There is an exponential data growth by 44 times expected in the next 10 years and Insurance IT expenditure on Analytics will increase to $163 Billion by 2019 according to IDC spending guide. By 2018 US will face a shortage of 140,000-190,000 people with deep analytical skills representing ~40% of the total talent demand – Source: McKinsey Global Institute. Global Data Analytics Outsourcing Market is expected to exceed USD $3.3 Billion by 2019 as per Technavio.
Data Analytics is a fundamental requirement of evolving Insurance models. Zensar’s Managed Analytics Centre of Excellence offers:
To help Insurers derive faster value we have built Insurance Reference Models to blueprint the future state enterprise, backed by a deep understanding of the evolving ecosystem of analytics products, and with the right partnerships to drive data science needs. These have delivered a ready to deploy customer analytics solution for Insurers.
Insurers benefit with guaranteed and effective transition from traditional enterprise data warehousing to actionable analytics platform. The process is accelerated though data ingestion tools, rapid delivery of pilots for customer analytics, capital cost savings through analytics PaaS offering, and payments linked to delivered outcomes on business KPIs.
Innovative approach anchored around 3Cs – Context; Convenience; Converse as aspects of digital business, a well established digital platform supported by a strong partner ecosystem and a clear KPI driven execution, with a foundation of well researched PoVs, which help the Insurer derive true business value.
Zensar offers the following delivery models: