Big Data in the Insurance Industry: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts
Report Code: KNJ00008
Publisher: Date of Publish:
No. of Pages: 500 Category: Services Publisher: Date of Publish:
“Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems. Amid the proliferation of real-time and historical data from sources such as connected devices, web, social media, sensors, log files and transactional applications, Big Data is rapidly gaining traction from a diverse range of vertical sectors. The insurance industry is no exception to this trend, where Big Data has found a host of applications ranging from targeted marketing and personalized products to usage-based insurance, efficient claims processing, proactive fraud detection and beyond. SNS Telecom & IT estimates that Big Data investments in the insurance industry will account for more than $2.4 Billion in 2018 alone. Led by a plethora of business opportunities for insurers, reinsurers, insurance brokers, InsurTech specialists and other stakeholders, these investments are further expected to grow at a CAGR of approximately 14% over the next three years. The “Big Data in the Insurance Industry: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of Big Data in the insurance industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2018 through to 2030. The forecasts are segmented for 8 horizontal submarkets, 8 application areas, 9 use cases, 6 regions and 35 countries. The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.Topics Covered The report covers the following topics: - Big Data ecosystem - Market drivers and barriers - Enabling technologies, standardization and regulatory initiatives - Big Data analytics and implementation models - Business case, application areas and use cases in the insurance industry - 20 case studies of Big Data investments by insurers, reinsurers, InsurTech specialists and other stakeholders in the insurance industry - Future roadmap and value chain - Profiles and strategies of over 270 leading and emerging Big Data ecosystem players - Strategic recommendations for Big Data vendors and insurance industry stakeholders - Market analysis and forecasts from 2018 till 2030 Forecast Segmentation Market forecasts are provided for each of the following submarkets and their subcategories: Hardware, Software & Professional Services - Hardware - Software - Professional Services Horizontal Submarkets - Storage & Compute Infrastructure - Networking Infrastructure - Hadoop & Infrastructure Software - SQL - NoSQL - Analytic Platforms & Applications - Cloud Platforms - Professional Services Application Areas - Auto Insurance - Property & Casualty Insurance - Life Insurance - Health Insurance - Multi-Line Insurance - Other Forms of Insurance - Reinsurance - Insurance Broking Use Cases - Personalized & Targeted Marketing - Customer Service & Experience - Product Innovation & Development - Risk Awareness & Control - Policy Administration, Pricing & Underwriting - Claims Processing & Management - Fraud Detection & Prevention - Usage & Analytics-Based Insurance - Other Use Cases Regional Markets - Asia Pacific - Eastern Europe - Latin & Central America - Middle East & Africa - North America - Western Europe Country Markets - Argentina, Australia, Brazil, Canada, China, Czech Republic, Denmark, Finland, France, Germany, India, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, Norway, Pakistan, Philippines, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand, UAE, UK, USA Key Questions Answered