Data Virtualization for Insurance companies: 3 case studies

High Impact Use Cases for Data Virtualization Driving Business Value

In the Insurance Sector

© 2014 Denodo Confidential

Today’s Speaker

■ Jesus Barrasa

Senior Solutions Architect, Denodo


Agenda

■ What is Data Virtualization?

■ Case Studies

• Agile Sales and Risk Reporting (Big Data Integration)

• Organizational Restructuring and Migration.

• Single Customer View

• Single Underwriting Desktop

■ Q&A


WHAT IS DATA VIRTUALIZATION?


What is Data Virtualization?

■ Data integration but… modern, agile and real-time

■ Abstraction + data services layer

■ Logical abstraction and decoupling

■ Data federation on steroids

■ Semantic Integration of structured & unstructured

■ Agile data services provisioning

■ Unified data governance & security


What is Data Virtualization?


SUCCESS STORIES

Data Virtualization in the Insurance Industry


Insurance Customer Success


THE CLIMATE CORPORATION

Using Data Virtualization to Enable Agile BI






Key Takeaways & ImpactVirtual vs. Physical

■ Agile delivery of BI

• 3x improvement in time to market, 1/3 resource

• Lead to multiple use cases – Risk, Operational DI, Data Services

■ Frequently changing data sources and formats

■ Operational data requirements

■ Leverage reusable loosely coupled views

■ Incremental development


THE AAA NORTHERN CALIFORNIA, NV AND UT

“Changing the Wheels at 70 mph”


AAA Northern California, Nevada and Utah

■ AAA established in 1900

■ AAA offers a wide array of automotive, travel, insurance and financial services.

■ In North America, AAA is a not-for-profit, federation of 44 motor clubs with more than 1,100 offices, serving more than 53 million Members throughout the United States and Canada.

■ The third-largest regional member club of the national organization, serving more than 4 million Members in Northern California, Nevada and Utah.












Lessons Learned

■ Enabled AAA to ‘change the wheels at 70mph’.

■ Enabled rapid development and prototyping to support AAA rapidly changing business model.

■ Enabled easier access to heterogeneous data to BI consumers.

■ AAA expected DV to be a stop gap – at the end of the process they realised it is an integral part of their architecture.


LEADING EUROPEAN INSURANCE CARRIER

Single View of a Customer in different markets


Leading European Insurance Carrier



Key Takeaways & Impact

■ Integrated and consistent view of all customer data available for all LOB.

■ Significant acceleration in decision making: integrated + real time data

■ Standardized access to client data

■ Reduced Time To Solution

■ Data replication minimized

■ Future proof architecture, easy to accommodate changes

■ Agility. Fail fast.

■ Built incrementally

Business IT


NATIONWIDE INSURANCE

Single Underwriting Desktop


Nationwide Insurance

■ One of the largest insurance and financial services companies in the world

■ 80 year old company

■ Annual Revenues — $20.8 Billion

■ Employees — 32,000

■ 750 Underwriting agents

■ Use Cases

• Single Unified Desktop Application

• Integration of Marketing Analytics DataWarehouses


Nationwide: Single Unified Desktop App


COMPANY OVERVIEW & VALUE PROPOSITION

Denodo Technologies


Denodo Overview - Snapshot

■ Long-term Leadership in Data Virtualization

■ Data Virtualization is our ONLY focus with an integrated product vision

• Longest continuous focus on Data Virtualization / Data Services

• Rapid product advancements (3 significant releases in 18 months)

■ Global presence

• Direct in North America and EMEA

• Reseller partners in EMEA LATAM and APAC

■ Financially strong

• $5 Billion private equity backed

• Profitable Worldwide

■ Accelerating market momentum

• Strong year-on-year revenue growth

• Significant analyst, press and vertical awards

■ Premier customers with large enterprise Data Services deployments


Compelling Value Proposition for the Customer

■ Better Information

• Focus on Business Information Needs

• Include Web / Cloud, Big Data, Unstructured, Streaming

• Bigger volumes, richer/easier access to data

■ Lower Cost & Agility

• Lower Integration Costs by up to 80%

• Flexibility to Change

• Real-time (on-demand) Data Services

■ Fast Time to Solution

• Projects in Weeks

• ROI in <6 months

• Adds New IT and Business Capabilities


Q&A


WHERE CAN I FIND OUT MORE?


■ At your own pace: www.denodo.com

■ Download Denodo Express –

• The fastest way to Data Virtualization

■ Denodo Community: Documents, Videos, Tutorials & more

■ Move forward with one of our Data Virtualization experts

• Phone: (+1) 877-556-2531 (NA)

• Phone: (+44) (0)20 7869 8053 (EMEA)

• Email: [email protected] | www.denodo.com

Where Can I Find More Information?

■ Webinars for AAA and The Climate Corporation

• http://www.denodo.com/en/resources/webcasts/aaa_webinar/index.php

• http://www.denodo.com/en/resources/videocasts/video_tcc_customer_talk.html

mailto:[email protected]

http://www.denodo.com/

http://www.denodo.com/en/resources/webcasts/aaa_webinar/index.php

http://www.denodo.com/en/resources/videocasts/video_tcc_customer_talk.html


© Copyright Denodo Technologies All rights reservedUnless otherwise specified, no part of this PDF file may be reproduced or utilized in any formor by any means, electronic or mechanical, including photocopying and microfilm, without prior the written authorization from Denodo Technologies.

Data & Analytics

Data Virtualization for Insurance companies: 3 case studies