Data warehouses

The company has invested $40 million and partnered with local universities to encourage homegrown analytics talent.

Insurers are face challenges navigating GDPR and dealing with many different repositories of information, among others.

Gains are especially being made near UC Berkeley, one of the major research universities in the Bay Area.

Effective leaders establish and communicate a short list of priorities linked to business objectives so that everyone can align and contribute.

Managing this crucial component of data management will help carriers get better results from their analytics, AI and blockchain initiatives.

Automating manual processes and insurers' growing use of technology are two leading factors behind the change, detailed in a new three-year innovation plan released by the organization.

Carriers who develop internal innovation capabilities can outrun disruptors thanks to industry knowledge and information resources.

Bruce Gifford is selected for the role after serving in the P&C carrier's actuarial department since 2009.

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.

Companies will invest in building out and owning datasets, learning things about their customers that no one else does, and delivering exactly what those customers want and need.

Insurer's chief data officer says the goal was to increase scalability and automation of mission-critical information.

CIO Scott Noerr is constructing a framework for digital innovation at the specialty carrier.

Enterprises remain committed to building on their legacy infrastructures, but the massive influx of data poses new challenges to incorporating it all.

But most firms are focused on just having an artificial intelligence capability rather than one that adds real value, Gartner says.

Pricing has dropped by up to 14% annually as more organizations take their information to a crowded cloud environment.

The inability to easily access, refine and collaborate on information continues to be a large roadblock for many analytics projects, says Zaloni exec.

Modernizing insurers' IT environments often leads to more reliable data that can facilitate improved processes.