Legacy Transformation: Attacking the Problem With New Competitive Weapons
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Overview: The challenges being faced by mid-market insurers today are no secrets. Companies have to introduce new products quickly, improve their flexibility to make system changes faster, battle to retain existing customers, acquire new business, and overcome operational and organizational inefficiencies. Perhaps the most pressing challenge is getting out from under the weight of legacy systems and applications. Why is this important? Because legacy systems are expensive and inflexible. The high cost of maintaining them can crimp a companys IT budget. They are difficult to replace and maintain, they are more product-oriented rather than customer-centric.