A recent Accenture study indicates insurers recognize the many benefits of cloud adoption and are ready to get started, as I detailed in my previous blog post. That’s very good news! However, readiness is only one part of the equation. Effectively migrating to the cloud and reaping the benefits requires thoughtful planning and the right…
While the insurance industry is not known for being a technology pioneer and many insurers have been slow to embrace cloud technology, it’s clear they see the writing on the wall. In the past, key barriers to cloud adoption have been complexity in migrating legacy systems combined with privacy and security concerns. However, many insurers…
In the post-digital era, when simply using digital technology is no longer a differentiator for businesses, the following five trends offer a view of the near future. For each trend, we offer several questions to help you assess the potential opportunities for your organization. DARQ Power: Understanding the DNA of DARQ New technologies are catalysts…
In the new application programming interfaces (API)-driven financial services environment, banks that adopt an API architecture can gain a significant competitive advantage. Those that don’t could quickly fall behind the competition. Though the premise might seem simple, effective API management isn’t simply a matter of plugging in new technology. It requires a thoughtful, strategic approach.…
This year’s Accenture Technology Vision report highlights the emerging trends that are expected to shape financial services organizations over the next three years. In each trend, we see how digital saturation is raising expectations, abilities and risk, and how businesses are seeking new ways to differentiate themselves as the world moves into the post-digital era.…
APIs as an innovation accelerant Application programming interfaces (APIs) are nothing new. They’ve been driving operational efficiency in the IT environment for more than two decades. What is new is that APIs have become mainstream in the broader business world, allowing companies to create new business models that deliver new revenue streams and greater value…
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