Album: The Nexus of Forces and Insurance Fraud Analytics
Gartner Inc coined the term Nexus of Forces to describe the concept of how the collective power of four forces - social media, mobility, cloud computing and information patterns –is rapidly shifting the nature of digital business and creating new business opportunities. With great transformative impact individually, the intersection shows extraordinary potential for transmuting industries and pushing freshopportunities for information innovation. <br /> A key transition element for many industries, the nexus empowers insurance providers to alter and adapt business processes in real time through thisblend of technology, data and analytics. Gartner also makes the case forstrategic use of the nexus instead of piecemeal, incrementalinvestment in the individual constituents.Many insurance providers have invested heavily on data insights, but the true potential of these forces lies in thefuture-focused insurerembracing these advancements fully for a competitive edge.