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Guidewire DataHub Data Sheet

Manual DataHub

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Valdemir Moreira
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Available Formats
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0% found this document useful (0 votes)
96 views

Guidewire DataHub Data Sheet

Manual DataHub

Uploaded by

Valdemir Moreira
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Overview

Guidewire DataHub
Guidewire DataHub creates a single source of
truth through a detailed transaction
> An insurance-specific data store that unifies,
repository in which internal and third-party
data is subject oriented, conformed, and given standardizes, and stores data from internal
common context. DataHub helps with easy
extraction of data from Guidewire
systems as well as external sources.
InsuranceSuite, consolidation with data from
legacy systems, and publication to
downstream systems. Enabling Successful Business Transformations

P&C insurers have large amounts of data stored in their core systems, ancillary systems,
and data warehouses. This data is used to support core operations across policy, billing,
Benefits
and claims processes as well as to monitor the business and fulfill regulatory
• Reduce transformation risk requirements. However, it can be difficult to get access to the right data at the right time.
Some common challenges include dealing with disjointed data sets, inconsistent data
• Achieve more strategic data collection
models, and incomplete data.
• Reduce costs
Modern core systems generate a lot of data and must be able to share this data with
downstream systems efficiently. This rich data needs to be extracted in a business-
Features meaningful way; consolidated, unified, and conformed with data from legacy systems;
and fed into multiple consumer systems or use cases. Data management is often a very
• Batch daily data extraction from InsuranceSuite costly endeavor for most insurers.

• Data storage, curation, access, and tooling Guidewire DataHub is an insurance data store that captures, standardizes, validates, and
stores data from the typical patchwork of an insurer’s systems and external sources. It
• Ingestion and storage of non-Guidewire
enables insurers to create a single version of the truth through a detailed transaction
customer data
repository where internal and third-party data is subject oriented, conformed, and given
• Data conformance and publication common context. This provides the perfect staging platform to meet the needs of both
data consumers and data producers. Pre-integration with Guidewire InsuranceSuite
• Metadata-driven automation
enables customers to accelerate progress and reduce transformation risk.
Guidewire DataHub

Foundation for a Data-Centric Enterprise


“The DataHub architecture is easy
to use, implementation was fast, The business goals of core system transformations—improved customer service,
increased business agility, and better operational efficiency—are well understood.
and it fits perfectly with
They’re achieved through business process improvements and the application of best
Guidewire InsuranceSuite. practices as guided by the features of a modern core system. Core systems create a large
Integration with downstream proportion of the business-critical data within an enterprise. As a result, the core
implementation also needs to support a number of other key business objectives.
systems was easy to accomplish.”

—Andreas Jud, Product Owner,


Improve Business Insight from Data
Basler Verischerung
Improving business insight today requires more than just operational reporting. It
requires business-relevant data, aggregated across multiple instances of legacy and
modern core systems and combined into a single consolidated, insurance-specific data
model. The analytics required for improved decision-making today comes from a variety
of solutions, including predictive analytics, actuarial analysis, a downstream data
warehouse, and other ad hoc tools. Data from core systems, therefore, also needs to
feed other systems.

DataHub improves business insight by making the right data available to support the
user in the decision of the moment. DataHub enables performant core system data
extraction, consolidation and simplification of multiple core data models, and tooling to
support data translation for downstream systems.

Accelerate Project Delivery and Reduce Risk


In addition to the need for reporting, business intelligence, and analytics, core systems
data must also be fed into a larger data warehouse, a general ledger, re-insurance, CRM,
agent downloads, and other systems. Most customers also need data from core systems
to support regulatory and statutory reporting. This need for system integration tends to
increase over time. DataHub helps address these integration challenges with proper
extraction, consolidation, and translation of modern and core legacy system data.

© 2020 Guidewire Software, Inc. For more information about Guidewire’s trademarks,
visit http://guidewire.com/legal-notices. Document Published: 2020-06-15
Guidewire DataHub

DataHub helps accelerate the transformation initiative by reducing integration


complexity, providing data conformance across source and target systems, and
supporting easy addition and removal of new integrations.

Achieve Long-Term Sustainability


The data needs for an enterprise extend far beyond the initial core implementation
project. Core system data models change, new products are introduced, and new
business units or lines of business are deployed. New systems are introduced in the IT
landscape and need to be integrated with core systems. Over time, systems must
undergo upgrades to take advantage of these innovations.

Curate once, use many times DataHub evolves in tandem with InsuranceSuite and helps rapidly respond to changing
business needs. It provides performance at scale, generates complex and reliable
financial measures, handles asynchronous data transfers, and enables data migration
and retirement of legacy systems.

Guidewire also offers DataHub Services to help customers define, design, and
About Guidewire Analytics implement a data integration strategy to meet their business and technical goals.

Identify opportunities for growth and drive The data challenges associated with core transformation projects create both risk and
intelligent decision-making with a clear opportunity. Guidewire DataHub enables customers to reduce overall transformation
path from data to value, with Guidewire risk and costs while providing long-term sustainability.
Analytics powered by the Guidewire Data
Platform and Cyence.

Guidewire is the platform P&C insurers trust to engage, innovate, and


grow efficiently. We combine digital, core, analytics, and AI to deliver our
platform as a cloud service. More than 380 insurers, from new ventures
to the largest and most complex in the world, run on Guidewire. For © 2020 Guidewire Software, Inc. For more information about Guidewire’s trademarks,
visit http://guidewire.com/legal-notices. Document Published: 2020-06-15
more information, contact us at [email protected].

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