As insurers accelerate their digital transformation and customize solutions in areas like customer engagement and data management, they are realizing that they must overhaul traditional approaches and infrastructures and replace them with forward-looking, cloud-enabled solutions.
Instead of looking at a set list of projects or deliverables and identifying how cloud infrastructures can help efficiently tackle them, leaders need to look holistically at the various benefits that such systems can deliver – both in the short and long term – and focus on the myriad of forces that the cloud can help unleash.
Three key forces that the cloud can unleash are speed, the intelligence premium and innovation.