Big data

The biggest moments in insurance tech as recorded on our site.

More than half of big data professionals surveyed say they are already deploying big data in the cloud today.

Data mining techniques may be able to more readily identify red flags or spot patterns that suggest fraud, but insurers will still need to rely on data-minded teams to create the algorithms and systems that will detect it and root it out.

As technology supplants old insurance jobs, new opportunities are available for enterprising individuals.

As analytical efforts mature at an organization, it becomes increasingly important to build cross-functional teams in which data science is the primary focus and tool.

The study found that the typical chief data officer has been in their role for an average of 2.4 years, while the chief analytics officer tenure is 2.6 years.

CDOs are adding to the competitiveness of their organizations by contributing to strategic planning and decision making, and by leading digital business initiatives, the report noted.