Speaking in a recent article in Insurance Networking News on Cloud Computing and Security, analyst Tse Wei Lim pointed out that analytics and the increasing trend information accessibility has its own, more pressing security challenges.
Tse Wei Lim, an analyst in the insurance practice at New York-based Novarica, agrees that cloud computing has broad security implications but argues that it is not widely adopted enough in the insurance industry to have immediate ramifications. Rather, he sees the widespread use of analytics as a more pressing security concern. “The next big thing that CIOs will need to worry about is the increasingly pervasive use of analytics and BI tools at all levels of their organization,” he says. “As insurers begin to see the benefits of analytics, and the tools become more powerful and more affordable, IT departments will begin to see greater demand from the business side for more data to be made more widely available. The security challenge then will be for CIOs to work out how to satisfy this demand while keeping that data secure.”
For more of Tse Wei’s work on this topic, see this report.
