Driving Innovation in Finance Department through Data-driven Transformation

Challenge

With the Insurance industry in the midst of a digital disruption wave, leading insurance players in India are currently focused on digitizing their core business through data-driven transformation. To keep pace with the competitors and accelerate innovation, our client - one of India’s leading general insurance companies with a wide range of products in commercial spaces like health, home, travel, auto, etc., was keen to accomplish implementation of a complete 360 data insight solution.

The idea was to create a data pipeline solution that would address the significant increase in volume, velocity, and variety of data being created, which constantly added new levels of complexity. Some of the major challenges created by the large sets of data included negligible standardization, higher turnaround time, and discrepancies in critical data. The problem was compounded by low transparency in the overall process flow.

Download our case study to know how NSEIT experts helped the client to do away with their data woes and transform the finance and MIS department with data driven transformation.