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“You can match a blood transfusion to a blood type - that was an important discovery. What if matching a cancer cure to our genetic code was just as easy, just as standard? What if figuring out the right dose of medicine was as simple as taking our temperature?” With these lines, Obama, the former President of the United States, launched the Precision Medicine Initiative on January 30, 2015. The initiative also known as personalized medicine emphasizes the need to have tailor healthcare for each individual, considering individual differences in genes, environments and lifestyles. Today, when a person is diagnosed…
Posted by Vijayalakshmi Raj
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June 15th, 2018
During one of the major milestone meetings of a PAS (Policy Administration System) implementation project, the CIO of the client addressed the PAS implementation team. His opening statement was, “Do you know the single most important item that keeps me awake in the middle of the night…” With a short pause he looked at the audience and completed his statement Data Migration. It was the early days of our career and we just kept guessing why he singled out Data Migration as his most challenging piece in the complex world of PAS implementations. Years later, working on multiple data migration…
Posted by Premgopal Nair
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April 23rd, 2018
Culture eats strategy for breakfast...a pretty catchy phrase and I simply loved it, the first time I came across it. But the next thought was, what does it really mean? And more importantly what would it take to inculcate this or as we popularly say, what would it take ’to walk the talk’? The phrase was coined by Management Guru Peter Drucker. It means that no matter the strategy an organization has in place, the success and benefits of it can only be secured by the effectiveness of its implementation. This is primarily driven by the people implementing it, the…
Posted by Kumaran
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March 22nd, 2018
In today’s world everything is getting connected and integrated. From heavy equipment, human beings, factories, automobiles to hospital equipment and bikes, the extent of connectivity has increased dramatically over a span of few years. The technology advancement that has happened in the recent years including sensors, analytics, cloud etc. has helped the world get connected efficiently and effectively in an agile manner. In this pursuit of attaining connectivity, world has undergone a cultural and technological change that is ready to accept things that communicate with each other, things that sense the surroundings and things that predict the future. All this…
Posted by Nisanth Thomas
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March 14th, 2018
As per a 2017 Gartner report, Policy Administration System (PAS) implementation & legacy modernization are few of the key areas that Insurance companies are focusing to improve customer experience and to enable self-service for the policyholders. Insurers are also increasingly leaning towards configurable, rule-based, commercial-of-the-shelf (COTS) packaged solutions like Guidewire InsuranceSuite versus building in house applications. This reduces the implementation costs and accelerates time-to-market. Depending on the number of LOBs, products, and geographies in scope, carriers could save anywhere from 6 months to 2 years with the packaged implementations. In typical PAS projects, software testing constitutes around 25-30% of overall…
Posted by Subbu Bestha
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February 21st, 2018
During 2017, we saw headlines of RPA projects failing by 30 - 50% and a good insight by HfS Research & Hexaware Technologies (The State of Automation & AI) showing some of the probable causes. My own experience is based on conversations with COOs on their RPA strategy and I am invariably greeted with ‘Yes, we have that under control and everything is going on well’. My next question goes along the line of ‘So your operational budgets must have reduced significantly’ which causes a pregnant silence followed by ‘… Well, no it has probably gone up … but it’s…
Posted by John Geoghegan
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January 25th, 2018
On-boarding Artificial Intelligence - A Reality Check Recently, iPhone 8 was launched with much fanfare. There were advertisements all over the places during this festival season announcing its arrival and availability. Apple is emphasizing on 4 differentiators in the new iPhone, namely All-glass design, Advanced cameras, Wireless charging and A11 bionic chips. Coming from the stable of Apple, these are all bleeding edge innovations. While the first 3 are straightforward, what caught my attention was the coming-up the age of mobile computing chips as a major differentiator. On further diving-in, I somehow feel it is evident that this product will…
Posted by Chinmoy Misra
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November 28th, 2017
Few businesses stand to gain as much from automation as insurance companies, but few businesses encounter as many challenges when they try to implement it. This is why we bonded together with our partner WorkFusion, a leading SaaS based automation solution platform that lets enterprise leaders digitize their global operations, to host "Beyond RPA: Optimizing standard RPA and the path to Intelligent Automation in insurance operations," a webinar that focused on how the latest generation of RPA (which incorporates cognitive automation capabilities) can transform claim processes, an area that is too complex for traditional RPA. Our and Workfusion‘s goal was…
Posted by Shishir Vahia
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October 26th, 2017
Three observations: 1. A few months ago, there was a curious article doing the rounds: Programmers who use spaces to indent their code are paid 9% more compared to programmers who use tabs. This result held, even after controlling various factors, such as: the programming language, numbers of years of experience, country etc. Now, let’s observe what is going on here.   2. Anecdotally, we have all seen programmers who are orders of magnitude more effective than others in achieving their tasks; this sets up a virtuous positive feedback loop, where the effective programmers are recognized and rewarded, and that,…
Posted by Krishna Kumar
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October 26th, 2017
Part 4 (This is fourth and final in series of a 4 parts essay Blockchain 101. For previous articles, please click part 1 , part 2 & part 3) Some Killer Blockchain Apps Blockchain has tremendous potential in the banking sector and other emerging industries. Let’s take a look at some of the typical banking sector applications: Land Records 70% of land titles are tenuous in the world. Immutable land records can be created by providing protection to marginalized land-holders like farmers in India. Colored coins are top-of-stack innovations that exploit a blank field within each Bitcoin, to record unrelated…
Posted by Rahul Sharma
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July 18th, 2017
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