Featured Post

14 Top Data Pipeline Key Terms Explained

-
Image
 Here are some key terms commonly used in data pipelines 1. Data Sources Definition: Points where data originates (e.g., databases, APIs, files, IoT devices). Examples: Relational databases (PostgreSQL, MySQL), APIs, cloud storage (S3), streaming data (Kafka), and on-premise systems. 2. Data Ingestion Definition: The process of importing or collecting raw data from various sources into a system for processing or storage. Methods: Batch ingestion, real-time/streaming ingestion. 3. Data Transformation Definition: Modifying, cleaning, or enriching data to make it usable for analysis or storage. Examples: Data cleaning (removing duplicates, fixing missing values). Data enrichment (joining with other data sources). ETL (Extract, Transform, Load). ELT (Extract, Load, Transform). 4. Data Storage Definition: Locations where data is stored after ingestion and transformation. Types: Data Lakes: Store raw, unstructured, or semi-structured data (e.g., S3, Azure Data Lake). Data Warehous...
Post a Comment

Tech Mahindra Launched Big data platform

-
Tech Mahindra has announced the launch of Usage Based Insurance (UBI), a big data and predictive
analysis driven platform for auto insurers. It allows them to adjust premiums according to actual usage patterns of individual drivers instead of industry averages.
UBI

UBI Platform

The platform is flexible to fit to the growing needs of global insurance enterprises, where the market is expected to grow $100 billion plus by the end of the decade.

The solution utilizes the capabilities of Tech Mahindra and AT and T in the areas of multi-vertical, engineering and infrastructure capabilities. As a result of this, the global insurers can reduce their claim costs by up to 20%,while reducing eligible insured driver premiums up to 40%.

This Usage Based Insurance solution is hosted on the seamless AT&T cloud and served through AT and T's global Machine-to-Machine (M2M) capabilities.

What is usage based insurance

This technology is already being used successfully for both car and motorcycle insurance in many
international markets such as Canada, France, Norway, parts of Latin America and the US.

There have been trials and implementations for government insurers, commercial fleet insurers, driving schools and graduated drivers licensing programs – and these has already proven significant improvements in combined loss ratio s, customer acquisition and service costs and customer retention.

How it works

“Pay As You Drive” insurance solutions will be an important growth trend for the next decade. Not only do they respond to the impending need for insurers to design differentiated, personalised products, they help build stronger, more frequent, engaging and meaningful relationships with customers all while improving underwriting and rating methodologies in what is a highly competitive and commoditised market.

A typical UBI solution implementation timeline is around 6-9 months and consists of the UBI configuration and product design, actuarial analysis and market research, systems integration, website and portal development, launch/rollout and all the related change management support required.

Also Read

Comments

Post a Comment

Thanks for your message. We will get back you.

Popular posts from this blog

How to Fix datetime Import Error in Python Quickly

-
Image
Here's a quick resolution for import datetime Python error . The reason is your .py python script name and datetime  are the same. I'll show you how this error happens and its resolution.   Here's the Resolution for ImportError I've created a script called 'datetime.py.' to check whether the minute value is 'odd' or not. During the import of my python script, I got the import error cannot import name datetime. My Script: datetime.py My script's intention is to find whether the minute value is odd or not. Python Logic from datetime import datetime odds = [ 1 , 3 , 5 , 7 , 9 , 11 , 13 , 15 , 17 , 19 , 21 , 23 , 25 , 27 , 29 , 31 , 33 , 35 , 37 , 39 , 41 , 43 , 45 , 47 , 49 , 51 , 53 , 55 , 57 , 59 ] right_this_minute = datetime.today().minute if right_this_minute in odds: print ( "This minute seems a little odd." ) else : print ( "Not an odd minute." ) ImportError I have imported my datetime.py from Linux. It gives an error ...
Read more

SQL Query: 3 Methods for Calculating Cumulative SUM

-
Image
SQL provides various constructs for calculating cumulative sums, offering flexibility and efficiency in data analysis. In this article, we explore three distinct SQL queries that facilitate the computation of cumulative sums. Each query leverages different SQL constructs to achieve the desired outcome, catering to diverse analytical needs and preferences. Using Window Functions (e.g., PostgreSQL, SQL Server, Oracle) SELECT id, value, SUM(value) OVER (ORDER BY id) AS cumulative_sum  FROM your_table; This query uses the SUM() window function with the OVER clause to calculate the cumulative sum of the value column ordered by the id column. Using Subqueries (e.g., MySQL, SQLite): SELECT t1.id, t1.value, SUM(t2.value) AS cumulative_sum FROM your_table t1 JOIN your_table t2 ON t1.id >= t2.id GROUP BY t1.id, t1.value ORDER BY t1.id; This query uses a self-join to calculate the cumulative sum. It joins the table with itself, matching rows where the id in the first table is greater than...
Read more

Big Data: Top Cloud Computing Interview Questions (1 of 4)

-
Image
The below are frequently asked interview questions on Cloud computing: 1) What is the difference between Cloud and Grid? Grid: -Information service -Security Service -Data management -Execution Manageement Cloud: - Maintains up-to-date information of resources -Create VMs according to user requirement -Application deploment -User management 2) What are the different cloud standards? -Interoperability standards -Security standards -Portability Standards -Governance and Risk standards 3) What are the two different sub-systems in Cloud computing ? -Management sub system -Resource sub system 4)What is Cloud compouting? The promise of cloud computing is ubiquitous access to a broad set of applications and services, which are delivered over the network to multiple customer. 5) Why we need specialized network for Cloud services? The public Internet is the simplest choice for delivering cloud-based services. In this model, the cloud provider simply purchases Inter...
Read more