Ping An Speeds Data Insights with IBM Storage Virtualization

IBM reports that the insurer’s new virtualized storage environment enabled Ping An to aggregate its growing data volumes in one hour instead of one month and accomplish data migrations easily with limited instructions.

(View of Shenzhen, China, home of Ping An.)

Ping An Insurance Group (Shenzhen, China), China’s largest private insurer, has implemented an IBM Software Defined Storage solution to help the company speed data collection time from a month to an hour, which IBM claims will dramatically improve Ping An’s ability to meet new regulatory requirements, such as annual audit and industrial data analysis.

“In recent years, due to the wide range and variety of the insurance business, Ping An’s IT infrastructure has faced huge challenges, particularly concerning the testing system that is required to retrieve dynamic data at any time,” said Wang Qingping, assistant chief engineer at Ping An. “Using IBM technology, we have improved operational efficiency, optimized our storage and achieved dramatic cost efficiencies.

IBM reports that Ping An was able to to virtually integrate more than 1 petabyte of data from a variety of storage systems including the IBM XIV Gen3, as well as systems from EMC and Hitachi, using IBM SAN Volume Controller (SVC) storage virtualization software, which the vendor calls a key component of its Software Defined Storage portfolio.

Ping An is required by the China Insurance Regulatory Commission to provide a wide variety of analytics data. IBM says that the insurer’s new virtualized storage environment enabled Ping An to aggregate its growing data volumes in one hour instead of one month and accomplish data migrations easily with limited instructions. The vendor asserts that the solution has delivered fast service times for Ping An’s critical projects.

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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