As the data storage challenge continues to grow for insurers and everyone else, one of the obvious solutions is cloud technology. Storing data on remote servers rather than in-house is definitely a money-saver, but in insurance circles, the worry has been that having critical data reside outside the physical and virtual walls of the insurance enterprise is a risky situation.
Some good news has emerged on that front recently, however. According to ScienceDaily, research carried out at the Weizmann Institute and MIT may soon make it possible to work on data while it is still encrypted, giving an encrypted result that can be securely deciphered.
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