LIC's freaking Insurance Data Warehouse

This note on moneycontrol.com says that Life Insurance Corporation of India is planning to implement the largest insurance datawarehouse in the world by 2007. LIC is looking at a 60 terabyte DWH size in the first phase. US’s largest insurance data warehouse is understood to be deployed by Nationwide which is in the region of 20 terabytes.

The article however states the largest datawarehouse in the world as of now is Walmart‘s DWH with 300 terabytes. Thats not appropriate. I have no clue from where did they get a number thats just 75% of the original volume. Per New York Times, Walmart’s datawarehousing capabilities are 460 terrabytes big. Thats a blooming number to match.

The application provided by Teradata – a division of NCR, will enable LIC to study trends not only among customers but also its 1 million strong agency force. The project will be implemented by Wipro and is estimated around Rs 40 crore (Rs 400 million), to Rs 50 crore (Rs 500 million).

More than 10% of the country’s population are the customers of LIC. Just 10% percent and we have the biggest Insurance Datawarehouse in the world. The kind of mining that could be done with this datawarehouse would be countless. A real worthy datawarehouse to build.