Technology is Evolving Faster than Ever Before in this Digital Era. Autonomous Vehicles AI & Robotics (Machine Learning) More Data

Size: px
Start display at page:

Download "Technology is Evolving Faster than Ever Before in this Digital Era. Autonomous Vehicles AI & Robotics (Machine Learning) More Data"

Transcription

1

2

3 Technology is Evolving Faster than Ever Before in this Digital Era Sharing Economy Autonomous Vehicles AI & Robotics (Machine Learning) Genomics Broader & Deeper Automation 3-D Printing More Data Mobile Big Data & Analytics Smart Homes & Cities Cloud IoT Social

4 Data is Not New for Insurers Insurers have Terabytes & Petabytes of Data Google & Amazon are Better at Using Data However What has to change is how we use data

5 Four Meta-Actions Will Shape Digital Insurance Agendas in Insurers will use digital to get closer and more essential to the customer 2. Digital insurance teams will focus on retention in the initial sale 3. New digital sales channels will disrupt traditional underwriting and distribution 4. Digital will spur insurers to look at new uses of capital and data--to drive innovation

6 Insurers Ascribe Greater Importance to Fueling, Conducting, and Responding to Data How important are the following initiatives to your firm? Improve our products /services 86% 86% Create a comprehensive strategy for addressing digital technologies like mobile, social and smart products Improve differentiation in the market Better leverage big data and analytics in business decision-making Create a comprehensive strategy for handling customers' multichannel activities Create a comprehensive digital marketing strategy 68% 75% 74% 67% 64% 84% 84% 84% 79% 76% Improve our capabilities to partner with other companies, academic institutions, or other organizations 67% 71% Insurance All Source: Forrester Research Business Technology Services Survey 2014 (final) Base: 1532 global business and technology decision-makers in all industries; 85 global Insurance business and technology decision-makers

7 But it Takes Weeks or Months For Insurers to Create That Business Intelligence "In general, when business users are looking for help with BI, how quickly does IT turn around the following requests?" Within days 2% 30% Within weeks 23% 38% Within months 19% 41% Within a year 3% 13% More than a year 0% 9% Create New Complex BI Content Never 6% 6% Create New Simple BI Content Source: Forrester's Business Technographics Global Data And Analytics Survey, 2014 Base: 1658 Global technology and business decision-makers in online countries in all industries; 64 Global insurance technology and business decision-makers in online countries

8 And Depend on a Variety of Analytics to Deliver on Their Transformation Strategies "What types of analytics are most likely to drive innovation and create new growth for your department and/or firm?" Performance analytics Predictive analytics Process analytics Reporting Dashboards Web analytics Embedded analytics OLAP (aka "slicing and dicing" analytics) Location analytics Metadata-generated analytics Advanced visualization Text analytics 14% 40% 39% 46% 34% 36% 34% 30% 22% 28% 30% 23% 24% 22% 26% 20% 55% 55% 52% 48% 58% 56% 61% 69% Insurance industry Industry other than insurance Source: Forrester's Business Technographics Global Data And Analytics Survey, 2014 Base: 1658 Global technology and business decision-makers in online countries in all industries; 64 Global insurance technology and business decision-makers in online countries

9 Data is the Leading Force Driving Insurance Transformation People Process Technology Data Establish Outcome based Framework Actionable Insight Enabled Actions Outcomes Create Customer Engagement Models Innovate Agent & Broker Interactions Re-imagine Risk Underwriting & Drive Underwriting Efficiency Drive Pricing Excellence & Market Agility Next Generation Analytics Excellence Leverage Digital Capabilities 720 View of the customer Power of combining Structured & Unstructured Do not forget Simplification & Governance It is all about Data, Data & Data Increasing the value of Data Prescriptive Predictive Descriptive (What should happen?) (What will happen?) (What has happened?)

10 - Real Time - Disparate Sources - Social Media - Portfolio History Data Underwriting Transformation Actionable Insights - Portfolio/Account/Policy Information - Real Time Location/Risk/Hazard Assessments - Holistic View of the Insured s Business - Early Potential Fraud Detection Enabled Actions - Case Based Decision - Identification of Cross Sell/Upsell - Faster, More Accurate Decisions - Straight Through Processing Outcomes - Increased Underwriting Profitability - Predictable Results - Improved Customer Service - Better Retention 10

11 Current State - Underwriting Market Drivers Lack of Investment returns creating significant pressure on Underwriting loss ratio Manual activities that prevent the Underwriter from focusing on risk analysis / decision making Proliferation of multiple and redundant Underwriting applications that create increased expense Need for customer experience & overall customer satisfaction to remain competitive TCS Solution Strategy The TCS Underwriting Workbench (UWWB) is a solution accelerator that is built on Pega7, PUI for Commercial Insurance and Analytics framework to offer an automated environment for the Underwriter. The UWWB is: Customizable to client requirements Integrated with a Geographic Information System (GIS) tool for visualization of risk data Has a built-in component to perform text analytics Pre-configured Simplification with leading practice insurance processing workflows Digital Reimagination

