Markets

Markets
Insurance

Insurance

How does DataNovata address these key industry challenges?

  1. Technology - Turning the promise of new technology and big data into commercial successes. This includes capitalizing on the opportunities in mobile and web-based services, using big data and predictive analytics effectively, and overcoming the problems associated with legacy technologies.
  2. Customer focus - The need to create better, more comprehensive customer relationships and make it easier for customers to do business with insurance companies.
  3. Regulation - Operating under multiple regulatory jurisdictions and complying with changing rules with regard to such things as capital requirements, transparency and reporting, and customer interaction.
  4. M&A Integration - realizing the economies of scale from merger activity through streamlining operational systems and management
  5. Alternative investments - Managing more complex portfolios with non-traditional assets in a low interest rate, low economic growth environment.

 

Through Fast, cost-effective Data Modernization

The ease with which DataNovata helps Insurance companies to unwrap legacy and non-core application databases and transform them into a digital platform data application means that, within a short period of time Insurance companies can:

  • Modernize their view of historical data
  • Decommission non-essential systems
  • Preserve distinct books of business in a relevant context
  • Consolidate multiple books where it makes sense
  • Access archived data easily without IT intervention
  • Make older systems interoperable with newer digital applications

The ease and flexibility by which DataNovata transforms data accessibility from legacy to digital platform gives Insurance companies much greater control over their data assets to reduce cost, risk and barriers to investment opportunities.

 

> Solutions

Financial Services

Financial Services

How does DataNovata address these key industry challenges?

  1. Improve customer engagement - These days it’s all about the customer experience, and banks are pressured to deliver the services and technological accessibility that consumers are demanding.
  2. Competition from FinTech - Disruptive Fintech startups that have less regulatory friction to slow them down can exploit opportunities for innovation more rapidly than traditional banks to capture niche market segments.
  3. Regulatory pressure - Regulatory requirements continue to increase, and banks need to spend a large part of their discretionary budget on being compliant, and on building systems and processes to keep up with the escalating requirements, including GDPR.
  4. Privacy and security - Data quality remains an ongoing challenge, with data integrity and security continually compromised by outdated systems, inconsistent taxonomies, inaccuracies and incompleteness.

 

Through Fast, cost-effective Data Modernization

  • DataNovata is a proven, strategic-level initiative to improve data tracing, validation, reporting on a modernized digital platform.
  • DataNovata's secure, customizable application wrapper simplifies inquiry, reporting and auditing of data to meet regulatory compliance. 
  • DataNovata elevates synergies between processes, people and technology to the digital era for improved customer engagement.
  • DataNovata is an important preparatory step to align all of your data enterprise to Block Chain integration.

 

 

 

> Solutions

Property Management

Property Management

How does DataNovata address these key industry challenges?

  1. Manage consolidation - while supporting ongoing tenant values
  2. Modernize technology - to be more competitive, responsive and efficient
  3. Retain tenants - through better customer service
  4. Reduce operating costs - in the face of economic uncertainty
  5. Meet legislative mandates -  in a constantly-changing regulatory environment

 

Through Fast, cost-effective Data Modernization

  • DataNovata can give you access to all your historical tenant records across multiple systems through a consolidated view of your data archive.
  • DataNovata lets you focus on modernization without barriers, accessing information on mobile or desktop digital platform.
  • A DataNovata application will speed up response through fast access to data across the entire history of the tenant relationship.
  • DataNovata significantly reduces the cost of data maintenance through structured archiving and application retirement.
  • As legislation continues to set expectations based a digital economy, DataNovata will help keep your compliance portfolio up-to-date.

 

> Solutions

Public Sector

Public Sector

How does DataNovata address these key industry challenges?

  1. Constrain Public Sector spending - Demands are rising dramatically as populations age, placing more pressure on healthcare and retirement services
  2. Faster service delivery - Digital era trends place increasing expectations on faster service delivery as new consumers embrace mobile and agile technologies, disrupting stable bureaucracies
  3. Plan for mobility - populations and industry structures have greater mobility adding complexity and uncertainty to municipal planning.
  4. Stay on top of the data explosion - The economics of knowledge are being transformed by the explosion of data and the ability to interpret it.

