Portfolio
Data Base: A New Standard for Insurance EDP
Source: Best’s Review Date: October, 1972
A NEW CONCEPT for business data processing was just beginning to be heard about in 1972. This field was beginning it’s long path toward achieving ubiquity in corporate EDP shops. It was already achieving significant acceptance by computer manufacturers and major users of computer systems. This new technique used standard “data management systems”, (DMS) software packages to implement business data processing on a “data base” (DB).
The DB concept was in stark contrast to the traditional approach of storing data. It said “instead of storing identical information in different places, we’ll put it all in one place.” And insurance companies, who were basically in the business of processing data, promised to be prime candidates for the new technology.
