Network storage isn't an issue insurance executives spend much time thinking about. But it should be. For starters, regulatory demands, such as those spelled out in the Sarbanes-Oxley Act of 2002 (SOX), are putting the onus on executives to better manage their storage systems. To audit and archive data, organizations need to hold on to more data for longer periods of time, while keeping it all readily accessible to analytical applications.Moreover, as the industry moves away from paper documents, insurers are in danger of drowning in a sea of digital data. The buildup of data is making it more cumbersome to quickly retrieve data that's relevant to key business processes. And that, experts say, is why carriers need to properly manage network storage.
Automation within the industry certainly is improving the productivity and efficiency of workers, but it's causing data to pile up across enterprises. The challenge, industry experts say, is managing this information across a range of disparate systems and devices that have sprung up across enterprises in recent years.
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