Analytics

Many organizations struggle to turn data into insights into action. AI enables that process in a cycle that optimizes continuously, says Forrester senior analyst Brandon Purcell.

Commercial lines tends to outstrip personal when it comes to expanding analytics capabilities, however.

The reinsurer surveyed 163 carriers to establish their data prowess.

As the number of firms implementing big data projects grows, many cite a number of significant challenges.

Data visualization, dashboards, data integration and data quality are among the features cited as most critical by firms.

Machine learning, deep learning and natural language processing are among the technologies that will help drive organizational success.

Virtually every organization will be affected, putting new pressure on creation, collection, utilization and management.

But carriers are interested in improving customer relationships with more value-added services, says NTT Data survey.

Carriers have a ways to go to incorporate insurtechs’ innovations into their processes, Accenture says.

The typical organization today is drowning in data, and IT and business leaders need immediate insights to drive innovation, says Zoomdata executive.