Shriram Life Insurance : Shrilife TAKE-Insight

A s a part of its IT initiative, Shriram life insurance was looking for a
comprehensive analytic product that would provide timely reports, analytical
capabilities, etc. They approached TAKE solutions which offered TAKE-Insight, an
analytics and dashboard product.

This solution was basically developed for the senior management of the company
who can assess the companies business performance through various charts by
comparing the data from various intervals and can take necessary action.

The difficulty that was faced during its implementation was that TAKE-Insight
uses OLAP cubes and the base transaction data did not had a maintained history
of status of the transactions. Hence issues were faced while the creation of the
cubes.

After the deployment of the project, MIS reports generation and consolidation
time reduced from 7-10 days to one day. Various business data are represented as
meaningful charts,graphs, gauges and other formats concurrently. Users are able
to perform root-cause analysis to reach the core of a specific business problem.
The project has also enabled monitoring of the performance of critical areas in
insurance business at all times regardless of location through the web. This
conversion of complex data into meaningful formats have contributed in taking
business decisions with a better efficacy.