12 The Underwriting Workbench (UWWB)Solution Accelerator Continuous Underwriting Drive continuous underwriting via automated / trended risk scoring and analytics. Decreased Underwriting Time Automated Risk Selection Automate business processes to free Underwriting time. Provide focused risk selection appetite guide to agents via automated business rules. Portfolio Management Enhance portfolio management via account level focus. Virtual Collaboration Promote best of class expertise via virtual collaboration. Risk element identification Enable extraction and co-relation of risk elements hidden in multiple documents

13 NextGen Underwriting Capabilities 360 degree View Clearance /Registration Cross sell /Up sell Peer Review Social like collaboration Video/Audio Chat Checklist Account Management Collaboration Tools Risk Analysis Mobile Risk assessment UW Decisions/Referrals Pricing, Quoting ITV, Policy Support Tool MVR Core UW Functions & Tools Underwriting Workbench Intelligent Workflow Next Best Activity Dynamic Case Management Skill based work routing Alerts and Tasks Store/Retrieve Federated Policy Doc Search Contract Edits Document Integration Data & Analytics Integration with Backend Systems Monitor book of Business Risk Scoring GIS Mashup Location analytics

14 UWWB Powered By Pega7 A Single, Cohesive Underwriting Platform Dynamic Case Management Intelligent Workflows Seamless Integration with Third Party Data Sources Informed Decision Making 720 View of the Customer Incorporation of Social Media A More Informed, Better Managed Underwriting Process 14

15 UWWB - TCS GIS Solution High Level Overview CAT Visualization & Tracking Impacted Policies Multi Channel Context Sensitive Alerts Potential Loss Aggregates Calculation Intelligent Claim Allocation to Claim Adjusters Multi Geo Format Assessment like Zip Code, Census Block Group, etc. CAT Claims Analysis

16 Role of GIS in Digital Insurer Transformation GIS plays an important role in helping Insurers achieve Cost Savings, Revenue Growth, and Regulatory Compliance Marketing Underwriting Claims & Servicing Risk Management Better targeted marketing to areas where insurer is currently underexposed Identifying prospects Better understanding of risk accumulation and resulting exposure Better pricing of risk taking into account risk of perils and accumulation of risk at that location New business opportunities with risks previously declined Identifying fraud patterns using spatial analysis Mapping location of incidents to support large response teams Pinpointing locations where resources are needed in large-scale disasters Allocating Adjusters in real time Aggregated view of risk exposure across lines of business Model impact of exposure to perils such as floods, fires, or windstorms

17 Data Enables Predictive Underwriting Customer Submits Application Online Straight thru Process (STP) If Clean Case If Complex Case For Policy Issue For Policy Issue For Policy Issue Work item sent to underwriter s work list Approve Data sent to analytics platform Application data Case History Decision Decline Predictive Analytics Platform Predictive Analytics Result Underwriter Counter offer Application & STP data Underwriting Data Similar cases More data & Analytics needed Claims data For the product

18 A Day in the Life of an Underwriter (Future State) Automated Geo-code endorsement request for newly added location Review in-basket for priority items Automated clearance for prior quote submission activity Underwriter Automated review of social media for client activity Review automated out of appetite rejections based on multiple occurrences from same producer Issue automated acknowledgement letter based on pre-configured business rules

19 Q & A

Perseus Model Insurer: Analytics

Perseus Model Insurer: Analytics Perseus Model Insurer: Analytics Neil Katkov, PhD nkatkov@celent.com Ever since technology began to be used beyond pure accounting in the industry, data has become a key source of competitive advantage

More information

Unisys Innovation Plan

Unisys Innovation Plan Unisys Innovation Plan June 12th, 2015 Our View of the Market Unisys regards user support, cloud/datacenter, applications, data, analytics, social, service management and security as essential components

More information

Extend your analytic capabilities with SAP Predictive Analysis

Extend your analytic capabilities with SAP Predictive Analysis September 9 11, 2013 Anaheim, California Extend your analytic capabilities with SAP Predictive Analysis Charles Gadalla Learning Points Advanced analytics strategy at SAP Simplifying predictive analytics

More information

www.pwc.com Game On: How Information is Changing the Rules of Insurance

www.pwc.com Game On: How Information is Changing the Rules of Insurance www.pwc.com Game On: How Information is Changing the Rules of Insurance Game On: How Information is Changing the Rules of Insurance The ability to extract meaningful insights from information assets is

More information

Warranty Fraud Detection & Prevention

Warranty Fraud Detection & Prevention Warranty Fraud Detection & Prevention Venky Rao North American Predictive Analytics Segment Leader Agenda IBM SPSS Predictive Analytics for Warranties: Case Studies Why address the Warranties process:

More information

Comprehensive software solutions for insurance

Comprehensive software solutions for insurance Innovation Simplicity Customer Experience Comprehensive software solutions for insurance Let our targeted solutions improve your margins and increase user engagement, throughout the insurance value chain.

