Information Governance (InfoGovernance) is the specification of decision rights and an accountability framework to encourage desirable behavior in the valuation, creation, storage, use, archiving and deletion of information. It includes the processes, roles, standards and metrics that ensure the effective and efficient use of information to enable an organization to achieve its goals. Information governance should be an element in planning an enterprise's information architecture.

(Gartner Hype Cycle for Legal and Regulatory Information Governance, 2009, December 2009).

An Engagement Area (EA) is an area where the commander of a military force intends to contain and destroy an enemy force with the massed effects of all available weapons systems.

(FM 1-02, Operational Terms and Graphics, September 2004).

Sunday, February 22, 2015

Big Data Land Mines for Insurers To Avoid In 2015

By Kevin Petrie
Before data was big, Google was a verb, or Gordon Moore wrote his law, insurers were using math and statistics to predict the future. As early as the 2 nd millennia BC, Babylonian sea merchants paid lenders extra for a promise of help if their ship was to sink. They set prices by correlating data points to calculate the likelihood and potential cost of a disaster at sea. Data was sparse, and one would assume neither merchant nor lender consistently got a good deal. In 2015, property, casualty, life and health insurance companies are awash in data.