Climbing the Cloud in Waves A pragmatic approach for adopting the cloud for insurance applications

Climbing the Cloud in Waves A pragmatic approach for adopting the cloud for insurance applications

Cloud computing is the next big technology in IT. For once, IT can look at real, cost-effective options to respond to business with real-time agility.

With the current economic events, most Insurance CIOs are working with their business partners to optimize IT spend. Cloud computing brings with it a promise of IT simplification and TCO reduction. Vendor offerings in this space are growing by the day, but the challenges of adopting cloud are yet to be fully addressed and many are unknown. Deciding on an appropriate path for on-boarding their applications portfolio to the cloud poses a big challenge for insurance CIOs.

This paper takes a close look at the insurance value chain and the enabling applications to provide a broad guiding framework for moving these applications onto the cloud in an incremental fashion guided by the maturity of the cloud services. It takes a quick ‘dip-stick’ view of how the eco-system influencing cloud computing is likely to be impacted and evolve. In this context, the paper also looks at an analytics-led infrastructure transformation approach that can help insurers achieve this transition reliably. Finally, the paper concludes with an overview of the TCS’ offerings in this space and describes how TCS can help insurers in their cloud adoption journey.

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