As the world of insurance technology rapidly evolves, many CIOs in the industry are focused on implementing the latest technologies and solutions to modernize their IT infrastructure. However, during this race to modernize, many organizations may overlook the potential of their existing systems built on the IBM I. In particular, the native IBM I development tools and operating system, which have been a cornerstone of many businesses’ IT infrastructure for many years, are often overlooked as outdated and irrelevant.
I know what you’re thinking. “IBM I? Isn’t it an outdated system? There’s something newer and better out there.” Don’t be so quick to replace it.
As per a recent study by IBM, the IBM I operating system is still a critical component of modern IT infrastructure. The study found that companies running the IBM I operating system have experienced less downtime, fewer security breaches, increased system storage, improved mobile accessibility, and higher resiliency and availability than companies using other operating systems. This is likely due to the IBM I operating system’s proven track record of reliability, security, and scalability.
Modernizing systems is not just about replacing them with the latest technology. It’s about finding ways to integrate existing systems with newer technologies to improve functionality and efficiency. That’s where IBM iSeries modernization services can help organizations achieve this goal without discarding their legacy systems entirely.
With that note, this blog post will discuss how IBM I modernization services can help insurance CIOs make the most of their core legacy systems and maintain their competitive edge.
So, don’t discount the power of IBM I — it might just be the missing piece in your company’s IT puzzle!
Some have unfairly labeled the IBM I platform as outdated, but in reality, this enterprise-class system has a lot to offer. You can tap into its true potential by embracing modern tools and methodologies. Here are a few reasons why P&C insurance businesses should consider IBM I:
If leveraged appropriately, IBM I systems can become just as innovative and competitive as their newer counterparts.
Businesses must stay committed to continuous improvement to stay ahead. This is particularly true when referring to IBM I modernization.
Here are a few reasons why adopting an incremental approach is essential:
By embracing a consistent cadence of smaller and larger modernization initiatives, businesses can ensure that their IBM I systems remain relevant and efficient.
A successful IBM I modernization requires a comprehensive approach that considers all aspects of the platform. The key to a successful digital strategy is to examine each component of the IBM I system and prioritize the areas that need updating based on quantitative assessments.
Here are some additional details about the importance of a comprehensive approach to IBM I modernization:
IBM I is a unique operating system, and its value in IT operations cannot be overstated. Here are a few reasons why:
Offers deep integration with various layers, including virtualization, transactional systems, databases, and application servers; this level of integration results in a robust foundation for innovation while reducing operating costs.
Built-in Security and Compliance
Modernizing your IBM iSeries software will help you leverage the latest in-built security features and comply with industry regulations, making it a trusted and reliable choice for businesses with strict security requirements.
Streamlines integration with other systems, both on-premises and in the cloud, by leveraging new technologies, such as AI and IoT, and integrating with third-party applications to deliver better customer experiences. With streamlined processes, insurance professionals can devote more time to value-adding tasks, leading to more efficient resource usage.
Reduces maintenance costs and increases ROI. As a result, this can enable you to identify cost-saving opportunities and minimize downtime.
Future-Proofing your IT Infrastructure
Allows you to future-proof your IT infrastructure and ensure it remains relevant and effective for years to come. Modernization can help you stay ahead of emerging technologies and prepare for future business needs.
While IBM I modernization can be complex, with the right approach and tools, businesses can successfully modernize their IBM I systems and enjoy the benefits of a modern, digital-first platform.
By leveraging the power of IBM I and embracing modernization, P&C insurance companies can enhance their IT operations and secure a competitive edge in the digital landscape.
Are you thinking of modernizing your legacy systems? Contact KMG – our experts will make your experience a seamless modernization journey.