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More Than 40% of Insurers are Expanding Investment in Enterprise Architecture in 2019, Says Novarica

Bill Sinn | February 05, 2019

A solid enterprise architectural foundation is critical as the insurance industry continues to evolve. With the growing adoption of Agile and cloud, the importance of balancing architecture best practices with the challenges of decentralized decision-making has never been higher. In a new brief, Enterprise Architecture: Expansion and Key Issues, research and advisory firm Novarica outlines architecture best practices in order to identify and remove risk as well as ensure projects continue to move the insurance organization towards its desired strategic business capabilities.

"It has become important to develop a 'test-and-learn' culture for architecture where a proposed solution, expected benefits, implementation complexity, and technical feasibility are evaluated," said Mitch Wein, Executive Vice President of Research and Consulting, and co-author of Novarica's new report. "It is desirable to 'fail fast,' that is, to prioritize work activities with the goal of discovering potential problems as early as possible in the process, minimizing schedule risk and cost."

Please contact media@novarica.com or call Victoria Spitz at 833-668-2742 Ext. 130 for more information.


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