| |
| Thought Paper |
| |
Application Portfolio Consolidation Through Master Data Management - A More Rapid Approach |
| |
| Abstract |
Insurance companies have always been at the forefront of adopting new technology
initiatives. However, over time, insurers have amassed a huge portfolio of applications.
The trend of mergers and acquisitions has further added to the complexity of maintaining
applications. While Insurance companies have tried to manage their application portfolios
through application consolidation, until now they have directed their efforts towards
consolidating applications in individual lines of business and not across the whole
organization. Hence, an insurance company dealing with more than one line of business
and products cannot achieve the desired benefits of consolidation, since the data for the
same customer resides in different systems.
This paper describes the potential of Master Data Management (MDM) Solutions to consolidate that data and present a unified view.
|
