Achievement of Big Data and Analytics in Pakistan:
Here is a brief timeline of the development of big data and analytics in Pakistan:
2012: The Higher Education Commission of Pakistan (HEC) established the National Center for Big Data and Cloud Computing at the Lahore University of Management Sciences (LUMS) to promote research and development.
2013: The Pakistan Software Export Board (PSEB) arranged a conference on big data and analytics in Karachi to bring experts from academia, industry, and government to explore the latest trends.
2014: The Pakistan Telecommunication Authority (PTA) introduced the Pakistan Data Portal (PDP) to provide access to demographic, economic, and social data.
2015: The Punjab Information Technology Board (PITB) introduced the Punjab Open Data Portal (PODP) to provide access to a wide range of data sets on education, health, and agriculture.
2016: The International Data Corporation (IDC) anticipated a 36.5% growth level by 2020 in the adoption of big data analytics at the organizational and government levels.
2017: The Pakistan Software Houses Association arranged a conference on big data and analytics in Islamabad to discover its potential.
2018: The Higher Education Commission of Pakistan (HEC) introduced scholarships in big data analytics and related fields.
2019: The Pakistan Software Houses Association introduced the National Center for Artificial Intelligence and Big Data Analytics (NCAIBDA) in Islamabad.
Big Data Analytics in Pakistani Insurance:
A short timeline is discussed for the development of big data analytics in the insurance industry in Pakistan:
2016: EFU Life signed a partnership contract with Teradata to develop a data warehouse and analytics platform to improve underwriting and risk management processes.
2017: Jubilee Life Insurance, in partnership with SAS, a global analytics software company, designed analytics to identify and prevent fraudulent claims.
2018: TPL Life, with the help of Acuity Knowledge Partners, a global business research and analytics firm, designed analytics for risk assessment and pricing for its insurance products.
2019: Adamjee Insurance, in partnership with IBM, develops a new data analytics platform to improve its underwriting and claims management processes.
2020: IGI Life Insurance adopted a new data analytics platform for improving underwriting and claims management processes with the help of Solera Holdings, a global risk and asset management company.
