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Insurance companies often face challenges with datasilos and inconsistencies among their legacy systems. To address these issues, they need a centralized and integrated data platform that serves as a single source of truth, preferably with strong data governance capabilities.
This oftentimes leads to shadow IT processes and duplicated datapipelines. Data is siloed, and there is no singular source of truth but fragmented data spread across the organization. Establishing a data culture changes this paradigm. Data democratization is the crux of self-service analytics.
Through this unified query capability, you can create comprehensive insights into customer transaction patterns and purchase behavior for active products without the traditional barriers of datasilos or the need to copy data between systems.
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