allow them to be in control of their own field, not the state government or vision insurance companies.

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Date Created
  • 2019-05

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Cross Comparison of Three Healthcare Systems in Three Subspecialties

Description

Healthcare systems and health insurance are both concepts implemented in every country to provide access to the general population. Countries undergo healthcare reforms in order to increase the performance of

Healthcare systems and health insurance are both concepts implemented in every country to provide access to the general population. Countries undergo healthcare reforms in order to increase the performance of the system. In 2010, the Affordable Care Act (ACA) was introduced in the United States to increase coverage and create a more inclusive health insurance market. For comparison, the recent reforms in Chile and Singapore were observed as points to determine what concepts work well and what can be implemented in the U.S. system. Unlike the United States, Chile and Singapore completely altered the system that was previously in use. In Chile, the reforms began in the 1970s and made two more major changes in 1973 and early 2000s. Singapore began its reform in the 1960s and created the medical savings account system that is still in use today. To analyze the system further, the medical professions of neurology, physician assistants and optometry were compared in each country. In regards to neurology, the coverage of services in Chile and Singapore are similar in that select medical procedures are covered. In contrast, the United States offers coverage on a case-by-case basis. For physician assistants, such a profession does not exist in Chile or Singapore. In the United States, the profession is rapidly expanding, and coverage is offered for most services provided. Optometry is a stand-alone profession in both the U.S. and Singapore. The services provided by the optometrists are selectively covered by insurance, depending on whether it is considered a medical problem. Chile covers the services often provided by optometrists, however, the ophthalmologist is the provider, as optometry does not exist. This study concluded that the U.S. should continue to provide a more inclusive healthcare system that includes vision and dental care. The U.S., like Singapore, should also adopt a more integrative system. Under this system, patient care would be provided in a way that professionals specializing in the care are included in every step of the process.

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Date Created
  • 2015-05

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Factors That Prevent Different Age Groups in the Arizona Population from Routinely Visiting the Dentist

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Abstract The purpose of this study was to discover the most prominent factors that affect the Arizona population from routinely visiting the dentist. For many people there is a factor

Abstract The purpose of this study was to discover the most prominent factors that affect the Arizona population from routinely visiting the dentist. For many people there is a factor of anxiety or fear, while others have issues with cost, insurance, or even the dental clinic environment. My study looks at some of these factors and supports the data with available research on dental avoidance factors. A significant portion of the study is also allotted to potential solutions to these avoidance factors, in order to increase regular dental visitation. Oral health is extremely important not only to the teeth, but also to the rest of the body. Therefore, it is important to address avoidance factors and find potential solutions to these problems. The study involved 71 participants, eighteen years of age or older, and a questionnaire with twenty-one questions. These questions asked the participants about gender, ethnicity, age, employment, reasons for avoidance, oral health education, and past dental experiences. These questions were designed to better understand how a person's background and understanding of dentistry affect their decision to visit the dentist. These questions also provide insight to why certain avoidance factors apply to different groups of people in the Arizona population. The results of the study showed that anxiety, price, insurance issues, and the personality of the dentist are the most prominent factors that cause individuals to avoid the dentist. Potential solutions to these avoidance factors were given, especially for anxious individuals. There are dentists who deal specifically with anxious individuals through sedation dentistry. Regarding price, there were several options for free or low-cost dental clinics that were provided. Preventative dentistry education was an important focus and solution to many of the avoidance factors, because when individuals are more aware of how to care for their teeth, there is a greater chance that they will have healthier teeth and dental visits will be less invasive and costly. Suggestions were provided for spreading oral health education and preventative dentistry through community programs and schools. Among the avoidance factors addressed, solutions provided, and the importance of oral health and preventative dentistry reiterated, the study stressed the importance of the results to my future profession. As a future dental practitioner, the data and research will be used in order for me to become a more compassionate and accommodating practitioner to my future patients. There is a special relationship and trust between the dental practitioner and their patient, and this study has helped me better understand how to accommodate patients and eliminate the factors that cause them to avoid regular dental visits.

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Date Created
  • 2016-05

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Analyzing Optometric Related Care in Insurance Policies

Description

Optometry is an important field in medicine as it allows people a chance to have their vision corrected and it serves as a health screening opportunity for those who receive

Optometry is an important field in medicine as it allows people a chance to have their vision corrected and it serves as a health screening opportunity for those who receive a dilated eye examination. One of the largest barriers to receiving a dilated eye exam is insurance coverage. Most health insurance policies have limited optometric coverage. By expanding health insurance plans to be more inclusive of optometric care, people who use these health insurance plans will have a better access of care.

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Date Created
  • 2021-05