But some insurers are stuck in the past, using manual processes like Excel spreadsheets and other text or code-driven platforms to manage data for risk insights and claims analysis. Those old-fashioned data wrangling programs are not equipped to deal with the size or complexity of the data that insurers have access to today.
According to executives at Trifacta, a data preparation SaaS adopted by some of the largest insurance companies worldwide, if insurers rely on outdated tools and strategies for data management, this will negatively impact their performance. In order to improve their workflows, a proper data preparation tool is