SAN FRANCISCO--(BUSINESS WIRE)--Talksum, Inc., a leader in high-speed data processing and management solutions, today unveiled its insurance telematics solution for handling massive amounts of disparate Big Data for insurance providers. Designed to accelerate real-time decisions, the Talksum solution improves data acquisition and transformation, and converts any type of structured and semi-structured data into flexibly managed event streams, tailored to insurance telematics systems.
“The Talksum solution deals with their data and these other factors so that the insurance companies don’t run into regulatory and compliance problems.”
In a recent Telematics Update article, James Bielak, program manager, property and casualty, for the non-profit Cooperative Operations Research and Development (ACORD) organization, said that one of the fundamental issues his working group faces is the divergence in the telematics data provided by different providers. In the article, he said that some companies may only report when a vehicle's ignition is turned on; another may be able to give accelerometer information; and a third might offer many more data points. The task is to find a common ground—a consensus on what should be standardized that everyone can live with.
The Talksum solution can, in essence, be seen as that common ground. The product handles disparate data sets from multiple companies and can format the data in real time, as well as enrich the data by correlating events with other external data sources. The Talksum Data Stream Router (TDSR) ingests, normalizes, filters, data reduces, monitors, aggregates, enriches, analyzes, and routes live streams to the targeted insurance system(s).
In addition, the Talksum product includes foundational components for regulatory compliance, government standards, and policy control, making it easier for insurance companies to focus on what they do best – insurance.
“It’s difficult for insurance companies to keep up with constantly changing policies, requirements, regulations, and compliance mandates,” said Alex Varshavsky, founder and CEO of Talksum. “The Talksum solution deals with their data and these other factors so that the insurance companies don’t run into regulatory and compliance problems.”
The Talksum solution ingests and normalizes any type of data. Since the Talksum Data Stream solution is hardware-based, it is easy to deploy and implement and is highly configurable without the need for specialized coding.
Talksum, Inc. is a leader in high-speed data processing and management solutions whose mission is to develop new ways of processing, routing, and managing Big Data. The Talksum Data Stream Router (TDSR) provides a real-time streaming data solution that is perfect for Big Data initiatives that require massive amounts of data processing.