Data Accuracy: Transforming Information Flow into Revenue

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nrumohammadx1
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Joined: Mon Dec 23, 2024 3:51 am

Data Accuracy: Transforming Information Flow into Revenue

Post by nrumohammadx1 »

If analysts predict that the global data monetization market will grow from $2.3 billion in 2020 to $6.1 billion by 2025 , the integration of UBI programs into the digital application map (CRM, Trouble ticket, CDP, etc.), allows insurance agencies to enhance the enormous amount of data produced and collected.

Investing in usage-based policies allows you to use the information obtained to:

maximize revenue by developing solutions in line with the trends and requests of each user;
implement more effective automation systems;
structure targeted communications to convince existing customers to stay longer, renew, and honduras whatsapp resource purchase new additional products and services.
By running AI models and algorithms on data, it is possible to define unique and distinctive user profiles, which companies rely on to produce innovative insurance products, create personalized paths and thus maximize revenues.

This way, insurers transform data on their customers' behavior into new revenue streams .



Value-added features: from multi-channel to customer care
Usage-based insurance plays a strategic role not only in the transformation of the data management model and the restructuring of sales processes but also in the development of corporate communication.
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