Read any analyst report and you learn one thing –enterprises are migrating business data to the cloud. In working with our customers, we have found that data and analytics platforms built in the cloud are the foundation and accelerant for nearly every digital transformation strategy.
Our customers have told us that a significant pain point when moving to the cloud is their existing on-premises infrastructure. Many users struggle with integrating data from legacy on-premises systems due to complexity, unscalable infrastructure, and DevOps burdens.
View this on-demand webinar to explore how Precisely can support your organization in the transition to the cloud and ensure that moving from legacy systems to next-gen cloud platforms drives innovation, productivity, and business outcomes.
2. “Businesses that follow the lead of
cloud-migration outperformers stand
to unlock some $1 trillion in value.” –
Mckinsey & Company
3. EnsuringCloudMigrationSuccessinInsurance
The demand placed on the
insurance infrastructure is
increasing!
• Innovative InsureTech companies are gaining ground in
the market
• Client’s demand for flexibility and accessibility
accelerated
• Uncertainty about customized legacy applications
• Slow data analytics due to complex data silos
• Difficulty innovating with data-driven strategies
• Costly mainframe maintenance
• Skill risks due to outdated programming languages
• Developing future-proof and strategic applications
4. Data integration is more critical than ever
Businesses of all types
are adopting the
cloud faster than ever
before.
Hybrid cloud is the
environmentof choice
for flexibility, control,
and security.
Real-time access to
data is required for
fast, confident
decision making
1 2 3
EnsuringCloudMigrationSuccessinInsurance
5. “85% of organizations
will embrace a cloud-first
principle by 2025”
- Gartner
“55% of leaders cite data
modernization as the reason for
their shift to cloud”
- Deloitte
“Approximately $100 billion of
wasted migration spend is expected
over the next three years”
- McKinsey & Company
So despite the excitement around getting to the cloud,
organizations need to be careful…
EnsuringCloudMigrationSuccessinInsurance
6. Implementing a modern data integration
framework isn’t easy
0
10
20
30
40
50
60
Real-time
CDC
Skills Governance Data
Accesibility
Budget Data Quality Legacy
%
of
People
Who
Consider
this
a
Top
Challenge
(Rated
1
or
2)
1. Real-time CDC: Keeping data up to date, accessing
and processing data in real-time
2. Skills/Staff: Shortage of skills and staff who have an
understandingacross cloud and legacy technologies
3. Data Accessibility: Making data accessible to users
across the business
4. Budget: Spending on maintenanceand not innovation
5. Data Quality: Poor data quality and lack of trust in
data
6. Legacy systems: Difficult to leverage data from legacy
systems (mainframes,EDWs, IBM i etc.) with modern
cloud platforms
7. Scalability: Ability to scale with and process massive
data volumes
Q. What are your top challenges when it comes to
implementing a modern data architecture?
7. You need
data integrity…
data with maximum accuracy,
consistency, and context for
confident business decision-
making
EnsuringCloudMigrationSuccessinInsurance
8. 47%
of newly created data
records have at least one
critical error
68%
of organizations say disparate
data negatively impacts their
organization
84%
of CEOs say that they
are concerned about the
integrity of the data they are
making decisions on
Data Trends Survey 2019 Forbes
HBR
Data integrity is a business imperative
EnsuringCloudMigrationSuccessinInsurance
9. The leader in data integrity
Oursoftware, dataenrichmentproductsandstrategic
services deliveraccuracy,consistency,andcontextin your
data,poweringconfidentdecisions.
Brands you trust, trust us
Data leaders partner with us
12,000 customers
99 of the Fortune100
100 countries
2,500 employees
Ensuring Cloud Migration Success in Insurance
11. LOCATION
QUALITY
GOVERNANCE
ENRICHMENT INTEGRATION
Your uniquedata
integrity journey
will reflect your
business
needs
Data
Integrity
Data integrity
is a journey
11
• Every journey to data integrity is unique and driven by
business initiatives
• Market trends are accelerating the need for data integrity
• Precisely addresses needs across the data integrity
journey
The Precisely Data Integrity Suite
unites the steps to data integrity
that unlock incremental value
12. Data Integrity
for your cloud
migration
journey
Consistency
Accuracy Context
Data
Integration
Data
Observability
Data
Quality
Geo
Addressing
Spatial
Analytics
Data
Governance
Data
Enrichment
Data Integrity Foundation
EnsuringCloudMigrationSuccessinInsurance
14. Ensuring Cloud Migration Success in Insurance
Strategic partnerships support expanding data
integration strategy
Native integrations with partner platforms
Solving use cases together that extend platform value
15. • With over 1,500,000 active policies, customers have
relied on AAA Life to help provide financial protection
for those they care about for decades.
• The company understood that modernizing every
aspect of its business operations, especially core IT
systems, was key to providing the innovative
applications and services expected by its consumers,
partners, and internal team members.
• IBM i data is available in real-time
• Future-proofing the architecture so that AAA Life can implement new targets and data use
cases seamlessly
• Maximizing the investment in IBM i while continuing to innovate and deliver new
functionality
• Eliminate the need for IBM i specialized skills
Ensuring Cloud Migration Success in Insurance
• Policy processing and customer analytics hindered by reliance on multiple disparate
computing platforms and applications
• Cloud modernization initiative required extensive integration of existing applications and data
flows
• Dependent upon core business applications and data on IBM i servers and storage systems
• Transforming, validating, and migrating extensive volumes of historical customer and financial
data for use in cloud computing systems
CHALLENGES
BENEFITS
16. Positioning IT Teams for Success
Systems are accurate and current
• Data lakes are current and relevant
• Data from mainframe,IBM i, and
other disparatesystems can be
used for modern cloud-based
projects
Democratizing the Data
• No need for SME or 3rd party
support for cloud or legacy
systems
• Single solution that can leverage
data where it lives and keeps it
easy to manage
Making the most out of current
architecture
• Future-proofarchitecture
• No need to maintain homegrown
processes for integration
EnsuringCloudMigrationSuccessinInsurance
17. EnsuringCloudMigrationSuccessinInsurance
Helping 1000s of customers solve
strategic problems
• Reduce time to market of revenue-generating applications
• Simplify data integration and data life cycle
• Ensure a better customer experience
• Enable the adoption of new platforms for strategic data initiatives,
including.
• Increase the value of cloud investments
• Gain strategic value from all your enterprise data
• Meet regulator and compliance requirements for data integration
18. EnsuringCloudMigrationSuccessinInsurance
Focus on Data Integrity for cloud
migration success
• Break down data silos by connecting traditional systems, such as
mainframes, to next-wave technologies in minutes
• Real-time data delivery to feed business applications and analytics
• Design once, deploy anywhere to future-proof your business with easy to-
use GUI and self-tuning engine - no coding or tuning needed
• Work with mainframe expertise to help drive innovation – directly access
and understand VSAM files, COBOL Copybooks, IMS, mainframe fixed and
sequential files, and Db2 data
• Build data governance and quality Into your data-centric processes to
ensure accuracy and context
19. Learn more about us at
Precisely.com
EnsuringCloudMigrationSuccessinInsurance