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Article Excerpt
LAS VEGAS
TECHNOLOGY IS ADVANCING so rapidly that, according to one IBM expert, "by 2015, we will have enough computing power to match the power in the human brain."
Daniel Yellin, director, Software Technology Services and Software for IBM Research, Hawthorne, N.Y., said trends are moving in a direction that will put "tremendous computing power at our fingertips."
Speaking at the recent IASA Educational Conference and Business Show held here, Yellin told participants that such technology advances would allow insurers to "evaluate the value of your customers--as lifetime customers--to your enterprise." He added that real-time analytics and fraud detection are also just around the corner.
Insurance, and financial services overall, are changing technologically in two ways, he explained. First, more and more companies are moving away from...
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