Insurance carriers have accumulated massive amounts of data over the years, which can present a daunting task when it comes time to turn that data into business intelligence (BI). That’s why Deloitte Consulting principal John Lucker believes carriers must conduct a proper data inventory if they haven’t done one already.

“It’s not just a matter of what comes off the top of their head,” says Lucker. “But looking throughout the organization for non-traditional data and in particular in-house data they have purchased or they have licenses for that might be useful for them.”

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