At some level, every company in the industry uses Microsoft products. They’re running on Microsoft’s OS. They’re using Microsoft Excel. And they’re adopting Office 365. Insurers are beginning to adopt our other technologies such as Power BI and Intune. More importantly they’re increasingly moving their data to Azure for processing and analysis.
The real advantage to having all these products based on a single cloud provider is the operation at scale becomes easier. You combine the security and auditing work to a single set of tools. And can easily integrate new functionality such as Machine Learning or Azure Batch.
What major insurance problems are solvable today using Azure technologies?
The simplest problems to solve are disaster recovery and operational maintenance. Many companies solve these problems with a lift and shift migration to the cloud. Where you move virtual machines from an on-premises datacenter to the cloud. Once you’re in the cloud adding processing power or integrating with a new feature cloud-only feature becomes easier.
The next thing is really using a PaaS solution, Platform as a Service where you send calculations to the cloud for processing. They manage all the process and configuration behind the scenes, reducing the workload on local I.T. teams.
Once you start to really look at the cost of running your own compute grid with the cost of using compute resources in the cloud, there’s really no contest. I’ve been at companies where we’ve had savings of over 80 percent. With that kind of cost savings, it’s easy to make the leap to running more calculations while paying less. Effectively improving the accuracy of the calculations and reducing the cost at the same time.