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Reporting and Analytics for Core Systems Transformation

Reporting and Analytics for Core Systems Transformation

The need for a single platform and approach to management reporting and advanced analytics becomes even more pressing as the industry moves from ‘dumb’ reporting to insight driven decision making. The whole notion of why reports are needed in the first place is being challenged. For analytics to be truly transformative in an organization, users shouldn’t need to access reports and conduct their own analyses. Interactive dashboards that include predictive analytics and deep drill-down and visualization capabilities customized to the particular role of the user, are a better solution than the hundreds of template reports in use today.Some of the essential requirements and considerations for this future-state reporting and analytics architecture for an insurance entity should include:

  • Data Ingestion Interface
  • A Managed Data Eco-system
  • Advanced Analytics Enablement
  • Real-Time and Embedded Analytics
  • Data Insights

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