Can the P&C industry handle big data?

One of the greatest challenges to any company is the inability to aggregate data and content in such a way that it becomes truly meaningful. Let’s face it, business and data analysts face an increasing challenge when it comes to dealing with data and content sprawl across the enterprise. This leads to glaring inefficiencies in reporting, operations, underwriting, claims management, and the list goes on and on.

While many companies have sought solace by purchasing large scale data marts, warehouses and top of the line reporting tools, many companies lack the expertise or personnel who truly know how to use them. That, coupled with an increasing number of data types, repositories, content types, and in some cases, terabytes and petabytes of unsegregated data, has caused companies to flounder when it comes to efficiency in reporting and identifying meaningful trends in their business.