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Financial Services Sessions at Informatica World 2013
Data is one of the most important and value assets to banks and insurance companies across the globe to help comply with industry regulations, improve customer experience, find new revenue opportunities, and reduce the cost of doing business. These are universal needs and challenges and Informatica’s industry leading solutions have helped over 780 financial services institutions increase their potential to achieve business success.
At Informatica World 2013, June 4-7 at the Aria Resort and Casino in Las Vegas, Nevada, we will be showcasing a wealth of valuable information to maximize value from your data assets and technology investments. The event includes over 100 interactive and informative breakout sessions across 6 dedicated tracks on (Platform & Products, Architecture, Best Practices, Big Data, Hybrid IT and Tech Talk).
There will also be a financial services path including guest speakers from the banking and insurance industry and from our Financial Services experts including:
- Morgan Stanley Wealth Management: Accelerating Business Growth While Protecting Sensitive Data: Find how Morgan Stanley built one of the largest Informatica platforms to mask and process over 150 thousand objects used by more than 1,000 applications globally and comply with today’s data privacy regulations.
- Wells Fargo Bank’s Data Governance Journey with Informatica: Hear and learn about Wells Fargo’s data governance strategy, program, and how Informatica is used to deliver actionable, transparent, and trusted data to the business.
- Liberty Mutual Insurance: Architecture and Best Practices with Informatica Data Integration: Learn how Informatica Data Integration’s metadata-driven architecture helps scale and support large data volumes and meet enterprise Liberty Mutual’s demands for performance and compliance.
- Addressing Top Business Priorities in Banking and Insurance with MDM: Peter Ku, Senior Director of Financial Services Industry solutions share how Master Data Management is being used in Banking and Insurance to help address top business imperatives from regulatory compliance to finding new revenue opportunities.
Register today at www.informaticaworld.com and I look forward to seeing you there!
Informatica World Healthcare Path
Join us this year at Informatica World!
We have a great line up of speakers and events to help you become a data driven healthcare organization… I’ve provided a few highlights below:
Participate in the Informatica World Keynote sessions with Sohaib Abbasi and Rick Smolan who wrote “The Human Face of Big Data” — learn more via this quick YouTube video: http://www.youtube.com/watch?v=7K5d9ArRLJE&feature=player_embedded
With more than 100 interactive and in-depth breakout sessions, spanning 6 different tracks, (Platform & Products, Architecture, Best Practices, Big Data, Hybrid IT and Tech Talk), Informatica World is an excellent way to ensure you are getting the most from your Informatica investment. Learn best practices from organizations who are realizing the potential of their data like: Ochsner Health, Sutter Health, UMass Memorial, Qualcomm and Paypal.
Finally, we want you to balance work with a little play… we invite you to network with industry peers at our Healthcare Cocktail Reception on the evening of Wednesday, June 5th and again during our Data Driven Healthcare Breakfast Roundtable on Thursday, June 6th.
See you there!
Zoom in to zoom out: The big picture in information management
We’ve been spending a lot of time here at Informatica preparing for Informatica World. That means taking a big step back to take the broader view of all the change happening in the world of information management and data integration today. New data sources and new data technologies are emerging almost daily, and the pace is only accelerating. Our mission is to help our customers and our market not only cope with all this change, but to harness it for competitive advantage.
But even as we’re putting together the latest take on the big picture, we’re also zooming in on the technology “secret sauce” which makes it possible to manage all this change. Informatica has the “secret sauce”– it’s what makes our architecture unique, and it’s what allows us to deliver the most value to our customers.
I’m not going to tell you what the “secret sauce” is now– you have to come to Informatica World to find out. Our executives including Sohaib Abbasi, Ivan Chong and James Markarian will be laying out the big picture, as well as revealing the “secret sauce.” And I’ll be diving in to more details in my Informatica Platform overview breakout session.
I hope to see you in Vegas next month. (by the way, the special hotel rate ends this Friday May 3rd, so register today!)
Evolving from Chaos to Competitiveness: The Emerging Architecture of Next-Generation Data Integration
To compete on Big Data and analytics, today’s always-on enterprise needs a well-designed evolving high-level architecture that continuously provides trusted data originating from a vast and fast-changing range of sources, often with different formats, and within different contexts.
