With Claims Data, Size Doesn’t Matter

Buzzwords can gain momentum quickly in IT, and the latest technology buzz is around "Big Data." Netflix’s Jeremy Edberg, in an article for InformationWeek (a UBM TechWeb brand), recently defined big data as "the tools and processes of managing and utilizing large datasets." But for insurers looking to build smarter claims organizations, the tools are much more important than the size of the datasets themselves, experts say. "There really is a ton of data in insurance," points out Aaron Fidler, VP at Applied Predictive Technologies, a Washington, D.C.-based provider of analytics software and consulting services.