The report provides answers to the following key questions: - How big is the Big Data opportunity in the insurance industry? - How is the market evolving by segment and region? - What will the market size be in 2021, and at what rate will it grow? - What trends, challenges and barriers are influencing its growth? - Who are the key Big Data software, hardware and services vendors, and what are their strategies? - How much are insurers, reinsurers, InsurTech specialists and other stakeholders investing in Big Data? - What opportunities exist for Big Data analytics in the insurance industry? - Which countries, application areas and use cases will see the highest percentage of Big Data investments in the insurance industry? Key Findings The report has the following key findings: - In 2018, Big Data vendors will pocket more than $2.4 Billion from hardware, software and professional services revenues in the insurance industry. These investments are further expected to grow at a CAGR of approximately 14% over the next three years, eventually accounting for nearly $3.6 Billion by the end of 2021. - Through the use of Big Data technologies, insurers and other stakeholders are beginning to exploit their data assets in a number of innovative ways ranging from targeted marketing and personalized products to usage-based insurance, efficient claims processing, proactive fraud detection and beyond. - The growing adoption of Big Data technologies has brought about an array of benefits for insurers and other stakeholders. Based on feedback from insurers worldwide, these include but are not limited to an increase in access to insurance services by more than 30%, a reduction in policy administration workload by up to 50%, prediction of large loss claims with an accuracy of nearly 80%, cost savings in claims processing and management by 40-70%, accelerated processing of non-emergency insurance claims by a staggering 90%; and improvements in fraud detection rates by as much as 60%. - In addition, Big Data technologies are playing a pivotal role in facilitating the adoption of on-demand insurance models – particularly in auto, life and health insurance, as well as the insurance of new and underinsured risks such as cyber crime. List of Companies Mentioned 1010data Absolutdata Accenture Actian Corporation Adaptive Insights Adobe Systems Advizor Solutions Aegon AeroSpike Aetna AFS Technologies Alation Algorithmia Allianz Group Allstate Corporation Alluxio Alphabet ALTEN Alteryx AMD (Advanced Micro Devices) Anaconda Apixio Arcadia Data Arimo Arity ARM ASF (Apache Software Foundation) Atidot AtScale Attivio Attunity Automated Insights AVORA AWS (Amazon Web Services) AXA Axiomatics Ayasdi BackOffice Associates Basho Technologies BCG (Boston Consulting Group) Bedrock Data BetterWorks Big Panda BigML Birst Bitam Blue Medora BlueData Software BlueTalon BMC Software BOARD International Booz Allen Hamilton Boxever CACI International Cambridge Semantics Cape Analytics Capgemini Cazena Centrifuge Systems CenturyLink Chartio China Life Insurance Company Cigna Cisco Systems Civis Analytics ClearStory Data Cloudability Cloudera Cloudian Clustrix CognitiveScale Collibra Concirrus Concurrent Technology Confluent Contexti Couchbase Crate.io Cray CSA (Cloud Security Alliance) CSCC (Cloud Standards Customer Council) Dai-ichi Life Holdings Databricks Dataiku Datalytyx Datameer DataRobot DataStax Datawatch Corporation Datos IO DDN (DataDirect Networks) Decisyon Dell Technologies Deloitte Demandbase Denodo Technologies