
Tag: insurance
The phrase “big data” has come to mean different things to different people, morphing from the huge data volumes too big for traditional databases to handle to the infrastructure required to ingest, store and analyze varieties of structured and, increasingly, unstructured data. Read more…
Business professionals across many industries are currently grappling with the implications of blockchain technology. One industry where having a distributed, encrypted, and immutable ledger of transactions could have a major impact is insurance. Read more…
A study conducted by Valen Analytics found a strong correlation between the use of data analytics and predictive modeling and superior profitability among insurance companies.
Valen Analytics yesterday released the results of its third annual return on investment (ROI) study of its own customers. Read more…
The insurance industry is accelerating deployment of Internet of Things platforms as a way of connecting with insured assets ranging from vehicles, property and even individual policyholders.
In an IoT case study, a telematics vendor worked with Cloudera and other data platform vendors over the last two years to develop a secure next-generation platform that captures data generated by IoT sensors. Read more…
If you’re like most people, you recognize that information has value. The value isn’t always clear, but it’s clearly there. But according to some professional organizations, digital information literally has no value. Read more…
The insurance industry is–by definition and by practice–generally averse to risk. But thanks to the success of early adopters of data analytics, insurance companies in the $1.1-trillion U.S. market are scrambling to ramp up their own data analytics practices before it’s too late. Read more…