Suppose there is a Big Data platform called 'Wise Mind' that could trawl through all the EMRs of all the hospitals and learn from physicians' diagnoses and outcomes (ignore regulatory issues for now, or assume that all the personal information has been redacted before the system trawls the hospital databases). How would insurance providers - the firms that pay the hospitals, physicians, and clinicians for their services - use this system? Provide one clearly illustrated example.

 

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Insurance providers could leverage the Wise Mind Big Data platform in several ways to enhance their operations and decisionmaking processes One specific example would be the utilization of predictive ... View the full answer