Monday, December 04, 2006

Insurance Industry Outlook 2005, 2006 vs 2007 what changed...

As the new year approaches one thing I seem to constantly do is to look back couple years and see what predictions were made for this year that we are just ending, and how the predictions changed year over year.

I am thinking that you guessed it right the more things change the more they remain the same. Let me add a little commentary to your thoughts, I believe that on one end we are always struggling to meet the business needs with what we have, and what we have is in a state of flux or state of disrepair. This essentially means we are struggling with our infrastructure which when compared to bleeding edge changes in the market place looks antiquated at best , broken, does not talk to other systems within the organization, is not flexible etc.

If we step back and think I am sure that you will never get away from this conundrum for two reasons, innovation is always happening outside our organization and the process of turning this innovation into a leveragable assett without ripping and replacing your existing infrastructure calls for little more calmer and thoughtful disussion instead of heading into a massive Legacy Modernization, or Transformation or BPM platform or EAI. Of course you could do that and still be in the same position in three years from now.

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