UNION INSURANCE COMPANY CHOSE THEIR OPTIMUM DATABASE SYSTEM
Finance and Insurance
In the IT world, databases are far from the most dynamic product categories. It is therefore quite common for companies to use the same database system for data storage for several years. That is why the management of Union poisťovňa decided, as part of the technology lifecycle management, to analyse and evaluate the prospects of their existing database system and consider replacing it with a more modern solution.
Case study was published 18.01.2019
Requirements
- Strategic assessment of the presently used database platform and its prospects for the next 5-7 years
- Consider the prospects of the developer tool used for software development in the database system environment
- Create an analytical document for a strategic management decision regarding the future use of the database platform and the software developer tool
Solution
- Gather key information from vendor’s representatives
- Collect information from vendors of competitive products
- Comprehensive analysis of the findings
- Assessment of the situation in the defined areas
- Predictions of the future development and its impact on the company
Results
A thorough analysis of available sources assessing the current situation from the point of view of future development and evaluating the source relevance
Depicting the degree of risk and impact on the analysed areas
An analytical document for a strategic management decision either to keep the current database solution or transition to a competition system