BUSINESS INTELLIGENCE FOR INSURANCE : THE CHALLENGES
The challenge for insurance companies is not with the data itself. Most insurance companies have collected hundreds, thousands or even millions of rows of granular data about every aspect of their business.
Large volumes of data surrounding factors such as policies, policyholders, risk assessments and claims histories will be stored somewhere in the business. However, that is the problem - this data is stored 'somewhere'. meaning it is often difficult to locate, and even more difficult to extract.
THE VALUE OF BUSINESS INTELLIGENCE FOR INSURANCE
The challenge for insurance companies is not with the data itself. Most insurance companies have collected hundreds, thousands or even millions of rows of granular data about every aspect of their business.
Access to business intelligence and analytics is vital for any insurance company wanting to succeed in an increasingly competitive industry. The ability to turn large volumes of raw data into actionable insights represents a significant value proposition for these businesses. These insights can be proceless in terms of the limitless opportunities they can unearth across the business.