Q&A with Tom Raftery, Global VP at SAP

MEDIA 7 | September 19, 2019

Tom Raftery, Global VP at SAP is an Innovation Evangelist, Futurist, and international Keynote speaker. Prior to joining SAP, Tom worked for a number of companies at Group IT Manager/CTO level, and as an Industry Analyst. Tom is a global thought leader and ranks among the top 10 Internet of Things influencers in the world. 

MEDIA 7: If I were to say to a bunch of people who know you, ‘Give me three adjectives that best describe you’, what would I hear?
TOM RAFTERY: 
I would like to think that I am a good communicator, maybe smart and hopefully generous. You will have to ask people other than myself though. They would be a better judge.

M7: What is the role of a technology influencer in driving environmental sustainability?
TR: 
The role of someone like me would be to raise awareness of the issues that are happening and potential solutions to them, particularly technological solutions. A lot of people are busy in their day-to-day lives and they might not be aware of some of the more pressing environmental issues that are happening in the world and that might impact them. So, raising awareness with people, of the importance of these issues, and the potential technological solutions to them is the role I think that influencers should be playing.


"Raising awareness with people, of the importance of environmental issues, and the potential technological solutions to them is the role that influencers should be playing."

M7: SAP is celebrating the 10th anniversary of strategic sustainability this year. What are the initiatives being taken by the company to help the world run better and achieve the UN sustainable development goals by 2030?
TR:
We are involved in a lot of different projects in this front. We work for example, with Vestas Wind Systems who are the only global energy company dedicated exclusively to wind energy. We help them with their backend systems to help optimize the delivery of windfarms and turbines to windfarms, so that they are keeping their costs down and deploying the windfarms with the highest efficiency. We work with Munich Re and the European Space Agency. Munich Re are one of the largest reinsurance companies in the world and for them, they need to predict, and try and mitigate the damage of natural disasters. We use data from European Space Agency to help Munich Re do that.

We work with Brazilian company, Stara who are an agricultural company. They manufacture agricultural equipment, and the work we do with them is what’s called precision agriculture. Precision agriculture means that we can help their machines be far more precise in things like spreading fertilizers, spreading seeds to make sure that the seeds don’t overlap, the fertilizer doesn’t overlap and you’re doing it row by row. You have to sow the seeds and spread the fertilizer very accurately to avoid an overlap. Because if you have overlap with fertilizer, it can reach toxic levels and damage the plants that you are trying to help. If you have overlap in seeds, you can have excess competition between the seeds and then you get reduction in yield. Whereas if you are optimizing using precision agriculture, you are massively reducing your inputs and you are maximizing your outputs. So, you are able to feed more people with less land and less resources which obviously, as we are reaching higher population levels year-on-year, this becomes more and more important.

We work with NGOs like this one in Africa, called Elephants, Rhinos and People which was founded to preserve and protect the wild elephants and rhinos in Southern Africa. We work with local people to make sure that it’s more profitable for them to protect wildlife than it is to be poaching wildlife. We put collars on elephants and rhinos with geo-tracking in them. We use drones, to track the elephants and rhinos and if they start approaching borders of the parks that might expose them more to poaching. We send off alerts and help move them back into places where they are safer. Since we started the initiative in that area, no elephants rhinos, or humans have been harmed since the deployment of the tracking.

We work with Swiss Federal Railways, the largest energy consumer in Switzerland and they are also an energy producer - they produce electricity. So, we work with them to help reduce the peak loads, the peak demand for electricity by flattening their load which then means, they don’t need to build extra generation plants, reducing their carbon footprint and making their organization more efficient.


"Making our workforce aware of what we are doing as our external constituents is important for our employees to feel engaged and part of something important."

M7: You have been on the SmartCitiesWorld Advisory Board. How does SmartCitiesWorld help in developing smart cities of the future?
TR:
The SmartCitiesWorld is a publication. It raises awareness of smart cities initiatives that cities can take to make the cities run better, reduce their energy requirements, reduce their footprint, increase their air quality, reduce noise pollution, and lots of different initiatives like that. So, as a publication, it’s primarily responsible for raising awareness and helping cities find better ways to increase quality of life for their constituents.

M7: How does SAP embrace an innovative culture in the company?
TR:
Obviously, as a technology company it is very important for SAP to embrace an innovative culture in the company and what the company typically does is, it spends a lot of money on research and development and it does a lot of communication internally and externally highlighting the innovative solutions that we have come up with for our customers. And making our workforce aware of what we are doing as our external constituents because it’s important for our employees to feel engaged and part of something important. And as a consequence, every time, every year, we run this survey internally on how happy our employees are working for SAP. And our rate of employee retention is extremely high.

It’s not unusual in Europe to talk to SAP employees who have been working for the company for 10 or more years, which in the technology industry is unusual. So, that’s how we embrace the innovative culture and we talk of the things that we do, we work closely also with our customers because we do a lot of co-innovation projects with our customers where we take our customers into our co-innovation centers and we talk through their problems with them and come up with innovative ways to solve any particularly gnarly issues that they might have.


"A lot of people are busy in their day-to-day lives and they might not be aware of some of the more pressing environmental issues that are happening in the world and that might impact them."