More information

Commercial insurance underwriting

Commercial insurance underwriting Commercial insurance underwriting Best practice case underwriting and portfolio management A presentation to the Turkish CUOs by David Ovenden Nov 2013 1 Agenda Introduction The Turkish market in an international

More information

ANALYTICS STRATEGY: creating a roadmap for success

ANALYTICS STRATEGY: creating a roadmap for success ANALYTICS STRATEGY: creating a roadmap for success Companies in the capital and commodity markets are looking at analytics for opportunities to improve revenue and cost savings. Yet, many firms are struggling

More information

Gain superior agility and efficiencies with enterprise origination solution. Finacle Origination

Gain superior agility and efficiencies with enterprise origination solution. Finacle Origination Finacle Origination Gain superior agility and efficiencies with enterprise origination solution The recent global financial meltdown has reshaped the landscape of the lending business around the world.

More information

The Order Management Tipping Point:

The Order Management Tipping Point: The Order Management Tipping Point: Why Salesforce is at the Center of the New Communication Service Provider Architecture Sponsored by Technology Changing the Customer Change is constant for all industries,

More information

Transforming Analytics for Cognitive Business

Transforming Analytics for Cognitive Business Transforming Analytics for Cognitive Business Alistair Rennie General Manager Solutions, IBM Analytics @alistair_rennie IBM Chief Data Officer Strategy Summit Data fuels innovative offerings 28% of car

More information

TEXT ANALYTICS INTEGRATION

TEXT ANALYTICS INTEGRATION TEXT ANALYTICS INTEGRATION A TELECOMMUNICATIONS BEST PRACTICES CASE STUDY VISION COMMON ANALYTICAL ENVIRONMENT Structured Unstructured Analytical Mining Text Discovery Text Categorization Text Sentiment

More information

Improving claims management outcomes with predictive analytics

Improving claims management outcomes with predictive analytics Improving claims management outcomes with predictive analytics Contents: 1 Executive Summary 2 Introduction 3 Predictive Analytics Defined 3 Proven ROI from Predictive Analytics 4 Improving Decisions in

More information

ElegantJ BI. White Paper. Operational Business Intelligence (BI)

ElegantJ BI. White Paper. Operational Business Intelligence (BI) ElegantJ BI Simple. Smart. Strategic. ElegantJ BI White Paper Operational Business Intelligence (BI) Integrated Business Intelligence and Reporting for Performance Management, Operational Business Intelligence

More information

IBM Business Analytics software for Insurance

IBM Business Analytics software for Insurance IBM Business Analytics software for Insurance Nischal Kapoor Global Insurance Leader - APAC 2 Non-Life Insurance in Thailand Rising vehicle sales and mandatory motor third-party insurance supported the

More information

CHECKLIST: IS YOUR CRM EVOLVED?

CHECKLIST: IS YOUR CRM EVOLVED? CHECKLIST: IS YOUR CRM EVOLVED? Consumer expectations are rising. They expect each interaction with your organization whether via marketing, sales, service or operations to be seamless, straightforward

More information

Elevate Customer Experience and Engagement in the New Digital World

Elevate Customer Experience and Engagement in the New Digital World Elevate Customer Experience and Engagement in the New Digital World John Chan CRM Solutions Lead, Microsoft Business Solutions Microsoft Asia Customer buying behavior has fundamentally changed therefore,

More information

Business Process Services. White Paper. Strengthening Business Operations with the Digital Five Forces

Business Process Services. White Paper. Strengthening Business Operations with the Digital Five Forces Business Process Services White Paper Strengthening Business Operations with the Digital Five Forces About the Author Mahesh Kshirsagar Mahesh Kshirsagar heads Technology Transformation in the Business

More information

Busin i ess I n I t n e t ll l i l g i e g nce c T r T e r nds For 2013

Busin i ess I n I t n e t ll l i l g i e g nce c T r T e r nds For 2013 Business Intelligence Trends For 2013 10 Trends The last few years the change in Business Intelligence seems to accelerate under the pressure of increased business demand and technology innovations. Here

More information

Business Intelligence and Big Data Analytics: Speeding the Cycle from Insights to Action Four Steps to More Profitable Customer Engagement

Business Intelligence and Big Data Analytics: Speeding the Cycle from Insights to Action Four Steps to More Profitable Customer Engagement white paper Business Intelligence and Big Data Analytics: Speeding the Cycle from Insights to Action Four Steps to More Profitable Customer Engagement»» Summary For business intelligence analysts the era

More information

Transforming Financial Services Sector with Dynamic CRM

Transforming Financial Services Sector with Dynamic CRM Transforming Financial Services Sector with Dynamic CRM Financial Services industry sector is in the midst of paradigm shift. Since the financial crisis, traditionally, revenue challenges have been a cyclical

More information

Capgemini BizLender 360 An Integrated Straight Through Processing Solution for Business Lending Origination

Capgemini BizLender 360 An Integrated Straight Through Processing Solution for Business Lending Origination In Collaboration with SM Capgemini BizLender 360 An Integrated Straight Through Processing Solution for Business Lending Origination Using technology and expertise to boost efficiency, enhance decision

