Case Study
Data and technology strategy for a leading insurance and technology group
Strategy | Insurers & Tech | London
The Background
- The Executive Committee of a UK insurance and technology group had recently reviewed and updated its business strategy and objectives
- NextWave was engaged by the Group CIO to assist him to develop and document the data and technology strategy to support the delivery of the business strategy
The Challenge
- Senior leaders in the organisation were unclear how data and technology would enable them to achieve the business objectives that they had recently agreed
- The organisation was looking for ways to accelerate the speed of its digital transformation
The Approach
- Daily meetings with the CIO to discuss different aspects of the strategy and develop ideas
- Interviews with ExCo members to confirm their priorities
- Workshops with senior leaders within the CIO function to develop specific areas within the strategy
- A detailed strategy document including business objectives, capabilities, target state, gap analysis and a roadmap
- An executive pack for the Board
- A one page overview of the strategy for internal communication
The Impact
- Around 8 weeks to document the data and technology strategy for the group at a detailed level
- Progress in the readiness of organisation to deliver the strategy and an increased awareness and acceptance of the changes required
- Very positive feedback from the CIO on the work performed
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