While a significant minority of insurers are building, or intend to build, the specialized infrastructure to support big data projects, a report from analyst group Novarica describes the adoption rate of the technology as “tepid,” and anticipates a broadening analytics gap not only between larger insurers and the midsize insurers who will be left behind, but also between other industries and insurance.
The accompanying survey indicated that 15 to 20 percent of insurers are preparing their technology infrastructure for big data projects.
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