More information

Advanced Analytics for Better Insights. Part of the Insurance series: Benefits of a New Policy Administration System: Why Going Live is Not Enough

Advanced Analytics for Better Insights. Part of the Insurance series: Benefits of a New Policy Administration System: Why Going Live is Not Enough Advanced Analytics for Better Insights Part of the Insurance series: Benefits of a New Policy Administration System: Why Going Live is Not Enough Abstract Insurance professionals agree that data is a key

More information

The Order Management tipping point. Why Salesforce is at the center of the new Communication Service Provider architecture

The Order Management tipping point. Why Salesforce is at the center of the new Communication Service Provider architecture The Order Management tipping point Why Salesforce is at the center of the new Communication Service Provider architecture Why Salesforce is at the center of the new Communication Service Provider architecture

More information

IBM Software Enabling business agility through real-time process visibility

IBM Software Enabling business agility through real-time process visibility IBM Software Enabling business agility through real-time process visibility IBM Business Monitor 2 Enabling business agility through real-time process visibility Highlights Understand the big picture of

More information

: 71870 ELEANORA LN RANCHO MIRAGE, CA 92270, USA.

: 71870 ELEANORA LN RANCHO MIRAGE, CA 92270, USA. G r o w Y o u r B u s i n e s s, i n c r e a s e y o u r p r o f i t & s a t i s f y y o u r c u s t o m e r s Call Center Services ERA TECH Call Centers helps large and small Business in every industry

More information

How Organisations Are Using Data Mining Techniques To Gain a Competitive Advantage John Spooner SAS UK

How Organisations Are Using Data Mining Techniques To Gain a Competitive Advantage John Spooner SAS UK How Organisations Are Using Data Mining Techniques To Gain a Competitive Advantage John Spooner SAS UK Agenda Analytics why now? The process around data and text mining Case Studies The Value of Information

More information

Integrating the value of data in the underwriting process

Integrating the value of data in the underwriting process IBM Global Business Services White Paper Insurance Integrating the value of data in the underwriting process An underwriting point of view 2 Integrating the value of data in the underwriting process Introduction

More information

Making Leaders Successful Every Day

Making Leaders Successful Every Day Making Leaders Successful Every Day Client Onboarding In The Age of The Customer Forrester Research Craig Le Clair VP, Principal Analyst Agenda Research goals and approach Current onboarding approach inconsistent

More information

RetailSuite. The world s leading retail banking solution.

RetailSuite. The world s leading retail banking solution. The world s leading retail banking solution. We are set up now such that our sales agents have the capability and the discretion, within controllable limits, to set the terms and conditions of our products

More information

ACTIVITY & LOCATION BASED ANALYTICS APPLICATIONS

ACTIVITY & LOCATION BASED ANALYTICS APPLICATIONS ACTIVITY & LOCATION BASED ANALYTICS APPLICATIONS SEAMLESS, REAL TIME MERGING OF GIS AND ERP SYSTEMS ALLOWING THE VISUALIZATION OF RELATIONSHIPS, CONNECTIONS AND PATTERNS IN THE DATA FOR INTELLIGENT, INFORMED

More information

Top 5 Analytics Applications in Financial Services

Top 5 Analytics Applications in Financial Services Top 5 Analytics Applications in Financial Services Learn how you can boost your bottom line, manage risk, and take action on your insights with the world s most comprehensive analytics platform. 5 game-changing

More information

Capgemini BizLender 360 SM An Integrated Straight Through Processing Solution for Business Lending Origination

Capgemini BizLender 360 SM An Integrated Straight Through Processing Solution for Business Lending Origination Capgemini BizLender 360 SM An Integrated Straight Through Processing Solution for Business Lending Origination Using technology and expertise to boost efficiency, enhance decision making, improve compliance,

More information

IBM Software IBM Business Process Management Suite. Increase business agility with the IBM Business Process Management Suite

IBM Software IBM Business Process Management Suite. Increase business agility with the IBM Business Process Management Suite IBM Software IBM Business Process Management Suite Increase business agility with the IBM Business Process Management Suite 2 Increase business agility with the IBM Business Process Management Suite We

More information

IBM Business Analytics: Finance and Integrated Risk Management (FIRM) solution

IBM Business Analytics: Finance and Integrated Risk Management (FIRM) solution IBM Sales and Distribution Solution Brief Banking IBM Business Analytics: Finance and Integrated Risk Management (FIRM) solution Risk transparency across the enterprise 2 IBM Business Analytics: Finance

More information

The SAS Transformation Project Deploying SAS Customer Intelligence for a Single View of the Customer

The SAS Transformation Project Deploying SAS Customer Intelligence for a Single View of the Customer Paper 3353-2015 The SAS Transformation Project Deploying SAS Customer Intelligence for a Single View of the Customer ABSTRACT Pallavi Tyagi, Jack Miller and Navneet Tuteja, Slalom Consulting. Building

