Though it is spelled in uppercase, AXA XL is not an acronym; “Axa,” the name of the parent company, is a word that is easy to say in any language, while “XL” is shorthand for Exel Limited, the company’s original name. Like any insurance company, AXA XL needed to be able to quickly answer questions about risk and exposure, but the company was getting many different answers to the same question. To streamline data access, and bring consistency to the company’s business intelligence, AXA XL implemented the Denodo Platform.
One Right Answer
AXA XL’s challenge was that whenever stakeholders queried the company’s available data, they had to pore through multiple different systems and types of source files, including spreadsheets, databases, and CSV files, and data was constantly being moved from one place to another. In addition, the company lacked standard definitions for common entities, as well as standard metrics for common calculations. Not only were reports less reliable than the company would have liked, but reporting took a prohibitively long time, because data had to be manually integrated from multiple locations and cleansed in the process. The Denodo Platform established a data virtualization layer, in the cloud, which sits between AXA XL’s disparate data sources and the company’s data consumers. This provided AXA XL with streamlined access to data while dramatically reducing replication. Because it established a unified layer across all data sources, it provided a seamless way to implement global governance controls over the company’s entire data assets, so that all consumers accessed the same data in the same way. In addition, it provided direct ways to track the lineage of every data asset. AXA XL was able to leverage the Denodo Platform as a “business translation layer” that seamlessly translated all technical nomenclature into business-friendly terminology. With the Denodo Platform in place, AXA XL now gets consistent answers to the company’s critical questions.