Insurance Industry Investments in Data Can Create Significant Value | Market Insights™
December 7, 2022
Insurance Industry Investments in Data
Insurance Industry Investments in Data
AI Talent Locations
The most dangerous words regarding investing are, “This time, it will be different.” The same words often occur when planning for a recession. But, quite possibly, this time, it will be different. Why do we at Everest Group believe it may be different for the looming recession we now face? Because there is a confluence of trends that are different from past recessions.
ServiceNow Investments
The wealth management industry has massively changed in the past few years due to the democratization of wealth management services, generational wealth transfer, the rise of unconventional asset classes, and increased demand for hyper-personalized services. Next-generation investors are increasingly demanding that innovative products such as cryptocurrency and ESG-compliant sustainable investments be included in their portfolios. Robo-advisors are also offering personalized advisory services at affordable prices. Technology intervention is driving a shift in wealth management services, with the digital advisory model enabling innovative customer interaction.
Wealth management technology providers are developing end-to-end solutions to serve the entire value chain. They are also building a strong partnership ecosystem with WealthTechs, FinTechs, and hyperscalers to expand their market reach. Wealth managers are acknowledging the changing demand trends and are differentiating themselves by offering innovative products and hyper-personalized services.
In this report, we assess 16 wealth management technology providers’ vision & capability and market impact, based on which we categorize them as Leaders, Major Contenders, and Aspirants. The research will help wealth management enterprises select the right-fit technology provider for their needs, while technology providers will be able to benchmark themselves against the competition.
Scope:
LEARN MORE ABOUT Wealth Management Products PEAK Matrix® Assessment 2023
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
Process orchestration helps business users design, manage, and monitor end-to-end business processes. It is rapidly gaining traction across geographies and finding a wide range of use cases across business functions and verticals, as it can help improve operational efficiencies, ensure compliance, and improve workforce productivity. Recognizing market needs, technology providers are also evolving rapidly in terms of their product capabilities, features, and functionalities. However, to achieve success, it is critical for enterprises to select the right-fit process orchestration technology partners.
In this report, we study 18 process orchestration technology providers and position them on Everest Group’s PEAK Matrix®, categorizing them into Leaders, Major Contenders, and Aspirants based on their capabilities and offerings. The research will help buyers select right-fit technology providers for their needs and enable providers to benchmark themselves against each other.
What is in this PEAK Matrix® Report:
Everest Group’s PEAK Matrix® evaluation of 18 process orchestration technology providers and their categorization as Leaders, Major Contenders, and Aspirants
An overview of process orchestration products and different applications
Competitive landscape of the process orchestration technology provider market
Key process orchestration technology trends
Key strengths and limitations of each process orchestration technology provider
Scope:
Process orchestration software products that are sold on license, irrespective of any ongoing business or IT process outsourcing or managed services
All industries and geographies
Assessment based on Everest Group’s annual RFI process for the calendar year 2021, interactions with leading process orchestration technology providers, client reference checks, and an ongoing analysis of the process orchestration market
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
Revenue Cycle Management (RCM) platforms facilitate the management of administrative and clinical functions, such as claims processing, payment, and revenue generation, for healthcare facilities. Healthcare organizations are increasingly evaluating RCM platform providers based on the IT infrastructure and technical support they provide. End-to-end RCM solutions are becoming commonplace as more providers try to consolidate RCM services.
In this research, we assess 15 technology providers on the RCM Products PEAK Matrix®. Each provider profile presents a comprehensive picture of its product focus, key Intellectual Property (IP) / solutions, domain investments, and case studies.
DOWNLOAD THE FULL REPORT Revenue Cycle Management Platforms PEAK Matrix® Assessment 2023
Market trends for RCM platforms
Fifteen RCM platform providers on capability- and market success-related parameters
Enterprise sourcing considerations, highlighting the strengths and limitations of each RCM platform provider
Scope:
Industry: healthcare
Offering: RCM platforms
Geography: US
The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading RCM providers, client reference checks, and an ongoing analysis of the RCM products market
LEARN MORE ABOUT Revenue Cycle Management Platforms PEAK Matrix® Assessment 2023
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
Enterprises have been leveraging SAP for a decade to manage and streamline their day-to-day core business operations effectively. In recent years, SAP has expanded its predominantly on-premise enterprise products to the cloud and launched RISE with SAP. In line with this shift, providers are investing in tools and accelerators that enable enterprises to switch to the cloud with minimal issues and delays.
Also, enterprise expectations have shifted beyond traditional ERP modernizations to drive domain-specific innovations around customer and employee experience, and help enterprises adopt SAP business applications effectively. To address these expectations, providers are skilling talent across products and furthering partnerships with SAP, leading cloud vendors, and specialist technology partners to develop innovative client-centric solutions.
In this research, we assess 12 providers featured on the SAP Business Application Services PEAK Matrix® – Europe. Each provider profile provides a comprehensive picture of its service focus, key Intellectual Property (IP) / solutions, domain investments, and case studies.
DOWNLOAD THE FULL REPORT SAP Business Application Services PEAK Matrix® Assessment 2023 – Global
This report features detailed assessments, including strengths and limitations, of 12 providers that focus on SAP business applications services in Europe.
Scope:
The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading providers, client reference checks, and an ongoing analysis of the SAP business applications services market
All industries and Europe region
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
Enterprises have been leveraging SAP for a decade to effectively manage and streamline their day-to-day core business operations. In recent years, SAP has expanded its predominantly on-premise enterprise products to the cloud and launched RISE with SAP. In line with this shift, SAP service providers are investing in tools and accelerators that will enable enterprises to switch to the cloud with minimal issues and delays.
Also, enterprise expectations have shifted beyond traditional ERP modernizations to drive domain-specific innovations around customer and employee experience and help them adopt SAP business applications effectively. To address these expectations, providers are skilling talent across products and furthering partnerships with SAP, leading cloud vendors, and specialist technology partners to develop innovative client-centric solutions.
In this research, we assess 25 providers featured on the SAP Business Application Services PEAK Matrix®. Each provider profile provides a comprehensive picture of its service focus, key Intellectual Property (IP) / solutions, domain investments, and case studies.
This report features detailed assessments, including strengths and limitations, of 25 providers that focus on SAP business application services.
Scope:
The assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with leading providers, client reference checks, and an ongoing analysis of the SAP business application services market
All industries and geographies
The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
©2023 Everest Global, Inc. Privacy Notice Terms of Use Do Not Sell My Information
"*" indicates required fields
