Big data, big opportunities, bigger challenges?

John Beal, Senior Vice President Modelling Services at LexisNexis Risk Solutions, reflects on the recent changes in the big data industry. Back in December 2014, CBR Online spoke to industry experts for their predictions regarding data scientists in the coming year. So how much has changed in a year? In our part of the world, which is focused on data intelligence to help calculate insurance risk, the change has been pretty dramatic with demand for skills seriously outstripping supply. But our experience isn’t unique, across a whole spectrum of business sectors, more and more data is being pooled – whether it’s on how we shop, drive, run our businesses or spend our leisure time. This vast array of data needs expert analysis to ensure organisations and their customers benefit from…

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