Dianomic Systems Digital Reasoning Systems Dimensional Insight DMG (Data Mining Group) Dolphin Enterprise Solutions Corporation Domino Data Lab Domo Dremio DriveScale Druva Dundas Data Visualization DXC Technology Elastic Engineering Group (Engineering Ingegneria Informatica) EnterpriseDB Corporation eQ Technologic ERGO Group Ericsson Erwin EVŌ (Big Cloud Analytics) EXASOL EXL (ExlService Holdings) Facebook FICO (Fair Isaac Corporation) Figure Eight FogHorn Systems Fractal Analytics Franz Fujitsu Fuzzy Logix Gainsight GE (General Electric) Generali Group Glassbeam GNS Healthcare GoodData Corporation Google Grakn Labs Greenwave Systems GridGain Systems Guavus H2O.ai Hanse Orga Group HarperDB HCL Technologies Hedvig Hitachi Vantara Hortonworks HPE (Hewlett Packard Enterprise) Huawei HVR HyperScience HyTrust IBM Corporation iDashboards IDERA IEC (International Electrotechnical Commission) IEEE (Institute of Electrical and Electronics Engineers) Ignite Technologies Imanis Data Impetus Technologies INCITS (InterNational Committee for Information Technology Standards) Incorta InetSoft Technology Corporation InfluxData Infogix Infor Informatica Information Builders Infosys Infoworks Insightsoftware.com InsightSquared Intel Corporation Interana InterSystems Corporation ISO (International Organization for Standardization) ITU (International Telecommunication Union) Jedox Jethro Jinfonet Software JMDC Corporation Juniper Networks KALEAO Keen IO Kenko-Nenrei Shogaku Tanki Hoken Keyrus Kinetica KNIME Kognitio Kyvos Insights LeanXcale Lexalytics Lexmark International Lightbend Linux Foundation Logi Analytics Logical Clocks Longview Solutions Looker Data Sciences LucidWorks Luminoso Technologies Maana Manthan Software Services MapD Technologies MapR Technologies MariaDB Corporation MarkLogic Corporation Mathworks MEAG (Munich Ergo Asset Management) Melissa MemSQL Metric Insights MetroMile Microsoft Corporation MicroStrategy Minitab MongoDB Mu Sigma Munich Re NEC Corporation Neo First Life Insurance Company Neo4j NetApp Nimbix Nokia Noritsu Koki NTT Data Corporation Numerify NuoDB NVIDIA Corporation OASIS (Organization for the Advancement of Structured Information Standards) Objectivity Oblong Industries ODaF (Open Data Foundation) ODCA (Open Data Center Alliance) ODPi (Open Ecosystem of Big Data) OGC (Open Geospatial Consortium) OpenText Corporation Opera Solutions Optimal Plus Optum OptumLabs Oracle Corporation Oscar Health Palantir Technologies Panasonic Corporation Panorama Software Paxata Pepperdata Phocas Software Pivotal Software Prognoz
Table of Contents 1 Chapter 1: Introduction 1.1 Executive Summary 1.2 Topics Covered 1.3 Forecast Segmentation 1.4 Key Questions Answered 1.5 Key Findings 1.6 Methodology 1.7 Target Audience 1.8 Companies & Organizations Mentioned 2 Chapter 2: An Overview of Big Data 2.1 What is Big Data? 2.2 Key Approaches to Big Data Processing 2.2.1 Hadoop 2.2.2 NoSQL 2.2.3 MPAD (Massively Parallel Analytic Databases) 2.2.4 In-Memory Processing 2.2.5 Stream Processing Technologies 2.2.6 Spark 2.2.7 Other Databases & Analytic Technologies 2.3 Key Characteristics of Big Data 2.3.1 Volume 2.3.2 Velocity 2.3.3 Variety 2.3.4 Value 2.4 Market Growth Drivers 2.4.1 Awareness of Benefits 2.4.2 Maturation of Big Data Platforms 2.4.3 Continued Investments by Web Giants, Governments & Enterprises 2.4.4 Growth of Data Volume, Velocity & Variety 2.4.5 Vendor Commitments & Partnerships 2.4.6 Technology Trends Lowering Entry Barriers 2.5 Market Barriers 2.5.1 Lack of Analytic Specialists 2.5.2 Uncertain Big Data Strategies 2.5.3 Organizational Resistance to Big Data Adoption 2.5.4 Technical Challenges: Scalability & Maintenance 2.5.5 Security & Privacy Concerns 3 Chapter 3: Big Data Analytics 3.1 What are Big Data Analytics? 