Nobody knows the issues plaguing insurance CIOs more than the professionals themselves. Although the industry is constantly evolving, it appears that certain problems are constant.
Recently, Steve Ranger of ZDNet and TechRepublic polled several CIOs while chairing a conference to find out exactly what’s at the top of their list of issues. Ranger found the following:
• Data (including issues with quality, governance, and usage)
• Bring your own device
• Risk and regulation
• Managing legacy systems
• Cloud and security
• Delivering innovation
• Cost versus quality and the need to do more with less
• Globalizing services
• Time to market
• Local market challenges
• Mobile apps
Keeping pace in the Digital World
One of the most intriguing parts of Ranger’s findings is that most of the insurance CIO’s budget these days is put toward maintaining existing data, systems and business collateral. In turn, this has made it extremely difficult for insurance CIOs to deliver innovation.
However, up-and-coming technology is now available at the fingertips of CIOs who want to eliminate the hassle associated with maintaining everything from legacy systems to collateral. Seismic, for example, can help professionals keep all of their key business documents and presentations up-to-date, which can save an ample amount of time.
Utilizing these new enterprise applications may be just what the insurance CIO needs to get over the hurdle. Most people already know that time management is critical, but what’s done with time saved is a big key to success.