More information

ECM: Key Market Trends and the Impact of Business Intelligence

ECM: Key Market Trends and the Impact of Business Intelligence ECM: Key Market Trends and the Impact of Business Intelligence Cheryl McKinnon, Principal Analyst February 2014 Agenda ECM current state and market trends Achieve ECM success by using business intelligence

More information

Understanding Data Warehouse Needs Session #1568 Trends, Issues and Capabilities

Understanding Data Warehouse Needs Session #1568 Trends, Issues and Capabilities Understanding Data Warehouse Needs Session #1568 Trends, Issues and Capabilities Dr. Frank Capobianco Advanced Analytics Consultant Teradata Corporation Tracy Spadola CPCU, CIDM, FIDM Practice Lead - Insurance

More information

Insurance Business Intelligence Solution

Insurance Business Intelligence Solution Insurance BI solution that encompasses reporting, dashboards, ETL, built-in data management & analytics for insurance companies Insurance Business Intelligence Solution About MindCraft A software solutions

More information

Mastering Commercial Lines Automation Balancing Art and Science

Mastering Commercial Lines Automation Balancing Art and Science Mastering Commercial Lines Automation Balancing Art and Science This Research Brief looks at advances that are being made in the automation of commercial lines. Today there are new opportunities to capitalize

More information

III JORNADAS DE DATA MINING

III JORNADAS DE DATA MINING III JORNADAS DE DATA MINING EN EL MARCO DE LA MAESTRÍA EN DATA MINING DE LA UNIVERSIDAD AUSTRAL PRESENTACIÓN TECNOLÓGICA IBM Alan Schcolnik, Cognos Technical Sales Team Leader, IBM Software Group. IAE

More information

STRATEGIC PARTNERSHIP

STRATEGIC PARTNERSHIP South Africa STRATEGIC PARTNERSHIP WHERE INNOVATION BEGINS A web-enabled, transparent, continuous innovative marketplace that enables more efficiencies and effectiveness for s whilst providing multi-insurer,

More information

The Impact of PaaS on Business Transformation

The Impact of PaaS on Business Transformation The Impact of PaaS on Business Transformation September 2014 Chris McCarthy Sr. Vice President Information Technology 1 Legacy Technology Silos Opportunities Business units Infrastructure Provisioning

More information

Patient Relationship Management

Patient Relationship Management Solution in Detail Healthcare Executive Summary Contact Us Patient Relationship Management 2013 2014 SAP AG or an SAP affiliate company. Attract and Delight the Empowered Patient Engaged Consumers Information

More information

www.ducenit.com Analance Data Integration Technical Whitepaper

www.ducenit.com Analance Data Integration Technical Whitepaper Analance Data Integration Technical Whitepaper Executive Summary Business Intelligence is a thriving discipline in the marvelous era of computing in which we live. It s the process of analyzing and exploring

More information

BIG DATA STRATEGY. Rama Kattunga Chair at American institute of Big Data Professionals. Building Big Data Strategy For Your Organization

BIG DATA STRATEGY. Rama Kattunga Chair at American institute of Big Data Professionals. Building Big Data Strategy For Your Organization BIG DATA STRATEGY Rama Kattunga Chair at American institute of Big Data Professionals Building Big Data Strategy For Your Organization In this session What is Big Data? Prepare your organization Building

More information

Cloud Accelerate THINK IT, BUILD IT. Retail of the future: Engaging your customer

Cloud Accelerate THINK IT, BUILD IT. Retail of the future: Engaging your customer Cloud Accelerate THINK IT, BUILD IT Retail of the future: Engaging your customer Improving competitiveness and agility for retailers Industry drivers Proliferation of choice requires ever increasing sophistication

More information

Data Virtualization for Agile Business Intelligence Systems and Virtual MDM. To View This Presentation as a Video Click Here

Data Virtualization for Agile Business Intelligence Systems and Virtual MDM. To View This Presentation as a Video Click Here Data Virtualization for Agile Business Intelligence Systems and Virtual MDM To View This Presentation as a Video Click Here Agenda Data Virtualization New Capabilities New Challenges in Data Integration

More information

IBM Cognos Performance Management Solutions for Oracle

IBM Cognos Performance Management Solutions for Oracle IBM Cognos Performance Management Solutions for Oracle Gain more value from your Oracle technology investments Highlights Deliver the power of predictive analytics across the organization Address diverse

More information

Transforming Utility & Energy Sector with Dynamic CRM

Transforming Utility & Energy Sector with Dynamic CRM Transforming Utility & Energy Sector with Dynamic CRM INDUSTRY OVERVIEW The changing global energy market and regulatory environment have focused a harsh spotlight on operational risks, health, safety,

More information

Maximize customer value and reduce costs and risk

Maximize customer value and reduce costs and risk Maximize customer value and reduce costs and risk companies around the world face the same challenges: How can they lower costs while increasing profitability? Improve efficiency? Identify, attract and

More information

Multi-channel Marketing

Multi-channel Marketing RIGHT TIME REVENUE OPTIMIZATION How To Get Started RIGHT TIME REVENUE OPTIMIZATION How To Get Started Summary: The Short List Here s our suggested short list from this paper: Multi-channel marketing is

