It seems that data science is permeating every industry these days, and new industry reports by Forrester Research describe how data science will affect the insurance industry.
Ellen Carney, senior analyst at Forrester, indicates that insurance companies need to build a solid technology foundation to compete in the rapidly moving industry. Here’s a bit from Insurance Networking News on the report:
So what are architects building toward? Carney foresees big data playing a big part in the future of insurance. She tells Insurance Networking News that carriers know what they’re supposed to be doing with big data but few currently have the data science resources/roles to do anything with it. “I know a lot of the big carriers are trying to build out the big data science skills and I even have talked with a smaller regional carrier in the SE that’s building a data science team,” she says.