Finance

Data Management

Cloud Modernization for Comprehensive Financial Services Provider

  • A Forbes’ 2024 World’s Best Insurance Firm
  • 80+ years in insurance and financial services across 14 Western and Midwestern states

Business Need

  • Assessment, strategic roadmap, and migration/modernization of on-premise integration platform (PowerCenter) to cloud (IDMC)
  • Lower maintenance costs: cloud enablement vs on-premise integration platform
  • Enable enterprise migration to the cloud
  • De-risk operability of programs running on legacy technology
  • Consolidate multiple data solutions to single platform for trusted data

Challenge

  • Multiple legacy data platforms – data inconsistencies, poor quality, and highly manual intervention
  • Out-of-support legacy platforms
  • Critical workloads require cloud modernization
  • Custom PowerCenter programs require modernization expertise beyond in-house resources
  • Complex and unique workflows requiring a comprehensive migration/testing strategy for production success

Solution & Results

  • Modernized legacy PowerCenter to IDMC, enabling real-time data integration into a single, cloud-based platform
  • Automatically converted thousands of complex mappings with a 400% efficiency gain via Paradigm’s custom migration accelerator
  • Futureproofed platform and solution for scalable enterprise data integration, enabled resilience and self-sufficiency
  • 8X performance improvement of reusable assets
  • Eliminated infrastructure maintenance costs