More information

Banking on Business Intelligence (BI)

Banking on Business Intelligence (BI) Banking on Business Intelligence (BI) Building a business case for the Kenyan Banking Sector The new banking environment in Kenya is all about differentiating banking products, increased choices, security

More information

This Symposium brought to you by www.ttcus.com

This Symposium brought to you by www.ttcus.com This Symposium brought to you by www.ttcus.com Linkedin/Group: Technology Training Corporation @Techtrain Technology Training Corporation www.ttcus.com Big Data Analytics as a Service (BDAaaS) Big Data

More information

Policy Administration Transformation Driving the change agenda

Policy Administration Transformation Driving the change agenda Policy Administration Transformation Driving the change agenda Contents Executive summary 3 Defining business value 4 Deloitte differentiators 6 Technology s role 9 In conclusion 10 2 Policy administration

More information

How To Understand The Benefits Of Big Data

How To Understand The Benefits Of Big Data Findings from the research collaboration of IBM Institute for Business Value and Saïd Business School, University of Oxford Analytics: The real-world use of big data How innovative enterprises extract

More information

Maximizing the ROI Of Visual Rules

Maximizing the ROI Of Visual Rules Table of Contents Introduction... 3 Decision Management... 3 Decision Discovery... 4 Decision Services... 6 Decision Analysis... 11 Conclusion... 12 About Decision Management Solutions... 12 Acknowledgements

More information

Using Analytics beyond Price Optimisation. Francisco Gómez-Alvado, Towers Perrin Marcus Looft, Earnix

Using Analytics beyond Price Optimisation. Francisco Gómez-Alvado, Towers Perrin Marcus Looft, Earnix Using Analytics beyond Price Optimisation Francisco Gómez-Alvado, Towers Perrin Marcus Looft, Earnix 1 Agenda Introduction Using PO techniques for improved business analytics Some business cases Discussion

More information

Thriving in the Age of Disruption: Leveraging Data to Drive New Opportunity and Deliver Customer Value

Thriving in the Age of Disruption: Leveraging Data to Drive New Opportunity and Deliver Customer Value Thriving in the Age of Disruption: Leveraging Data to Drive New Opportunity and Deliver Customer Value Table of Contents Executive Summary Introduction Smarter data Becoming a Digital Insurer Conclusion

More information

Brochure. ECM without borders. HP Enterprise Content Management (ECM)

Brochure. ECM without borders. HP Enterprise Content Management (ECM) Brochure ECM without borders HP Enterprise Content Management (ECM) HP Enterprise Content Management (ECM) Without question, the volume, variety, and velocity of data across your enterprise create new

More information

{Businesss. Intelligence. Overview. Dashboard Manager

{Businesss. Intelligence. Overview. Dashboard Manager {Businesss Intelligence Overview Right information is the lifeblood of financial institutions in today s dynamic business environment. Yet many organisations struggle to provide the right information to

More information

Don t be the last to know.

Don t be the last to know. White Paper Commercial Portfolio Risk Management Doesn t Stop with Underwriting Don t be the last to know. Carriers that proactively manage risk during the policy term can better anticipate and respond

More information

Value of. Clinical and Business Data Analytics for. Healthcare Payers NOUS INFOSYSTEMS LEVERAGING INTELLECT

Value of. Clinical and Business Data Analytics for. Healthcare Payers NOUS INFOSYSTEMS LEVERAGING INTELLECT Value of Clinical and Business Data Analytics for Healthcare Payers NOUS INFOSYSTEMS LEVERAGING INTELLECT Abstract As there is a growing need for analysis, be it for meeting complex of regulatory requirements,

More information

Digital Business Requires Application Performance Management

Digital Business Requires Application Performance Management A Custom Technology Adoption Profile Commissioned By BMC Software January 2015 Digital Business Requires Application Performance Management Introduction Digital is transforming the rules of business success.

More information

DNBi Risk Management. Unparalleled Data Insight to Drive Profitable Growth. Insights from Data. Relationships from Insights

DNBi Risk Management. Unparalleled Data Insight to Drive Profitable Growth. Insights from Data. Relationships from Insights DNBi Risk Management Unparalleled Data Insight to Drive Profitable Growth Insights from Data Relationships from Insights DNBi is a powerful, web-based credit risk management solution that offers Dun &

More information

Signal Hub for Wealth Management

Signal Hub for Wealth Management Signal Hub for Wealth Management Overview of Design and Background The Signal Hub for Wealth Management, which Opera Solutions has deployed to the wealth management industry, has required combining a variety

More information

ON24 WEBCASTING. Marketing Performance Suite

ON24 WEBCASTING. Marketing Performance Suite ON24 WEBCASTING Marketing Performance Suite The New Marketing Challenge Buyer behavior is changing Business decision makers are increasingly self-educating before they engage in a sales conversation. In

More information

Big Data & the Cloud: The Sum Is Greater Than the Parts

Big Data & the Cloud: The Sum Is Greater Than the Parts E-PAPER March 2014 Big Data & the Cloud: The Sum Is Greater Than the Parts Learn how to accelerate your move to the cloud and use big data to discover new hidden value for your business and your users.

