An effective cloud management ability can make the difference between achieving business and miss the brand.
Before embarking on a cloud journey, insurance companies should consider their effective cloud management strategy to ensure that costs are properly managed. Since operators work in a highly regulated environment, it is possible to identify risks for data integrity, security and regulatory compliance is also crucial for an effective cloud transition.
Managing Cloud Capacity
Ideally, insurance companies assume automated management tools to gain greater control over costs, improve governance, and increase responsibility in their cloud consumption. To achieve effective cloud management, they should focus on five key elements:
- Cloud operations including support, cost management and billing, cloud technology, cloud service management, service disk and monitoring.
- Security operations are defined as flexible cyber and data protection services that can secure cloud environments and infrastructure.
- Cloud Enhancement Services that allow insurance companies to manage cloud costs through analytics, manageable recommendations and operational improvements, and application cleaning and restructuring
- Application Management including support, ongoing maintenance, enhancements, and upgrades utilizing proper architecture design, development, testing, maintenance, modernization and renewal.
- Business Process Operations which is the business layer on top of cloud technology assets and services focused on delivering improved business results. [1
Before moving a cloudscape from the perimeter to being a common IT strategy, we encourage insurers to
- Address the security and risk associated with cloud computing to protect customer information and assets.
- Develop a robust security reference architecture.
- Plan the requirements and approach.
- Build internal trust in cloud-based operation, management and control of the maintenance of resiliency, high availability and disaster recovery.
Accenture Cloud Security Reference Architecture can help insurance companies navigate these demanding challenges.
The cloud landscape is complex and continues to develop at a rapid pace. Through a strategic, comprehensive approach and the right ecosystem, insurers can use this powerful business asset to take tremendous steps towards creating the right business models, operational efficiency, and customer experience that will ensure the success of the digital era.
To learn more, download Make Cloud a business relationship.