Title
Building scalable actuarial services
…Us Try Databricks Customer Stories / Milliman PRODUCT SPOTLIGHT: UNITY CATALOG Building scalable actuarial services 10x Reduction in data storage costs Improved Collaboration among employees and…
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Title
Building scalable actuarial services
…Us Try Databricks Customer Stories / Milliman PRODUCT SPOTLIGHT: UNITY CATALOG Building scalable actuarial services 10x Reduction in data storage costs Improved Collaboration among employees and…
Description
Milliman, an international actuarial and consulting firm, modernized its data infrastructure on the Databricks Data + AI Platform with Unity Catalog to ingest billions of healthcare and insurance data records and build actuarial and machine learning models. This delivered a 10x reduction in data storage costs, improved cross-cloud collaboration, and improved compliance through centralized, fine-grained auditing.
…nsistently been an early adopter of technology to help it accomplish its goals. Using the Databricks Data + AI Platform, Milliman modernized its data infrastructure and was able to ingest billions of healthcare and insurance data used by downstream users and clients, and build actuarial and machine learning models to analyze the data. Data sprawl limiting visibility and collaboration As with many companies, the v…
…Milliman PRODUCT SPOTLIGHT: UNITY CATALOG Building scalable actuarial services 10x Reduction in data storage costs Improved Collaboration among employees and with clients Improved Compliance wit…
Company
Milliman
…lients Improved Compliance with centralized, fine-grained auditing capabilities Milliman is an international actuarial and consulting firm based in Seattle. The 75-year-old organization focuses on healthcare, casualty, life insurance an…
Industry
Financial Services
…illiman meet stringent healthcare compliance standards. Share this post Details Industry : Financial Services Cloud : AWS , Azure Product : Delta Lake , Agent Bricks , Unity Catalog Ready t…
Country
United States
…lients Improved Compliance with centralized, fine-grained auditing capabilities Milliman is an international actuarial and consulting firm based in Seattle. The 75-year-old organization focuses on healthcare, casualty, life insurance an…
Problem
As with many companies, the volume of data Milliman collects has grown exponentially over the years. And with data residing on both AWS and Azure, it became increasingly difficult for the company to keep track of what data it had, where it was located and who had access to it. Data access was also often limited by office and regions, which made it difficult for employees from different offices to collaborate and hindered potential innovation.
…s, the volume of data Milliman collects has grown exponentially over the years. And with data residing on both AWS and Azure, it became increasingly difficult for the company to keep track of what data it had, where it was located and who had access to it. Data access was also often limited by office and regions, which made it difficult for employees from different offices to collaborate and hindered potential innovation. Milliman wanted to reduce data sprawl, enhance data security and governance acr…
Solution
Milliman leverages Databricks Data + AI Platform to unify data, analytics and AI use cases on a single platform, which simplifies data operations and accelerates time to value. To simplify data governance, Milliman leverages Unity Catalog and benefits from a companywide data catalog with centralized access controls and fine-grained auditing capabilities.
…aboration and engagement. One true copy of the data with centralized governance Milliman leverages Databricks Data + AI Platform to unify data, analytics and AI use cases on a single platform, which simplifies data operations and accelerates time to value. To simplify data governance, Milliman leverages Unity Catalog and benefits from a companywide data catalog with centralized access controls and fine-grained auditing capabilities. Since with Unity Catalog, access controls are directly tied to the user identit…
Business value
As a result, the company saw a 10x savings in data storage costs. Unity Catalog has improved how Milliman employees work together by enabling just-in-time collaborative data exploration across clouds or regions, and helps Milliman meet stringent healthcare compliance standards.
…eliminating data duplication, and reducing storage requirements and complexity. As a result, the company saw a 10x savings in data storage costs. Unity Catalog has improved how Milliman employees work together by enabling just-in-time collaborative data exploration across clouds or regions. It’s also helped the company improve data security by allowing it to identify d…
AI capabilities
Predictive Analytics
…ions of healthcare and insurance data used by downstream users and clients, and build actuarial and machine learning models to analyze the data. Data sprawl limiting visibility and collaboration As with many companies, the…
Technology
Unity Catalog, Delta Lake
…ards. Share this post Details Industry : Financial Services Cloud : AWS , Azure Product : Delta Lake , Agent Bricks , Unity Catalog Ready to get started? Try Databricks for free Learn more about our product Talk…
Deployment model
Multi-cloud (AWS and Azure)
…are compliance standards. Share this post Details Industry : Financial Services Cloud : AWS , Azure Product : Delta Lake , Agent Bricks , Unity Catalog Ready to get started? Try D…
Deployment options
cloud
…are compliance standards. Share this post Details Industry : Financial Services Cloud : AWS , Azure Product : Delta Lake , Agent Bricks , Unity Catalog Ready to get started? Try D…
Headline outcome
…eliminating data duplication, and reducing storage requirements and complexity. As a result, the company saw a 10x savings in data storage costs. Unity Catalog has improved how Milliman employees work together by enabling jus…