Insurance is a business that lives on dies on data. Information about our customers is the very stuff of which our enterprise is made. We work with that data to assess risk and develop products that drive our businesses, and anything that helps us manage that information more efficiently will be a boon to us.
When it comes to data, however, the amount of it that is being created in the Computer Age is actually outstripping our ability to store it. That’s part of the reason that efforts like cloud computing, which stores applications and data out in the ether instead of on our computers, are attracting so much interest. As I’ve mentioned before, however, such storage brings with it some security risks, and when it comes to the data that is our life’s blood, we’re not about taking risks.
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