E-MailIncreasing Software ROI in Insurance IT
IT organizations continually spend vast sums to develop and maintain proprietary software, mostly for internal use. Some estimates place this figure at nearly half a trillion US dollars worldwide per year. This has created a huge and growing inventory of software assets, only a few of which provide real competitive advantage. The rest either provide basic support for business operations or, in many cases, are unused, redundant, or underutilized. Many software assets that begin their lifecycle as mission-critical eventually fall into these latter categories due to mergers, acquisitions, downsizing, or a change in business direction.
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