Improve Product Speed to Market with Technology
A Novarica Research Partners Program™ report, based on conversations with chief information officers for large and midsized insurers, found that querying multiple databases during forms development can be a significant drain on resources and delay speed to market. To address these challenges, a number of product developers have requested improved forms management, including better tools for searching for and updating forms.
The top form management obstacles noted were:
- 60% inefficient distribution of institutional knowledge
- 45% reliance on IT for forms updates
- 25% manual processes
- 20% access to software/tools
- 20% difficulty locating forms/searching multiple forms