Amazon Redshift which is cloud based data warehousing service built on open source database is of the widely adopted cloud data. The service which was started and made available to USA companies has been now extended to Europe.
Insurance Industry is associated with complex data processing
Insurance industry operates predominantly based on information. Insurance is primarily a form of risk management, where in the risk of loss is transferred from individuals/companies to insurers. There is an amount charged by the insurer to undertake the transfer and that is called premium. While transferring the risk, the insurer needs to see that they make money. Quite obvious that this needs a lot of business intelligence. Added to this is the fierce competition in the insurance industry. This makes the industry operation more and more business intelligence oriented.
BI professionals are expected to possess a lot of skills
BI Business Intelligence professionals are expected to possess a lot of skills. Of course something about everything in BI, the software product that one works with, where, how and when it can be rightly applied, issues related to that application, particular industry details which is referred to as domain knowledge; and the list goes on. And then, everything about something one specializes.
MongoDB makes integration of data in some applications easier and faster. MongoDB database system is commercially developed and supported by a company called 10gen. 10gen’s primary technology product is open source NoSQL database known as MongoDB.
The requirements gathering phase is considered very important
Requirements gathering play an important part in Business Intelligence (BI) projects. The success of BI project depends on this. There are specialised professionals engaged for this purpose. Usually they interact with BI professionals.