To compete with digital players, traditional insurers should consider building their own new digital businesses. Markers across four critical areas can show if insurers are on track
Tag: IT strategy and trend
Establish AI Governance, Not Best Intentions, to Keep Companies Honest
AI governance is a board-level responsibility to mitigate pressures from regulators and advocacy groups. Image: Mopic – stock.adobe.com IBM, Microsoft and Amazon all recently announced they are either halting or pausing facial recognition technology initiatives.
How to Be a Blue Ocean Strategist in the Post-Pandemic World
As the Covid-19 pandemic continues to evolve, managers around the world are bracing for new challenges ahead. Many of them wonder whether the strategic approaches that proved to be successful in the past will still apply to changed business realities in a post-pandemic world.
How six companies are using technology and data to transform themselves
The crisis has forced every company into a massive experiment in how to be more nimble, flexible, and fast.
These eight charts show how COVID-19 has changed B2B sales forever
With the massive shift to digital resulting from COVID-19, video and live chat have emerged as the predominant channels for interacting and closing sales with B2B customers, while in-person meetings and related sales activities have dropped precipitously.
More than three quarters of buyers and sellers say they now prefer digital self-serve and remote human engagement over face-to-face interactions—a sentiment that has steadily intensified even after lockdowns have ended.
IT Pivots: Survival Lessons From a Turbulent Year – InformationWeek
During its third-quarter earnings call on Monday, the company said it plans to roll out substantial changes to its mobile apps over the next year to integrate a range of new features, including enhanced direct deposit, check cashing, budgeting tools, bill pay, crypto support, subscription management, buy now/pay later functionality and all of Honey’s shopping tools.
According to Schulman, the company’s apps will be updated to include Honey’s shopping tools, like its Wish List feature that allows you to track items you want to buy, price monitoring tools that alert you to savings and price drops, plus its deals, coupons and rewards.
COVID-19 Accelerates Digital Strategy Initiatives
Sixty-nine percent of boards of directors say that the effects of the pandemic crisis , the economic crisis and the social crisis are accelerating digital business initiatives, according to the Gartner Board of Directors Survey, conducted in May and June 2020.
Surveyed corporate directors increased the development of digital products and services to maintain and accelerate their customer engagement, and help them reach their revenue growth targets.
History’s Lessons on Competitive Innovation
The Germans didn’t depend on a select group of high-level officers and industry leaders taking a “think tank” approach by deliberating their way to a new tactic, nor did they assume that the answer was (just) technology like planes and tanks.
If the problem during World War I was the inability to gain and hold an innovative edge, it must have seemed to French leaders that the interwar period promised just the breather they needed
3 Ways CIOs Can Help CEOs Restore Growth
The Gartner CEO Survey found that the crisis has led 65% of CEOs to focus more on accelerating digital business transformation.
“Scale up the digital mainstream, but don’t push experimental extremes,” said Raskino.
How to Market to B2B Technology Buyers
When it comes to today’s B2B technology buyers, how you market your technology has become as important, if not more so, than what you sell.
Why Your Board Needs a Plan for AI Oversight
We can safely defer the discussion about whether artificial intelligence will eventually take over board functions. We cannot, however, defer the discussion about how boards
7 Digital Disruptions You Might Not See Coming In the Next 5 Years
This is called technological biohacking, and it’s one of seven digital disruptions that you might not see coming, and like the others on the list, it could change the world.
Computing technologies are evolving from traditional to digital, and then to neuromorphic, which allows them to be more human-like.
Gartner Top Strategic Technology Trends for 2021
When employees at an industrial site returned to the workplace after it was closed during the COVID-19 pandemic, they noticed a few differences. Sensors or
How to Survive a Crisis with AI-Driven Operations
Here’s how IT and business leaders can strategically embrace artificial intelligence to build a foundation of resilience. Image: Mclittle – stock.adobe.com Responding to any crisis