For individuals, insurance for health and life is necessary. Now apply this to business: How and what should be insured? Besides other types of conventional insurance products for businesses (commercial lines), the health and life of a business is directly dependent on technology, on which an organization operates, grows, and expands. Technology (software and devices) that delivers a competitive edge can be considered a property (virtual and physical asset) of that organization, and hence needs to be insured. Technology protection and insurance! But what if the organization in focus is an insurance company? I am talking about insuring the insurer’s competitive advantage.
Not Connected? You Don’t Exist!
It is amazing to see that in the last decade, mobile phones have grown from a luxury to an integral part of every day life for billions around the world. The world, for many, would stand still if they have to lose their mobile phone or other devices, like laptops or tablets.
Life and the Business On the Go
“My business runs on (insert name of smartphone)” used to be a common notion, and is still true for many. More and more organizations are adopting this notion or are in the process of expanding the role of enterprise mobility. Mobile devices bring flexibility and extend functionality to an existing business infrastructure, and at the same time they seamlessly connect all the moving pieces within the ecosystem—data, employees, partners, and customers. Real-time notifications and collaboration make mobile the best available communication channel for businesses that’s not restricted by geolocation or time zone barriers.
Technology Protection: First Step Toward Ensuring Business Continuity
Organization needs to be confident about data availability in real time, but it also needs to ensure the devices on which employees access data are protected, warranted, or insured against loss due to theft, damage, or any incident. Backup and replacement devices should be accessed quickly in order to maintain business continuity. Technology protection companies provide services and solutions around device protection. These providers take care of rapid replacement coverage, device location, and data management. Additionally, they provide support to care for privacy, productivity, socializing, and even entertainment. Their services aren’t limited to business or consumers alike—they cover everyone. Key to the service is to have things moving and moving fast. Business cannot stop!
Technology for Technology Protection
There’s no question that technology helps business react quickly to the needs associated with expansion, penetrating new geographies, adding additional products to their portfolio, and establishing new partnerships. TIBCO’s infrastructure technology platform allows organizations to leverage existing assets and resources, and move organizations forward on the road to growth and expansion. Many of the world’s leading insurance and technology protection companies rely on TIBCO to gain their competitive edge. I say this: TIBCO insures insurer’s competitive edge and gets them on the road to growth and expansion.
To learn more, read this whitepaper on the Seven Principles for a Superior Mobile Integration Strategy.