London, United Kingdom
23 August 2007 The
Build vs. Buy Debate
Report Published by Celent
Key points of consideration for any insurer
undertaking the build vs. buy debate include assessing the uniqueness of
need and IT software maturity.
The business case for new core systems is
clear to many insurers who are laden with antiquated systems. What is less
apparent is the approach they should take in addressing this problem. In a
new Celent report, The Build vs. Buy Debate, the advantages and
disadvantages of building versus buying packaged software are considered.
"There are undoubtedly pros and cons
to each approach," notes Catherine
Stagg-Macey, senior analyst and one of the authors of the report. “These
need to be carefully considered when choosing one approach over the other.”
This report examines some of the
rationales, advantages, and disadvantages of each path. While there is no
single option that is universally best, Celent recommends that insurers
carefully consider immediate and long-term needs and costs, project risk,
and organizational capabilities as part of the build vs. buy decision
process.
The 15 page report contains
two figures. A table of contents is
available online.
|
