IBM Insurance Service Hub Cloud’s pay-per-use model gains momentum

More than a dozen clients are currently leveraging the IBM Insurance Service Hub Cloud’s pay-per-use model to improve communication management and drive innovation, including ERGO as first mover for its health insurance branch in Germany, and Generali for its health insurance subsidiary, Central.

Among the major operational functions inside organizations that are being transformed by cloud technology is human resources. Globalization, mobility, acquisitions and entry into new markets are changing the workplace.

As a result, chief human resource officers (CHROs) are becoming key partners in delivering value and competitive advantage in support of the business’ strategy and growth. Software as a service (SaaS) solutions and other cloud-based services for human capital management (HCM) are enabling HR departments to meet rapidly changing needs, reshaping how they recruit, train, engage, evaluate and reward employees.

IBM Insurance service

IBM is developing an HR cloud accelerator, a focused yet flexible offering designed to provide CHROs with a strategy and roadmap for achieving the business benefits, as well as the supporting rationale, by deploying a cloud-based HCM solution versus staying with their existing on-premise solution.

For example, IBM helped a global supermarket chain with more than 68,000 employees move from a highly customized on-premise HCM tool to single global cloud-based solution to support the client’s future growth plans.

As result, the client has been able to launch self-service talent management processes; improved performance, compensation and succession planning, and enhanced its workforce analytics capabilities, all while reducing overall costs.

IDC forecasts the worldwide cloud professional services market to grow at a five-year compound annual growth rate (CAGR) of 24.8 percent between 2012 and 2017.

To meet the growing global demand for cloud consulting services, IBM is expanding its portfolio of offerings to address the full spectrum of today’s client requirements, from fast and simple entry with a single application to the most advanced enterprise-wide implementations of cloud.

IBM’s fast-start industry solutions join its portfolio of cloud services and capabilities, including the recent launch of its Cloud Suites for the C-Suite, a catalog of 110 roles-based SaaS applications that help C-suite leaders and their departments drive better business results from cloud offerings tailored to their functions.

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