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IBM Big Data in a Minute: Fighting fraud with a single version of the truth

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Overview

Safety Insurance Company had the common problem of too many databases. There was no single version of the truth, and this led to inconsistent answers across the enterprise. With IBM solutions, the organization now has one repository for all its data and the power to use big data to fight fraud.

Fight fraud with big data

Transcript

0:06
the biggest business problem
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was that we had actuarial folks
0:11
spending all their time building databases rather than analyzing them
0:17
if you had to retrieve them try to make the same report you could get two or
0:21
three different answers
0:22
and that's something that really bothers higher-ups in this day and age is
0:27
why can we you know be in business this long be this big company
0:32
and still not have a single version of the truth we need to get ourselves one
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repository that had one version
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the data for all the reports the work of love that's a whole new world that's
0:43
opened up to us we really have the power to use
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are policy data to help fight fraud
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we can keep in mind like what types of claims
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are claims that are know often suspected of being fraudulent
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and look id the entire wealth of information we have in our claim system
1:02
try to figure out is this in fact leading the fraudulent claims