Applied Insurance Analytics: A Framework for Driving More Value from Data Assets, Technologies, and Tools

9. Analytics Skills and Culture

Data is one of the key assets of any insurance organization. But BI strategy execution and evolving the organization’s analytic maturity involves not only the strategy, but it also must have people who can execute it. Not everyone needs to be a data scientist or even have a title that includes analyst, but everyone should be curious about and engaged in the data that they use.

Technology analyst firms project that 75% of enterprise employees will need to use analytics in their jobs by 2020; yet surveys show that only approximately 10% of employees use them today. Hiring people with basic analytic skills and analytic aptitude, as well as increasing the analytic skills and adoption for existing employees, are paramount ...