10%

Try : Insurtech, Application Development

Edtech(5)

Events(34)

Interviews(10)

Life@mantra(11)

Logistics(1)

Strategy(14)

Testing(8)

Android(46)

Backend(29)

Dev Ops(3)

Enterprise Solution(22)

Frontend(28)

iOS(41)

Javascript(13)

Augmented Reality(17)

Customer Journey(12)

Design(13)

User Experience(34)

AI in Insurance(31)

Insurtech(59)

Product Innovation(37)

Solutions(15)

E-health(3)

HealthTech(8)

mHealth(3)

Telehealth Care(1)

Telemedicine(1)

Artificial Intelligence(109)

Bitcoin(7)

Blockchain(18)

Cognitive Computing(7)

Computer Vision(8)

Data Science(14)

FinTech(44)

Intelligent Automation(26)

Machine Learning(46)

Natural Language Processing(13)

Vagrant: Building and maintaining portable virtual software development environment

I had a new developer joining my team. But onboarding required him to successfully install all the necessary software. The project was complex with a disparate set of software, and modules required to make all of it work seamlessly. Despite best efforts, it took the developer a couple of hours to completely set up his machine.

vagrant

It set me to think if there is something that can be done to improve and expedite this onboarding. Why should it take a new developer so much time to set up his system when the very same activity has been done a couple of times before by earlier developers.

A little bit of ‘googling’ made me stumble upon some thing called Vagrant. Perhaps I was too ignorant before, but now I realize there exists better ways to handle this problem. The activity that took our developer hours can be finished in a few minutes.

Here is how Vagrant can help you set up your development environment in minutes.

  1. Install the latest version of Vagrant from https://www.vagrantup.com/downloads.html. You can download the version for your OS. You can also read more about Vagrant from https://www.vagrantup.com/docs/getting-started/
  1. After installing Vagrant, you will need to install VirtualBox from https://www.virtualbox.org

Now that you have installed Vagrant, and the Virtual Box, lets play around a bit with it.

From your bash shell you can run the following commands

$ init hashicorp/precise64

$ vagrant up

After running the above commands, you will have a fully running Virtual Machine running Ubuntu 12.04 LTS 64 bit. You can SSH into the machine with

vagrant ssh

, and when you are done playing around with your newly created virtual machine, you may choose to destroy it by running; vagrant destroy

Next Steps

Now that you have created a virtual environment, lets see how we can get started with creating a new vagrant aware project.

New Project

Setting up a new project would require us creating a new directory, and then running the init command inside the directory.

$ mkdir new_vagrant_project

$ cd new_vagrant_project

$ vagrant init

The last init command above will place a new file Vagrantfile inside the current directory. You may also choose to convert an existing project to make it vagrant aware by running the same vagrant init command from an existing directory.

So far all you have in your directory is one single file called Vagrantfile. But where is the OS? We have not yet installed it. How will my project run in my favorite OS?

Answers to above questions lie in the VirtualBox. Virtual Box is the software, which is the container for your OS. Instead of building the virtual machine from scratch, which would be slow and tedious process as all the OS files will need to be downloaded every time, Vagrant uses a base image to quickly clone the virtual machine. These base images are called boxes in vagrant, and as Vagrant website also says “specifying the box to use for your vagrant environment is the first step after creating a new Vagrantfile”.

The virtual box type or the OS need to be specified in Vagrantfile. Below is how you can tell Vagrant that you would like to use Ubuntu Precise 64 to run your application on.

Vagrant.configure(“2”) do |config|

config.vm.box = “hashicorp/precise64”

end

Vagrant gives you a virtual environment of a server with any OS of your liking. In this example, we added Precise 64 version of the Ubuntu OS. However if you would like to add anything else, you can search for options here

https://app.terraform.io/session

Its time to bootup the virtual machine. It can be done using

vagrant up

Next we can log in to the machine by running

vagrant ssh

When you are done fiddling around with the machine, you can destroy it by running vagrant destroy.

Now that the OS is ready, its time to install necessary softwares, and other dependencies. How do we do that?
Enter Ansible!!

Ansible helps us in provisioning the virtual machine booted up in the steps above. Provisioning is nothing but configuring, and installing different dependencies required to run on your application.

Ansible (http://docs.ansible.com/ansible/index.html) can be downloaded, and installed on your machine from http://docs.ansible.com/ansible/intro_installation.html#installing-the-control-machine

Please note that Ansible is not the only provisioning tool that can work with Vagrant. Vagrant works equally well with other provisioners like Puppet, Chef, etc.

The provisioner, Ansible in the current case needs to be configured with the Vagrant so that virtual machine knows how it should provision the machine after boot up.

The basic Vagrantfile Ansible configuration looks like

Vagrant.configure(“2”) do |config|

config.vm.box = “hashicorp/precise64”

config.vm.network ‘private_network’, ip: ‘192.168.1.x’

config.vm.network ‘forward_port’, guest: xxxx, host: yyyy

config.vm.provision “ansible” do |ansible|

ansible.playbook = “playbook.yml”

end
end

The configuration ‘private_network’ will give an IP to your virtual machine so that traffic can flow from/to the virtual machine.

The ‘forward_port’ configuration enables us to specify that requests coming on a port xxxx to the virtual machine from outside will be routed inside the VM on an application listening on port yyyy.

Playbook is a very integral component of Ansible. Playbook contains instructions that Ansible will execute to ready your machine. These instructions can be a list of softwares to be downloaded, and installed, or any other configuration that your application requires to function properly. Playbooks are expressed in YAML format. Each playbook is composed of one or more ‘plays’ in a list.

