Big data

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

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

The greatest investments will be in banking, healthcare, insurance, securities and investment services, and telecommunications.

Committee members will work to keep regulators up to date on new products from startups and established insurance industry players.

Mobile carriers and tech companies are primed to sell customers car insurance using their in-house data.

Savvy investments, partnerships and hiring practices seen as key to digital transformation.

The growth rate for BI and analytics will decelerate, from 64% in 2015 to a projected 19% by 2020, according to Gartner research.

Software professionals who work on large data-set projects are in high demand.

The startup believes it has a winning formula combining big data, smartphones, and machine learning with consumers’ need for instantaneous service.

Veteran of AIG and Verisk Analytics returns to the carrier side of the business.