Episode Title : Laying out a solid foundation to facilitate DIgital Transformation

Episode Summary: Any transformation starts with a solid foundation. For an organization embarking on a digital transformation should lay out a solid foundation with respect to alignment on business objectives and clear strategy about Data. Similarly, individuals passionate about digital transformation should also focus on laying a solid personal foundation by learning about new technologies and connecting with mentors and people with similar interests.

Key aspects of Data in Insurance industry (01:40): A great analogy would be to compare with constructing a building. Very first step would be to have a solid foundation. Similarly, any transformation with a focus on data should focus on the integrity of data or truth as it relates to data. Make sure that the data sources are identified and everyone agrees to it.

Shefali’s personal transformation into digital transformation (06:57): Laziness is the source of much automation and Shefali said her laziness pushed her into looking for ways to use technology to automate tasks. Her focus on learning and establishing meaningful relationships helped her expand her influence in India and also facilitate her move abroad. 

Legacy industries versus web-only companies ( 16:32): New technologies like AI are helping expand the market where people who were not traditionally covered are able to get insurance coverage. Examples are the small and medium companies or even individuals can become insurable. Secondly, micro-insurance like coverage for smaller amounts of time or smaller geographies are now possible. 

Advice on expanding influence (22:02): Shefali provided plenty of resources to keep learning. Also shared tips on connecting with people and keep building a personal brand to expand into areas like speaking.

Resources mentioned in this episode:

Podcast website: https://DataTransformersPodcast.Com

Ramesh consulting website: https://DigitalTransformationPro,COm

Call To Action:

Connect with Shefali Sonpar:https://www.linkedin.com/in/shefalisonpar/  

Follow Data Transformers on Twitter: @DataTransforme2 

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Data Transformers Podcast

Join Peggy and Ramesh as they explore the exciting world of Data Management, Data Analytics, Data Governance, Data Privacy, Data Security, Artificial Intelligence, Cloud Computing, Internet Of Things.