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Why is the industry slow in adopting analytics?

Why is the industry slow in adopting analytics?
13 July 2015

As an industry, we have embraced predictive analytics and realize the benefits and competitive success of implementation, however, insurers still remain hesitant to adopt. Greg McCutcheon, President of Opta Information Intelligence, recently shared his views at the 2015 Analytics for Insurance Conference. He explained some of the existing barriers to adoption and offered strategies to overcome them, including turn-key solutions that can help insurers realize the benefits of analytics now.

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