Big Data works on the principle that the more you know about anything or any situation, the more reliably you can gain new insights and make predictions about what will happen in the future. By comparing more data points, relationships begin to emerge that were previously hidden, and these relationships enable us to learn and make smarter decisions. Most commonly, this is done through a process that involves building models, based on the data we can collect, and then running simulations, tweaking the value of data points each time and monitoring how it impacts our results. This process is automated – today’s advanced analytics technology will run millions of these simulations, tweaking all the possible variables until it finds a pattern – or an insight – that helps solve the problem it is working on.
Beacon Annuity Solutions
A recognized leader in quality annuity data, Beacon Annuity Solutions provides annuity professionals with competitive intelligence on fixed rate, indexed and variable annuity product information and sales.. Our comprehensive data warehouse maintains up-to-date information on contract features, rates, fees and expenses, living and death benefit riders, and product sales. Whether you are a carrier collecting market intelligence to help set rates or search for product trends, a distributor looking to support your sales force, or a sales representative researching the best products for your client, Beacon Annuity Solutions has a solution to meet your needs.