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Google’s Schmidt – Insurance About to Explode With Uses for Big Data

Wednesday, March 19, 2014

Google Inc. Executive Chairman Eric Schmidt said new technologies that help companies analyze vast amounts of digital information have the power to bring change to the insurance, health-care and energy industries.

“Insurance is the most obvious” industry “about to explode” with uses for big data, said Schmidt, who spoke today at The Year Ahead: 2014, a conference in Chicago hosted by Bloomberg LP. Better cost controls and more efficient delivery of services are two ways data can transform industries, he said.

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