More information

The Digital Performance Benchmark. What distinguishes world class digital from the rest of the pack?

The Digital Performance Benchmark. What distinguishes world class digital from the rest of the pack? The Digital Performance Benchmark What distinguishes world class digital from the rest of the pack? Digital Performance The future is digital The digital landscape is rapidly evolving. With customers across

More information

Optimize data management for. smarter banking and financial markets

Optimize data management for. smarter banking and financial markets Optimize data management for smarter banking and financial markets 2 Flexibility, transparency, quick response times: Are you ready for the new financial environment? 1 2 and profitability Meeting customer

More information

Delivering Customer Value Faster With Big Data Analytics

Delivering Customer Value Faster With Big Data Analytics Delivering Customer Value Faster With Big Data Analytics Tackle the challenges of Big Data and real-time analytics with a cloud-based Decision Management Ecosystem James Taylor CEO Customer data is more

More information

Survey Report. Business strategy and technology priorities in the wealth management industry. Examination of top US wealth management firms

Survey Report. Business strategy and technology priorities in the wealth management industry. Examination of top US wealth management firms Survey Report Business strategy and technology priorities in the wealth management industry Examination of top US wealth management firms Balaji Yellavalli Infosys Ltd. Jaroslaw E. Knapik Datamonitor In

More information

It s about you What is performance analysis/business intelligence analytics? What is the role of the Performance Analyst?

It s about you What is performance analysis/business intelligence analytics? What is the role of the Performance Analyst? Performance Analyst It s about you Are you able to manipulate large volumes of data and identify the most critical information for decision making? Can you derive future trends from past performance? If

More information

Fraud Solution for Financial Services

Fraud Solution for Financial Services Fraud Solution for Financial Services Transforming Fraud Detection and Prevention in Banks and Financial Services In the digital age, the implications of financial crime against banks and other financial

More information

3 Step Approach to Improving Customer Experience and Driving Engagement

3 Step Approach to Improving Customer Experience and Driving Engagement 3 Step Approach to Improving Customer Experience and Driving Engagement 2011 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein are service marks or registered

More information

Tapping the benefits of business analytics and optimization

Tapping the benefits of business analytics and optimization IBM Sales and Distribution Chemicals and Petroleum White Paper Tapping the benefits of business analytics and optimization A rich source of intelligence for the chemicals and petroleum industries 2 Tapping

More information

www.sryas.com Analance Data Integration Technical Whitepaper

www.sryas.com Analance Data Integration Technical Whitepaper Analance Data Integration Technical Whitepaper Executive Summary Business Intelligence is a thriving discipline in the marvelous era of computing in which we live. It s the process of analyzing and exploring

More information

www.pwc.com/oracle Next presentation starting soon Business Analytics using Big Data to gain competitive advantage

www.pwc.com/oracle Next presentation starting soon Business Analytics using Big Data to gain competitive advantage www.pwc.com/oracle Next presentation starting soon Business Analytics using Big Data to gain competitive advantage If every image made and every word written from the earliest stirring of civilization

More information

The Next Big Thing in the Internet of Things: Real-Time Big Data Analytics"

The Next Big Thing in the Internet of Things: Real-Time Big Data Analytics The Next Big Thing in the Internet of Things: Real-Time Big Data Analytics" #IoTAnalytics" Mike Gualtieri Principal Analyst Forrester Research " " "" " " " " Dale Skeen CTO & Co-Founder Vitria Technology

More information

Setting the Standard for Safe City Projects in the United States

Setting the Standard for Safe City Projects in the United States Leading Safe Cities Setting the Standard for Safe City Projects in the United States Edge360 is a provider of Safe City solutions to State & Local governments, helping our clients ensure they have a secure,

More information

Predictive analytics with System z

Predictive analytics with System z Predictive analytics with System z Faster, broader, more cost effective access to critical insights Highlights Optimizes high-velocity decisions that can consistently generate real business results Integrates

More information

Talent Management: Why It s Critical for Business Success

Talent Management: Why It s Critical for Business Success Talent Management: Why It s Critical for Business Success Integrated talent management drives measurable results by aligning employee development to your business goals. Learn how. Contents Aligning Individual

More information

EVERYTHING THAT MATTERS IN ADVANCED ANALYTICS

EVERYTHING THAT MATTERS IN ADVANCED ANALYTICS EVERYTHING THAT MATTERS IN ADVANCED ANALYTICS Marcia Kaufman, Principal Analyst, Hurwitz & Associates Dan Kirsch, Senior Analyst, Hurwitz & Associates Steve Stover, Sr. Director, Product Management, Predixion

More information

Chapter 4 Getting Started with Business Intelligence

Chapter 4 Getting Started with Business Intelligence Chapter 4 Getting Started with Business Intelligence Learning Objectives and Learning Outcomes Learning Objectives Getting started on Business Intelligence 1. Understanding Business Intelligence 2. The

More information

PRIME DIMENSIONS. Revealing insights. Shaping the future.

