There’s an insurance company CTO who is always happy to give me a few minutes of his time simply because it takes him away from the staff meeting on a data warehouse project. “It’s like watching paint dry,” he said. And that summarizes what data warehousing projects have going against them-long implementation times, little interest. Add to that a high failure rate-as high as 90 percent according to a 2000 report on data warehousing by Conning Insurance Research & Publications-and it’s no wonder the data warehouse has long been the red-headed stepchild of most insurers’ IT projects.

But data warehousing projectscan improve the odds of success by using technologies, tools, and lessons learned from those who have failed and those who have succeeded. “There are better technologies and approaches and there are more experienced people; there’s definitely some promise,” said Jack Gohsler, Conning’s senior vice president.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.