A Brave New World: Are You Ready to Host Your System?
Risk Management; New York › Vol. 53 Nbr. 6, June 2006
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Summary
Considering the speed at which technology changes, risk managers are continually faced with difficult decisions regarding the systems they need to support claims processing and risk analysis. In today's "brave new world" of claims automation using an application service provider (ASP) to host your system is one way to maximize your opportunities from both a cost and technology standpoint. The optimum ASP platform offers high performance via high-speed bandwidth to the Internet, redundancy in machines that are critical to achieving 100% uptime for system accessibility, and the best in physical and electronic security systems. The use of ASPs will be the norm in the future. As advances in technology continue to bring on obsolesce in a shorter period of time, the only way a company will be able to afford to maintain an updated system and hardware will be to pass the task of supporting the system and hardware off to a third party and to share the cost with others.
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A Brave New World: Are You Ready to Host Your System?
Considering the speed at which technology changes, risk managers are continually faced with difficult decisions regarding the systems they need to support claims processing and risk analysis. The decision to make substantial changes or to replace existing risk management or claims systems raises many daunting issues. Two big considerations are cost and how best to take advantage of new technologies. In today's "brave new world" of claims automation using an application service provider (ASP) to host your system is one way to maximize your opportunities from both a cost and technology standpoint.
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