If you have a legacy system with customized capabilities and valuable features but nearing end of life, refactoring the system is a potential choice for modernization. Insurance platform modernization usually involves one-to-one code migration, which can often be more costly and time consuming than expected and typically tends to miss some of the integration and data architecture modernization that is foundational for getting the full value of digitization.

Today’s AI may be able to pass the Turing test, but I think we can all agree that doesn’t make it human. AI is a tool—a powerful one, but a tool nonetheless. And just like any tool, it can make our work easier, but it can’t do it for us.

What is hyperautomation for insurance? It might sound like just another buzzword, but let’s peel back the layers to see how hyperautomation works. Imagine this: you go on a deep dive to evaluate your insurance company’s processes and operational models. You discover inefficiencies, lag times, and that your team manages transactions with disparate, often manual processes. It’s clear you need a new solution. And the solution you need doesn’t currently exist.

With the explosion of artificial intelligence (AI), innovative companies are harnessing enterprise AI at scale for a variety of business use cases, including repetitive task automation, product and service development, supply chain management, customer service operations, decision-making systems, and more.

A data catalog is a central inventory of organizational data. It provides a comprehensive view of all data assets in an organization, including databases, tables, files, and data sources. Efficiently managing large amounts of information is crucial for companies to stay competitive. This practice is especially applicable to large organizations with scattered data.

In many state and local government organizations, contract management is a manual process that is often cumbersome to oversee. Employees often feel overwhelmed trying to track deliverables and payments and ensure compliance. Manual contract management leads to delays and inefficiencies in procurement processes, resulting in missed opportunities to identify and acquire the right products or services at the best possible cost, which wastes taxpayer dollars.

In today's hyperconnected world, where negative reviews on social media can wreak havoc on a company’s reputation, delivering an exceptional customer experience isn't just a luxury—it's a business imperative. Companies are locked in a fierce battle for customers that is primarily based on their ability to deliver outstanding customer experiences (CX). According to research by The Conference Board, 65% of CEOs globally prioritize investing in strategies to improve CX.

Organizations rely on high-performance data warehouses for storing and analyzing large amounts of data. An important decision in setting up a data warehouse is the choice between Star Schema vs. Snowflake Schema. The star schema simplifies the structure of a database by directly connecting dimension tables to a central fact table. The star shaped design streamlines data retrieval and analysis by consolidating related data points, thereby enhancing the efficiency and clarity of database queries.

Organizations are increasingly turning to business process management (BPM) to boost efficiency and meet aggressive business goals. BPM is a discipline and set of practices that enable organizations to optimize processes for greater efficiency, effectiveness, and business agility. Organizations buy commercial-off-the-shelf (COTS) BPM to facilitate this process. Data and software integration can be time- and resource-intensive with COTS BPM software.

Considering BigQuery vs. Redshift for your data warehousing needs? This guide is for you. Both BigQuery and Redshift stand as leading cloud data warehouse solutions each offering a multitude of features catering to multiple use cases. Google’s BigQuery offers seamless scalability and performance within its cloud platform, while Amazon’s Redshift provides great parallel processing and tuning options.