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Improving Healthcare Insurance 360 degree with Data Lake on Cloud

Friday August 23, 2019, by Brillio

More than 50% of the healthcare executives lack trust in their data and report low levels of self-service in making data-driven decisions, consequently making this issue a high priority for CIOs and CTOs across this sector.

The insurance industry has a data swamp. A single claim could have multiple data points to analyse and interpret. When multiplied across an organization, data sets become so large that on-premises systems are unable to keep pace with volume, variety and velocity.

Healthcare CIOs have also started opting for a cloud-first strategy for new applications and workloads with 47% already using patient data predictive analytics. Technology companies are also evolving their capabilities in this sector to offer advanced solutions in partnership with the cloud service providers. For e.g.: Risk and Pricing Analysis, Fraud Detection, Reimbursement Analysis, Litigation Propensity Scoring etc.

Moving the data lake on cloud promises to offer the differentiating customer experience, digitize underwriting by making data processing faster and cost-effective. By 2021, Gartner estimates, public cloud vendors will process more than 35% of healthcare providers’ IT workloads.

Just pay-for-use

The cloud allows users to pay as per the data nodes used in a cluster with option to increase as per the requirements

Cost-effective data storage and computing

Unlike on-premise environments, the cloud offers separate storage and computing services

Upgrade to a new version of technologies

Most cloud providers introduce new upgrade versions for cloud-based data lake architectures that help users move up to a better software version within few days without impacting their operations.

Meeting compliance and regulatory prerequisites

Big cloud vendors have, over the years, achieved privacy certificates to comply with the privacy policies, and regulatory requirements of companies from the healthcare and finance industries.

About Brillio

Brillio is a leading global digital consulting and technology services company focused on implementation of digital technologies for the world’s leading companies. Brillio uses proprietary methodologies to help customers re-imagine their businesses and competitive advantages and then rapidly develops and deploys disruptive industrial-grade digital solutions using UX design, digital applications, big data analytics, cloud, security and digital engineering. The 2,600+ strong Brillio team is based in twelve offices across three continents and considers world-class customer satisfaction as its true north. To know more, reach out to us at info@brillio.com.


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