Master Your Data…
Data Science

Data Science in Insurance

Data science is the practice of taking the data that companies generate over time, analyzing it, and using the results to improve your future decision making. This is a critical facet to any software development process which should help to create valuable decision-making tools.

Common data science and analytics efforts include:

  • Segmenting businesses to identify the most profitable products or services
  • Evaluating your historical data sets to predict future success factors

  • Reviewing third party data to enrich your data density

  • Running simulations to forecast the probability future events

  • Analyzing performance data as part of A/B software testing

  • Assessing at your customer’s performance data to better cater your products and services to their needs

Jaroop’s Approach to Data Science

Jaroop buckets data into three different types.

  • Structured Data is organized and usually tabular. For example, employee and customer information like names connected to phone numbers and addresses in relational databases.
  • Semi-structured Data has a self-describing structure in the form of tags, markers or key-value pairs that separate semantic elements and create hierarchies of records and fields. Examples include data in CSV, XML and Json formats.
  • Unstructured Data consists of photos and videos, satellite imagery, radar, mobile, and various types of textual data such as web and social media content.

Jaroop’s data scientists focus mostly on creating solutions for semi-structured and unstructured data. Using programming, Natural Language Processing (NLP), statistics, data mining, machine learning, and visualization, combined with techniques from other disciplines, we can interpret and draw conclusions the complex data.

Crunch the numbers. Make data-driven decisions.

Contact us today

What Are They Saying?

Let’s start solving, together.

Contact us today so we can learn about your business and explore together how technology can help you succeed!

Contact Us