下载PDF
SMACL Assurances Launches Data Governance Initiative to Enhance Service Performance
技术
- 平台即服务 (PaaS) - 数据管理平台
适用功能
- 商业运营
用例
- 监管合规监控
服务
- 数据科学服务
挑战
SMACL Assurances, a mutual insurance association of local authorities, was faced with the challenge of complying with Solvency II regulations. These regulations required the company to maintain high-quality business data to reduce the risk of insolvency. The company was also dealing with redundant, erroneous, and duplicate data within its information systems, which could negatively impact policies, claims, marketing opportunities, customer support, and other essential business processes. The senior managers at SMACL Assurances launched a data governance initiative to improve the accuracy of key data sources. They aimed to go beyond mere compliance with Solvency II and improve the overall customer experience through timely, accurate, and relevant information exchanges.
关于客户
SMACL Assurances is a mutual insurance association of local authorities established in 1974. The company is based in Niort in Deux-Sevres and currently employs more than 600 people. SMACL Assurances offers warranties and insurance services to local authorities, associations, and individuals. Like many firms in the insurance industry, SMACL Assurances is expected to address redundant, erroneous, and duplicate data within its information systems. Inaccuracies can have a negative impact on policies, claims, marketing opportunities, customer support, and other essential business processes.
解决方案
SMACL Assurances selected Information Builders’ iWay Data Quality Server for their data quality project. The Server includes a data profiling and cleansing engine that validates and corrects information according to predefined business rules. It also utilizes a data quality “firewall” that prevents erroneous data from entering these systems or spreading across the enterprise. The company set up iWay DataMigrator to handle fundamental extract, transform, and load (ETL) procedures, as well as to trigger the controls in the iWay Data Quality Server as data is loaded. It uses the iWay tools to profile the data and detect procedural deficiencies. iWay Data Quality Server generates a log of executions used in internal reporting, and a log of anomalies that data quality stewards use to track corrections. This two-step process ensures integrity throughout the information lifecycle.
运营影响
相关案例.
Case Study
Remote Monitoring for Environmental Compliance
Emerson wanted to provide a connected environmental analyzer to their customers. They wanted to leverage IoT technologies to provide a software solution that was easy to use, real-time and centralized. Compliance with pollution control board guidelines and the ability to remotely calibrate and troubleshoot these devices was the primary objective. Requirements - Centralized Remote Monitoring. - IoT Based Smart Environmental Analyzers. - Remote Calibration and Troubleshooting. - User Friendly Application. - Reporting & Dashboards. - Compliance with pollution control board guidelines.
Case Study
ELI LILLY ADOPTS MICROMEDIA’S ALERT NOTIFICATION SYSTEM
Pharmaceutical production is subject to a strict set of enforced rules that must be adhered to and compliance to these standards is critically necessary. Due to the efforts of WIN 911’s strategic partner Micromedia, Lilly was able to adopt an alarm notification infrastructure that integrated smoothly with their existing workflows and emergency hardware and protocols. These raw energy sources enable the industrial process to function: electricity, WIN-911 Software | 4020 South Industrial Drive, Suite 120 | Austin, TX 78744 USA industrial steam, iced water, air mixtures of varying quality. Refrigeration towers, boilers and wastewater are monitored by ALERT. Eli Lilly identified 15000 potential variables, but limitations compelled them to chisel the variable list down to 300. This allowed all major alarms to be covered including pressure, discharge, quantity of waste water discharged,temperature, carbon dioxide content, oxygen & sulphur content, and the water’s pH.
Case Study
IoT Solutions Give Commercial Fishing Real-time insights
Technology to support vessels in the commercial fishing industry had not changed significantly since the advent of radar. Over the past 40 years commercial fishing in the United States has continued to be one of the most active, yet regulated industries. The combination of federal regulations and lack of technology created an opportunity for Faria Watchdog to go-to-market with a solution.
Case Study
Digital Transformation of FOSIS through AuraQuantic Platform
The Solidarity and Social Investment Fund (FOSIS), a service of the Chilean Government, was faced with the challenge of standardizing its administrative processes to comply with the new regulatory framework established by the Law of Digital Transformation of the State (LTDE). The LTDE focuses on updating administrative procedures and document management in public administration through digital transformation. It also mandates that all communication related to administrative procedures between different public bodies must be carried out electronically. FOSIS had been using the AuraQuantic platform for over 14 years to automate different internal processes. However, with the introduction of the new LTDE framework, the institution needed to launch an ambitious project to align with the new regulations.
Case Study
Big risks requires big data thinking: helping clients target and prevent fraud
EY's clients are increasingly seeking growth in markets with higher perceived levels of fraud, bribery, and corruption risk. Regulators and law enforcement bodies are intensifying their activities, leading to significant corporate investment in employee training, policy development, and internal audit procedures designed to raise awareness of anti-fraud or anti-corruption policies. Many companies have also increased the use of more sophisticated, proactive uses of forensic data analytics (FDA) capabilities designed to prevent and detect areas of fraud, waste, and abuse. However, traditional rules-based tests and spreadsheet tools are not effective in managing these risks. EY needed a solution that could help them get ahead of the curve and squash potential threats before they escalate.
Case Study
Fresenius Medical Care AG & Co. KGaA optimizes external financial reporting
Fresenius Medical Care wanted to optimize its reporting process, particularly in light of the increased demands made by regulatory authorities on external financial reporting. The preparation of financial reports in accordance with international accounting standards (IFRS and US-GAAP [Generally Accepted Account Principles]) as well as in different currencies (Euro and US dollars) is a very complex and expensive process. The legal importance and reputational value of these standardized quarterly and annual reports for listed companies require the financial reports to be of a consistently high quality. However, the requirements for the structure and content of these reports are constantly increasing, while the submission deadlines get tighter.