Tag: Roles of BI in Insurance


How Data Automation Will Impact the Insurance Industry

How Data Automation Will Impact the Insurance Industry

Data automation is having a big impact across all industries. Manufacturers are using Big Data to help improve their yields, the pharmaceutical industry is using big data to increase productivity and businesses are using data automation to help with things such as automated ordering and client analytics. It shouldn’t be at all surprising that the insurance industry stans to benefit from data automation, as well....

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WHY BUSINESS INTELLIGENCE IS VITAL TO THE SUCCESS OF THE INSURANCE INDUSTRY

WHY BUSINESS INTELLIGENCE IS VITAL TO THE SUCCESS OF THE INSURANCE INDUSTRY

The most important asset to ensure survival and success in today’s marketplace is data. Business Intelligence converts this raw data into actionable information. The internet, deregulation, increased competition, consolidation and convergence of insurance services with other financial services have changed the structure of the insurance industry. This has greatly increased the need to implement business intelligence tools within insurance companies. BI refers to collecting, analyzing,...

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