Advanced analytics provide insurers with powerful new tools for insight-driven decision making. But a looming shortfall of qualified talent presents a major hurdle for carriers to overcome.
The insurance industry is no stranger to the importance of analytics in insight-driven decision making. But a new competitive landscape and stepped up demands from customers mean that industry players will need to better personalize their products, services and interactions. Advanced analytics can provide novel solutions to these challenges.
To excel at extracting and acting on data insights, insurers will need legions of analytics talent – people with the ability to use statistics, quantitative analysis and information-modeling techniques to make business decisions. However, as new research from the Accenture Institute for High Performance demonstrates, when it comes to analytics talent a critical mismatch between supply and demand is looming.
Read the full report by the Accenture Institute for High Performance.
About the Accenture Institute for High Performance
The Accenture Institute for High Performance creates strategic insights into key management issues and macroeconomic and political trends through original research and analysis. Its management researchers combine world-class reputations with Accenture’s extensive consulting, technology and outsourcing experience to conduct innovative research and analysis into how organizations become and remain high-performance businesses. Click here for more information.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 259,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
SOURCE: AccentureTags: Accenture