Insurance Data Mastery Solution Spectrum

December 4, 2008

Abstract

New York, NY, USA December 3, 2008

In the broad space of data mastery, where insurers may turn to many vendors for help, understanding each vendor’s solution in the context of a specific initiative is a challenge.

The phrase "data mastery" covers a broad range of technology solutions, including data warehouses, data marts, extract, transform, load (ETL), customer relationship management, unified presentation layers, and business intelligence. Good data mastery will help a company find areas for increased efficiency and cost reductions. When all signs point to an increase in industry regulation, a good solution to view and understand data will be crucial for compliance.

In a new report, Insurance Data Mastery Solution Spectrum, Celent profiles and positions 24 vendor solutions. Details on each vendor’s solution are presented in short profiles designed to help insurers quickly assimilate information about this complex space in order to determine which vendors are likely to be relevant to their specific initiatives.

"Many data mastery projects undertaken by insurers do not necessarily end in failure, but they do not achieve the end goals of true business intelligence," says Jeff Goldberg, senior analyst with Celent’s insurance group and author of the report. "Working with a vendor does not mean an insurer gives up control over the domain content. A good vendor will make it easy to customize business intelligence content for a particular company’s needs."

This report is designed to help insurers understand the general "vendor space" for data mastery solutions and to provide an overview of the capabilities, areas of focus, and characteristics of leading solutions. The report is a companion to a recent report, Insurance Data Mastery Strategies.

The 50-page report contains 24 vendor profiles, five figures, and one table. A table of contents is available online.

of Celent's Life/Health Insurance and Property/Casualty Insurance research services can download the report electronically by clicking on the icon to the left. Non-members should contact info@celent.com for more information.  

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

New York, NY, USA December 3, 2008

Executive Summary 3
Introduction 5
Data Mastery Overview 7
  Data Sources 8
  Data Repository / Data Mart 9
  Data Exchange / ETL 9
  Analytic Tools 10
  Analysis Server 11
  Business Intelligence Content and Reports 11
  Business Intelligence Presentation 11
  Primary Architectures 11
Platform Vs. Presentation 14
Buy Vs. Build 16
Data Mastery Vendors 18
  Changes to the Vendor Space 18
  Vendor Overview 18
  Actuate: Actuate 9 19
  CSC: Business Intelligence Solutions 21
  Full Capture Solutions: FCSi Semantic Suite 22
  IBM: IBM Information on Demand Solutions 24
  Informatica: Informatica Solution Set 25
  Information Builders: Insurance Reporting Foundation 26
  Innovation Group: Innovation CLEAR 27
  Innovative Systems: i/Lytics 28
  Insight Decision Solutions: Insight Enterprise 29
  Insightful: Insightful Miner and S-PLUS 32
  Insurity: Reporting Decisions 32
  iPartners: Insurance Scorecard 33
  Microsoft: Microsoft Business Intelligence 34
  Millbrook: Millbrook Information Suite 34
  Moore Stephens Business Solutions: Insurance Analytic Framework 35
  Oracle: Oracle Business Intelligence Solutions 36
  PolyVista: Automated Insurance Discovery 37
  SAP Business Objects: Insurance Analytics Solutions 38
  SAS: SAS Insurance Intelligence Solutions 39
  SunGard: SunGard iWorks EAS 41
  Sybase; Sybase IQ 42
  Teradata Corporation: Enterprise Data Warehouse 43
  Universal Conversion Technologies: Data Conversion Architect 44
Conclusions 47

 

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