Benchmarks against best practices, the industry as a whole, and your peers can give you actionable information. You can share this data with leadership to request funding and team members to address capabilities gaps. You can also use benchmarks to gauge your progress year over time.
Benchmarking in business is a way to identify performance gaps and competitive advantages. Benchmarking can be applied against any process, approach, function, or product in business. The process primarily focuses on measures like quality, time, cost, effectiveness, and the satisfaction of customers to identify problems and opportunities. Benchmarking is almost always a valuable process for businesses in all industries.
As data and analytics have become one of the most important ways organizations compete, benchmarking those capabilities has become vital. That’s why IDMA has partnered with Eckerson Group to offer a FREE and comprehensive assessment of data and analytic maturity specifically focused on benchmarking the insurance industry.
Join our panel discussion to learn how this newly developed, free, and comprehensive industry benchmarking assessment will help your organization –
Educate its teams about industry best practices
Quantify its data & analytics maturity and how the business stacks up against competitors
Identify capability gaps and business opportunities
Prioritize initiatives and develop budgets
Bring your questions and be ready for insightful and informative discussion!
Managing Director, Data Science
Vice President, Information Management, Architecture and Governance
AVP, Enterprise Data & Analytics Leader
The Hanover Insurance Group
Founded in 1983, and currently serving over 4000+ members, the Insurance Data Management Association (IDMA) is a global, independent, non-profit professional association dedicated to increasing the level of professionalism, knowledge, and visibility of enterprise data management in insurance and financial services through education, research, best practices, forums, and peer-to-peer networking.