If there is Big Data, is there Little Data?" – Philosoraptor

Ok, so there is no such thing as a velociraptor that is also a philosopher and is called a philosoraptor. That's just anInternet meme that has been going viral for some time (a meme is a concept that spreads rapidly from person to person, usually through social media and other Internet forums like Reddit or 4chan, and it is distinguished by its creativity). However, big data is a real concept that's disrupting businesses everywhere, the life and health insurance industries included.

But what is big data? How do we as advisors or businesses use it? Will it make your life easier, as most technologies claim to do? And how can you get started?

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.