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 While this analytical capability remains essential, outdated legacy systems hinder insurers from competing in a rapidly changing market.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

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 These initiatives mitigate the risks of outdated technology and position companies to take advantage of new opportunities, such as big data analytics and integration with cloud technologies.

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.

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.

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.

Over 66% of organizations still rely on legacy applications for their core operations, and more than 60% use them for customer-facing functions. This widespread dependence on outdated technology highlights the significant role legacy systems play in modern business environments. Despite their critical functions, these systems also lead to increased maintenance costs, security vulnerabilities, and limited scalability.

79% of organizations acknowledge their increasing reliance on APIs for revenue generation. APIs facilitate transactions, streamline operations, and enhance customer experiences. However, any disruptions or malfunctions in API functionality can have significant consequences. While API testing addresses these issues, API test automation is essential for ensuring APIs function correctly and reliably.