Big Data in Insurance – Is the Industry Ready to Take Advantage?
The need for information has created this disruptive nomenclature that has taken the world of data by storm. This revolutionary term has the same bearing as âservice oriented architectureâ, a few years back. Analytics has been the mainstay of business processing for decades however, the term âBig Dataâ has added several new dimensions to the world of data. Big data enable companies to create new products and services, enhance existing ones, and in a lot of cases invent entirely new business models.
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