Leading the conversation is about moving from being a reactive service provider - the old model for IT - to a proactive, partner or consultant that works alongside the rest of the business. This new type of IT function has a forward looking and outward facing perspective. It is focused on looking for opportunities to use technology to create new business models.
Enterprise backup has been a pain in the neck for CIOs and IT operations managers for long. As the storage environments grew more complex in where data is stored (tapes, disks, etc.) and how it is accessed, retrieved and managed--so did the headaches associated with backing up the data and being confident of restoring it quickly in case of a calamity.
The recent developments in global economics, complemented with an integrated approach to products and services, show that it has become mandatory to revisit the IT strategy and redefine/refine it on the lines of a Digital Agenda the world is moving towards. The era of automating departments and functions to achieve efficiency is over and the Information Technology function cannot just keep their role limited to 'Keeping the lights on' mode
At a time when the Indian insurance sector is facing slump, IoT can possibly be the game changer, creating newer business opportunities and re-thinking business models. The blog delves into how automobile insurance companies can integrate IoT into their business model to offer Usage Based Insurance plans, impacting both companies and consumers.