Business Disruption is not new, but, simultaneous disruption in different walks of life and across businesses is the new phenomenon that global businesses are trying to position as an opportunity, challenge, or a threat. With never like before technology led la-uber disruptions surfacing in different industries, business needs to develop a deeper understanding of the underlying factors to come with an effective strategy to survive a possible deluge, if not to differentiate and stand apart. This applies more to industries where sporadic disruptions are surfacing but failing to make a remarkable impact. Insurance is one such industry. I think the insurance industry is poised for a very exciting but challenging phase in coming years.
Category blogs - Featured
1,918
Master Data Management in Aerospace & Defense: The Way Forward
As the volume of structured and unstructured data across your enterprise landscape continues to explode, ensuring real-time access to high-quality master data for your various stakeholders will be crucial. A failure to do so will hinder your ability to reduce time-to-market, shorten product development lifecycles, rationalize capital and operating expenditures, and manage supply chain complexity. Therefore, it is important for you to put master in place data management processes covering data governance, business process governance, and monitoring procedures.
Aerospace and Defense
1,918
Master Data Management in Aerospace & Defense: The Way Forward
As the volume of structured and unstructured data across your enterprise landscape continues to explode, ensuring real-time access to high-quality master data for your various stakeholders will be crucial. A failure to do so will hinder your ability to reduce time-to-market, shorten product development lifecycles, rationalize capital and operating expenditures, and manage supply chain complexity. Therefore, it is important for you to put master in place data management processes covering data governance, business process governance, and monitoring procedures.
Financial Services
1,550
Introduction to Fog Computing and its impact on Financial Services
Fog Computing is a horizontal capability that complements both cloud and edge computing. The theme is generally directed at tapping into services accessible from devices, such as payments, increasing personalized offers and retaining customers who are lured by non-traditional banking services (such as Apple Pay, Samsung Pay etc.
Retail and eCommerce
1,693
Rationalize Your Retail Inventory: The Key to Unlocking Business Value
Inventory is the most significant investment across every industry, more so for the retail sector. In order to maximize the Return on Investment (ROI), each and every retailer must ensure that exuberant inventory investments are kept to the minimum. Statistics confirm that up to 30-35% of the total inventory is stuck in the non-performing, slow moving Stock-keeping units (SKUs), whose cumulative contribution to sales is less than 5%. This phenomenon is known as the long tail of the supply chain. The entire phenomenon of inventory in retail sector is dependent upon the customer. Market is volatile hence inventory optimization calls for immediate action at retailer’s end. Some ways to reduce unnecessary inventory investments is to optimize the assortment, based on one or more parameters such as, No. of SKU’s (#SKU) sales, Gross Margins Return on Investment (GMROI), Space Productivity, Minimum Presentation and so on, the non-performing SKUs may be selected and rationalized appropriately. “SKU Rationalization is an important technique in inventory management that helps retailers optimize their assortments by decommissioning some of the non- productive merchandise.”
Blog Category Listing
83
Jan 18, 2021
Can ubiquitous access to healthcare data help reduce the surging healthcare cost in the US?
Over the last three centuries, the longevity of human life has made some significant strides. The average life of a human in the 1600s was about 40 years. Compared to this, today’s life expectancy stands at a staggering 75+ years. The advent of...
83
Jan 18, 2021
Can ubiquitous access to healthcare data help reduce the surging healthcare cost in the US?
Over the last three centuries, the longevity of human life has made some significant strides. The average life of a human in the 1600s was about 40 years. Compared to this, today’s life expectancy stands at a staggering 75+ years. The advent of...
Disruption in Insurance industry – is it sporadic
Make ‘Fun’ to sell insurance & reduce cost - “Gamification in Insurance”
Murali Dharan Haragopal - Head of Global Insurance Business Solution Group
| March 17, 2016
1337 Views
1337 Views
Did you know? Games share certain characteristics with insurance, business and our lives! Significant common characteristics include uncertainty, challenge, chance, choices, goal, relevance, reward, rules and terms of agreement.
The New Face of Regulatory Response: Opportunity
The subject of financial services regulatory compliance is likely to elicit a number of responses ranging from yawning to fear. It is very unlikely this subject will generate enthusiastic support for new opportunities, but the time has come for this to change.
