Power BI enables Life Insurance Company to accelerate time to insights by 40%

    Client : Life Insurance Company
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    case study
    • Power BI
    • BFSI
    • Data Visualization
    Problem Statement Problem Statement

    The client currently lacked efficient reporting and dashboarding processes due to the complexities and restrictions of an on-premise business analytics platform. Their irregular reporting practices combined with the lack of a solid architectural support have started to impact their business performance, emphasizing the necessity for a streamlined and comprehensive reporting solution.

    Key Challenges Key Challenges
    • Lack of streamlined workflows for creating dashboards and reporting
    • Multiple hierarchies on the on-premises platform impeding the drill-down capabilities
    • Limited ability to thoroughly explore and analyze data for informed decision-making
    • Irregular reporting practices in place causing delays and inaccuracies in decision-making and efficiency optimization
    Solution Implemented Solution Implemented
    • Created a solid foundational architecture based on Azure and combined it with Power BI for seamless data flow and reporting.
    • Designed dashboards for multiple spectra of business users with advanced interactive capabilities like drill-down for geographics and demographics, etc.
    • Specialized actionable dashboards within the Azure + Power BI solution to provide leadership and CXOs with a clear understanding of the sales and distribution department's performance.
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    Business Impact
    • The time required to obtain insights significantly decreased by 40%.
    • Increase adoption of dashboards and insights by 60%
    • Cultural-shift in decision-making from gut-driven to data-backed
    Project Timeline
    • The first set of deliverables implemented in 3 weeks

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