Perspective: Asia/Pacific Insurers — Big Data Technology Investments in 2012

This IDC Financial Insights Perspective zeros in further on the evolution of big data and how the profound changes within the data infrastructure and analytical applications for the insurance sector would generate use case in fraud management, underwriting, and risk management.

In our IDC Financial Insights report Asia/Pacific Insurance 2012 Top 10 Predictions: Strategic Initiatives for Insurers to Carpe Diem (December 2011), which delineates IDC Financial Insights' predictions on 10 core business, operational, and technology strategic initiatives required for insurers to seize the day, our foremost prediction mentioned that "data integration and analysis will continue to shift to a higher gear as insurers place concerted focus on raising customer experiences." 2012 would definitely be a year when insurers continue to grapple with being better data stewards, alleviate utilization of analytics to a higher level, and raise their customers' experiences.