Are Insurers with Legacy IT Landscape Ready for Industry 4.0?
Keywords:
Industry 4.0, Legacy Modernization, Digital Transformation, Layered Application Strategy, Api-fication, Implementation Considerations, Legacy Modernization Solution Options, Legacy IT Landscape Challenges, Industry 4.0 Opportunities, Industry 4.0 for Insurance
Abstract
The objective of this paper is to highlight the readiness of Insurers in line to industry 4.0, and the opportunities that it brings for the Insurers. Most of the Insurers in India face a definite challenge due to the legacy elements in their IT landscape and the paper outlines and highlights the solution options for Insurers, so that they may take timely decisions on modernization. The traditional transformation journeys were typically IT driven, and the author from his learning has highlighted the elements that the Insurers need to consider in successfully achieving this transformation.
Published
2018-12-20
How to Cite
Singh, M. (2018). Are Insurers with Legacy IT Landscape Ready for Industry 4.0?. Bimaquest, 18(3). Retrieved from http://www.bimaquest.niapune.org.in/index.php/bimaquest/article/view/42
Issue
Section
Articles
