The business of insurance is constantly changing and evolving.As society grows and trends in differing directions, so too mustthe insurance industry read and react to what goes on around it.The industry can be a step behind if it is unable to quickly reactor digest enterprise data. This delay is a vulnerability which canbe exploited in the wrong hands, leaving the door open tofraud.

Data is one of an organization's most valuable resources, asCEOs, CIOs and CFOs are rapidly learning. According to recentindustry studies, insurance carriers are implementing more complextechnology and analytics at a faster pace than ever before. Thisincreasing investment in technology is part of an overall insuranceindustry investment trend to leverage "big data" resources. Havingthese capabilities has fast become a top organizational prioritybecause of how data analytics drive improvement opportunities toall aspects of business operations.

Given this environment, it's no wonder that data analytics hasbroken through to the mainstream so quickly. However, data is a"raw" resource and needs to be drilled, mined and processed into auseable commodity for its consumers.