Leading Industry Analyst Firm Ranks SAS No. 1 in Software Market Size for Business Intelligence (BI), Analytics and Performance Management in Insurance in 2010July 21, 2011 No Comments
SOURCE: Business Wire
SAS, the leader in business analytics software and services, has been ranked No. 1 in software market size from Gartner Inc.’s Market Trends: No Escaping BI and Analytics in Insurance in 2011(1) report. The Gartner report gave SAS 25 percent of the market share in 2010 with revenue of $138.7 million.
According to Gartner, “insurers are preoccupied with regulatory compliance and risk management, customer acquisition and retention, and achieving operational excellence. These imperatives are driving a wide range of investments in technology, with a deep focus on data architectures, data quality, and how data can be used to assess the business operations and financial performance of the insurer, for product development, claims analytics, compliance and reporting, and fraud detection. Insurers are maturing in their use of BI platforms and analytics tools, especially as these tools mature and become available with usable interfaces.”DATA and ANALYTICS , News