2. Analytics Strategy and Execution Framework
Data is a key asset for insurers, but to maximize the business value of this asset, insurers need a business-driven enterprise approach to analytics: an enterprise analytic strategy. Effective IT strategies are designed, built, and executed with a “think big, but start small” approach that defines a strategic roadmap and delivers results tactically proving value project by project within the overarching strategy.
IT organizations often embark on an enterprise analytics effort to build the “all singing, all dancing” enterprise data warehouse. They interview business users about their needs and run off to design a data model to organize the data and start loading data into a data warehouse. But the ...
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