#Big data analysis programs professional#

Insurance companies in Korea often piece together big data and machine learning to craft various insurance forecast models, including how long customers will maintain their contracts and whether they will buy additional policies.

#Big data analysis programs professional#

вЂњWe will provide more training programs for those who want to become data analysts in order to work on more professional topics.вЂќ вЂњThe company set up a big data analysis platform in the second half of last year, which offers analysis environments and open-source tools for data analysts,вЂќ the company said.

The company said its big data analysis would focus on developing new forecast models for its insurance policy products and marketing tools tailored for customers. In recent years, not only foreign tech giants, but also a growing number of Korean companies in a wide range of fields are using big data to generate greater revenue and chart a new course in their business strategy.ДЇor instance, NH NongHyup Life Insurance said Monday it would expand the use of big data analysis based on the data platform it built up last year. The results are often used to produce intricately targeted ads on social media and the web, as demonstrated by the huge amount of ad revenue GoogleвЂ™s parent company Alphabet and social media giant Facebook earn each year. The companies then analyze big data to identify new patterns, trends and relations involving usersвЂ™ behavioral patterns and preferences.