3.2 The Importance of Analytics 3.3 Reactive vs. Proactive Analytics 3.4 Customer vs. Operational Analytics 3.5 Technology & Implementation Approaches 3.5.1 Grid Computing 3.5.2 In-Database Processing 3.5.3 In-Memory Analytics 3.5.4 Machine Learning & Data Mining 3.5.5 Predictive Analytics 3.5.6 NLP (Natural Language Processing) 3.5.7 Text Analytics 3.5.8 Visual Analytics 3.5.9 Graph Analytics 3.5.10 Social Media, IT & Telco Network Analytics 4 Chapter 4: Business Case & Applications in the Insurance Industry 4.1 Overview & Investment Potential 4.2 Industry Specific Market Growth Drivers 4.3 Industry Specific Market Barriers 4.4 Key Application Areas 4.4.1 Auto Insurance 4.4.2 Property & Casualty Insurance 4.4.3 Life Insurance 4.4.4 Health Insurance 4.4.5 Multi-Line Insurance 4.4.6 Other Forms of Insurance 4.4.7 Reinsurance 4.4.8 Insurance Broking 4.5 Use Cases 4.5.1 Personalized & Targeted Marketing 4.5.2 Customer Service & Experience 4.5.3 Product Innovation & Development 4.5.4 Risk Awareness & Control 4.5.5 Policy Administration, Pricing & Underwriting 4.5.6 Claims Processing & Management 4.5.7 Fraud Detection & Prevention 4.5.8 Usage & Analytics-Based Insurance 4.5.9 Other Use Cases 5 Chapter 5: Insurance Industry Case Studies 5.1 Insurers 5.1.1 Aegon: Driving Customer Engagement & Sales with Big Data 5.1.2 Aetna: Predicting & Improving Health with Big Data 5.1.3 Allianz Group: Uncovering Insurance Fraud with Big Data 5.1.4 Allstate Corporation & Arity: Making Transportation Safer & Smarter with Big Data 5.1.5 AXA: Simplifying Customer Interaction with Big Data 5.1.6 China Life Insurance Company: Elevating Risk Awareness with Big Data 5.1.7 Cigna: Streamlining Health Insurance Claims with Big Data 5.1.8 Dai-ichi Life Holdings: Unlocking & Opening Doors to Life Insurance with Big Data 5.1.9 Generali Group: Digitizing the Insurance Value Chain with Big Data 5.1.10 Progressive Corporation: Rewarding Safe Drivers & Improving Traffic Safety with Big Data 5.1.11 Samsung Fire & Marine Insurance: Transforming Insurance Underwriting with Big Data 5.1.12 UnitedHealth Group: Enhancing Patient Care & Value with Big Data 5.1.13 Zurich Insurance Group: Improving Risk Management with Big Data 5.2 Reinsurers, InsurTech Specialists & Other Stakeholders 5.2.1 Atidot: Empowering Life Insurance with Big Data 5.2.2 Cape Analytics: Delivering Instant Property Intelligence with Big Data 5.2.3 Concirrus: Enabling Smarter Marine & Auto Insurance with Big Data 5.2.4 JMDC Corporation: Optimizing Health Insurance Premiums with Big Data 5.2.5 MetroMile: Revolutionizing Auto Insurance with Big Data 5.2.6 Munich Re: Pioneering Cyber Insurance with Big Data 5.2.7 Oscar Health: Humanizing Health Insurance with Big Data 6 Chapter 6: Future Roadmap & Value Chain 6.1 Future Roadmap 6.1.1 Pre-2020: Investments in Advanced Analytics & AI (Artificial Intelligence) 6.1.2 2020 – 2025: Large-Scale Adoption of Usage & Analytics-Based Insurance 6.1.3 2025 – 2030: Towards the Digitization of Insurance Services 6.2 The Big Data Value Chain 6.2.1 Hardware Providers 6.2.1.1 Storage & Compute Infrastructure Providers 6.2.1.2 Networking Infrastructure Providers 6.2.2 Software Providers 6.2.2.1 Hadoop & Infrastructure Software Providers 6.2.2.2 SQL & NoSQL Providers 6.2.2.3 Analytic