Analytics and Big Data
Analyics and Big Data are the new avenues of insurer to understand its customers better, to create new policies, to improve its predictive analysis by including behavioral and third-party sources and to reduce fraud.
Analytics is the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact based management to drive decisions and actions.
The analytics may be input for human decisions or may drive fully automated decisions. Analytics are a subset of what has come to be called business intelligence: a set of technologies and processes that use data to understand and analyze business performance.
In tecways, we posses distinctive capabilities: the integrated business processes and capabilities that together serve customers in ways that are differentiated from competitors and that create an organization's formula for business success.