The document discusses the role of information technology in implementing IFRS 17. It notes that IFRS 17 is a complex, principle-based standard that requires extensive calculations and high-quality data for disclosure and global comparability. It states that properly implementing IFRS 17 will require sophisticated data extraction, transformation and loading, master data management, use of microservices and actuarial software, appropriate databases, and reporting in XBRL format. Technology is crucial to effectively meeting the requirements of the new standard.