Platform & Application Software Providers 6.2.2.4 Cloud Platform Providers 6.2.3 Professional Services Providers 6.2.4 End-to-End Solution Providers 6.2.5 Insurance Industry 7 Chapter 7: Standardization & Regulatory Initiatives 7.1 ASF (Apache Software Foundation) 7.1.1 Management of Hadoop 7.1.2 Big Data Projects Beyond Hadoop 7.2 CSA (Cloud Security Alliance) 7.2.1 BDWG (Big Data Working Group) 7.3 CSCC (Cloud Standards Customer Council) 7.3.1 Big Data Working Group 7.4 DMG (Data Mining Group) 7.4.1 PMML (Predictive Model Markup Language) Working Group 7.4.2 PFA (Portable Format for Analytics) Working Group 7.5 IEEE (Institute of Electrical and Electronics Engineers) 7.5.1 Big Data Initiative 7.6 INCITS (InterNational Committee for Information Technology Standards) 7.6.1 Big Data Technical Committee 7.7 ISO (International Organization for Standardization) 7.7.1 ISO/IEC JTC 1/SC 32: Data Management and Interchange 7.7.2 ISO/IEC JTC 1/SC 38: Cloud Computing and Distributed Platforms 7.7.3 ISO/IEC JTC 1/SC 27: IT Security Techniques 7.7.4 ISO/IEC JTC 1/WG 9: Big Data 7.7.5 Collaborations with Other ISO Work Groups 7.8 ITU (International Telecommunication Union) 7.8.1 ITU-T Y.3600: Big Data – Cloud Computing Based Requirements and Capabilities 7.8.2 Other Deliverables Through SG (Study Group) 13 on Future Networks 7.8.3 Other Relevant Work 7.9 Linux Foundation 7.9.1 ODPi (Open Ecosystem of Big Data) 7.10 NIST (National Institute of Standards and Technology) 7.10.1 NBD-PWG (NIST Big Data Public Working Group) 7.11 OASIS (Organization for the Advancement of Structured Information Standards) 7.11.1 Technical Committees 7.12 ODaF (Open Data Foundation) 7.12.1 Big Data Accessibility 7.13 ODCA (Open Data Center Alliance) 7.13.1 Work on Big Data 7.14 OGC (Open Geospatial Consortium) 7.14.1 Big Data DWG (Domain Working Group) 7.15 TM Forum 7.15.1 Big Data Analytics Strategic Program 7.16 TPC (Transaction Processing Performance Council) 7.16.1 TPC-BDWG (TPC Big Data Working Group) 7.17 W3C (World Wide Web Consortium) 7.17.1 Big Data Community Group 7.17.2 Open Government Community Group 8 Chapter 8: Market Sizing & Forecasts 8.1 Global Outlook for the Big Data in the Insurance Industry 8.2 Hardware, Software & Professional Services Segmentation 8.3 Horizontal Submarket Segmentation 8.4 Hardware Submarkets 8.4.1 Storage and Compute Infrastructure 8.4.2 Networking Infrastructure 8.5 Software Submarkets 8.5.1 Hadoop & Infrastructure Software 8.5.2 SQL 8.5.3 NoSQL 8.5.4 Analytic Platforms & Applications 8.5.5 Cloud Platforms 8.6 Professional Services Submarket 8.6.1 Professional Services 8.7 Application Area Segmentation 8.7.1 Auto Insurance 8.7.2 Property & Casualty Insurance 8.7.3 Life Insurance 8.7.4 Health Insurance 8.7.5 Multi-Line Insurance 8.7.6 Other Forms of Insurance 8.7.7 Reinsurance 8.7.8 Insurance Broking 8.8 Use Case Segmentation 8.8.1 Personalized & Targeted Marketing 8.8.2 Customer Service & Experience 8.8.3 Product Innovation & Development 8.8.4 Risk Awareness & Control 8.8.5 Policy Administration, Pricing & Underwriting 8.8.6 Claims Processing & Management 8.8.7 Fraud Detection & Prevention 8.8.8 Usage & Analytics-Based Insurance 8.8.9 Other Use Cases 8.9 Regional Outlook 8.10 Asia Pacific 8.10.1 Country Level Segmentation 8.10.2 Australia 8.10.3 China 8.10.4 India 8.10.5 Indonesia 8.10.6 Japan 8.10.7 Malaysia 8.10.8 Pakistan 8.10.9 Philippines 8.10.10 Singapore 8.10.11 South Korea 8.10.12 Taiwan 8.10.13 Thailand 8.10.14 Rest of Asia Pacific 8.11 Eastern Europe 8.11.1 Country