As insurers deal with complex regulations and large amounts of data, spread between systems, silos, and different tools,structuring datato enable insights helps themuse data to the advantage of their businesses.
Better insights into dataallow companies in the insurance industry to:
Personalise product offerings and services to improve the customer experience.
Migitate risk of fraudby optimising insight on each customer or prospect, and performing accurate risk management and fraud detection,
Improve revenueby optimizing sales opportunities, and identifying opportunities for up-selling and cross-selling
Lower operational costsby creating efficiency in customer service, such as accelerating the claim processing and lessen the administrative workload.
DataOps is a data management framework that supports insurers to optimise the data-to-insights flow in a scalable manner.
Grow your business with the DataOps approach.
By implementing the DataOps approach, you:
Reducethetimepeople spend on organising, finding and gaining access to data from80 to 40%.
Make relevant data immediately &securelyaccessibleto your business and data analysts.
Let people focus on what really matters: gathering the insights to makeprofitabledecisions.
Increase revenue with an average of 5.23% increase and reduce operational costs with an average of 4.8% decrease (CSA, 2020).
If you choose not to work the DataOps way, your data-to-insights flow will take months instead of minutes, increasing your risk of losing market opportunities and not foreseeing risks of fraud.
Making your data most useful with DataOps.
TENGU is a DataOps Orchestration Platform that enables you to solve your data challenges andset up the right data & analytics workflowsaccording to the DataOps discipline.
Unlike other DataOps Orchestration Platform providers, we:
believe it's about theusers' convenience and not just the technology. This user could be a specialist or non-specialist in data.
offer supportive services to help the businessbetter understandwhatdataisneededto achieve their objectives.
build the DataOps Communityto share knowledge andhelp each other find the best solution.
Companies we empowered to work the DataOps way with TENGU.
Are you ready to solve your data challenges?
Schedule a call to discover our uses cases and best practices for insurance companies like yours. We would be happy to discuss the benefits of working the DataOps way.