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May 24, 2019

2019 AWARD FINALIST SPOTLIGHT: Nationwide Insurance - Finalist in the Operational Excellence in Banking, Capital Markets & Insurance Category

 

Read this article about Nationwide Insurance, one of our finalists, in the category Best Achievement of Operational Excellence in Banking, Capital Markets & Insurance, selected by the independent judging panel, for the 2019 Business Transformation & Operational Excellence Industry Awards program. Click here to read articles on other finalists. 

NandEagle Vert NW 3C

 

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Nationwide Financial IT:  Striving for Operational Excellence and a Problem-Solving Culture

In this digital age, Nationwide’s Information Technology capability is even more vital to our success than ever. In 2014, we began a journey to understand how our IT function could better support our key imperatives of differentiated value and operational efficiency. We had realized much success in adopting agile practices across 50+ agile teams. We leveraged a Lean Management System to scale and drive operational excellence into everything we do in IT.

 

We began small with a few experiments that realized impressive results. We then scaled to all 200+ Agile teams and have expanded to all IT departments.

 

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Our lean transformation centered around the elimination of duplicate roles, optimizing resource deployment, rightsizing our delivery methods to improve productivity, and becoming more efficient in testing while maintaining high quality. For each area, the Lean Transformation team focused on 5 dimensions: team performance, flow of work, effectiveness of lean management, management and execution organization structures, and local countermeasures.

 

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To sustain the tremendous improvements on the production floor, we installed a Lean Management System from C-suite to front line leaders.

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We have incorporated DevOps practices and Continuous Learning techniques to further our success and overall transformation. Thus far, we have realized a 16% reduction in hours per Agile story card and substantial annualized savings of nearly $80 million.

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Nationwide IT will continue to extend these concepts more broadly across our value streams by installing end-to-end product teams with transparency into their overall performance and value to the customer.

 

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About the Awards

The Business Transformation & Operational Excellence Awards have been established to showcase globally the most outstanding organizational achievements through the application of Operational Excellence programs. Click here to view the Press Release.

The winners for all categories and for The Platinum Awards will be announced at The Business Transformation & Operational Excellence Summit & Industry Awards on Wednesday March 20th, 2019, from 6.30pm, in the Venetian Ballroom at the Loews Portofino Bay Hotel at Universal Orlando Resort®. 

The Business Transformation & Operational Excellence Awards are open to all organizations, both private and public sector, across the globe, which have implemented Operational Excellence programs to deliver outstanding business results.

The 2019 Awards will be held in conjunction with the Business Transformation & Operational Excellence World Summit on March 20, 2019 in the Venetian Ballroom at the Loews Portofino Bay Hotel at Universal Orlando™

 

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BTOES.com

The issues in this article are just one of topic areas that are going to be discussed at the Business Transformation & Operational Excellence World Summit & Industry (BTOES19). March 18-22, 2019, Loews Portofino Bay Hotel at Universal Orlando Resort®

BTOES is the industry’s biggest and best, senior-level, cross-industry gathering of Business Transformation & Operational Excellence industry leaders and senior executives.

It also hosts the Business Transformation & Operational Excellence Awardswhich showcase globally the most outstanding organizational achievements through the application of Operational Excellence programs.

The summits hosts a number of private forums for C-Level & Global corporate-level leaders as well as business unit heads.

With over 150 speakers, over 100 sessions, 12 Keynotes, 9 Track Themes, 5 parallel tracks, 60+ track sessions, 50 roundtable discussions, 20 Interactive Workshops, 6 Thought Leader Panels, 5 Leaders Boardrooms, 5 co-located events, the Industry Awards Program, Site Visits, 20+ hours of social networking including 2 gala cocktail parties, dinners, numerous group activities, this is the ultimate event to benchmark, network and drive Operational Excellence to the next level.

 

Quick Links

Speakers

Agenda

BTOES19 Awards

 

There is a strong focus on Cultural Transformation, Customer Delight, Sustaining an Operational Excellence program, Need for end-to-end Business Transformation, Keeping up with new technologies/impact of digitalization and Leadership Buy-in & Understanding. We dedicated two tracks to advanced technologies, such as AI, Machine Learning, RPA, Predictive Analytics, Blockchain, Cloud infrastructure etc.

 

The agenda is designed to encourage active meaningful conversations though all day enhanced networking and interaction opportunities, including

  • All-day Refreshment & Themed Breaks

  • 1¼ Hour Hot Breakfast Networking Sessions

  • 1½ Hour Hot Plated Networking Lunches with Topic & Industry Sector focussed tables

  • 1½ Hour Roundtable Sessions by Topic & Industry Sector.

  • Keynote & Themes Panel Sessions

  • Hosted Welcome Receptions from 5.30pm

  • Expanded more lavish Awards Program

  • Newly launched Night Summit for attendees to meet after dinner

For more information or to discuss the summit in more detail please schedule a call below,

Click here to schedule a call. 


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