For several years now, cloud computing has been top of mind for insurance carrier executives. It continues to be the buzzword du jour. Its use in production environments, however, is still nascent. Nonetheless, successful implementation requires a healthy market of vendor solutions that carriers can leverage and to that end, vendors are responding.
According to Celent, which has released a new report titled “Life in the Cloud: Vendor Plans and Priorities,” queried 41 vendors to get a better understanding of vendors’ position on cloud computing, their pricing models, platform investments, and their expectations of where the market is going. The survey found that more than 50 percent of vendors see the cloud as mission-critical to their organization today.
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