The Captive Actuary’s Expanding Role in the Era of Big Data
White Paper Summary
Today Big Data influences the behaviors of individuals, groups of consumers and businesses alike. Telematics devices track both trucks and their cargos. Mobile computer terminals and hospital patient monitors track every action by providers and continuously update patient progress. Building systems measure everything from temperature and humidity to occupancy and people’s movements. Some sports complexes and amusement parks even have real-time evacuation plans that update based on current wind, weather and crowd conditions in the event of chemical or biological attacks. There’s simply no escaping the fact that data analytics are a rapidly-growing facet of nearly everyone’s lives. The question is: Will captives capitalize on all this data?
To learn more about Pinnacle Actuarial Resources, Inc., please visit their website.