About Since the insurance industry is founded on estimating future events and measuring the risk/value of these events; volume, velocity, veracity and variety of massive datasets has become an essential tool for insurers. With new data sources such as telematics, sensors, government, customer interactions and social media, the opportunity to utilize big data is more appealing across new areas of this industry nowadays Big Data technologies are used comprehensively to determine risk, claims and enhance customer experience, allowing insurance companies to achieve higher predictive accuracy. Let’s take a look at the major uses of big data and its technologies in
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