information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

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109 207 246 Dark 1 255 255 255 Light 1 131 56 155 Dark 2 0 99 190 Light 2 85 165 28 Accent 1 214 73 42 Accent 2 185 175 164 Accent 3 151 75 7 Accent 4 193 187 0 Accent 5 255 221 62 Accent 6 255 255 255 Hyperlink 236 137 29 Followed Hyperlink 127 175 221 Tata Blue 50% 203 215 238 Tata Blue 25% 179 149 197 Purple 50 % 212 195 223 Purple 25 % 255 242 171 Yellow 50 % 255 249 213 Yellow 25 % 229 205 186 Brown 50 % 248 241 235 Brown 25 % 180 213 154 Green 50 % 214 231 200 Green 25 % 241 240 202 Light Green 50% 251 251 241 Light Green 25% Title and Content Innovations with Data Agility In Insurance Vijaya Deepti Vice President & Head –Global Delivery, Insurance Information Excellence Summit, February 25, 2012 Bangalore http://Informationexcellence.wordpress.com

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Information Excellence 2012 Spring Summit "DATA DYNAMICS""Innovation with Data Agility in Insurance", Vijaya Deepti, TCS

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Page 1: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

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Title and Content

Innovations with Data Agility In InsuranceVijaya DeeptiVice President & Head –Global Delivery, Insurance

Information Excellence Summit,February 25, 2012 Bangalorehttp://Informationexcellence.wordpress.com

Page 2: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Vijaya P H Deepti Profile

Vijaya P. H. DeeptiVice President and Head of Global Delivery Insurance unitTata Consultancy Services Limited.

With an experience of 29 years in TCS, Vijaya Deepti is currently responsible for global delivery for the Insurance unit. She has the additional responsibility to grow UK and European Insurance business. Her experience in delivering large scale transformations, coupled with thought leadership enables her to be a business advisor to CXOs of global insurance corporations.

Her ability to significantly impact the organizational context by bringing innovativeness in her ideas, solutions and approaches along with her strength in building customer relationships has helped anchor the business during the downturns. In recognition for her contribution to the Insurance unit within TCS, Women Leaders In India (WLII) conferred the “Leading Businesswoman Of

The Year” award in Dec 2009. Under her leadership, the unit won a number of large strategic deals, acquired new customers and grew volume by 100% within 2 years of taking charge of the unit. She has been a role model and inspiration for emerging women leaders in TCS and the industry.

Deepti has been a member of TCS Business Excellence Council , responsible for driving TATA Groups’ Business Excellence(TBEM) initiative. She worked as head of Quality Council and has championed various Six Sigma Initiatives within TCS and customer engagements.A quick learner who brings passion and fervor to whatever she does, Deepti is also a change agent. Deepti is a voracious reader who likes to read books on management, leadership, and innovation amongst others and bring these learning to drive positive change within the organization.

Vijaya Deepti has a Bachelor's Degree in Mechanical Engineering, from Bombay, India. She has authored and published white papers and research studies, one of which was on “Effective Risk Management: Risk Analysis Using Enhanced FMEA”. (link?)Deepti is a strong believer in work life balance and encourages this across the organization through effective time management. For customers, Deepti is fondly known for her ability to deliver certainty, for her teams she is the leader who trusts and empowers and for associates in the unit, she is a role model as much for her vision, insights and technical expertise, as for her people management skills.

Page 3: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Customer Centricity drives Agility

Customer Centric Organization and Culture driven by a leader who can cut across Product silos. Focus is on Customer Experience and Customer Perception

Business AnalyticsDigital Strategy

Need Based Selling

Customer

Acquire

Busin

ess A

gilit

y

Retain

Improve

Lead Management

CampaignManagement

Cross Sell-Up Sell

PersonalizedServices

Loyalty RewardPrograms

ServiceDifferentiation

Page 4: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Data Agility – Journey towards Excellence

Sustained Competitive Advantage

Colla

bora

tive

Rela

tions

hips

Actionable Intelligence

Social commerce Social CRM Socially-enabling business processes Socially-enabling and integrating digital assets Integrated multi-channel touch points Location-based services Partner communities Customer communities Employee communities Mobile applications Crowd Sourcing

Relationship-based, Prescriptive Enterprise

Collective intelligence and knowledge management Business & decision processes driven by analytics Integrated “Big Data” with enterprise data and

decision processes Advanced marketing attribution Predictive analytics, simulation and optimization Analytic applications Awareness-to-action capabilities Stream computing analyzing data in motion Expanding Business Intelligence footprint

In-memory analytics

Mobile dashboards and reports

BI for the masses

Sentiment analysis

Social Media footprint expansion (e.g. Twitter)

Social Media functional expansion (e.g. sales)

Collaboration tools expansion (e.g. SharePoint)

Page 5: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Innovations with Data Agility in Insurance

Customer focused Predictive Analytics

• Claims Triaging• Adjuster Assignment

Usage BasedInsurance •Pay-How-You-Drive

Adaptive Data Warehousing •Adaptive Model Driven

Data Agility it is not about technology but the ability to move, process, consume the data within or across the enterprise quickly.

Page 6: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Customer focused Predictive analytics

Claims Triaging and Adjustor Assignment

Insurance Distribution (Understanding customers, targeting the right markets, Hiring and deploying the right agents)

Personalized Claim Handling(Proactively approach thecustomers leveraging the insights derived from claims data)

Personalized claim Handling(Proactively approach thecustomers leveraging the insights derived from claims data)Analyze Online User experiences

Big Data Analytics (Social media, Facebook etc.)

Page 7: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Insurance Telematics in Action

7

Telematics in Action

Telematics in action

Page 8: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Adaptive Data warehousingA shift from Traditional Approach

Acquire and manage data in a way it can be utilized better automate core data warehousing functions

Focus on a business model rather than a physical model as the core of Data warehouse. (Insurance specific models).

Reduce the update cycle of data warehouse

Page 9: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

109207246

Dark 1

255255255

Light 1

13156155

Dark 2

099190

Light 2

8516528

Accent 1

2147342

Accent 2

185175164

Accent 3

151757

Accent 4

1931870

Accent 5

25522162

Accent 6

255255255

Hyperlink

23613729

Followed Hyperlink

127175221

Tata Blue 50%

203215238

Tata Blue 25%

179149197

Purple 50 %

212195223

Purple 25 %

255242171

Yellow 50 %

255249213

Yellow 25 %

229205186

Brown 50 %

248241235

Brown 25 %

180213154

Green 50 %

214231200

Green 25 %

241240202

Light Green 50%

251251241

Light Green 25%

Title and Content

Thank You

Page 10: Information excellence 2012feb_tcs_vijaya_deepti_innovations with data agility in insurance

Innovations with Data Agility In Insurance