Data and information management

EY's insurance industry outlook finds insurers are getting ready to move into the digital world.

With the European Commission’s approval, closure of the $26 billion acquisition is expected soon.

The insurance software providers join forces with Driveway Software and L&T Infotech.

Companies are lured in, spending oodles of money on functions and features they don’t really use to their full advantage early on in the transformation process.

The goal is to improve the algorithms Uber uses to match drivers with passengers, and seek new techniques for building self-driving cars.

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.

Although access to markets is more readily available, consumers still seek advice and guidance from agents before making policy decisions.

The IoT demands an extensive range of new technologies and skills that many organizations have yet to master, Gartner says.

The new technology was unveiled at Amazon's re:Invent conference, which drew 32,000 peoplefrom financial services, healthcare and other industries.

Investments in cloud computing will continue aggressively in 2017, but many organizations will opt for multi-cloud environments in their data centers.

SMA explains how the technology can make insurers more efficient and secure.

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.

DARPA predictions include the possibility that devices or applications will be capable of being launched by human thoughts.

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.

Novarica polled insurers on their top 3 priorities for IT spend in 2017, aggregating the responses.

The U.S. is projected to generate the largest percentage of services spending throughout the forecast period.

A significant portion of overall spending is on unmanaged or self-managed infrastructure, study finds.

Blockchain is likely to play a major role in the reshaping of insurance, but many carriers are still in learning mode.

Truly infusing an insurance organization with data-driven decision-making cannot start with hiring external employees and building stand-alone departments. It must start with frontline employees.

Mark Keim has insurance experience from his time as global head of strategy and corporate development at Aetna.