Virtual Viewpoint: Value of Certain Technologies Overstated 

Social networking. Social networking is an outstanding distribution channel and marketing tool, but its value in an IT operation stops at Web 2.0 functionality.

 Karen Pauli, research director, TowerGroup

There are some areas where it is going to take a long time before the insurance industry grabs on to it. Cloud computing is one of those. It has great potential and could be the answer to a lot of problems, but the insurance industry, being very conservative, is going to be late to adopt it.

• • 1/29/2010 10:46:54 AM
  • Pat O'Connell
  • Cloud Computing/Social Nettworking
  • I agree with both of these comments because 99 and 44/100 percent of Senior Managements within the Insurance Industry are extremely poor. Because of their lack of leadership and innovation it will become imperative for an outside Architectural and Design firm to come in and design, develop and implement these technologies so they will be effective. Insurance company IT organizations are just not capable of making it happen.