How to make big data more manageable

How to make big data more manageable

How to make big data more manageable

“I don’t know how consultants are handling their businesses without [big data],” says Jeff Oldham, vice president of the Benefitstore at Benefitfocus. “Without it they are just shooting blindly in the dark.”

John Modica, assistant vice president of regional and small business solutions strategy at MetLife, says advisers should be looking at big data to best serve their clients.

Also see: “How to help clients with 2016 tax reporting requirements.”

“If I’m a new agent coming out and I do not have a very diverse block of business, [MetLife] has tools by industry,” Oldham says. “The nice thing about Met is that they can give an agent that’s brand new coming into the field data which can empower them to have sensitive conversations with new prospective clients that they wouldn’t have been able to have with their current clients because they did not have access to their own data.”

Andrew Kimmel, president of bnchmrk, says there are three key sections of big data that advisers, consultants and brokers should pay attention to when managing big data and advising their clients.

Read Also:
The hidden value in imperfect big data

1) Benchmarking. All brokers and consultants help their clients make renewal decisions around plan design or cost changes and benchmarking is a very useful tool to show their clients how they compare to the competition. Ultimately, it highlights the areas where they are weak or strong and those become the target areas for changes to be made.

 



Data Innovation Summit 2017

30
Mar
2017
Data Innovation Summit 2017

30% off with code 7wData

Read Also:
Three Ways To Ensure Your Data Tells The Right Story

Big Data Innovation Summit London

30
Mar
2017
Big Data Innovation Summit London

$200 off with code DATA200

Read Also:
Data scientists – will big data take your job?

Enterprise Data World 2017

2
Apr
2017
Enterprise Data World 2017

$200 off with code 7WDATA

Read Also:
Democratize big data by using distributed data lakes

Data Visualisation Summit San Francisco

19
Apr
2017
Data Visualisation Summit San Francisco

$200 off with code DATA200

Read Also:
The big data ecosystem for science
Read Also:
Advanced Data Projects May Be More Common Than Realized

Chief Analytics Officer Europe

25
Apr
2017
Chief Analytics Officer Europe

15% off with code 7WDCAO17

Read Also:
Advanced Data Projects May Be More Common Than Realized

Leave a Reply

Your email address will not be published. Required fields are marked *