Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 billion from the insurance industry. However, major advances in AI have arguably affected the insurance industry even more. Capturing data from documents.

Insurance 134

Insurance Cost-Benefit Big Data Unstructured Data 134

Smart Data Collective

FEBRUARY 2, 2021

Big Data is more than a trend or a buzzword. In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. Consumers are generating huge amounts of data at a rapid rate, and it is estimated that up to 90% of all data was generated only in the past two years.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

Insurance 91

Insurance Data Warehouse Data-driven Unstructured Data 91

IBM Big Data Hub

FEBRUARY 14, 2024

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. Manufacturing Advanced AI with analytics can help manufacturers create predictive insights on market trends.

Cost-Benefit 93

Cost-Benefit Insurance Unstructured Data Machine Learning 93

AWS Big Data

AUGUST 3, 2023

With the rapid growth of technology, more and more data volume is coming in many different formats—structured, semi-structured, and unstructured. Data analytics on operational data at near-real time is becoming a common need.

Data Lake 76

Data Lake Visualization Dashboards Insurance 76

IBM Big Data Hub

NOVEMBER 10, 2023

The rule laid out an interoperability journey that supports seamless data exchange between payers and providers alike — enabling future functionalities and technically incremental use cases. These requirements enable the exchange of important data between healthcare payers and providers.

Cost-Benefit 111

Cost-Benefit Insurance Consulting Unstructured Data 111

Sisense

MAY 4, 2020

In his article in Forbes , he discussed how some of the biggest names in global business — Nike, Burger King, and McDonald’s — and progressive newer entrants to huge sectors like insurance, are embracing data and analytics technology as a platform on which to build their competitive advantages. Organizations must adapt or die.

Big Data 78

Big Data Data-driven Snapshot Unstructured Data 78