Teradata Universe 2013: Insurers have natural big data advantage
Insurance companies have an intrinsic big data advantage when it comes to improving their businesses, a global management consulting firm has declared.
Michael Chui, principle, McKinsey Global Institute, gave a talk to Teradata Universe delegates on creating value from big data.
And he told Insurance Age: "Data has always been important to insurance companies.
“The amount of data is increasing and there are new data sources, so businesses need to ask themselves ‘how can I use this data to do the things that are important to my company, but better?’.”
He stated that the use of data from telematics devices in cars could help to improve the
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