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Guidewire Software Announces Data Management and Business Intelligence Products
Guidewire DataHub™ and Guidewire InfoCenter™ address challenges associated with data conversion, business continuity and business intelligence for Property/Casualty insurers
“As insurers continue to modernize their core operating systems, Celent
sees an increasing emphasis on combining the replacement of legacy
systems with data and analytics initiatives. To gain a competitive
advantage, insurers need an agile modern system that integrates
analytics-driven best practices,” said
Guidewire DataHub™ is an operational data store that unifies, standardizes, and stores data from the typical patchwork of an insurer’s systems as well as from external sources. This provides the single source of truth to feed core systems, business intelligence solutions, and downstream systems such as general ledger, regulatory, and tax reporting. DataHub decouples data consumption from data production, thus insulating downstream data consumers from changes in the behavior and configuration of upstream data producers. With DataHub, insurers can more easily retire legacy systems, ensure business continuity during core system transformation, and add new applications in the future.
“Today’s proliferation of data and intensified industry competition has
increased the importance of business insight as a competitive
differentiator for insurers. Yet our research indicates that P/C
insurers see data accessibility and legacy systems as two of the top
inhibitors to fully capitalizing on the power of business intelligence
and analytics,” said
Guidewire InfoCenter™ is a business intelligence warehouse optimized for the Property/Casualty industry to provide information in easy to use formats for business intelligence, analysis, and enhanced decision making. Pre-integration with Guidewire products significantly reduces implementation time, risk and maintenance overhead, allowing customers to focus on configuration for their unique needs. It is compatible with a variety of industry-standard business intelligence tools.
DataHub and InfoCenter are based on
“Our collaboration with insurers over the past 10 years led to a clear
vision for how we can unite core system replacement with enterprise data
management and business intelligence. Guidewire core systems are
increasingly surrounded by pre-integrated smart solutions that help
insurers even more deeply understand and fine-tune their operations,”
said
“We are offering a path for insurers to create a central data
integration hub that unlocks data from individual system siloes and
reduces the maintenance burden from complex point-to-point integrations
and data links,” said
About
1 Guidewire announced its acquisition of
NOTE: Guidewire,
Source:
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Director,
Communications
dstott@guidewire.com