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How Core BTS Helped a Leading Financial Services Provider Elevate Efficiency, Accuracy, and Ease in Data Modeling
Business Situation
For more than 160 years, this Fortune 500 financial services provider has offered financial planning, life insurance, and investment services to millions of customers. The company attributes its holistic approach to insurance and investments as key to helping customers achieve their financial goals—both today and in the future.
When the company sought to optimize the actuarial data models used to develop its insurance policies, leadership recognized that its in-house IT team lacked the necessary data engineering expertise. To bridge this gap, they needed an experienced technology partner to guide them in the right direction.
At the time, the company was building its data models using various Microsoft tools, including Power BI and SQL Server Analysis Services, while also conducting independent research on best practices. However, as these models grew in complexity, performance would degrade dramatically—eventually rendering them unusable. When that happened, the IT team would abandon the failing model and start over from scratch.
Recognizing that a more effective and sustainable approach was needed, company leadership turned to Core BTS.
Our Solution
To help optimize and streamline data modeling efforts, Core BTS provided hands-on training for the company’s IT team, ensuring they could effectively leverage the data tools at their disposal.
We began with a customized, weeklong, on-site training session focused on dimensional data modeling and best practices for utilizing various analysis services. During these sessions, we worked closely with the company’s employees to design a simplified data model based on their current processes.
Following the success of the initial training, the company engaged Core BTS for an additional week of training to introduce CoreAccelerate, our data analytics accelerator.
CoreAccelerate automates analytics development and centralizes all related processes within a single user interface, transforming what was previously a time-consuming, error-prone task into a streamlined, efficient, and scalable solution. The tool enables organizations to build high-performing analytics solutions that grow alongside business needs.
The Results
After seeing the impact of CoreAccelerate firsthand, the company adopted the tool to build out actuarial data models for measuring risk in insurance policies. With CoreAccelerate, the organization can efficiently develop code to digest, analyze, and organize vast amounts of historical policy data while applying detailed criteria for current customers.
Previously, the company lacked in-house data engineering expertise. Now, thanks to CoreAccelerate, even non-technical employees—such as actuaries—can effectively leverage analytics services and develop their own KPI metrics. By automating complex processes, CoreAccelerate enables employees across the organization to focus on driving strategic insights rather than struggling with manual data modeling tasks.
As the partnership continues, Core BTS remains a trusted advisor, helping the company’s development team apply best practices, refine their approach, and expand their use of CoreAccelerate to build multiple data models that enhance operations and drive business success.