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Big Data and Emerging Tech

December 21, 2022 / Melody Smith / Comments Off on Big Data and Emerging Tech

A handful of accelerating technology trends are poised to transform the very nature of insurance. In auto insurance, risk will shift from drivers to the artificial intelligence (AI) and software behind self-driving cars. Satellites, drones and real-time data sets will give insurers unprecedented visibility into the risk around facilities, leading to greater accuracy. The insurance industry is continuously evolving, transitioning to a more customer-centric business model that dwells on customer experiences. This interesting information came to us from Tech Circle in their article, “Insurtech firms can bet on big data analytics for superior customer experience.”

Big data analytics are being used to understand the requirements and behaviors of their consumers in a manner which eventually aids in client growth and retention, increased revenue, allowing them to provide a better service at lower prices. Customers can gain from having easier access to products that are economical, custom-made and simple to use. 

Data Harmony is a fully customizable suite of software products designed to maximize precise, efficient information management and retrieval. Our suite includes tools for taxonomy and thesauri construction, machine aided indexing, database management, information retrieval and explainable AI.

Melody K. Smith

Data Harmony is an award-winning semantic suite that leverages explainable AI.

Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.

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Melody Smith

Melody K. Smith has provided organizational, social media and digital communication services to a large non-profit for the past twenty years. Prior to that she championed employee engagement and communications in the healthcare field. She holds a Bachelors degree in Marketing. When not wrangling and writing TaxoDiary content for your reading pleasure, Melody writes fiction, rescues dogs and throws legendary dinner parties.