Gathering and Harvesting New Data through “The Connected Life”
The Connected Life, the digital life is steadily emerging. Today’s insurance consumers are increasingly tech savvy and want services on demand and expect them to be readily accessible anywhere, anytime. Because of this, the insurance industry and more specifically, the personal property and casualty insurance sector, is experiencing a significant period of change and opportunity. The primary change agent in this disruption is the significant amount of specific data that an insurance organization can gain for individual policyholders or prospective policyholders in this era of the Internet of Everything.
An industry steeped in tradition, legacy systems, conservative business practices and risk avoidance is now faced with the need for significant, rapid adoption of new technology accompanied by new data analytics models. This change is in-progress and data from the connected car, connected home and connected person is being gathered. The challenge facing the Insurance organization is not the data gathering, but the management, mining and “harvesting” of this expansive data. In fact, Cisco acknowledges five pillars in this space: Connect, Collect, Analyze, Decide and Apply. Focusing only on the first two areas of Connect and Collect will not provide an advantage over competitors. The key focus areas that will bring true value to insurers are Analyze, Decide, and Apply.
Put simply, a competitive advantage can be achieved by those organizations who effectively “harvest” newly gathered data from connected life solutions. Virtually all property and casualty insurance organizations with a top 100 ranking are investigating, testing, piloting or commercially deploying “Big Data” initiatives. These data gathering initiatives include connected vehicle/telematics, connected home and connected health of the individual, and further include value-added offerings for the consumer, while providing the opportunity for insurers to learn a lot about the policyholder or a prospective policyholder. Read More »
Tags: analytics, Big Data, Cisco, customer experience, digital, financial advisor, Financial Services, insurance, video
Have you used a public cloud? The experience as a developer is truly fantastic. Enter your credit card information and go. Need more resources? Click. Tear down a server and start over? Click. Want APIs for granular access to configure and automate every part of your deployments exactly the way you need them? No problem. Built-in integration with the modern tools and platforms you’re using? Of course.
Traditional IT vs Cloud
Compare that to traditional infrastructure where it takes phone calls or tickets, approvals, and many different platforms that typically aren’t integrated just to get access to servers. Automation is difficult or impossible. Moving fast as a developer just isn’t something you can do. You spend your time wrangling the infrastructure instead of building your app.
The public cloud experience for a developer is liberating. It’s easy, fast, and predictable. It helps them deliver on their promises to the business by removing any obstacles to the resources they need.
Smart companies are freeing their development teams from traditional IT models and helping them move fast by taking advantage of cloud.
Read More »
Tags: analytics, Big Data, CEO, CFO, cloud, CPO, data migration, decision makers, developers, hardware, OpenStack, private cloud, Public Cloud, ROI
Our world is rapidly connecting people, process, data, and things in ways that were unimaginable just a few years ago. The Internet of Everything (IoE) is at the heart of this transformation.
As more dark assets are “lit up,” organizations will receive an influx of valuable data that can lead to insights, knowledge, and opportunities. However, much of the data generated will be just beyond reach, frequently referred to as “dark data.” Read More »
Tags: Big Data, dark assets, dark data, Internet of Everything, internet of things, IoE, IoT, Joseph Bradley
Each week, we’ll highlight the most important Cisco Partner Ecosystem news and stories, as well as point you to important, Cisco-related partner content you may have missed along the way. Here’s what you might have missed this week:
Off the Top
The Channel Company held its XChange Solution Provider event for 2015 this week and our own Lindy Bartell was in attendance. She was gracious enough to provide us with a recap of the events in Dallas, Texas.
Check our Lindy’s blog, Play Big: XChange Solution Provider 2015 and give us your thoughts on the latest event from the Channel Company.
Building Confidence in the Cloud
Xander Uyleman was here this week to talk about how cloud provider Cirrity views customer confidence. It’s a good read on the importance of establishing customer trust. Take a look at Xander’s blog and learn how Cisco powered cloud and managed services can help you too. Read More »
Tags: ashley mccann, Big Data, business outcomes contest, Cisco, cloud, partner, raja sundaram, robb berger, Steve Benvenuto, Stevie Awards, the channel company, Weekly Rewind, xander Uyleman, xchange
Big Data is better than a sharp stick in the eye. I can say this with great authority, since I missed the first half of Strata+Hadoop World 2015 in San Jose because of the latter. But eye injuries have never kept me offline for long, and I was able to follow online with what I didn’t see in person. But I was very happy to make it in to the show on Friday, and even got a seat at about row 6 in the main hall for the keynotes. Read More »
Tags: Big Data, Hadoop, Hortonworks, MapR, Pivotal, Splunk