Charles Taylor InsureTech CTO on broker innovations

At a recent Cintra event on'Exploring the art of the possible: how ISVs innovate with machine learning and the cloud', a series of guest speakers detailed how machine learning has enabled the development of a broad range of organisations from retailers, to public service providers, to insurers. During the event, Tom Maleczek (pictured), CTO of Charles Taylor InsureTech, carried out a critical review of different cloud platforms and highlighted the current growth trajectory of cloud computing. Between Oracle, traditional technology providers moving into and promoting the cloud, new emerging organisations, and organisations that have traditionally been in communications seeing the importance of connectivity and building services to be consumed as needed, he said, this ecosystem is crowded and still growing. In 2019, the cloud services system was valued at US$225 billion, he said, and this is expected to grow in 2020 to between US$270 billion and US$300 billion, at an annual growth rate of approximately 20%. "This sort of growth," Maleczek said, "shows that cloud services must be helping businesses grow and tackle the challenges they have today."