Posts

Showing posts from March, 2024

A data professional’s guide to jobs in the insurance industry

Image
The insurance industry has been undergoing significant transformations The insurance industry has been undergoing significant transformations, driven largely by technological advancements and changing consumer behaviours. Two areas at the forefront of this evolution are telematics and Usage-Based Insurance (UBI). Telematics and usage-based insurance (UBI) are at the forefront of revolutionising how drivers are assessed, priced and offered coverage. By leveraging cutting-edge technology, insurers can now provide more personalised insurance policies, shifting away from traditional models based on demographics and historical data. One example would be the use of this model for new drivers. Drive well and you are rewarded with lower fees the following year, drive badly and pay more or not at all! The integration of these technologies into insurance products not only offers more personalised pricing models but also requires a unique set of skills for professionals within the sector...

Building a collaborative data function

Image
How to create collaborative data teams: Unlocking synergy The ability to foster collaboration within data teams and across different business functions has emerged as a key differentiator for successful organisations. In fact, our State of Data survey revealed that the most successful teams are those that excel in collaboration both internally among themselves and externally with other business units. This finding is a clear call for teams seeking to optimise their data strategies and achieve better outcomes. If you are looking to extend collaboration across business functions, here's a quick guide to help unlock the full potential of your data strategies. 1.Foster a Culture of Open Communication The bedrock of any collaborative effort is open and transparent communication. One area that sometimes falls short is in creating an environment where team members feel comfortable sharing ideas, challenges, and feedback. To help this grow successfully think about not only holding ...