How predictive analytics is transforming the big data world of risk management
Technological advancements and more cost-effective computing power is forging the way for unprecedented opportunities for businesses around the globe.
A more powerful, intelligent approach to big data is paying dividends to the more forward-thinking companies in many areas of their business, and the opportunity for Risk Managers to get on board has never been better.
Where enough data exists, predictive analytics identifies where losses will occur and when. This allows Risk Managers to identify the red flags that are likely to culminate in a loss or a major insurance claim.