PRIME DIMENSIONS. Revealing insights. Shaping the future. PRIME DIMENSIONS Revealing insights. Shaping the future. Service Offering Prime Dimensions offers expertise in the processes, tools, and techniques associated with: Data Management Business Intelligence

More information

Study Shows Businesses Experience Significant Operational and Business Benefits from VMware vrealize Operations

Study Shows Businesses Experience Significant Operational and Business Benefits from VMware vrealize Operations Study Shows Businesses Experience Significant Operational and Business Benefits from VMware vrealize Operations Reduced Cost of Infrastructure Management, Higher Application Availability, Visibility Across

More information

Advanced Case Management. Chris den Hoedt

Advanced Case Management. Chris den Hoedt Advanced Case Management Chris den Hoedt New market demands for achieving outcomes require new approaches...like advanced case management Increased costs and risks from unpredictable processes Higher

More information

FUJITSU Software Interstage Business Operations Platform: A Foundation for Smart Process Applications

FUJITSU Software Interstage Business Operations Platform: A Foundation for Smart Process Applications FUJITSU Software Interstage Business Operations Platform: A Foundation for Smart Process Applications Keith Swenson VP R&D, Chief Architect Fujitsu America, Inc. May 30, 2013 We are a software company

More information

Agil visualisering och dataanalys

Agil visualisering och dataanalys Agil visualisering och dataanalys True Business and IT collaboration in Analytics Niklas Packendorff @packendorff SAPSA Impuls 2014 Legal disclaimer The information in this presentation is confidential

More information

SAP Best Practices for SAP S/4HANA Scope 1511 Cloud Marketing Edition Business Priority view. last update: 2015-11-11

SAP Best Practices for SAP S/4HANA Scope 1511 Cloud Marketing Edition Business Priority view. last update: 2015-11-11 SAP Best Practices for SAP S/4HANA Scope 1511 Cloud Marketing Edition Business Priority view last update: 2015-11-11 SAP Best Practices for Cloud Marketing edition 2015 Value Proposition The SAP Best Practices

More information

Deliver a Better Digital Customer Experience Through Sonata s Digital Engagement Solutions

Deliver a Better Digital Customer Experience Through Sonata s Digital Engagement Solutions Deliver a Better Digital Customer Experience Through Sonata s Digital Engagement Solutions The World is Going Digital The incredible growth of the internet, the proliferation of mobile devices and the

More information

Increase success using business intelligence solutions

Increase success using business intelligence solutions white paper Business Intelligence Increase success using business intelligence solutions Business intelligence (BI) is playing an increasingly important role in helping large insurance carriers and insurers

More information

Sberbank Venture Funds Strategy

Sberbank Venture Funds Strategy Sberbank Venture Funds Strategy Bled, September 0 Dr. Mircea Mihaescu Director, IT Strategy and Venture Capital, Sberbank Group @MirceaMihaescu Sberbank Strategic VC Investments Objectives Build a Corporate

More information

Underwriting Intelligence

Underwriting Intelligence Underwriting Intelligence Milliman Underwriting Intelligence is a superior collection of data and tools designed by a focused group of experts and packaged with an unmatched level of service. IntelliScript

More information

Responsive Business Process and Event Management

Responsive Business Process and Event Management Building Responsive Enterprises: One decision at a Time James Taylor CEO, Decision Management Solutions Visibility, prediction, impact and action are the keys More information at: www.decisionmanagementsolutions.com

More information

Business analytics for insurance

Business analytics for insurance IBM Software Business Analytics Insurance Business analytics for insurance Four ways insurers are winning with analytics 2 Business analytics for insurance Contents 2 Overview 3 Business analytics defined

More information

ALLFINANZ. Transform underwriting into a sales enabler and profit driver. www.munichre.com/automation-solutions

ALLFINANZ. Transform underwriting into a sales enabler and profit driver. www.munichre.com/automation-solutions Software Solutions for New Business & Automated Underwriting Transform underwriting into a sales enabler and profit driver www.munichre.com/automation-solutions New Business & Automated Underwriting is

More information

Business Networks: The Next Wave of Innovation

Business Networks: The Next Wave of Innovation White Paper Business Networks: The Next Wave of Innovation Sponsored by: Ariba Michael Fauscette November 2014 In This White Paper The business network is forming a new framework for productivity and value

More information

DIGITALLY ENABLED TRANSFORMATION PROGRAMS MUST ALIGN WITH BUSINESS OUTCOMES

DIGITALLY ENABLED TRANSFORMATION PROGRAMS MUST ALIGN WITH BUSINESS OUTCOMES CAN MORTGAGE LENDERS STAY COMPETITIVE WITH BETTER PROCESS AND TECHNOLOGY? A report from genpact.com/leandigital for MORTGAGE LENDING IS AT A CROSSROADS. CUSTOMER SATISFACTION DRIVES MARKET SHARE FOR MORTGAGE

More information