Functionality

Functionality of Predmine Platform

The product provide harvesting utilizes, live data collection technology and algorithms that enable insurers to analyze, deliver actionable insights and derive real value from Big Data. Skills such as statistical analysis, data mining, econometrics, business analytics, visualization techniques, and more are in high demand as they provide a solid foundation for deriving useful insights from the data.

Insurance company’s IT personnel can build predictive models and score models with huge datasets. Predmine Platform support a cost efficient implementation of Parallel Data Processing that is unconstrained, storage for billions and trillions of unstructured data sets and Fault tolerance along with high avaiability of the system. Hadoop technology is successful in meeting the above challenges faced by the insurance industry as MapReduce engine and HDFS have the capability to process thousands of terabytes of data. Hadoop makes use of cheap commodity hardware making it a pocket friendly investment for the insurance companies.

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