Forrester Research’s Ellen Carney Names Compact Solutions Among “Hot Insurance Tech Companies – 2009”
Compact’s C.DIMCTM and C.CFF™ solutions to help insurers manage their complex and silo’d Business Intelligence infrastructures and make better use of their data
June 29, 2009 – In a Forrester Research report dated June 29, 2009*, Ellen Carney has named Compact Solutions one of its “Hot Insurance Tech Companies – 2009.” Compact’s C.DIMCTM and C.CFFTM solutions, the report says, “help insurers more effectively address their IT skills, time, and cost challenges.”
Despite their willingness to spend more on information management in 2008 and to use their data more efficiently, “insurance IT organizations are repeating old habits and building business intelligence systems that mirror the information silos by line and even by product,” explains Carney.
The Compact Data Integration and Migration Console (C.DIMC™) can help reduce the complexity of business intelligence infrastructures, cutting up to 80 percent of the time and complexity to migrate or consolidate data integration processes—whether SQL-based scripts or graphical ETL applications. Compact’s proprietary, patent pending algorithms automatically convert data integration processes from an existing platform into a functionally equivalent application in a target platform. For example, C.DIMC automates conversion of SQL scripts to an ETL platform such as Ab Initio, DataStage, or Informatica, or converts Informatica or DataStage applications to another ETL platform like DataStage or Ab Initio. This allows companies to cut operational costs by consolidating ETL or ELT platforms.
The Compact Compressed Flat File (C.CFF™) solution integrates vast amounts of core transactional data of an enterprise to enable complex analytics faster and at a lower cost than traditional methods. This solution enables Agile Data Integration by very rapid deployment of large transactional data warehouses enabling deeper and more pervasive BI, not possible using traditional methods.
Says Ellen Carney, “The companies noted in this report,” among which Compact Solutions, “underscore fundamental changes in the role that technology will play in the business of insurance in the coming years.”
Pankaj Agrawal, Compact’s Chief Technology and Executive Officer, says, “We are very pleased to be recognized by Forrester Research as one of the hot vendors for the Insurance industry. Recognition by Forrester is a testimony to our deep experience and innovative approaches to solving the toughest data management problems our clients face. Even though recognized by Forrester as a hot vendor for Insurance, the solutions like C.DIMC and C.CFF cut across all vertical boundaries to help companies in all industries manage their core information assets more cost effectively and efficiently.”
Compact Solutions counts among its clients the largest publicly-held personal lines insurer in the U.S.
*"Hot Insurance Tech Companies To Watch In 2009: Q2 Update" by Ellen Carney, June 29, 2009
About Compact Solutions
Compact Solutions is a premier consulting organization focused exclusively on solving the toughest data challenges for information-intensive businesses across the world. Compact specializes in designing, architecting, and deploying high-performance enterprise information management infrastructures to reduce the total cost of ownership for enterprise data warehouse and business intelligence solutions.
A trusted advisor, Compact experts bring deep, highly-sought skills and unique Intellectual Property to every client engagement to accelerate speed-to-value for enterprise data warehousing, data integration, master data management, and business intelligence initiatives. Compact’s unique delivery model blends the best of onsite, offsite, and offshore development options for maximum flexibility and responsiveness to client needs.
For more information, visit www.compactsolutionsllc.com.
CONTACT:
Carine Martinez
708 459 8079
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