Smart Data Collective

JUNE 26, 2019

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. The twenty-first century offers a lot of exciting innovations when it comes to data processing and analytics. Seeing Into the Future.

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Smart Data Collective

DECEMBER 1, 2022

The world of big data is constantly changing and evolving, and 2021 is no different. As we look ahead to 2022, there are four key trends that organizations should be aware of when it comes to big data: cloud computing, artificial intelligence, automated streaming analytics, and edge computing.

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Smart Data Collective

MARCH 7, 2021

The good news is that big data has become a very effective technology to help bolster cybersecurity. There are a lot of ways companies are using new advances in machine learning and other data technologies to mitigate the risks of cyberattacks. Big Data is Offering a Number of New Options to Improve Online Defenses.

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Smart Data Collective

JUNE 3, 2021

The insurance industry is among those that has found new opportunities to take advantage of machine learning technology. Life insurance companies in particular are discovering the wondrous opportunities that AI provides, since this sector faces some unique challenges relative to other insurance offerings.

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CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

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Smart Data Collective

MARCH 25, 2019

Technology has had a profound impact on the insurance industry. Insurers are relying heavily on big data as the number of insurance policyholders also grow. Big data analytics can help solve a lot of data issues that insurance companies face, but the process is a bit daunting.

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Smart Data Collective

MARCH 27, 2020

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Marital status. Occupation. Type of Vehicle.

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Smart Data Collective

APRIL 13, 2021

Big data analytics has already had a transformative influence across a wide range of sectors, and it’s perhaps no more prevalent than in the world of healthcare. Big data analytics has enabled doctors to access a holistic view of a patient’s health history. Image: Impact ). Smart Glasses & Healthcare Delivery.

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Smart Data Collective

MAY 3, 2021

Big data has played a huge role in the evolution of employment models. Big data has made the gig economy stronger than ever and helped many people find new employment. Data savvy freelancers that understand concepts like self-tracking can get a lot more value out of their work. are your thoughts?

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Smart Data Collective

NOVEMBER 9, 2021

The average consumer is unaware of the phenomenal benefits that big data provides. One of the biggest benefits of big data is that it can help improve driver safety. Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks.

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Smart Data Collective

JULY 25, 2019

Not long ago, big data was one of the most talked about tech trends , as was artificial intelligence (AI). But, in case people need a reminder of how fast technology evolves , they only need to consider something newer — big data AI. So, big data AI can both compile information and respond to it.

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Smart Data Collective

FEBRUARY 21, 2020

Like all other sectors, the healthcare industry collects, stores and uses data. The market for big data in the global healthcare sector is expected to reach $42.8 When a negligence claim is being investigated, this patient data can prove extremely valuable. billion by 2024.

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CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

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Smart Data Collective

SEPTEMBER 28, 2022

In this blog post, we’ll explore some of the advantages of using a big data management solution for your business: Big data can improve your business decision-making. Big data is a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools.

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Smart Data Collective

DECEMBER 4, 2022

We have previously emphasized the huge benefits that big data plays in the financial industry. Most of the discussions about the role of big data in finance center around actuarial models in the insurance sector and using data analytics and machine learning for stock market predictions. billion by 2028.

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Smart Data Collective

JANUARY 30, 2024

Data analytics technology has been invaluable for businesses in all sectors in recent years. The insurance sector is no exception. In a fast-paced world where data is everything, it is imperative to manage it tactfully to get the best results when required. Using data efficiently in the insurance industry is crucial.

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Smart Data Collective

AUGUST 7, 2019

We have talked extensively about the fields that rely most heavily on big data. The insurance industry is one of the companies investing the most in big data technology. Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry.

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Smart Data Collective

SEPTEMBER 16, 2022

Big data technology is shaping the future of healthcare. Global healthcare companies are projected to spend over $105 billion on big data by 2030. One of the biggest benefits of big data in healthcare has been in the field of virtual healthcare. This makes it easier to make more informed diagnoses.

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AWS Big Data

JULY 16, 2024

This post is written in collaboration with Clarisa Tavolieri, Austin Rappeport and Samantha Gignac from Zurich Insurance Group. Zurich Insurance Group (Zurich) is a leading multi-line insurer providing property, casualty, and life insurance solutions globally.