To meet this challenge, the art and science of data integration is evolving, from duplicative, project-based silos that have consumed organizations’ time and resources to an architectural approach, in which data integration is based on sustainable and repeatable data integration practices – delivering data integration automatically anytime the business requires it. (more…)
Why Backups Are Terrible Archives
Businesses retain information in an Enterprise data archiving either for compliance – adhere to data retention regulations – or because business users are afraid to let go of data they are used to having access to. Many IT have told us they retain data in archives because they are looking to cut infrastructure costs and do not have retention requirements clearly articulated from the business. As a result, enterprise data archiving has morphed into serving multiple purposes for IT –they can eliminate costs associated with maintaining aging data in production applications, allow business users to access the information on demand, all while adhering to some – if any known or defined – retention policies. (more…)
Improve Efficiencies in Test Data Management
According to analysts[1], users spend the majority of the application development lifecycle in development and testing and the least amount of time in quality management and documentation. This is probably not very shocking to anyone in QA or on a testing team. But how much time is actually spent on test data management? In a recent webinar, more than half of the listeners polled say they spend between 30-40% of their effort on ‘data related tasks.’ (more…)
A Big Hairy Audacious Vision
Integration technologies have been around for 20 years (as long as Informatica has been in business) and have proliferated in corporate IT. We are now at an inflection point in the business needs and maturity of integration best practices which we can call Next Generation Data Integration (DI). If we’re going to talk about the next generation, then first we need to put a stake in the ground to describe the current, or prior generation. Furthermore, for it to be a “generational” change, it needs to be a significant step-function improvement in how the work is done and in the business value generated by data assets. Or as Jim Collins said in Built to Last: Successful Habits of Visionary Companies, we need a Big Hairy Audacious Goal. (more…)
When was Your Last B2B Integration Health Check?
If you haven’t updated your B2B integration capabilities in the past five years, are you at risk of being left behind? This is the age of superior customer experience and rapid time-to-value so speedy customer on-boarding and support of specialized integration services means the difference between winning and losing business. A health check starts with asking some simple questions: (more…)
Great Interview with Ochsner Health System
HISTalk published a recent interview with Ochsner Health System CIO, Chris Belmont. Chris and his team are great Informatica clients and I really like how he conveyed the benefits of making Informatica the data backbone of their Epic implementation. I can’t say it any better than Chris already has so I’ve extracted a few take-always below and you can read the entire interview here
On the importance of migrating legacy data into the new EMR: “Informatica was critical in getting us there. We learned on the first site. We thought it was a good idea to go in there with an empty slate and say, let’s just build it all from scratch and start with a clean slate. Let’s make sure the record’s in good shape. We quickly realized that was a bad idea. Not just in the clinical areas, but in the registration area.”
On the value of Application Retirement: “That’s going to be a big win for us. In fact, we’re targeting about $13 million in operational benefit when we turn off those legacy platforms. Informatica is going to allow us to get there.”
On not ever being 100% Epic: “We’re watching it, but frankly it will be a while – and I would argue never – that we’ll be 100 percent Epic. A lot of the data that we have that Informatica allows us to get our hands on and load into our warehouse is non-Epic data.”
On the nuggets Informatica is helping them to uncover: “We’re correlating a lot of data, not just from Epic, but I think right now we have like 25 different systems that we’re running through Informatica and into our warehouse. The gold nuggets that are coming out of that data are just tremendous.”
On challenges and opportunities: “It’s going to be, how do we do more with the data we have…having that data in a format that’s easily, quickly, and very accessible is going to be key. Gone are the days where you can throw an army of analysts in a room and say, “Give me this report” and you wait three weeks and they give you something that’s less than optimal. I think the days of, “Tell me what I need to know before I even know that I need to know it” — I think those are the days that we’re looking forward to. With the tools we have with partners like Informatica with their tools, I think we can achieve it.”
Meet Chris and his team in Informatica Booth 5005 during HIMSS 2013.
HIMSS 2013 — right time, right place, it’s on!
Beyond Data Profiling – Part 2
The Easy Button
Basic data profiling, while significantly automating the process, is still a manually intensive effort to perform the detailed analysis. For example, normally you have to go through and select the table or tables that you want to participate in the analysis; configure the profile; and then run the profile, etc. At Informatica, we are going beyond basic data profiling other ways. The first is what I jokingly refer to as the Staples™ easy button. A new feature built on our advanced profiling is called Enterprise Discovery. This feature allows you to point at a schema or schemas and selectively run column profiling, primary key profiling, foreign key profiling and data domain discovery. So with a few clicks of the mouse you can run all your profiling requirements in one step against hundreds or thousands of tables. (more…)