Level Segmentation 8.11.2 Czech Republic 8.11.3 Poland 8.11.4 Russia 8.11.5 Rest of Eastern Europe 8.12 Latin & Central America 8.12.1 Country Level Segmentation 8.12.2 Argentina 8.12.3 Brazil 8.12.4 Mexico 8.12.5 Rest of Latin & Central America 8.13 Middle East & Africa 8.13.1 Country Level Segmentation 8.13.2 Israel 8.13.3 Qatar 8.13.4 Saudi Arabia 8.13.5 South Africa 8.13.6 UAE 8.13.7 Rest of the Middle East & Africa 8.14 North America 8.14.1 Country Level Segmentation 8.14.2 Canada 8.14.3 USA 8.15 Western Europe 8.15.1 Country Level Segmentation 8.15.2 Denmark 8.15.3 Finland 8.15.4 France 8.15.5 Germany 8.15.6 Italy 8.15.7 Netherlands 8.15.8 Norway 8.15.9 Spain 8.15.10 Sweden 8.15.11 UK 8.15.12 Rest of Western Europe 9 Chapter 9: Vendor Landscape 9.1 1010data 9.2 Absolutdata 9.3 Accenture 9.4 Actian Corporation/HCL Technologies 9.5 Adaptive Insights 9.6 Adobe Systems 9.7 Advizor Solutions 9.8 AeroSpike 9.9 AFS Technologies 9.10 Alation 9.11 Algorithmia 9.12 Alluxio 9.13 ALTEN 9.14 Alteryx 9.15 AMD (Advanced Micro Devices) 9.16 Anaconda 9.17 Apixio 9.18 Arcadia Data 9.19 ARM 9.20 AtScale 9.21 Attivio 9.22 Attunity 9.23 Automated Insights 9.24 AVORA 9.25 AWS (Amazon Web Services) 9.26 Axiomatics 9.27 Ayasdi 9.28 BackOffice Associates 9.29 Basho Technologies 9.30 BCG (Boston Consulting Group) 9.31 Bedrock Data 9.32 BetterWorks 9.33 Big Panda 9.34 BigML 9.35 Bitam 9.36 Blue Medora 9.37 BlueData Software 9.38 BlueTalon 9.39 BMC Software 9.40 BOARD International 9.41 Booz Allen Hamilton 9.42 Boxever 9.43 CACI International 9.44 Cambridge Semantics 9.45 Capgemini 9.46 Cazena 9.47 Centrifuge Systems 9.48 CenturyLink 9.49 Chartio 9.50 Cisco Systems 9.51 Civis Analytics 9.52 ClearStory Data 9.53 Cloudability 9.54 Cloudera 9.55 Cloudian 9.56 Clustrix 9.57 CognitiveScale 9.58 Collibra 9.59 Concurrent Technology/Vecima Networks 9.60 Confluent 9.61 Contexti 9.62 Couchbase 9.63 Crate.io 9.64 Cray 9.65 Databricks 9.66 Dataiku 9.67 Datalytyx 9.68 Datameer 9.69 DataRobot 9.70 DataStax 9.71 Datawatch Corporation 9.72 DDN (DataDirect Networks) 9.73 Decisyon 9.74 Dell Technologies 9.75 Deloitte 9.76 Demandbase 9.77 Denodo Technologies 9.78 Dianomic Systems 9.79 Digital Reasoning Systems 9.80 Dimensional Insight 9.81 Dolphin Enterprise Solutions Corporation/Hanse Orga Group 9.82 Domino Data Lab 9.83 Domo 9.84 Dremio 9.85 DriveScale 9.86 Druva 9.87 Dundas Data Visualization 9.88 DXC Technology 9.89 Elastic 9.90 Engineering Group (Engineering Ingegneria Informatica) 9.91 EnterpriseDB Corporation 9.92 eQ Technologic 9.93 Ericsson 9.94 Erwin 9.95 EVŌ (Big Cloud Analytics) 9.96 EXASOL 9.97 EXL (ExlService Holdings) 9.98 Facebook 9.99 FICO (Fair Isaac Corporation) 9.100 Figure Eight 9.101 FogHorn Systems 9.102 Fractal Analytics 9.103 Franz 9.104 Fujitsu 9.105 Fuzzy Logix 9.106 Gainsight 9.107 GE (General Electric) 9.108 Glassbeam 9.109 GoodData Corporation 9.110 Google/Alphabet 9.111 Grakn Labs 9.112 Greenwave Systems 9.113 GridGain Systems 9.114 H2O.ai 9.115 HarperDB 9.116 Hedvig 9.117 Hitachi Vantara 9.118 Hortonworks 9.119 HPE (Hewlett Packard Enterprise) 9.120 Huawei 9.121 HVR 9.122 HyperScience 9.123 HyTrust 9.124 IBM Corporation 9.125 iDashboards 9.126 IDERA 9.127 Ignite Technologies 9.128 Imanis Data 9.129 Impetus Technologies 9.130 Incorta 9.131 InetSoft Technology Corporation 9.132 InfluxData 9.133 Infogix 9.134 Infor/Birst 9.135 Informatica 9.136 Information Builders 9.137 Infosys 9.138 Infoworks 9.139 Insightsoftware.com 9.140 InsightSquared 9.141 Intel Corporation 9.142 Interana 9.143 InterSystems