The goal of a play is to map a group of hosts to some well-defined roles, represented by ‘tasks’.

Here is a playbook example with just one play.

- hosts: webservers

vars:

http_port: 80

max_clients: 200

remote_user: root

tasks:

- name: ensure apache is at the latest version

yum: name=httpd state=latest

- name: write the apache config file

template: src=/srv/httpd.j2 dest=/etc/httpd.conf

notify:

- restart apache

- name: ensure apache is running (and enable it at boot)

service: name=httpd state=started enabled=yes

handlers:

- name: restart apache

service: name=httpd state=restarted

A playbook can also have multiple plays, with each play executing on a group of servers. You can also have multiple plays in a playbook, with each play running on a different group of servers as in http://docs.ansible.com/ansible/playbooks_intro.html

In the next part of this series, I will take a real example where an application requires multiple software, and configurations, and how we make use of Vagrant & Ansible to run it in the developer’s machine, and then automate deployment to the cloud servers.

In case, you any queries on Virtualizing Your Development Environment To Make It A Replica Of Production, feel free to approach us on hello@mantralabsglobal.com, our developers are here to clear confusions and it might be a good choice based on your business and technical needs.

This guest post has been written by Parag Sharma Mantra Labs CEO.

He is an 14 year IT industry veteran with stints in companies like Zapak and RedBus before founding Mantra Labs back in 2009. Since then, Mantra has dabbled in various products and is now a niche technology solutions house for enterprises and startups.

Mantra Labs is an IT service company and the core service provided by the company are Web Development, Mobile Development, Enterprise on the Cloud, Internet of Things. The other services provided by the company are Incubate start-up, provide Pro-active solutions and are Technical Partners of Funds & Entrepreneurs.

Cancel

Knowledge thats worth delivered in your inbox

Retention playbook for Insurance firms in the backdrop of financial crises

4 minutes read

Belonging to one of the oldest industries in the world, Insurance companies have weathered multiple calamities over the years and have proven themselves to be resilient entities that can truly stand the test of time. Today, however, the industry faces some of its toughest trials yet. Technology has fundamentally changed what it means to be an insurer and the cumulative effects of the pandemic coupled with a weak global economic output have impacted the industry in ways both good and bad.

Chart, line chart

Description automatically generated

Source: Deloitte Services LP Economic Analysis

For instance, the U.S market recorded a sharp dip in GDP in the wake of the pandemic and it was expected that the economy would bounce back bringing with it a resurgent demand for all products (including insurance) across the board. It must be noted that the outlook toward insurance products changed as a result of the pandemic. Life insurance products were no longer an afterthought, although profitability in this segment declined over the years. Property-and-Casualty (P&C) insurance, especially motor insurance, continued to be a strong driver, while health insurance proved to be the fastest-growing segment with robust demand from different geographies

Simultaneously, the insurance industry finds itself on the cusp of an industry-wide shift as technology is starting to play a greater role in core operations. In particular, technologies such as AI, AR, and VR are being deployed extensively to retain customers amidst this technological and economic upheaval.

Double down on digital

For insurance firms, IT budgets were almost exclusively dedicated to maintaining legacy systems, but with the rise of InsurTech, it is imperative that firms start dedicating more of their budgets towards developing advanced capabilities such as predictive analytics, AI-driven offerings, etc. Insurance has long been an industry that makes extensive use of complex statistical and mathematical models to guide pricing and product development strategies. By incorporating the latest technological advances with the rich data they have accumulated over the years, insurance firms are poised to emerge stronger and more competitive than ever.

Using AI to curate a bespoke customer experience

Insurance has always been a low-margin affair and success in the business is primarily a function of selling the right products to the right people and reducing churn as much as possible. This is particularly important as customer retention is normally conceived as an afterthought in most industries, as evidenced in the following chart.

Chart, sunburst chart

Description automatically generated

        Source: econconusltancy.com

AI-powered tools (even with narrow capabilities) can do wonders for the insurance industry at large. When architected in the right manner, they can be used to automate a bulk of the standardized and automated processes that insurance companies have. AI can be used to automate and accelerate claims, assess homeowner policies via drones, and facilitate richer customer experiences through sophisticated chatbots. Such advances have a domino effect of increasing CSAT scores, boosting retention rates, reducing CACs, and ultimately improving profitability by as much as 95%.

Crafting immersive products through AR/VR

Customer retention is largely a function of how good a product is, and how effective it is in solving the customers’ pain points. In the face of increasing commodification, insurance companies that go the extra mile to make the buying process more immersive and engaging can gain a definite edge over competitors.

Globally, companies are flocking to implement AR/VR into their customer engagement strategies as it allows them to better several aspects of the customer journey in one fell swoop. Relationship building, product visualization, and highly personalized products are some of the benefits that AR/VR confers to its wielders.  

By honoring the customer sentiments of today and applying a slick AR/VR-powered veneer over its existing product layer, insurance companies can cater to a younger audience (Gen Z) by educating them about insurance products and tailoring digital delivery experiences. This could pay off in the long run by building a large customer base that could be retained and served for a much longer period.

The way forward

The Insurance industry is undergoing a shift of tectonic proportions as an older generation makes way for a new and younger one that has little to no perceptions about the industry. By investing in next-generation technologies such as AR/VR, firms can build new products to capture this new market and catapult themselves to leadership positions simply by way of keeping up with the times.

We have already seen how AR is a potential game-changer for the insurance industry. It is only a matter of time before it becomes commonplace.

Cancel

Knowledge thats worth delivered in your inbox

Loading More Posts ...