Monthly Archives: July 2011
Effective Data Management Strategies for Solvency II Compliance
Recent announcements by the European Parliament to delay Solvency II implementation deadlines to 2014 are in the headlines as European insurers are seen as being ill-prepared for the minimum capital requirements that will be brought in by Solvency II regulation. A big reason for this stems from the data requirements and challenges companies face to ensure proper regulatory reporting and accurate risk calculations to guarantee compliance.
Complying with Solvency II has the same level of data challenges as did Basel II in the global banking industry as insurers set out to improve how they monitor and measure risk. Many are investing in risk scoring systems, data warehouses, business intelligence, and analytic applications to support their needs. Unfortunately, years of standalone business units, legacy underwriting, policy management, claims, and pricing systems, lack of proper technology to integrate, govern, and share critical data present critical business issues may further delay companies from meeting even these new deadlines. (more…)
Informatica Marketplace’s First Birthday
On Monday, 1st August we are celebrating the Informatica Marketplace’s Fist Birthday.
View the webcast to find out how it has become the trusted destination for data integration solutions. The webcast will give you the opportunity to:
- Hear and watch Informatica leaders discuss the value of the Marketplace for data integration professionals.
- Hear a Customer share their story on how the Marketplace has helped them be more productive.
- Listen to a Partner’s experience of how their presence on the Marketplace has impacted their business.
- See highlights of the re-designed website as the Marketplace scales to meet customer demand. (more…)
Don’t Forget The Legacy Applications After Data Center Consolidation
As part of their cost cutting program, organizations are consolidating data centers and the applications within them. Federal and state agencies in the public sector are among those where IT consolidation and moving applications to the cloud are top priorities as part of an overall goal to increase efficiencies and eliminate costs. In other industries, many consolidations are also under way due to mergers and acquisitions and other cost cutting initiatives. As you plan or undergo a consolidation project, you also need to plan for the retirement of legacy, redundant applications that are left behind.
Twice The Fun With Data Replication
Or three, four, five times the fun!
Today we announced the addition of innovative data replication technology, which comes from WisdomForce (welcome to the Informatica family!).
Customers have diverse needs and along with our current offerings, our new solutions deliver Universal Data Replication.
I’d like to highlight a few key sections of our press release: (more…)
Building A Business Case For Data Quality: Create The Business Case
Building A Business Case For Data Quality, 7 of a 7-part series
Finally, you need to create a business case and present the finding of the data quality checkup. There are two levels of presentation that typically take place after the data quality assessment. The first is a technical presentation to IT giving all the details of completeness, conformity, consistency, accuracy, duplication, and integrity characteristics of the data. IT needs to understand the types of issues in order to figure out what needs to be repaired and have an idea what can be fixed and what it might cost.
The more important presentation is what impact these issues are having on the business. Does the lack of accuracy in the data affect the accuracy of business decisions? How does the completeness of the data affect insurance ratings, loan applications, or well drilling decisions? Are your customer’s committing a crime? (more…)
Data Analysis and “Error Forensics”
My last post looked at busting one myth bandied about by those data quality consultants promoting the “manufacturing quality” line – that data profiling tools do not add value to the information quality process. I object to the common reaction that tools don’t fix your problems, people do. Don’t get me wrong: I definitely believe that most data flaws are rooted in process problems. I just disagree about the utility of software in finding and eliminating the root causes. The last post described how data profiling tools help narrow the scope to determine where the problems are introduced. This post looks at what you can learn from the data values themselves.
What Will the Software Industry Look Like in 3, 5, Even 10 Years From Now?
Recently Informatica’s Chairman and CEO Sohaib Abbasi was asked to provide commentary on the future of the software industry for SIIA’s annual Vision from the Top. The paper includes input from industry leaders from SIIA members such as Eloqua, GoodData, InsideView, Intuit, Marketo, Opsource, QlikView, Symantec and Xactly. In the the paper, he outlines how “the computer industry will be shaped by the current nexus of megatrends: Cloud Computing, Social Computing and Mobile Computing.”
Here is Sohaib Abbasi’s answer to the question: “What will the software industry look like in 3, 5, even 10 years from now?” (more…)
Why Is Reference Data A Big Issue Today?
Karen Hsu shares why reference data is a big issue today and how Informatica helps customers better manage risk and comply with new regulation.
For additional research on reference data trends, see the following report from Aite Group:
Reference Data Acquisition Challenges: Getting it Right From the Start
Big Data Unleashed Part 4: What Does “Mobile” Have To Do With Big Data?
In my last blog, I discussed five areas of considerations for your information management agenda with Big Data. In the next three blogs, I will discuss how three secular trends, namely, Mobile, Cloud and Social are driving the evolution of Big Data. In this blog, part four of the series, let’s explore “Mobile”. There are many reasons why people are fascinated by the impact of mobility. According to Applied Mobility of Tech Trends 2011 by Deloitte, consumer interest in smartphones, tablets and untraditional connected devices such as set-top boxes, telematics, video games and embedded appliances is growing faster than any other product segment, with a projected growth of 36%. This staggering growth in mobility is driving the production and consumption of Big Data in three ways:
- People and devices are generating far more transaction data than before as it is cheaper and simpler to complete any transactions – buying books in a cafe with your iPad or completing banking transactions with a BlackBerry. Transaction data growth is accelerating as more enterprises are adopting smartphones, tablets and other mobile devices, following the consumer trend. (more…)
Protecting Healthcare Data
Richard Cramer, Chief Healthcare Strategist at Informatica talks about protecting healthcare data in non-production testing environments.
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