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Where Are The Experts? By Howard Kennedy Dec 7, 2007 at 02:18 PM ET Someone sent me a column by computer-industry consultant Kathleen Dollard about the pace of change. It started me thinking that there are two great forces that are going to impact our industry. The first is the rate of change in technology. The second is more subtle but just as important — the rate of retirements in our industry. Over the next ten years, our industry will look very different. Futurist Ray Kurzweil postulates that the rate of change over the next 100 years will be more like 20,000 years of change. We can look at the rapid-version histories of Java and the .NET Framework as examples of the rate of change. New technologies are going to burst on the scene, and we'll need to embrace them. Sometimes external events like September 11 force us to embrace change. In the old days, we all knew the guy who knew every line of code in a particular system written in COBOL or RPGIII. That guy is gone, replaced by teams using several different languages. If we look at the population changes of the professionals, we can expect that over the next 20 years, a generation will be retiring. Those of us who have been around awhile all know someone who has retired or will retire soon. Companies are starting to appreciate the issue. They are changing policies to encourage people to work longer. To some extent, the fact that we serve a conservative client base will mediate the need to adopt new technologies. We as professionals should recognize that we'll need to learn new and varied technologies. Our clients will be looking for companies that have experts and can retain them. Topics: Policy Administration This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers. Community standards in the message center do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this forum becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service. Important Note: The Message Center is NOT intended for commercial messages or solicitations of business.
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WHITEPAPER Insurance 2020: Now what? In todayŐs competitive insurance industry, the challenges are many and there is much uncertainty.To survive and thrive, insurers must seek new models and strategic success that enable innovation and increase profitability. |
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