Reportlinker Adds Semantic Technologies: A Gold Mine of Opportunities for Insurers (Strategic Focus)

Jun 10, 2010, 11:46 ET from Reportlinker

NEW YORK, June 10 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Semantic Technologies: A Gold Mine of Opportunities for Insurers (Strategic Focus)

http://www.reportlinker.com/p0204821/Semantic-Technologies-A-Gold-Mine-of-Opportunities-for-Insurers-Strategic-Focus.html

Introduction

Increasingly more digital information, both structured but primarily unstructured, is flowing into, out of, and through the value chains that constitute the strategic, tactical and operational business processes of insurance companies. Semantic technologies provide the capabilities for insurers to finally manage unstructured content.

Scope

*Life and non-life insurance companies worldwide

*This report provides a high-level Introduction of semantic technologies to insurance companies

Highlights

Semantic technologies provide the capability for data to understand the meaning and relationships between other data. This means semantic technologies enable insurers to leverage their unstructured content to support a wide range of business initiatives.

Semantic technology firms must build solutions that can insurers can easily understand, quickly use and integrate with traditional business intelligence applications insurers are currently using.

Reasons to Purchase

*This research provides insurers a high-level explanation of semantic technologies

*This research specifies insurance business initiatives which can be supported by semantic technologies

*This research specifies hurdles insurers must overcome to apply semantic technologies

SUMMARY 1

Catalyst 1

Ovum View 1

Key messages 2

There is a continually expanding universe of unstructured content that insurers must manage 2

Insurers must be aware that there is a vast amount of unstructured content 2

Insurers can group the unstructured content into three domains of intelligence 2

These three domains of intelligence support a wide range of insurance business applications 2

Semantic technology vendors must provide solutions that are easy to use and easy to integrate 2

TABLE OF CONTENTS 2

THE AVAILABILITY OF INFORMATION DRIVES COMPETITIVE MARKET ADVANTAGE 3

The mediasphere is the new marketplace 3

The essence and the capabilities of the web continue to evolve 4

Creating content is quick and easy but intelligently consuming it remains a challenge 5

Almost all of the information on the web is unstructured content 6

INSURANCE COMPANIES ARE "RICH MEDIA" COMPANIES 8

There is a continually expanding universe of unstructured content that insurers must manage 8

Insurers must be aware that there is a vast amount of unstructured content 10

Insurers can group their unstructured content into three domains of intelligence 11

The three domains of intelligence support a wide range of insurance business applications 12

A HIGH LEVEL DISCUSSION OF SEMANTIC TECHNOLOGIES 14

Semantic technologies enable data to 'understand' other data 14

Semantic technology solutions and services require insurers to learn new terms 15

RECOMMENDATIONS 17

Recommendations for enterprises 17

Insurers must overcome several hurdles before being able to successfully implement semantic technologies 17

Insurers have to shift several ingrained perspectives about data 18

Recommendations for vendors 19

Build scalable semantic technology software solutions 19

Offer semantic technology solutions that integrate with BI 19

Alternative views 20

APPENDIX 22

Ask the analyst 22

Definitions 22

Further reading 22

Disclaimer 23

List of Figures

Figure 1: A very abbreviated history of human communications 4

Figure 2: The essence of the first three phases of the web 6

Figure 3: Description and examples of structured and unstructured content 7

Figure 4: Thickening insurance environment of unstructured content 9

Figure 5: The hidden danger of ignoring unstructured content 10

Figure 6: Three major insurance company intelligence domains 12

Figure 7: Illustrative insurance business applications supported by the three domains of intelligence 13

Figure 8: Nesting of document components such as a claim form or an attending physician statement 15

Figure 9: Glossary of select semantic technology terms 16

Figure 10: Hurdles insurance companies must resolve before implementing semantic technology applications 18

Figure 11: Insurers have to shift their perspectives in three key areas 19

Figure 12: Continuum of being informed 21

To order this report:

IT Services Industry: Semantic Technologies: A Gold Mine of Opportunities for Insurers (Strategic Focus)

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Nicolas Bombourg

Reportlinker

Email: nbo@reportlinker.com

US: (805)652-2626

Intl: +1 805-652-2626



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