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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont..... Read More
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| How to reuse enterprise data - Part 3 of 6 |
| Written by Colin Whickman | |
| Wednesday, 14 December 2011 | |
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Concluding my thoughts on how to reuse enterprise data...
Transparency and Visibility
Transaction systems are designed to successfully execute business operations, but the transaction data is rarely engineered to support the types of reporting and analysis that business analysts use. Informed decision-making relies on more comprehensive views of data; these views are materialized through the data marts and other analytical environments populated via a data warehouse. Many business decisions hinge on having a large degree of visibility into the knowledge that resides in both operational and analytical systems. For example, understanding climatic risks is necessary in order to purchase reinsurance. The same holds true for analyses of other commonly-used concepts.
Enabling a high degree of visibility into any
commonly-used data concept means more than just data accessibility.
Integration of similar data concepts from across different data sources
requires transparency – processes that ensure the data sources are
compatible from a structural and semantic perspective. It is through
this characteristic that one can determine whether two “policy” data
sets refer to the same core concept and are therefore can be combined.
When evaluating data transparency, the concept (and context) of “primary use” must also be considered. While primary use of a data set can be defined as “first in order,” it can also be defined as “first or highest in rank of importance.” Naturally, the business application that originates the data is the primary consumer; however, that application may not be the most important use of the data. If the alternate uses are high in rank of importance, they are also primary consumers. Therefore, it is critical to ensure that measured levels of data reliability and consistency are sufficient to meet all business process needs. This suggests a different way of thinking about soliciting, documenting, and adhering to the data set’s quality requirements. The typical approach to defining data quality requirements only looks at the functional needs of the business process application being designed. In turn the data quality requirements are only defined to meet an acute functional need. In most cases, though, no one considers how data created by one application will be used by other applications. But if the data sets are actually intended to be used by additional alternate business applications, ensuring trust in the reliability and consistency of the data becomes an organizational imperative. It is incumbent upon the system designers to talk to any potential data consumer, to identify their information needs, and to implement the inspection, monitoring, and corrective actions associated with enterprise data quality expectations. Establishing good data quality practices and supporting those practices with the right tools and techniques is imperative to prevent confused semantics, inconsistency, and incoherence. |
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| Last Updated ( Thursday, 19 January 2012 ) |
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