Journey to the Cloud with Precisely
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The document discusses the growing trend of organizations adopting cloud-first strategies, with 85% expected to do so by 2025, while highlighting concerns about data integrity, with 84% of CEOs worried about the accuracy of decision-making data. It emphasizes the need for effective data integration and quality solutions to drive innovation and reduce errors during cloud migration, which is projected to incur $100 billion in wasted spend over the next three years. An example is provided of AAA Life Insurance's modernization efforts, including real-time data management and cloud integration to improve policy processing and customer analytics.
Journey to the Cloud with Precisely
- 1. Journey to the Cloud with Precisely John de Saint Phalle | SeniorProduct Manager
- 2. “85% of organizations will embrace a cloud-first principle by 2025” - Gartner “55% of leaders cite data modernizationas the reason for their shift to cloud” - Deloitte “Approximately$100 billion of wasted migration spend is expected over the next three years” - McKinsey & Company So despite the excitement around getting to the cloud, organizations need to be careful…
- 3. 47% of newly created data records have at least one critical error 68% of organizationssay disparate data negativelyimpactstheir organization 84% of CEOs say that they are concerned about the integrity of the data they are making decisions on Data Trends Survey 2019 Forbes HBR Data integrity is a business imperative
- 4. You need data integrity… data with maximum accuracy, consistency,and contextfor confident business decision- making
- 5. Precisely's solution for all your business demands Consistency Accuracy Context Data Integration Data Observability Data Quality Geo Addressing Spatial Analytics Data Governance Data Enrichment Data Integrity Foundation
- 6. Data Integration Break down data silos by quickly building modern data pipelines that drive innovation
- 7. AAA Life Insurance SOLUTION • With over 1,500,000 active policies, customers have relied on AAA Life to help provide financial protection for those they care about for decades. • The company understood that modernizing every aspect of its business operations, especially core IT systems, was key to providing the innovative applications and services expected by its consumers, partners, and internal team members. • IBM i data is available for in real-time • Future-proofing the architecture so that AAA Life can implement new targets and data use cases seamlessly • Maximizing the investment in IBM i while continuing to innovate and deliver new functionality • Eliminate need for IBM i specialized skills • Connect for DB2 to AWS OBJECTIVE • Policy processing and customer analytics hindered by reliance on multiple disparate computing platforms and applications • Cloud modernization initiative required extensive integration of existing applications and data flows • Dependent upon core business applications and data on IBM i servers and storage systems • Transforming, validating, and migrating extensive volumes of historical customer and financial data for use in cloud computing systems CHALLENGES BENEFITS