How to Ingest, Transform, and Feed Data in Insurance Industry with Santhosh Keshavan, from Voya
Santhosh Keshavan, EVP and CIO at Voya, disclosed how they are taking advantage of data and turning it into somethingΒ ...
Executive Vice President, Chief Information Officer and Global Head of Technology & Operations, Voya Financial
Search every verified Santhosh Keshavan interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Santhosh Keshavan, Executive Vice President, Chief Information Officer and Global Head of Technology & Operations at Voya Financial, has described the company's digital transformation as an ongoing journey focused on simplification, data management, and cloud adoption. He stated that Voya has consolidated its core systems, including reducing 46 instances of its record-keeping platform in wealth solutions, and has migrated from data centers to a hybrid cloud environment, with plans to move further toward public cloud over the next three to four years. Keshavan emphasized that blindly moving applications to the cloud can lead to higher expenses and unintended consequences, and that understanding the purpose of cloud migration is critical)Skip. He also highlighted the launch of the "my Voyage" digital platform, which he described as a first-of-its-kind personalized financial guidance tool that integrates workplace benefits and external accounts, and noted that the consolidation efforts enabled its development within a year rather than the three to five years it would have otherwise taken. Keshavan has stressed the importance of data as a foundation for digital transformation, stating that without a good understanding of data and the ability to create intelligence from it, digital transformation cannot succeed. He said Voya has built a scalable platform to ingest, transform, and feed data based on a "build it once and use it many times" principle to reduce data quality issues. He also discussed the company's focus on hyper-personalization and solving the "last mile problem" to help customers execute on guidance, as well as its efforts to innovate by integrating financial planning around health and wealth. Keshavan noted that talent is a critical aspect of progress, and that Voya's focus on employee well-being, diversity, equity and inclusion, and ESG priorities helps attract and retain employees. He added that information security is becoming increasingly important as the business connects with more partners.
“We have migrated from having data centers into public cloud or private Cloud. We have taken a position to really consolidate our core systems in all the businesses. For example, in our wealth Solutions we had 46 instances of our record keeping platform and that was very complex and expensive to manage.”
“Digital transformation for Voya comprises many aspects, the first and most important component is data. Without having a good understanding of data and the ability to create intelligence from the data, digital transformation cannot succeed.”
“Managing data is a constant battle. We have built a scalable platform to ingest, transform, and feed data for downstream customers, focusing on the principle 'build it once and use it many times' to reduce data quality issues.”
“Blindly taking all applications to the cloud as-is may have unintended consequences including expenses going way up and not having the ability to take advantage of all functionality and native cloud capabilities.”
Santhosh Keshavan, EVP and CIO at Voya, disclosed how they are taking advantage of data and turning it into somethingΒ ...
In this interview, Santhosh Keshavan, EVP and Chief Information Officer of Voya Financial, focuses on growth through innovationΒ ...
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