Banking & Finance/
Telecommunication

Banking & Finance / Telecommunication

How a banking and
insurance company
managed IT
infrastructure outages
using Proactive Service
Resolution

AT A GLANCE

Effort Reduction

0 %

AT A GLANCE

Streamlined
Identification
Registration
Categorization
Prioritization
Assessment,
Escalation

AT A GLANCE

elimination of
error

0 %

AT A GLANCE

Annual cost
saving of
approximately

INR 76,50,550
$100,000

How a banking and insurance company managed IT infrastructure outages using Proactive Service Resolution

Background

Our client was a large banking & insurance company that was facing severe disruptions of their IT services due to server outages. As IT outage issues became more frequent, it highlighted the importance of timely incident management for the company.

Challenges

The company faced several IT outages which impacted applications and slowed down consumer banking services provided by the company. This caused:

Downtime which impacted business performance

Revenue losses

Less-than-ideal customer service experience

Goals & Objectives

It was clear that efficient incident management began with discovering server failure before the user called to report the problem so that it could be communicated to the service desk, diagnosed, and resolved with minimum disruption to the overall system.

1

Enable rapid discovery of the incident, timely reporting and resolution

2

Minimize downtime to near zero

3

Implement faster resolution within service level agreements

4

Ensure efficient clean-up of memory space regularly to avoid a slowdown of the system

5

Maintain a high level of IT infrastructure security

Solution

Our IT automation experts established PSR (Proactive Service Resolution) using RPA & ITPA in tandem.

By establishing PSR, the organization could act on the incident and initiate a process to solve the issue before a more serious problem occured. Automated incident management ensured that critical events were detected, addressed, and resolved in a fast, efficient manner, whether it was an outage, a slowdown, or a memory shortage.

The PSR solution optimized the way event-generation and incident-creation processes operate together by:

Proactively discovering service outages and monitoring application system performance

Validating and restarting the crucial services automatically when required using support monitor orchestration

Triggering an active PSR flow to convert the event into a corresponding incident in ServiceNow ITSM if any vulnerability was found

Generating tickets both manually and from multiple sources such as client reporting

Providing a resolution at the earliest with minimum downtime

Sharing corresponding reports with IT experts for proactive actions to avoid any future incidents

Automated categorization of the incident and conversion of all incidents to one single service request

Outcome

This solution provided the company with a single one-stop incident management tool where all work-related incidents were met with monitoring, reporting, ticketing, resolution, and incident closure.

Automated incident management helped simplify and streamline the incident management process. Insight gained could be further analysed by experts and precautionary action could be taken to avoid any future failure.

Streamlined
Identification
Registration
Categorization
Prioritization
Assessment,
Escalation

reduction in effort
per day

0 %

elimination of
error

0 %

Annual cost
saving of
approximately

INR 76,50,550 $100,000

Streamlined  Identification
Registration  Categorization Prioritization Assessment,
Escalation

reduction in effort
per day

0 %

elimination of
error

0 %

Annual cost
saving of
approximately

INR 51,75,000
/ ($67852)