Onsurity Teams Up with Snowflake to Tackle Data Scalability and Governance Challenges for Startups and SMEs!

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Snowflake and Onsurity

Onsurity Partners with Snowflake to Revolutionize Employee Healthcare Data Management

Transforming Employee Healthcare for SMEs

Bangalore-based Onsurity, a leading employee healthcare platform, specializes in providing insurance services tailored for small and medium enterprises (SMEs). The company has recently struck an agreement with AI data cloud platform Snowflake to revamp its data infrastructure for an undisclosed amount. This strategic partnership is designed to enhance scalability, improve real-time data accessibility, and foster innovation throughout Onsurity’s various business segments.

A Streamlined Approach to Data Processing

Onsurity emphasizes that leveraging Snowflake’s cutting-edge capabilities enables the organization to process vast amounts of data with remarkable efficiency, driving down costs and optimizing AI-enhanced innovations. Beyond enhancing internal productivity, this collaboration is pivotal in fulfilling Onsurity’s mission to offer affordable and adaptable healthcare insurance solutions for SMEs and startups across the country, serving over 8,000 businesses.

Enhanced Insights for Customer-Focused Teams

Chief Technology Officer (CTO) Sarvendu Singh stated, “Our customer-facing teams will now receive quicker access to insights, empowering them to tailor services based on real-time feedback and user behavior trends.” With advanced feedback capture mechanisms and behavioral analytics in place, Onsurity is set to revolutionize the management of healthcare benefits for SMEs and startups.

Future-Focused Innovations with AI and ML

While considerable operational enhancements have already been achieved, Onsurity is now focusing on integrating artificial intelligence (AI) and machine learning (ML) into its offerings. The company plans to implement AI-driven workflows directly within the Snowflake environment, employing ML models to analyze user behavior, forecast trends, and personalize healthcare offerings. “AI is crucial in our platform’s expansion, and we are actively exploring predictive analytics to enhance customer experiences,” Singh added.

The Need for This Partnership

Identifying as a tech-driven organization, Onsurity is recognized for its innovative methodologies in employee healthcare and insurance. However, as the company grew, so did its data-related challenges—primarily concerning scalability. Singh noted that the existing systems were unable to keep up with the increasing demand for real-time analytics from internal teams in sales, marketing, and business development.

Addressing Data Governance Challenges

Onsurity also encountered data governance hurdles, underscoring the necessity for a platform that provides robust role-based access control (RBAC) to securely handle sensitive information across different departments. This led to Onsurity seeking solutions from Snowflake, a recognized leader in AI-driven data cloud platforms.

The Challenge of Scaling Data Infrastructure

Singh shed light on the escalating costs linked with traditional data management platforms, reinforcing the need for a more economical and modular solution. “Our data governance processes required greater precision, and we needed a scalable platform capable of delivering granular control over access and data management,” he explained.

Choosing Snowflake for Its Unique Offerings

Moreover, Singh highlighted Snowflake’s benefits, including rapid deployment, robust security, compliance features, and a zero-maintenance architecture. “Snowflake stood out as the clear choice for our needs,” he stated.

L to R: Vijayant Rai, MD, Snowflake India and Sarvendu Singh, CTO, Onsurity

Real-World Use Cases: Transforming Operations

Onsurity utilizes Change Data Capture (CDC) to manage delta data movement from multiple online transaction processing (OLTP) systems. The company asserts that Snowflake’s CDC capabilities allow for seamless extraction of incremental data changes, reducing the risk of duplicates and ensuring that insights are based on the most recent information.

Handling Complex Data Structures

Given the semi-structured nature of healthcare data, advanced tools are often required to parse and manage such information. Snowflake’s native support for formats like JSON, Avro, and Parquet enables Onsurity to effectively handle extensive volumes of unstructured and semi-structured data without necessitating complex third-party integrations.

Immediate Cost Efficiency Benefits

Cost efficiency has emerged as one of the most significant benefits of Onsurity’s alliance with Snowflake. Singh pointed out that Snowflake’s elastic architecture allows for horizontal or vertical scaling based on workload demands, ensuring optimal operational expenses while only incurring costs for actively utilized resources.

Maintaining Profitability Amid Growth

This dynamic scalability is crucial for ensuring that Onsurity maintains profitability while scaling its operations. As India’s economy continues to grow, the insurance industry is positioned for rapid expansion among G20 nations, requiring insurers to adeptly harness both internal and external data while embracing advanced analytics and AI methodologies.

Looking Ahead with Confidence

“We are thrilled to have Snowflake as Onsurity’s preferred data platform to address their scalability, governance, security, and cost-effectiveness requirements,” said Vijayant Rai, Managing Director for India at Snowflake. “By integrating all their strategic data, we empower Onsurity’s leadership teams to expedite decision-making through valuable insights drawn from meaningful data across processes.”

Conclusion

The partnership between Onsurity and Snowflake stands to revolutionize the landscape of employee healthcare for SMEs, highlighting the importance of modernized data infrastructure in today’s fast-paced business environment. Through advanced data management and AI-driven solutions, Onsurity is poised to enhance its service offerings and improve the overall healthcare experience for its clients.

Questions & Answers

1. What is the primary aim of Onsurity’s partnership with Snowflake?

The primary aim is to overhaul Onsurity’s data infrastructure to improve scalability, enhance real-time data availability, and drive innovation across its business verticals.

2. How many SMEs and startups does Onsurity currently serve?

Onsurity serves over 8,000 SMEs and startups across India.

3. What specific technologies is Onsurity planning to integrate into its offerings?

Onsurity plans to integrate artificial intelligence (AI) and machine learning (ML) technologies to enhance its product offerings.

4. What are some of the challenges that Onsurity faced before partnering with Snowflake?

Onsurity faced challenges related to scalability, data governance, and the rising costs associated with traditional data management systems.

5. Why is scalability important for Onsurity’s operations?

Scalability is important for Onsurity to efficiently handle increasing demand for real-time analytics while managing costs and maintaining profitability as it grows.

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