The pace of change in the insurance industry is more rapid than in most, and is impacted by the new business models, customer behaviors, distribution mechanisms and new technologies. Insurers are constantly revising the way they function, as they strive to stay one step ahead of their competition, through ongoing strategic re-evaluation and re-orientation. Insurers today find that their customers are quite accustomed to online retail shopping and expect the same levels of convenient digital distribution and seamless, tailored experience from insurers, across their devices, including tablets and mobiles. This is causing a shift in insurance value models and preventative …

Businesses, big and small, are relying on the use of ‘big data’ for managing a variety of processes and operations. Capturing masses of user data needs to be followed by structuring it and applying algorithms to derive strategic insights. The ‘Big Data’ dream today is all about prescriptive and predictive analytics. Businesses need to what data to collect, because all data may not prove actionable. Collecting the right data, discarding the waste which cannot improve one’s business processes or opportunities, using thoughtfully constructed and expertly designed analyses which assist in decision making are all essential to realize business value from …

Digital transformation, in the context of a business, happens when it fully leverages a mix of digital technologies to transform its activities, processes, competencies and models, keeping both present and future shifts in mind. The question we want to answer here is whether DevOps and Cloud are essential to such a transformation, and if so – why? Let’s first consider DevOps and what it signifies for your digital transformation efforts. DevOps is also a fairly new concept to most people. DevOps is gaining in importance as most software companies are providing the software as a service, and operating their product …

Today’s organizations are choosing to be driven by data and their digital transformation is happening on the cloud. In a recent report, Gartner predicts that Public Cloud revenue will grow 17.3 percent in 2019, as the simplicity and flexibility offered to business operations will result in significant growth in its adoption. Gartner also says that the cloud market is projected to reach a staggering $206 billion in 2019, from $175 billion in 2018 and $145 billion in 2017. Let’s look at some of the top cloud trends in IT services to watch out for, in 2019. We are referring to …

How it all started: In the year 2008, during the period of the Great Recession in the U.S., Betterment launched the first robo-advisor for their investors to manage passive, buy-and-hold investments through an online interface. Initially, clients had to employ a financial advisor to benefit from this innovation. Fast forward to now, the wealth management industry is poised to enter a disruptive phase; and at the heart of this disruption is robo-advice. The advent of modern-day automated investment advisors in the financial advisory space is witnessing a game-changing trend, which is predicted to grow exponentially in the next few years. …