Research released by IT analyst firm Quocirca, in conjunction with business process platform KnowledgeKube from Mercato Solutions, reveals the insurance industry is potentially wasting up to 3,000 working hours per company per annum due to inflexible systems and old processes.
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Read MoreOne in three companies is putting their business at risk by storing data back-ups on-site.
Read MoreNew research shows poor IT results in stress, missed deadlines and hundreds of wasted hours.
Read MoreOver 50 per cent of UK businesses experienced outages of their information management systems in the last 12 months, with some suffering up to ten outages in the period. The main cause, at 73 per cent of respondents, was a systems or hardware failure, a survey by City Lifeline, the London data centre, reveals.
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