Business intelligence

In order to compete in the age of the customer, your data strategy must be top-flight. The vast majority of firms come up short in this regard.

Augmented analytics, continuous intelligence, data fabric and persistent memory servers are among the top trends that will drive advanced analytics adoption, says Gartner.

By 2022, 90 percent of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.

This low maturity is creating an obstacle for firms wanting to increase the value of their data assets and exploit emerging analytics technologies, says Gartner's Melody Chien.

New data quality management practices, data discovery techniques and predictive and prescriptive analytics tools will be among the top trends impacting analytics and business intelligence.

In its new report '100 Data and Analytics Predictions Through 2022,' Gartner looks at how analytics and business intelligence will impact corporate strategies.

CIOs are now pulling in quarter-million dollar paychecks, while the top salaries start at $150,000 and are all geared toward management roles.

Due to retirement and outsourcing, insurers are facing a steep drop in institutional knowledge about the industry, their products and processes.

Life & annuity carriers have had valuable opportunities to learn about new technologies, and not necessarily from their own mistakes.

A growing emphasis on measuring the performance of every operation across an organization to get a daily view of their performance is driving demand.

Organizations need to continue to build an agile data environment that can accommodate traditional BI platforms in concert with a modern information environment.

Cloud for ancillary services has risen in insurance, and within the past few years the trend has expanded to include core as well with Tier-1 carriers migrating to the model.

Business users can more easily learn to use and benefit from modern analytics and business intelligence tools, enabling them to take the lead role in this area by 2019, says Gartner.

The adoption of machine learning and the need for access to data beyond just data science team is changing how many firms approach information warehousing.

Vendor’s technology searches for indicators as first notice of loss information comes in, giving users access to a business intelligence dashboard.

Commercial insurer partners with insurtech SizeUp, helping entrepreneurs maximize profits.

Major business intelligence providers are building tools designed to introduce more employees to data analytics, with a focus on three key areas: accessibility, collaboration and consumability.

Technology and information management dominate the most wanted hires this year, with seven of the top 10 in the IT and analytics fields.

But with a variety of software for reinsurance claims management increasingly available, that may be changing.

Insurer embraces self-service and analytics in revamped claims process.