How the insurance industry can build a bridge for its legacy data silos

The insurance industry runs on data, from being able to calculate risk through to determining how to handle an incoming claim. With the rise of big data, most insurance companies have been encouraged by the usefulness of data to collect it and create large silos of data. It is in the insurance industry’s best interest to capture all the data in every quote, transaction and claim that has to be processed.

The challenge is that each data silo is separated from the others, as often it is housed in spreadsheets or unique filing systems that do not interact with one another. There is therefore a need to build bridges between and over each of these data lakes to make all of the data contained accessible and useful.

This blog post highlights how the industry can build a bridge for its legacy data silos.