Analytics

Infogix to extend operational data controls capabilities, provide value to customers.

Insurers will prioritize analytics, mobile and three other next-generation technologies in 2014, says Strategy Meets Action. Find out how the research and consulting firm came to these five.Throughout January, as SMA Founder Deb Smallwood details each of the five next-generation technologies — the current landscape of the technology, opportunities and challenges that come with the technology and action items for insurers.First up, Analytics and Big Data.

More than $1 billion will be invested in the IBM Watson Group, including $100 million in venture funding for businesses that develop applications based on the technology

Enough talk about cloud and big data analytics — insurers want to see execution.

Since last year, new skills and new thinking are more urgent than ever, even as budgets and technology needs remain static.

Insurers, including Nationwide, CNA and MetLife, are leveraging a growing number of data sources and applying high-performance analytics to help detect patterns of fraud as early as possible.

While document management systems continue to house the industry's essential business information, many large insurers are trying to leverage the data contained in a host of new media types to help boost the business.

By the year 2015, the global annual rate of data creation will double to a projected 5.6 zettabytes.

In the last year, insurers, from Geico to Patriot National, have moved more to the cloud.

The increase for 2014 is expected to be driven in part by a rise in data analytics investments, according to the research firm