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Smart Data Collective

JANUARY 11, 2023

Even fewer people recognize the role that big data plays in shaping it. However, one thing is certain: advances in big data technology have played a huge role in driving changes in the deep web. How Does Big Data Affect the Deep Web and Surface Web? They all rely on big data in various ways.

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Smart Data Collective

SEPTEMBER 15, 2019

Big data has brought major changes to countless industries. Healthcare, finance, criminal justice, and manufacturing have all been touched by advances in big data. However, big data is also transforming other industries. The music industry is relying more on big data than ever.

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Smart Data Collective

FEBRUARY 2, 2021

Big Data is more than a trend or a buzzword. In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. Consumers are generating huge amounts of data at a rapid rate, and it is estimated that up to 90% of all data was generated only in the past two years.

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Smart Data Collective

MAY 21, 2019

. Organizations are using big data to solve many of their most pressing challenges. Some big data applications have received considerably more attention than others. Marketing and finance are two of the functions that are most dependent on big data. Cybersecurity is becoming a greater concern than ever.

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Smart Data Collective

MAY 30, 2019

Big data is changing the direction of customer service. They rely on big data to better serve customers. Namee Jani wrote a fascinating article on chatbots and data analytics last year. She said they are the next big thing in business optimization in her article on Towards Data Science.

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Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

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Smart Data Collective

SEPTEMBER 15, 2019

Big data is changing the financial industry in a truly astounding way. Hussain of Atos Spain published a white paper on the growing relevance of big data in the finance and insurance verticals. Financial professionals aren’t the only ones utilizing big data to make more informed financial decisions.

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CIO Business Intelligence

FEBRUARY 20, 2025

Customer concerns about old apps At Ensono, Klingbeil runs a customer advisory board, with CIOs from the banking and insurance industries well represented. Banking and insurance are two industries still steeped in the use of mainframes, and Ensono manages mainframes for several customers. We are in mid-transition, Stone says.

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Insurance Cost-Benefit Unstructured Data Data Lake 108

Smart Data Collective

AUGUST 2, 2019

Big data is changing the casino industry in countless ways. CIO has said that the big data has played a key role in increasing the market size of the $40.6 One of the ways that big data has changed the online gaming industry is through better security. Big Data Leads to Major New Blackjack Products.

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Smart Data Collective

NOVEMBER 8, 2021

Data analytics has become a very important aspect of any modern business’s operating strategy. One of the most important ways to utilize big data is with financial management. You will want to know how to use data analytics technology effectively to deal with these challenges. Get the Right Insurance in Place.

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datapine

AUGUST 20, 2019

Consumer data: Data transmitted by customers including, banking records, banking data, stock market transactions, employee benefits, insurance claims, etc. Operations data: Data generated from a set of operations such as orders, online transactions, competitor analytics, sales data, point of sales data, pricing data, etc.

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Smart Data Collective

JULY 16, 2023

Big data technology has undoubtedly changed the financial industry in extraordinary ways. We usually talk about the benefits of big data from the perspective of financial institutions such as hedge fund managers, insurance companies and banks. It will play an even more important role in the future.

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IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

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Smart Data Collective

AUGUST 21, 2019

Millman has introduced some articles on the benefits of big data in the retirement industry. Wade Matterson wrote an article on LinkedIn on the value of big data for solving the retirement riddle. A growing body of research shows that big data can be invaluable for people planning for retirement. governance.

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Smart Data Collective

APRIL 11, 2019

Big data is playing a monumental role in economic development in 2019. It is being used in every industry from healthcare delivery to insurance modeling to political science. According to economic analysts, the market size for big data is currently estimated to be $203 billion. Here are some of the reasons.

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Smart Data Collective

JANUARY 17, 2022

Did you know that global businesses are expected to spend $274 billion on big data this year? The healthcare sector, in particular, has discovered a number of benefits of leveraging data technology. There are a lot of reasons that big data can be useful for healthcare businesses of all sizes.

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IBM Big Data Hub

JUNE 24, 2020

Max Jaiswal is the enterprise data team lead at AIA Australia , a pan-Asian life insurance company with presence in 18 markets across the Asia-Pacific region. The 100-year-old firm is the largest life insurer in the world, and the largest company on the Hong Kong stock exchange , with assets of USD $230 billion.

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IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.

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