The Many Questions that Insurance Organizations Face As They Move Into the World of Information
Data / Information
What data should we use?
Where is the data?
How do we capture and manage big data and unstructured data?
How much data is needed?
What is the quality of the data?
How is this data to be managed?
Are we in compliance with existing and pending regulations around data?
What is MDM and how should we use it?
What is metadata, how is it developed and how can it be shared?
What third party data should we be using for achieving deeper insights into our operation?
Technologies
What are the best technologies and tools for our company?
Do we build, buy, or modify what we have?
Do we leverage Industry Models / Glossaries?
How do we migrate and integrate data?
What tools/technologies are needed to trace, track and obtain the lineage of our data through the organization?
What does a metadata repository do, and do we need one?
Architecture
Top-down, bottoms-up, hub-and-spoke, mirror operational DB?
What new processes are needed to manage data from an organizational standpoint?
Should we employ a Data Warehouse or a Data Lake, or a hybrid of both?
Staff, Organization, and Culture
How do we set up a data quality program?
What should the organization’s Data Governance process be?
Who should lead the organization’s data initiatives and programs?
How do we build a business case for undertaking data initiatives?
Does the organization have the proper skill sets to move the company into the digital world?
