Insurers’ success has always hinged on their ability to analyze data effectively to price and underwrite policies accurately. While this analytical capability remains essential, outdated legacy systems hinder insurers from competing in a rapidly changing market. According to McKinsey, modernizing legacy systems can reduce IT costs per policy by 41%, increase operations productivity by 40%, improve claim accuracy, increase gross written premiums, and reduce churn.

PostgreSQL APIs let applications interact with Postgres databases, perform CRUD (Create, Read, Update, Delete) operations, and manage database schemas. Keep reading to learn more about how APIs help you maximize your databases.

Staying competitive requires embracing change and innovation. Modernizing legacy ERP is one such change that can equip enterprises with the tools they need to thrive. According to Gartner, 45% of CIOs seek to decrease investments in legacy infrastructure. Understanding this transition’s importance and navigating it can position businesses for sustained growth and success.

Every organization faces incidents. These could be simple, such as customers being temporarily locked out of online accounts. Or they could be major incidents that damage your reputation, like a bad customer interaction that gets on the news. Or they could be damaging in another deep way, like a security breach or safety incident in manufacturing. Unplanned events are inevitable. How you handle them will make or break your organization.

The global API market’s value reached $5.42 billion in 2024 and is expected to grow to $34.17 billion by 2032. This exponential growth underscores the increasing reliance on APIs for digital transformation strategies. As the API economy expands, so does the complexity and volume of data exchanged through APIs. API reporting tools streamline this process by providing all the features you need to leverage APIs effectively.

92% of enterprises are working on or planning an application modernization strategy. This trend shows a growing focus on upgrading technology. Modernizing existing systems and data infrastructure allows organizations to turn old, inefficient setups into flexible, scalable solutions that support future growth. These initiatives mitigate the risks of outdated technology and position companies to take advantage of new opportunities, such as big data analytics and integration with cloud technologies.

Developing internal tools often requires significant time and coding skills, which pose challenges for many businesses. However, low-code platforms like Retool are changing the landscape, enabling the creation of admin tools with minimal coding. Highlighting the growing significance of low-code development, Gartner predicts that this approach will account for over 65% of all application development activity by the end of 2024.

Both business intelligence (BI) and data analytics help businesses make the most of their data through insights. While the two terms are related, they’re not the same and cannot be used interchangeably. The biggest difference is that business intelligence requires data analytics to generate results, but data analytics works well even independently of business data. Let’s do an in-depth comparison of the two and see if the business intelligence vs. data analytics debate is justified.

The global EDI market, valued at USD 36.52 billion in 2023, has a projected compound annual growth rate (CAGR) of 12% from 2024 to 2032. As organizations worldwide increasingly turn to EDI to enhance their business processes, the role of VANs in facilitating seamless data interchange has garnered significant attention. This blog provides a comprehensive overview of EDI VANs, detailing their functionalities, benefits, and important aspects to consider when selecting the right EDI communication method.

A resource catalog is a systematically organized repository that provides detailed information about various data assets within an organization. This catalog serves as a comprehensive inventory, documenting the metadata, location, accessibility, and usage guidelines of data resources. The primary purpose of a resource catalog is to facilitate efficient data discovery, governance, and utilization.