January 2017 - There are sea changes that impact IT organizations that create significant value, transform how business is transacted and cause IT strategies to be redesigned. XaaS is one of these sea changes. XaaS will change how IT organizations are structured, financially managed, and interact with internal and external partners.

XaaS (“Anything as a Service”) continues to build momentum as more service providers add features, solve technical concerns, improve performance, and understand business operating models of various industry verticals. This is certainly the case with the Insurance industry.

This checklist is designed to help insurer CIOs think broadly when evaluating how and where to implement XaaS into the IT strategy. This checklist provides important areas of attention to ensure the impact and potential of XaaS is completely realized.

The Checklist

• Review current business processes with a critical eye
• Define value add processes and align to benefit targets
• Implement Rent vs Buy vs Build model
• Prepare for organizational shift, not just technology shift
• Shift primary focus to data and analytics capabilities