data challenges in core transformations...modern core systems legacy systems enterprise data...

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Core transformation from a legacy system to Guidewire InsuranceSuite™ is a complex undertaking. Successful implementation requires the data from both systems to be brought together in order to produce meaningful business insight. As such, the core project inevitably triggers a parallel data project that adds risk and complexity. Data Challenges in Core Transformations

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Page 1: Data Challenges in Core Transformations...Modern Core Systems Legacy Systems Enterprise Data Warehouse InfoCenter STAT Reporting Other Systems (i.e. General Ledger) 3 4 Strategic Foundation

Core transformation from a legacy system to

Guidewire InsuranceSuite™ is a complex undertaking.

Successful implementation requires the data from both

systems to be brought together in order to produce

meaningful business insight. As such, the core project

inevitably triggers a parallel data project that adds

risk and complexity.

Data Challenges in Core Transformations

Page 2: Data Challenges in Core Transformations...Modern Core Systems Legacy Systems Enterprise Data Warehouse InfoCenter STAT Reporting Other Systems (i.e. General Ledger) 3 4 Strategic Foundation

Extractthe rich data from the

modern core systems in a business-meaningful way

Consolidatemultiple data models into a unified set of

records

Translatedata from varied

“producer” systems for use in different “con-

sumer” systems

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To meet this challenge, a comprehensive data solution needs to...

Improvebusiness insight

Accelerateproject delivery and

reduce risk

Achieve

long-term sustainabilityby reducing TCO

TCO

The proper data solution should support these business objectives:

Page 3: Data Challenges in Core Transformations...Modern Core Systems Legacy Systems Enterprise Data Warehouse InfoCenter STAT Reporting Other Systems (i.e. General Ledger) 3 4 Strategic Foundation

Navigating and Consolidating Complex Core System Data Models

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Varied Requirements for Downstream Systems Integration

2

The Importance of Building Key Technical Features

3

Skills Disparity in “Maintaining” Versus “Developing” Systems

4

Choosing the right solution

Two anecdotalD-I-Y use cases

The Challenges of D-I-Y Approaches

A $2b DWP insurer spent$35 million over 5 years

A $175m DWP insurer spent$10 million over 2 years

Page 4: Data Challenges in Core Transformations...Modern Core Systems Legacy Systems Enterprise Data Warehouse InfoCenter STAT Reporting Other Systems (i.e. General Ledger) 3 4 Strategic Foundation

Visit guidewire.com to learn more.© 2016 Guidewire Software, Inc. All rights reserved. Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, Guidewire Insurance Suite, Adapt and succeed, and the Guidewire logo are trademarks or registered trademarks of Guidewire Software, Inc. in the United States and/or other countries. DH_BvB_20160915

DataHub

Modern Core Systems Legacy Systems

Enterprise DataWarehouse

InfoCenter

STAT ReportingOther Systems

(i.e. General Ledger)

3

4

Strategic Foundation for InsuranceSuite Customers

Optimal Division of Labor Between Insurer and Guidewire

1

2

Predefined ETL andData Conformance

Specialized Functions for Data Management

The Advantages of a Product-Based Approach