October 2018
Beginner
220 pages
5h 33m
English
Content preview from Apache Hadoop 3 Quick Start Guide
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Insurance
The insurance sector is driven primarily by huge statistics and calculations. For the insurance industry, it is important to collect the necessary information about insurers from heterogeneous data sources, to assess risks and to calculate the policy premium, which may require large data processing on a Hadoop platform. Just like the retail industry, this industry can also use Apache Hadoop to gain insight about prospects and recommend suitable insurance schemes. Similarly, Apache Hadoop can be used to process large transactional data to assess the possibility of fraud. In addition to functional objectives, Apache Hadoop-based systems can be used to optimize the cost of labor and workforce and manage finances in a better way.
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