Qlik® today announced that insurtech CDL has deployed Qlik Data Integration to deliver real-time data ingestion capabilities to customers of its Kingfisher product, generating significant time savings and reducing its data replication costs by up to 60%.
Kingfisher is a cloud-based business intelligence solution, built to provide CDL’s customers with the on-demand data they need to support sound decision-making and gain competitive advantage. The movement of data between many different sources is a key requirement of Kingfisher, so CDL needed flexible data integration technology that could support multiple source, target endpoints and was compatible with cloud-based storage, such as AWS S3.
To serve its customers with immediate, relevant data when and where it is needed, CDL implemented Qlik Data Integration for high-performance data replication and seamless integration of insights with all major analytics platforms.
The near real-time data ingestion capabilities of Qlik Data Integration have been integral in ensuring insights are rapidly available, enabling CDL and its customers access to 100Tb of data within minutes – something that could have previously taken up to 24 hours.
“Operating in a highly competitive environment, our customers want to be able to make data-driven decisions, so they need near real-time dashboards to enable complex analysis around product performance and pricing,” said Keith Shepherd, Lead Business Development Manager at CDL. “Kingfisher’s key focus is therefore on the delivery of near real-time data to drive business insights and value.”
As a SaaS provider, CDL needed to be able to deliver the same functionality to all its customers – ranging from start-ups and SMEs, to large, global financial services companies. CDL investigated a number of data replication offerings on the market and conducted proof of concept and performance tests. Qlik Data Integration was chosen as it offered a vendor neutral solution, supported a large number of source and target endpoints, and allowed CDL to achieve its goal of facilitating near real-time customer access to data.
CDL has now consolidated its data replication tools from three products to just one, resulting in considerable time and cost-savings in comparison to previous enterprise offerings, driving customer value and improving return on investment for the insurtech firm.
“In a competitive marketplace, real-time decision making is key. Kingfisher removes the guesswork, gives our customers the ability to understand what is really happening and enables proactive fine tuning of processes, products and pricing,” continued Shepherd. “Making sense of vast volumes of data is one of the main challenges businesses face today. Assisted by Qlik Data Integration, Kingfisher gives our customers the ability to compete effectively and derive value in their fast-changing environment.”
“The ability to access data when and where it is needed is vital in today’s competitive personal lines insurance market,” said Adam Mayer, Senior Manager for Qlik. “By putting real-time insights directly into the hands of its customers, CDL is enabling its customers to take informed actions and transform business outcomes.”
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