Consider this: Gartner predicted that in 2017, 60% of big data projects would fail. Staggering, in light of the level of investment being made in the technology to take advantage of the data organizations are generating.
The concept of big data is not new in the insurance industry. If leveraged correctly, big data can transform the way insurers do business by allowing them to continually enrich customer experience, streamline operational costs and increase profitability. Given the intuitively obvious benefits, why is the momentum behind the benefits of Big Data still lagging?
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