6December 2016CIOReview's circulation is audited and certified by BPA International (Audit Pending). Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER 01 - 2016Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510 230 0396, F:510-894-8405DECEMBER 01 - 2016, Vol 02 Issue 08 Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com Managing EditorPamela MorganEditorial StaffSalesAaron Pierce Ava Garcia Joshua Parker Alex D'SouzaEileen Singh Sarah FernandesVisualizerStephen ThomasBigData SpecialBrian Thomas brian@cioreview.comEditorialPamela MorganManaging Editoreditor@Insuranceciooutlook.comPamela MorganInsurance industry has been struggling to leverage the power of its data repositories for decades-- both on the transactional and the risk management side. But with the recent emphasis on utilizing new sources of data that extend beyond traditional sources--powered by big data technologies, there is a renewed interest in data management across the industry. Data variety and diversity in particular, are pushing the traditional, relational database management technologies to their limits, and are raising more and more interest in new approaches to data management. Today, carriers and intermediaries are engaged in improving data capture to help insurers better manage their business with more insights into risk and customers. With the complimenting big data ecosystem, including sensors, telematics and other technologies, insurers have more sources of data than ever before to work with. These technologies are assisting insurance companies to reduce the number of potential losses from claims processing and collection recovery situations. It is also enabling them to gain better understanding of their customers' health over the life of a policy with wearable technologies. Social media, on the other hand, is offering a channel for insurance companies to acquire a significant number of new clients, and unique cross-selling opportunities through social media analytics capabilities. In a nutshell, by putting the right skills and big data tools in place to better understand their operations, customers and new markets, insurance organizations will be on the right track to compete and thrive in this global, dynamic marketplace. Here, the perfect solution provider can create all the difference. On that note, we present to you "10 Most Promising Big Data Solution Providers." The companies featured in this month's edition of Insurance CIO Outlook offer a plethora of big data that stimulate the growth of insurance sector.The Changing Face of Insurance
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