How Nimbus Nova helped a life insurance company gain strategic insights with an AWS Data Lake and Managed Services
Introduction:
A life insurance company wanted to optimize the use of its existing AWS cloud to improve the way data is collected and calculated for its life insurance policies. The company’s data was being gathered, processed, and analyzed in multiple silos, making it difficult to gain an accurate view of the overall risk and compliance posture. They needed a partner who could help them establish a central repository for multiple data sources and provide managed services to support their business.
Challenge:
The life insurance company faced challenges in consolidating data from multiple silos to gain strategic insights. They also needed to ensure compliance while providing access to data for different departments within the organization.
Solution:
Nimbus Nova worked with the life insurance company to conduct an architectural review of their existing AWS environment. They developed an AWS Data Lake proof of concept that included a central repository for multiple data sources, S3-based Data Lake, AWS Glue for ETL services, AWS Lambda functions, and Elasticsearch. Nimbus Nova also provided managed services, including troubleshooting and break/fix engineering, backups, patching, recovery, security optimization, and SQL server database management.
Results:
With Nimbus Nova’s help, the life insurance company was able to establish a central repository for multiple data sources and gain strategic insights. The AWS Data Lake model is breaking new ground for the insurance industry, going beyond traditional models by including genomic and hyper-individualized data collection. By replacing their former siloed solution, the organization was able to ingest data from multiple, disparate sources and formats, and classify and tag them to facilitate rapid search and discovery of information. Nimbus Nova’s managed services provided a proactive approach to continuous improvement, allowing the company to leverage new and existing capabilities in a secure way.
Conclusion:
By partnering with Nimbus Nova, the life insurance company was able to optimize the use of their existing AWS cloud, improve data collection, and calculation for life insurance policies. The AWS Data Lake proof of concept and managed services provided by Nimbus Nova helped the organization to gain strategic insights and ensure compliance while providing access to data for different departments. If you are looking to gain strategic insights from your data, consider partnering with an AWS consulting partner like Nimbus Nova.
