Insurance
February 21, 2024
How To Minimize Data Redundancy
in: Insurance
Is redundant data compromising decision-making and operational effectiveness in your organization? These valuable strategies for identifying, reducing, and preventing duplicate information can give you an edge. Modern organizations need to be wary of unintentional data redundancy and take proactive steps to eliminate it. Data redundancy is when multiple copies of the same information exist in […]
January 31, 2024
Technology Integration in Insurance Can Be Seamless. Here’s How.
in: Insurance
Challenges? Sure. But the rewards are plentiful for those who embrace emerging technologies in insurance There’s no question that insurance adjusting firms must embrace and implement digital transformation. However, the attachment to legacy systems and “the way things have always been done” has created a reluctance to move forward. This is despite the many advantages […]
January 25, 2024
Data Warehousing and Integrations: Modern Business Intelligence
Struggling with managing large data volumes from disparate sources? Read on to discover how modern data warehousing and integration techniques enhance business intelligence. Businesses manage increasingly large volumes of data from various sources daily. Per IDC’s estimates, the annual data produced globally will reach 175 zettabytes by 2025. As more data becomes available, embracing modern […]
January 11, 2024
Prepare for the Future by Upgrading Legacy Systems in InsurTech
in: Insurance
Switching to a modernized system is imperative to thrive in the new era of insurance. Here’s how to successfully navigate the transition. Insurance service firms have relied on traditional legacy systems for the past half a century to stay competitive. These systems allowed claims managers and underwriters to handle claims and write risks more effectively […]
December 13, 2023
Legacy Insurance Software May Be Costing You More Than You Think
Outdated software in insurance creates problems that inhibit your growth Your legacy insurance software has served you well over the years. But at what cost? You may feel that you’re saving money and headaches by sticking with “good enough,” but when is the last time you’ve taken a hard look at the total cost of […]