Prakash Viswanathan, Founder & CEO, Gradatim: The Need For Speed: Launching Products In Days, Not Weeks
#OutlookMoney #Insurance #InsuranceSummit2023
#OutlookMoney #Insurance #InsuranceSummit2023
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00:00 You have to get the core to do things faster.
00:07 That's the most important thing today.
00:09 When we talk about launching a product, it's not just about product configuration, it's
00:14 about you get a product specification with you.
00:17 Can I put this in the market in three days' time?
00:20 IRDA has told you, go ahead and now sell it, right?
00:24 You don't have to wait for IRDA to give you a permission to do that.
00:29 So if I get a specification from my business team or my product team, can I get it out
00:33 in three, five days into the market?
00:37 That's what we are talking about today in terms of speed.
00:41 We have heard about IT architecture.
00:44 It's a term that all of us use in the industry.
00:48 We complicate it a lot.
00:50 And many often when I go and see insurance companies, I notice that they say that I have
00:55 50 systems working, I have 70 systems working together for me.
01:00 I think we need to change that narrative a little bit and say instead of 50 applications
01:04 being there, why can't we have 50 services being there?