No, this brief article isn’t going to tell you how to master data. Sorry for the letdown.
But, I did want to share a helpful article from Innovation Group with you. In the article, Innovation Group teaches us how to achieve data mastery.
I wanted to share these lists from the article:
The Roadmap for Developing a Data Mastery Action Plan
Are you ready to hear the truth, the whole truth, and nothing but the truth about unstructured insurance claims data?
Good, I am ready to tell it to you.
If you’re an insurance company executive, the biggest step you can take today is acknowledging that you have one major obstacle you must overcome if you’re ever going to run a data-driven claims department.
There’s a party going on and you’re invited. Tons of models are at the party too.
If you’re like most claims executives, you like to arrive fashionably late to the party. You don’t want to be the first people there. You don’t even want to be in the first 50% of people to show up.
Technology people are never going to “get it.” When will insurance executives realize it? Its time to become an insurance claims data executive.
Smart technology people will admit it. They can’t transform the claims industry by themselves. They need claims executives to start from the bottom up so that they can translate their needs.
When smart technology people get a hold of smart claims executives, you wind up with a smart claims data executive. Maybe even two!