While consumers and many businesses are already enjoying the fruits of digital transformation, the insurance sector can hardly bear it. In many cases, legacy systems leave those in the industry with outdated infrastructures and processes. Looking to get out of the woods, insurance institutions know now is the time to tame the technology beast and make a digital transformation to:
- Keep pace with customer expectations who have already embraced next-generation IT innovations
- Meet rigorous compliance regulations regarding data security
- Simplify and enhance employee jobs with the latest digital tools and online collaborative business applications
While digital transformation is a challenge, insurance companies and their workers are anxious to implement new technologies. In fact, our infographic shows the results of a study of IT decision makers in the insurance industry and sheds light on:
- How committed insurance companies are to digital transformation
- What benefits they hope to derive from new technology
- What employees think about implementing new digital applications
- What types of barriers the insurance sector expects to face prior to full implementation
Check out our infographic for an in-depth view of the results. Because you don’t want to hibernate with obsolete technology in an industry where the competition can get grisly.
1Research conducted by Vanson Bourne on behalf of Sungard Availability Services and questioned IT decision makers (715) and wider business employees (1400) from across the US, Canada, UK, France, Sweden and Ireland.