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Big data” seems to be all the rage these days, but just collecting it isn’t enough. If the data isn’t helping your organization be nimble, it’s time to start learning about high-performance analytics.

The amount of data available for analysis is expanding exponentially. Sentiment data, sensor data, transactional data, third-party data and other big-data sources are streaming in. Insurers looking at scenarios need to make decisions in minutes or at most, hours—not in days or weeks.

High-performance analytics (HPA) allows modelers to work faster with full sets of data—not sample sets. This can provide the type of nuanced analytics that allow an insurer to be more successful in high-risk situations, create innovative and profitable new means of insuring customers, and respond to large-scale disasters in a relevant and cost-effective way.

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