Why Inonde?
We've built a database generator that allows us to quickly build very powerful, extremely customized systems that would typically take a team of programmers many, many months to complete. We can often have you up and running on the intial release of your new database in less than a week, with plenty opportunity of for revision and tweaking once you and your team have had a chance to use it some. And your system will grow with you -- we can easily and quickly add new functionality whenever the need arises.
You know you need a database when...
you have people in multiple locations and are trying to get much of anything done that requires coordination of effort
two different people end up doing the same task
you've got an engineering spec in front of you, but you're not sure if it's the latest version
you are behind in shipping orders, and you're not sure why
you'd like to test some marketing promotions but don't have a way to track response
you're trying to run your business on Microsoft Excel (and sticky notes)
you're paying someone to file and fetch customer folders
Ten Things to Look for in a Database
multiple users, each with needs-based permissions; ability to have people in multiple locations
web-based, can access from anywhere - in today's world there's no reason you can't access your business's database from anywhere - heck in on things while on vacation in Hawaii
security (logins, role-based permissions, an established platform, things that need to be encrypted are encrypted, capability to open up part of your database to customers or vendors while restricting their access to everything else)
Eight key benefits of having a great database
A database can reduce lots of complexity (flailing and endless spinning of wheels) in a business -- the status of everything is no longer unknown or known only to a few. With a good database, all of your business's key info is in one and only one place, meaning that no one has to wonder if what they're looking at is the latest, most up-to-date info, or if the info they are seeking might be found if they look hard and long enough.
With a good database, everyone knows where to find the information they need at the moment they need it.
Three Main Ways Small Businesses Use Databases
Three Main Ways Small Businesses Use Databases:
Process management (transactional database) e.g. multi-step order fulfillment
A place to store important info (information store / data warehouse) e.g. customer contact info and order history
SURVIVING A TSUNAMI – Why data matters in Insurance
I recently sat down with David Simon, the Founder of Inonde, to talk about the company and his views on the impacts of unstructured data, big data, and analytics in insurance.
So far as 10 years ago, almost 40% of insurers already recognized the real-world applications of projects like ‘big data.’ That number jumped to 74% in 2012 and has continued to skyrocket. Insurance companies have actually been outpacing their cross-industry peers in their ability to use analytics to a competitive advantage. They invested $2.4 billion in big data in 2018, and that number is expected to increase to $3.6 billion by next year.
However, big data is not as simple as it seems. Simon was actually leading a team at a Fortune 500 company when the ‘Big Data Boom’ hit the industry, and he let me in on a little secret behind all those great solutions: they didn’t get it all right.
Data is King – Insurance and the Modern Monarchy
In 1996, Bill Gates said that “content is king.” Then he predicted a viral pandemic during a TED talk five years before it happened. Bill is a smart guy and while he was terrifyingly accurate about the pandemic, we think his quote about content may be a bit outdated.
New technologies like apps and sensors are all around us and the “Internet of Things” is more like our “Life of Things,” recording and reporting on us every minute of every day. Nowadays, digital applications are available to help us manage almost every aspect of our lives.
The constant in all this is not the “content.” It’s the data.
Freeing Your Data and Revolutionizing the Insurance Industry
Freedom is important in the United States. We are free to speak our minds, to publicly share our ideas, to assemble and protest unfavorable outcomes, and to celebrate a religion of our choosing. We are free to be individuals.
With individuality comes innovation. From how we buy homes to how we protect homes, we are living in an era of technological change. Social media, shopping sites, and analytic services are altering the way we think about our communities. Artificial intelligence and big data have transformed the way we live our lives. As other industries adapt, so should insurance. It’s time for a revolution.
There are a few key drivers for insurance industries to implement the use of big data and big data analytics. Big data can provide insurance firms with valuable insight, and analytics can transform that insight into action.
Drifting Into My Lane
Accidents happen, I am pretty sure we have all checked our phone, sipped coffee, or maybe applied make-up and starting drifting into another lane. Obviously not safe or recommended when driving…and when it comes to DATA the outcome can be just as disastrous. I want to share more on the concept of “Data Drift”. If you have ever worked with me or heard me speak, you know that I equate data to the Chaos Theory or Entropy, your phone gets slower, the universe moves towards disorder, our laptop runs out of memory, and machine learning models deteriorate over time.