A Digitalized Game-Changer for the Real Estate Title Insurance Business
Company Size
1,000+
Region
- America
Country
- United States
Product
- Digital Business Platform
- In-Memory Store & Compute powered by Terracotta
- Streaming Analytics powered by Apama
- Application and B2B Integration powered by webMethods
Tech Stack
- In-Memory Data
- Streaming Analytics
- Automated Machine Learning
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Digital Expertise
- Productivity Improvements
Technology Category
- Analytics & Modeling - Real Time Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
- Sales & Marketing
Use Cases
- Digital Twin
- Predictive Quality Analytics
- Supply Chain Visibility
Services
- Cloud Planning, Design & Implementation Services
- Data Science Services
- System Integration
About The Customer
Stewart Title is a global real estate information and transaction management company that has been in operation for over 120 years. The company generates $2 billion in revenue through a network of more than 9,500 offices and agencies around the world. Stewart Title has a strong reputation for trust among its clients and was listed on the 2014 Forbes Magazine list of the 50 Most Trustworthy Financial Companies in America. The company's business is built on a combination of secure technology, transparent user experience, and a vast trove of real estate title data.
The Challenge
Stewart Title, a global real estate information and transaction management company, was facing several challenges. The company's disparate legacy systems were becoming increasingly costly to maintain and were showing their age. The company's vast historical insurance data, which had been a significant asset, was becoming a liability. The company was also facing pressure from agile FinTech startups that were unencumbered by legacy technology. Stewart needed to transform its technology infrastructure to reduce costs, increase agility, and leverage its historical data as a strategic advantage.
The Solution
Stewart Title partnered with Software AG in 2016 to initiate a digital transformation. The first step was to integrate Stewart’s internal systems with external customers and partners, which resulted in immediate cost savings and increased agility. The company then moved to implement an increasing array of functionality on the Software AG Digital Business Platform. This included new technologies like in-memory data and online, freely accessible data, which, paired with Stewart’s now accessible historical data, paved the way for industry disruptions and the creation of new lines of business and services. Stewart also made use of streaming analytics and automated machine learning to gain insights that were previously out of reach.
Operational Impact
Quantitative Benefit
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