Kyobo Life Insurance announced on the 30th that it has established a data management and analysis system called the 'Business Intelligence Visualization Portal' to be utilized across all business operations.
[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 30th that it has established a data management and analysis system called the 'Business Intelligence Visualization Portal' to be utilized across all business operations.
Business Intelligence refers to technology that organizes and analyzes the vast amounts of data a company possesses to assist in decision-making. Kyobo Life Insurance analyzes large volumes of data to derive meaningful information and visualizes it through charts and graphs, making it easy for anyone to understand and utilize.
The establishment of this portal was promoted under the 'Digital Transformation' strategy, which emphasizes the need to change the way of working. The core objectives are to fundamentally innovate work methods, seek digital-based product and service innovations, streamline business processes, and discover new business models.
Employees can derive insights from graph- and chart-based data on this portal, freely analyze and utilize necessary data using dashboards, and quickly grasp management status for sustainable management through visualized materials.
It is expected to spread a data analysis culture centered on the field, improve the reliability of results using professional statistical analysis, and also enhance prompt and accurate business decision-making and work efficiency.
Kwon Chang-gi, Head of Digital Transformation Support at Kyobo Life Insurance, said, "Any employee can analyze and utilize large amounts of data using various functions, and multiple people can use the results from different perspectives, greatly increasing convenience and efficiency. We plan to further increase the portal's utilization through employee training and other measures."
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