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Analytics-To-Value: Power BI For Insurance Business

Insurance providers are not an exception in the data-thriving universe, and they have loads of data from claims processes, customer interactions, agents/partner sales. A McKinsey report says that the pace of technology evolution in the insurance industry seems rapid, with agents, customers, and insurers being data-driven for enhanced decision making, optimizing operations, and customer experience.

 

 

Insurance providers have different data stacks for each policy, service area, and SBU. Each operates in silos, and the resulting insurance business intelligence takes a long time to reach the decision-makers. Adopting advanced technologies such as artificial intelligence and a unified view of data from different data sources and structures is daunting for insurers. Let me walk you through some internal details to learn about the adoption of best insurance business intelligence practices.

 

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