Introduction
What is Innovation?
Sources of Innovation
Cloud Computing and Innovation
Top Five ways to use cloud for innovation
Q/A
What is Innovation? Lets Define
“The process of translating an idea or invention into a good or service that creates value or for which customers will pay.”
Source – BusinessDictionary.com
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WHAT IS INNOVATION
What is Innovation? Lets Define
“The process of translating an idea or invention
into a good or service that creates value or for
which customers will pay.”
Source – BusinessDictionary.com
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CLOUD INNOVATION
For Example:
Forrester predicts that
more than 50 percent
of global enterprises
will rely on at least on
public cloud platform
to drive digital
transformation and
delight customers.
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LETS THINK ABOUT THIS!
“Business has only two functions— Marketing and
Innovation”
Milan Kundera- Author
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SOURCES OF INNOVATION NOW
Your own Employees
Your Partners
Vendors/Integrators and Resellers
Competitors
Evolution of Technology
Planning or by accident
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LETS GET STARTED. CLOUD COMPUTING TOP
FIVE
Cloud Computing is more than just resources
and services.
Cloud Computing is an enabler. Is your
organization enabled?
Cloud Computing is dynamic not static.
Cloud Computing is Agile. Use this feature to
your enterprises advantage.
Innovation and Cloud Computing are
complementary.
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LETS GET STARTED. CLOUD COMPUTING TOP
FIVE
Lets discuss the
top Cloud Based
Innovative
technologies.
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CLOUD COMPUTING TOP FIVE - #5 AI/ML
AI/ML – The Cloud Providers have robust
solutions are AI/ML
Automated Intelligence (AI) brings IT and
computing to life.
Through AI, machines and devices can learn
and improve. They can become largely
autonomous and enable us to achieve much
more as businesses, communities and
individuals
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Did you know that Automated Intelligence is
used more and more in insurance?
AI will drive savings for insurance carriers,
brokers and policyholders, plugging into existing
transformations within the insurance industry.
Behavioral Policy Pricing
Coverage Personalization
CLOUD COMPUTING TOP FIVE - #5 AI/ML
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CLOUD COMPUTING TOP FIVE - #4
Big Data Services– The Cloud Providers provide
both innovative and cost effective solutions for
Ingest and process data from sources
Create charts and graphics visual
representation.
Using Hadoop, and user friendly BI interfaces
and tools, there’s no need to build data
warehouses or to employ a huge team of data
scientists.
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CLOUD COMPUTING TOP FIVE - #4
Big Data is just plain critical to your competitive
edge. Insight is everything
Did you know that Facebook’s motto was “move
fast and break things.” With Facebook, the idea
was to implement as many features and explore
as many opportunities as possible. If a feature
broke, they could fix it and improve it.”
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CLOUD COMPUTING TOP FIVE - #3 IOT
Internet of Things. Yes, the Internet of Things
(IoT) is gaining rapid adoption from all industries
and verticals.
IoE relies on machine to machine
communications, data, processes, and how
humans communicate with everything in their
environment.
The insurance industry will benefit here.
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CLOUD COMPUTING TOP FIVE - #3 IOT
Internet of Things and innovation is already in
use in the Insurance Industry.
Ted Gramer of TrueMotion, a company
providing smartphone telematics to help
insurance companies identify the best drivers
and thus price more profitably.
“Connected car and mobile technology can
enable the next generation of insurance
products”
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CLOUD COMPUTING TOP FIVE - #3 IOT
The trend in
insurance is
more devices
and more
information
collection.
Use Based
Policies.
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CLOUD COMPUTING TOP FIVE - #2
BLOCKCHAIN
Blockchain is more than cryptocurrency.
“Blockchain is a truth machine”
Blockchain enables enterprises to reduce that
intermediary.
Blockchain provides “transparency” distributed,
peer-to-peer ledger of records called blocks that
is virtually incorruptible. Every block links to a
previous block and has a time and date stamp. It
is self-managed and does not require
coordination from an intermediary.
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CLOUD COMPUTING TOP FIVE - #2
BLOCKCHAIN
“The potential for blockchain technology to
disrupt the insurance industry and change the
way we share data, process claims and prevent
fraud is intriguing, but we’re still in the very early
days of its exploration and implementation—on
the radar of innovative insurance industry
pioneers but not close to widescale adoption.”
Bernard Marr
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CLOUD COMPUTING TOP FIVE - #2
BLOCKCHAIN
Blockchain as a Service (BaaS)
IBM, MS Azure and AWS all have BaaS
solutions.
Most Support Hyperledger, Ethereum and Corda
Enables organization to spin up a Blockchain on
the fly in the cloud.
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CLOUD COMPUTING TOP FIVE - #1 ZERO TRUST
SECURITY
The Zero Trust Network, or Zero Trust
Architecture, model was created in 2010 by John
Kindervag, who at the time was a principal
analyst at Forrester Research Inc.
Zero Trust security will become even more
tightly integrated with -- and integral to the
success of -- all leading cloud platforms.
Trust No One. Inside or Out.
Framework not a technology. Risk Reduction
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CLOUD COMPUTING TOP FIVE - #1 ZERO TRUST
SECURITY
Zero Trust is a security
concept centered on the
belief that organizations
should not automatically
trust anything inside or
outside its perimeters and
instead must verify
anything and everything
trying to connect to its
systems before granting
access.
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SOME FACTS ABOUT SECURITY BREACHES.
ZERO TRUST
Did you know that insider threats are the cause
of the biggest security breaches out there, and
they are very costly to remediate?
According to a 2017 Insider Threat Report, 53
percent of companies estimate remediation
costs of $100,000 and more, with 12 percent
estimating a cost of more than $1 million
In the 2017 Data Breach Study, conducted by
Ponemon Institute and sponsored by IBM, found
that the global average cost of a data breach is
$3.62 million