Business Intelligence Solutions Crucial to Overall Business Strategy

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Leveraging BI tools important for following different data strategy paths in parallel; Novarica profiles 18 solution vendors

Boston, Mass. (Nov. 7, 2017) – Over the past decade, insurers have shifted from ignoring BI and data strategy to making them a significant part of their overall business strategy. However, many carriers struggle with emphasizing all the important aspects of BI; some focus only on data warehousing and basic reporting, and others get stuck on data governance and process, failing to provide real business value. In its latest Novarica Market Navigator, Business Intelligence Solutions for Insurers, research and advisory firm Novarica outlines the current market for business intelligence software solutions to help insurers understand their options.

“It’s critical to consider all of the paths of a data strategy when deciding how to utilize data for business growth through business intelligence tools,” said Jeff Goldberg, Senior Vice President of Research and Consulting, and co-author of the report. “By leveraging a mix of investments in internal build-out and vended solutions, insurers can progress down the different data strategy paths in a parallel, improving data and analytics capabilities and providing real business value along the way.”

Business Intelligence Solutions for Insurers 2017: Novarica Market Navigator

Business Intelligence Solutions for Insurers 2017: Novarica Market Navigator

The report provides detailed profiles of 18 vendor solutions that include information on each vendor’s capabilities, technology, and market position. Vendors profiled include: 4Sight Business Intelligence, Cloverleaf, Duck Creek Technologies, Infogix, Information Builders, Infosys McCamish Systems, InsFocus Systems, Insight Decision Solutions, Insurity, Intellect SEEC, Majesco, Policy Administration Solutions, S&P Global Market Intelligence, Semantify, SpatialKey, Verisk ISO, and Zensar.

Purchase the full report: Business Intelligence Solutions for Insurers.

About Novarica

Novarica helps more than 100 insurers make better decisions about technology projects and strategy through retained advisory services, published research, and strategy consulting. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and of more than 300 CIO Research Council members, Novarica provides clients with the ability to make faster, better, more informed decisions. Its consulting services focus on vendor selection, custom benchmarking, project checkpoints, and IT strategy. More information at novarica.com.

Source: Novarica

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