A study from IBM Business Consulting Services released today claims that financial institutions are unable to quantify the benefits of IT investment in 70% of cases.
IBM attributed this to a lack of data and metrics.
The study, which looked at 165 large IT projects at leading European financial services companies, found that one-third of projects run over time, one-fifth run over budget and one-fifth fall short of planned functionality.
The study concluded that financial services companies need to learn from portfolio management if they are to improve IT performance.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
