Sticking to the status quo isn't an option in today's fast-paced insurance market. To drive value, today's insurance leaders must keep moving forward, from reactive to proactive—and from at-risk to future-proof—by accelerating digital transformation with cloud-based solutions powered by AI and machine learning.
In a recent global survey by IDC, findings show that insurance leaders are prioritizing systems that enhance decision making and streamline finance, HR, and ERP operations. Based on the responses, insurers are now ready and prepared to embark on digital transformation and they are actively investing in modern solutions that leverage cloud technology, data analytics, and AI. With these innovations, insurance organizations are able to create more agile operational frameworks, allowing their organization to navigate market fluctuations more effectively. Additionally, these advancements support the adoption of new business models and enable adaptation to evolving business dynamics.
Read the resulting IDC whitepaper, "Supercharging Insurance: Achieving Agility Through Unified Core Technological Transformation," to see where your insurance organization stands against your peers and how you can modernize your organization to:
- Enhance organizational dexterity and better navigate market fluctuations
- Reduce disconnected systems and integrate complex business areas
- Leverage AI to drive productivity within internally-facing departments
- Enhance organizational agility and address cyber threats
- Accelerate innovation, facilitate collaboration, and improve compliance