Today marks the 100th day of the New Year, and we’d like to take a moment to reflect on a few of the more interesting developments we’ve seen thus far in the fast-moving big data analytics arena.
The nature of the insurance industry is changing quickly, and much of that change is being attributed to big data and analytics. In fact, a Research and Markets report on the global insurtech market highlighted big data discovery and analytics as a key market trend that will drive a projected CAGR of 10.41 percent during the period 2016-2020.
There is no simple way to define the Association for Cooperative Operations Research and Development (ACORD), or its significance to the insurance industry. It is simultaneously a global community of insurance professionals and a certifying agency, an established semantics framework and standards-based approach to data management, the reference architecture of choice and a burgeoning body of knowledge for business domains and the data landscape.