Great Eastern is investing big into its data analytics capabilities as it is aiming to enlarge the role of data in its corporate decision-making. Early this year, the leading insurer created a center of excellence to study and apply data analytics to the company's operations. This center is working on improving the company's capabilities in data science, data governance, and data engineering.
Great Eastern has created a robust data quality management and data governance system. The company is training more data stewards to ensure that the compliance across the organization is all safe and protected. It also seeks to build a data-centric culture by encouraging employees to monitor their employees using data analytics before beginning the development process for a new digital product.
The company has built up a significant number of dashboards, and their usage is relatively high. Besides, it took a decentralized approach in order to encourage more employees to incorporate data into their jobs. Data analytics will play a more significant role in Great Eastern's relationships with its agents and customers. It will help in promoting data analytics in every leading company.