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Cloud computing is the next big technology in IT. For once, IT can look at real, cost-effective options to respond to business with real-time agility. With the current economic events, most Insurance CIOs are working with their business partners to optimize IT spend. Cloud computing brings with it a promise of IT simplification and TCO reduction. Vendor offerings in this space are growing by the day, but the challenges of adopting cloud are yet to be fully addressed and many are unknown. Deciding on an appropriate path for onboarding their applications portfolio to the cloud poses a big challenge for insurance CIOs.
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