Introducing the Rubik’s Cube Supplier Segmentation Approach: Navigating the Talent Crisis by Engaging Specialist IT Service Providers
Market Report

24 Jun 2022
by Ronak Doshi, Pranati Dave, Aaditya Jain, Kriti Gupta, Shrey Kalawatia, Priyanshi Gupta

Digital transformation is a top priority for BFS and insurance enterprises to survive the impact of overarching geo-political and pandemic risks, emerging challenges from digital disruptors such as InsurTechs and FinTechs, the poor interest rate environment, and talent shortages accompanied by the Great Resignation. In fact, organizations are struggling to find and retain talent with skills that are important for future readiness. The better talent value proposition that BigTechs and digital disruptors offer is exacerbating this challenge for enterprises, including large global IT services organizations.

In this report, we highlight the challenges that BFS and insurance enterprises face and present the Rubik’s Cube supplier segmentation approach – an approach to segment different types of service providers to build an optimal sourcing strategy.

Scope

Domain: BFS IT services, insurance IT services

Industry: BFS and insurance

Geography: global

Contents

In this report, we:

  • Examine the key drivers and challenges for BFS and insurance enterprises’ digital transformation journeys
  • Study the ongoing talent crisis and engagements with specialist service providers to navigate these challenges using the Rubik’s Cube supplier segmentation approach
  • Profile 77 BFS and insurance specialist IT service providers headquartered across North America and Europe

Membership(s)

Banking Information Technology

Insurance Information Technology

Sourcing and Vendor Management

 

Page Count: 93