Discussion 5: Insurance companies collect, manage, and work with large sets of data. In addition, insurance companies often have the need to integrate or interact with various external organizations as a manner of business.
In your post and in response to your peers, describe some unique characteristics of large data sets for the insurance industry. Discuss your experience (if any) with the insurance industry. What specialized needs do insurance companies have, and how can data warehousing help address them?
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Because currently insurance companies have adapted their IT infrastructures for dealing with Big Data, the unique characteristics of large data sets are the main features of Big Data. In summary, this means the computing systems of the insurers must sustain the characteristics known as 3V: velocity, variety and volume (Soubra, 2012)....
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