Building and Optimizing Data Strategies in the BFSI Industry

Insurtech Story Podcast

Jul 3 2024 • 24 mins

In this episode, we explore how institutions in the Banking, Financial Services, and Insurance (BFSI) industry can develop and optimize their data strategies to unlock the full potential of their data assets. We discuss the key components of robust data strategies, the importance of data governance, and the transformative role of advanced analytics and AI. Our conversation includes practical approaches and a tailored roadmap for organizations at different levels of operational maturity. Join us as industry experts share insights and best practices to help BFSI institutions drive innovation and achieve operational excellence through data-driven decision-making.

Points of discussion:

1.What are some of the key problems that the insurance industry is trying to solve with AI and Analytics?

2.How can insurers leverage advanced analytics and AI to transform raw data into actionable insights, and what are some real-world examples of successful implementation?

3.What challenges do insurance organizations typically face when developing and optimizing their data strategies, and what steps can they take to overcome these barriers and enhance their data governance, management, and utilization practices?

Speaker Bio: Shiraz Ritwik, is the Head of BFSI, CPG & Hospitality Growth at LatentView Analytics. Shiraz is an accomplished business consultant and analytics professional, currently leading BFSI & CPG & Hospitality Growth at LatentView Analytics. With a global presence in the US, EMEA, and India, he has helped Fortune 100 companies in sectors like BFSI, telecom, retail, and CPG achieve significant business impact. At LatentView Analytics, Shiraz drives AI/ML transformation for Fortune 500 organizations, helping them meet their data and AI objectives. His expertise spans marketing strategy, supply chain analytics, strategic sourcing, and IT outsourcing. A pioneer in data strategy for Financial Services, Shiraz also excels in converting data into actionable insights, revolutionizing the CPG sector's innovation approach.