This case study examines how ETI, an insurance company, uses big data analysis techniques like descriptive, diagnostic, predictive, and prescriptive analysis across different types of structured, semi-structured, and unstructured data including customer profiles, claims, emails, documents, and metadata. It discusses how ETI analyzes volume, velocity, variety, value and veracity of generated data to implement strategic objectives and make better informed decisions.
This case study examines how ETI, an insurance company, uses big data analysis techniques like descriptive, diagnostic, predictive, and prescriptive analysis across different types of structured, semi-structured, and unstructured data including customer profiles, claims, emails, documents, and metadata. It discusses how ETI analyzes volume, velocity, variety, value and veracity of generated data to implement strategic objectives and make better informed decisions.
This case study examines how ETI, an insurance company, uses big data analysis techniques like descriptive, diagnostic, predictive, and prescriptive analysis across different types of structured, semi-structured, and unstructured data including customer profiles, claims, emails, documents, and metadata. It discusses how ETI analyzes volume, velocity, variety, value and veracity of generated data to implement strategic objectives and make better informed decisions.
This case study shows us how a company like ETI, which stands for "Ensure To Insure", used
Big Data to implement its strategic strategic objectives.
It introduces us to the different types of Big Data analysis that ETI implements, such as descriptive analysis, which consists of using statistical techniques techniques to describe or summarize a data set, and diagnostic analysis, which data to determine the causes of trends and correlations between variables. correlations between variables. There is also predictive analysis, which involves using statistics and modeling techniques to modeling techniques to determine future performance based on current and historical data, and historical data, and prescriptive analysis, which is a form of data analysis that form of data analysis that helps companies make better and more informed decisions. better and more informed decisions. Its purpose is to help answer questions about what should be done to make something happen in the future. Next, we are introduced to how ETI works with the different datasets that are are generated and their characteristics such as volume, velocity, variety value and veracity, and discusses how these datasets manifest each (datasets) manifest each of these characteristics. In the following, this case study introduces us to the different types of data, first of all structured data which refers to data that have a proper structure associated with them structure associated with them, such as csv files, data files, excel spreadsheets, in the case of ETI we have the customer profile data, the claim data...etc The semi-structured data that correspond to the data that do not have a structure associated to them. structure associated with them. For example, e-mails, log files and Word documents, health records, weather data...etc And the unstructured data that refers to data that has no structure associated with it at all. structure associated with it at all. For example, images, audio and video...etc Finally, the use of metadata in the company, which are considered as files that are a set of data that describe and give information about other data, which helps the company to know the information about the different data that are generated.