Innovative approach to Actionable analytics platform
The Insurance Industry is currently undergoing a tech driven transformation characterized by use of Telematics, IoT (Internet of Things), Wearables, Drones.
The rapid adoption of technology by consumers and Insurers has led to a proliferation of data .To gain a competitive advantage in this changing environment, Insurers need capabilities across the entire data value chain from aggregation, data analytics, to data visualizations.
Analysis of unstructured data, developing standardized data models, expertise on new tools (e.g. R, NoSQL) and building a data science talent pipeline are key challenges faced by Insurance companies in incorporating Analytics within their operations.