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Tag: big data

Top Challenges Facing The Insurance Industry

Whether it’s technological innovations, new insurance products, or regulatory updates, the insurance industry faces a diverse mix of challenges on a daily basis.  That’s why insurance companies, insurance agents, and healthcare providers need to embrace the new wave of doing business. After all, the race to acquire and retain customers is on. This holds especially […]

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How AI Is Helping the Insurance Industry

The insurance industry is seeing a welcome disruption via artificial intelligence (AI), but only a few companies might benefit from this breakthrough. Most organizations lack cognitive technologies to process insight, and this makes the data almost useless. But insurtech companies can connect the potential of the AI data streams available. In this complete introduction to […]

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How Big Data Is Revolutionizing the Insurance Industry

The digital technology revolution has transformed the professional world in significant ways. And it’s no surprise that big data technology has gained popularity, especially with the amount of insightful data that’s available to organizations.   In this article, we’ll cover: Definition: What is big data anyway? Characteristics of big data  (The 4 “V’s”) The importance of […]

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