 

Through Fast, cost-effective Data Modernization

DataNovata helps Government and Public Sector accelerate to the pace of digital change:

  • The customizable application generator helps to reduce the number of steps needed to access any historical data records throughout your agency or department.
  • The data consolidation feature lets you import databases that share a common reference into one data repository for seamless cross-departmental access.
  • The application sits under a common license to eliminate application sprawl.
  • The data is hosted on the digital platform of your choice, in the cloud, or your data centre so you have complete control over access and data compliance.

DataNovata is a proven solution for renovating data access from systems of record to a secure, modern, customisable digital data application, reducing operating cost and improving worflows using an Invest to Save financial model.

 

> Solutions

Aerospace

Aerospace

How does DataNovata address these key industry challenges?

  1. AS 9100 standards - Aerospace is one of the most rigorous industries for meeting and exceeding quality management standards across constantly-evolving manufacturing and technological processes. Meeting the challenge of transitioning from old to new requires a constant diligence to interpretation, execution and demonstration of quality.
  2. Plan for product obsolescence - with multiple components in various states of maintenance or upgrade, Aerospace data governance place a heavy burden on IT support for digital records keeping.
  3. Trace Root Cause - serial number traceability to support inspection, replacement and root cause analysis requires unobstructed access to data history.
  4. Single source for production data - supply chain complexity in aerospace design and manufacture adds layers upon layers of data to consolidate a master view of production through a common reference criteria.
  5. Manage regulatory requirements - avoidance of significant penalties the information lifecycle of production data requires older systems to remain active long after their useful lifecycle.

 

Through Fast, cost-effective Data Modernization

DataNovata simplifies your organisation's ability to look at data locked inside disparate systems, to give you more efficiency and control over your data assets, to move your operations to a higher level of accountability and awareness.

  • DataNovata quickly generates a digital, read-only application version of a source database with easy-to-use drill-down enquiry to the lowest level.
  • DataNovata automates the application generation to reduce digital migration typically to 8-12 from receiving the database.
  • DataNovata can consolidate multiple databases into a common application repository to decommission multiple legacy systems of record.

 

  • DataNovata is data accurate and compliant for secure business-user interrogation down to the lowest level of data record.
  • DataNovata applications are hosted by the client within their own firewall and gateway, on their digital platform of choice, with audit, reporting and purging policies all maintained by the user.

 

> Solutions

Pharma/Healthcare

Pharma/Healthcare

How does DataNovata address these key industry challenges?

  1. M&A Integration - realizing the economies of scale from merger activity through streamlining operational systems and management
  2. Risk Management & Mitigation - supporting compliance controls for data quality and data access for record keeping, archiving and inspections.
  3. Adapt to Digital Technology Trends - consumer culture is changing the dynamics of health management with greater collaboration through digital access and data collection methodologies.
  4. Patient Rights to Records - as consumers engage, the data they provide comes with mandates on privacy and rights to information.
  5. Leverage IT for operational efficiency - IT has to bridge global systems, cultures and processes to provide efficiencies that serve the business needs in a complex, highly-regulated industry.

 

Through Fast, cost-effective Data Modernization

The ease with which DataNovata helps Insurance companies to unwrap legacy and non-core application databases and transform them into a digital platform data application means that, within a short period of time Insurance companies can:

  • Modernize their view of historical data
  • Decommission non-essential systems
  • Preserve distinct books of business in a relevant context
  • Consolidate multiple books where it makes sense
  • Access archived data easily without IT intervention
  • Make older systems interoperable with newer digital applications

The ease and flexibility by which DataNovata transform data accessibility from legacy to digital platform gives Insurance companies much greater control over their data assets to reduce cost, risk and barriers to investment opportunities.

 

> Solutions

England (Head Office)

Barlow House, 4 Minshull Street,
Manchester, M1 3DZ, UK

North America

31 Disera Drive, Suite 250
Vaughan Ontario
L4J 0A7

Europe

Cortijada los Rincones de Mizala
Calle Mizala, 1
Sorbas
04270

Asia Pacific

34a Mulyan Street,
Como West, Sydney,
NSW 2226, Australia