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Benefits of big data go beyond cost savings in insurance arena (access required)

Big data can be used to generate big savings, as well as optimal results, according to Adam Clouden, an employee benefits consultant with Lawley.   In fact, one case study at the insurance firm showed that analyzing big data and using it to provide customized solutions helped one employer save roughly $1 million in insurance costs over a three-year period.   He notes, however, that the benefits extend beyond the savings.   “It does ...

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