Intelligent CIO Africa Issue 13 | Page 77

POWERED BY INTELLIGENT BRANDS // Software for Business How data can unlock opportunities in Africa’s financial services industry ///////////////////////////// While data is an indispensable part of the business environment, many organisations are still not harnessing its potential. Kelly Preston, Data Analytics Manager at SilverBridge,a provider of insurance software solutions in the African financial services industry, believes that data-driven services will empower insurers to address customer needs more effectively. www.intelligentcio.com A ccording to a McKinsey article examining data-driven strategy, big data and analytics can transform the way companies do business. However, executives need to focus on targeted efforts around sourcing data, building models and transforming organisational culture. They also need to highlight the importance of choosing the right data to provide a platform for this growth. Kelly Preston, Data Analytics Manager at SilverBridge. Kelly Preston, Data Analytics Manager at SilverBridge, said: “Given how the number of data sources have increased in recent years, this is no easy task. Not only do insurers need to contend with emails, contact centre data, web forms and virtual agents, they also need to monitor social networking streams and incorporate telemetry from connected devices. With these [data] streams only set to increase in the months and years to come, INTELLIGENTCIO 77