Insurance risk managers draw on unstructured data

Latest analytical tools helping insurers to sift through their data

data-universe

Like the physical universe, the data universe is vast and expanding at an enormous rate. Already, total data volumes must be measured in zettabytes – that is trillions of gigabytes. And the amount of information that is being created globally is now doubling around every two years. While some of this data is stored in orderly collections residing in conventional databases, the majority is a more random assortment of text, audio, images and video. Only a tiny fraction of this data is analysed – s

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