Role of Big Data Analytics in Insurance

Insight categories: AI and MLFinancial Services

Data in the insurance industry is increasing exponentially, with a 90% increase in the last two years. This big data cannot be managed efficiently using old technologies but requires next-generation solutions.

How can the insurance industry work with big data to price policies, settle claims, analyze customer behavior, detect fraud, and map threats? Learn about big data’s 3 V’s, big data analysis and its benefits, and how to work with unstructured data. Then, examine some big data use cases in the insurance sector.

Authors

Role-of-Big-Data-Analytics-in-an-insurance-industry

Author

Dr. Param Jeet

View all Articles

Role-of-Big-Data-Analytics-in-an-insurance-industry

Author

Subodh Kant Pandey

Senior Consultant

View all Articles

Trending Insights

If You Build Products, You Should Be Using Digital Twins

If You Build Products, You Should Be Using...

Digital TransformationTesting and QAManufacturing and Industrial
ITSM vs ITIL

ITSM vs ITIL

AtlassianTechnology
Retail After COVID-19: How Innovation is Powering the New Normal

Retail After COVID-19: How Innovation is Powering the...

Digital TransformationInsightsConsumer and Retail

Top Authors

Vasyl Akimov

Vasyl Akimov

DevOPS Engineer

Sahil Gupta

Sahil Gupta

Consultant, Engineering

Sonal Padole

Sonal Padole

Senior Project Manager

Vimal Dhale

Vimal Dhale

Senior Consultant Engineering

All Categories

  • URL copied!