Corporation 9.144 Jedox 9.145 Jethro 9.146 Jinfonet Software 9.147 Juniper Networks 9.148 KALEAO 9.149 Keen IO 9.150 Keyrus 9.151 Kinetica 9.152 KNIME 9.153 Kognitio 9.154 Kyvos Insights 9.155 LeanXcale 9.156 Lexalytics 9.157 Lexmark International 9.158 Lightbend 9.159 Logi Analytics 9.160 Logical Clocks 9.161 Longview Solutions/Tidemark 9.162 Looker Data Sciences 9.163 LucidWorks 9.164 Luminoso Technologies 9.165 Maana 9.166 Manthan Software Services 9.167 MapD Technologies 9.168 MapR Technologies 9.169 MariaDB Corporation 9.170 MarkLogic Corporation 9.171 Mathworks 9.172 Melissa 9.173 MemSQL 9.174 Metric Insights 9.175 Microsoft Corporation 9.176 MicroStrategy 9.177 Minitab 9.178 MongoDB 9.179 Mu Sigma 9.180 NEC Corporation 9.181 Neo4j 9.182 NetApp 9.183 Nimbix 9.184 Nokia 9.185 NTT Data Corporation 9.186 Numerify 9.187 NuoDB 9.188 NVIDIA Corporation 9.189 Objectivity 9.190 Oblong Industries 9.191 OpenText Corporation 9.192 Opera Solutions 9.193 Optimal Plus 9.194 Oracle Corporation 9.195 Palantir Technologies 9.196 Panasonic Corporation/Arimo 9.197 Panorama Software 9.198 Paxata 9.199 Pepperdata 9.200 Phocas Software 9.201 Pivotal Software 9.202 Prognoz 9.203 Progress Software Corporation 9.204 Provalis Research 9.205 Pure Storage 9.206 PwC (PricewaterhouseCoopers International) 9.207 Pyramid Analytics 9.208 Qlik 9.209 Qrama/Tengu 9.210 Quantum Corporation 9.211 Qubole 9.212 Rackspace 9.213 Radius Intelligence 9.214 RapidMiner 9.215 Recorded Future 9.216 Red Hat 9.217 Redis Labs 9.218 RedPoint Global 9.219 Reltio 9.220 RStudio 9.221 Rubrik/Datos IO 9.222 Ryft 9.223 Sailthru 9.224 Salesforce.com 9.225 Salient Management Company 9.226 Samsung Group 9.227 SAP 9.228 SAS Institute 9.229 ScaleOut Software 9.230 Seagate Technology 9.231 Sinequa 9.232 SiSense 9.233 Sizmek 9.234 SnapLogic 9.235 Snowflake Computing 9.236 Software AG 9.237 Splice Machine 9.238 Splunk 9.239 Strategy Companion Corporation 9.240 Stratio 9.241 Streamlio 9.242 StreamSets 9.243 Striim 9.244 Sumo Logic 9.245 Supermicro (Super Micro Computer) 9.246 Syncsort 9.247 SynerScope 9.248 SYNTASA 9.249 Tableau Software 9.250 Talend 9.251 Tamr 9.252 TARGIT 9.253 TCS (Tata Consultancy Services) 9.254 Teradata Corporation 9.255 Thales/Guavus 9.256 ThoughtSpot 9.257 TIBCO Software 9.258 Toshiba Corporation 9.259 Transwarp 9.260 Trifacta 9.261 Unifi Software 9.262 Unravel Data 9.263 VANTIQ 9.264 VMware 9.265 VoltDB 9.266 WANdisco 9.267 Waterline Data 9.268 Western Digital Corporation 9.269 WhereScape 9.270 WiPro 9.271 Wolfram Research 9.272 Workday 9.273 Xplenty 9.274 Yellowfin BI 9.275 Yseop 9.276 Zendesk 9.277 Zoomdata 9.278 Zucchetti 10 Chapter 10: Conclusion & Strategic Recommendations 10.1 Why is the Market Poised to Grow? 10.2 Geographic Outlook: Which Countries Offer the Highest Growth Potential? 10.3 Big Data is for Everyone 10.4 Evaluating the Business Value of Big Data for Insurers 10.5 Transforming Risk Management 10.6 Tackling Cyber Crime & Under-Insured Risks 10.7 Accelerating the Transition Towards Usage & Analytics-Based Insurance 10.8 Addressing Customer Expectations with Data-Driven Services 10.9 The Importance of AI (Artificial Intelligence) & Machine Learning 10.10 Impact of Blockchain on Big Data Processing 10.11 Adoption of Cloud Platforms to Address On-Premise System Limitations 10.12 Data Security & Privacy Concerns 10.13 Recommendations 10.13.1 Big Data Hardware, Software & Professional Services Providers 10.13.2 Insurance Industry Stakeholders
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