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Analytics

Insurance Legacy System Transformation With API Integration: A Guide

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 While this analytical capability remains essential, outdated legacy systems hinder insurers from competing in a rapidly changing market.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.

How To Process and Tokenize Sensitive CSV Data With Integrate.io And Piiano Vault

In today’s digital landscape, securing sensitive information is paramount for industries like fintech, healthcare, and e-commerce. These sectors frequently handle sensitive data such as Personal Identifiable Information (PII), Card Holder Data (CHD), Social Security Numbers (SSN), and Personal Health Information (PHI). Ensuring data confidentiality and integrity is essential for regulatory compliance and maintaining customer trust.

Unlocking Hidden Value: Navigating the Data-to-Insights Gap

Data is the key to better decision-making. Organizations diligently collect vast amounts of data, building data lakes and warehouses to unify it all. The promise is clear - To convert all this data into actionable insights and drive tangible business results. But the reality? Transforming data into actionable domain-specific intelligence and tangible business outcomes remains challenging.

What Is Legacy ERP Modernization? Legacy vs. Modern ERP

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.

Improvements To The Way You Connect Your Data to Databox

Let’s say you want to connect an Integration like GA4, and pull data from 3 different “properties” ( = 3 different Data Sources). Before, that required you to authenticate your Google account 3 times. Now, you’ll only have to log in and authenticate the Integration once. Once you do, you can select the Data Sources within that Integration you want the authentication to apply for.

The Best API Reporting Tools to Consider in 2024

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.

Crafting a Successful Application Modernization Strategy

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.