Webinar: Big Data and the Importance of Small Data and its relevance to insurance

We’ve heard the term “Big Data” but what does it actually mean ? What makes it “big” and is it more important than small data ? Spreadsheets can now handle up to 17 billion data items….but is that big data ?

We will look at what the term “Big Data” means, the opportunities it provides and how it is being used in organisations to make better informed decisions.

We will explore some of the risks it poses when used incorrectly and why data quality is important. We will also see how a single character typed in to a system incorrectly bankrupted a previously profitable business.

By attending the session, delegates will:

• Have a good understanding of what “Big Data” really means

• Have an appreciation of how organisations are using Big Data

• Know what the main components of a Big Data system are

• Be able to identify possible targets in their organisation to use big data

The webinars are delivered by Gary Nuttall, an Emerging Technology Consultant with 35+ years experience in data, analytics and emerging technologies, of which 10+ years is in the insurance sector.

He provides education, consultancy and advisory services to firms across the spectrum of financial services and has worked with several insurance companies and InsurTechs and has delivered training in emerging technologies such as advanced analytics, big data, blockchain and AI to banks, insurance clients and regulators.

He has delivered presentations (either in-person or online) to CII Branches based in Bristol, Ipswich, Exeter and Guildford. Gary was part of a CII Professional roadshow in 2019 where he spoke in Belfast, Glasgow, Liverpool, Birmingham and Southampton. He also gave a talk about cryptocurrencies and regulation at the annual PFS event in Birmingham.