M7: What is your favorite part of working at SAP?
TR:
I started working for SAP in September 2016, so it’s just over 3 years ago now. And, prior to working with SAP, I had worked primarily with startups and small companies. I have never worked with a global mega vendor before. So, I was wondering what it would be like and I had my doubts, and if you would ask me in 2016, I would have said, “Yeah, I’ll probably last about three months with SAP”. But, three years later, here I am. And, a lot of that is down to the fact that the company is so big, and it has close to 100,000 employees, it means there are always people I can approach, if I need help in any country or in any industry. Because my role is across industry. So, if I need to talk to somebody who is in the transportation industry, I can just go straight to the transportation business unit and talk to people there. If I need to talk to people in the hospitality industry, same story. If I need to talk to people in the airline industry, the mining industry, the electricity industry, we cover all industries, we cover all regions globally. And, there’s a culture within SAP of helpfulness which is great. Apparently, it’s unusual. For me, it’s the norm if people bring up and ask me for help, I would say, “Yeah sure, absolutely, no problem.” And that’s the way most people in SAP are! You pick up the phone or send an email, and they are happy to help, no matter what. Apparently, that’s not the norm for big companies, but it is the norm for SAP which is great and that’s why I love working for SAP.  

M7: When did you start working, how old were you, and what was it?
TR:
My first job was when I was 14. I worked on a building site where I was a builder’s mate, helping raise the scaffolding on the building and also help ferry bricks that were delivered to the site from the ground up to the brick layers on the top floor. So, that was my first job.

ABOUT SAP

SAP is a global software application vendor. SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. Our end-to-end suite of applications and services enables our customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improves people’s lives.

More THOUGHT LEADERS

“Crypto trading will only get bigger from here” says Simon Grunfeld, VP of Crypto at SIMBA Chain

Media 7 | May 24, 2022

Simon Grunfeld, VP of Crypto at SIMBA Chain talks about solution to provide secure messaging in the blockchain for the DoD, new launches, white-label NFT marketplaces, go to strategy’s, etc. Read on to learn more about SIMBA Chain’s token-driven ecosystem....

Read More

Q&A with Ovwighose Kate, Head of Marketing and Growth Lead at Peexoo Technologies

Media 7 | September 24, 2021

Ovwighose Kate, Head of Marketing and Growth Lead at Peexoo Technologies, has extensive knowledge of marketing. She helps startups get exponential growth through growth hacking, effective marketing and product strategies. She has worked with different startups over the years and has seen amazing results....

Read More

Q&A with Germaine Moody, Founder at Shop Atlanta Network

Media 7 | August 11, 2021

Germaine Moody, Founder at Shop Atlanta Network, is one of the most connected professionals in the world, with colleagues and business allies in all 195 countries and territories. He is a global networking event pioneer and a three times BizBash Magazine Reader's Choice Awards, Event Producer Of The Year nominee, among top event producers worldwide. He is also a voting member for the Grammys, or Recording Academy, for the International Fashion Film Awards, and an Advisory Panel member for Bloomberg Businessweek Insight Exchange. His book "The 40 Laws of Networking,” is the largest global collaboration on any book in publishing history and includes entrepreneurs, multimillionaires, serial networkers, government leaders, and business professionals in 130 countries as contributors. He is also the author of “50 Seeds of Greatness” and “5 Rules For Networking With Millionaires & Billionaires”. A conduit of greatness, game-changer, idea generator, and world motivator, Germaine lives with a personal mission to empower and revive the spirit of genius in all people....

Read More

“Crypto trading will only get bigger from here” says Simon Grunfeld, VP of Crypto at SIMBA Chain

Media 7 | May 24, 2022

Simon Grunfeld, VP of Crypto at SIMBA Chain talks about solution to provide secure messaging in the blockchain for the DoD, new launches, white-label NFT marketplaces, go to strategy’s, etc. Read on to learn more about SIMBA Chain’s token-driven ecosystem....

Read More

Q&A with Ovwighose Kate, Head of Marketing and Growth Lead at Peexoo Technologies

Media 7 | September 24, 2021

Ovwighose Kate, Head of Marketing and Growth Lead at Peexoo Technologies, has extensive knowledge of marketing. She helps startups get exponential growth through growth hacking, effective marketing and product strategies. She has worked with different startups over the years and has seen amazing results....

Read More

Q&A with Germaine Moody, Founder at Shop Atlanta Network

Media 7 | August 11, 2021

Germaine Moody, Founder at Shop Atlanta Network, is one of the most connected professionals in the world, with colleagues and business allies in all 195 countries and territories. He is a global networking event pioneer and a three times BizBash Magazine Reader's Choice Awards, Event Producer Of The Year nominee, among top event producers worldwide. He is also a voting member for the Grammys, or Recording Academy, for the International Fashion Film Awards, and an Advisory Panel member for Bloomberg Businessweek Insight Exchange. His book "The 40 Laws of Networking,” is the largest global collaboration on any book in publishing history and includes entrepreneurs, multimillionaires, serial networkers, government leaders, and business professionals in 130 countries as contributors. He is also the author of “50 Seeds of Greatness” and “5 Rules For Networking With Millionaires & Billionaires”. A conduit of greatness, game-changer, idea generator, and world motivator, Germaine lives with a personal mission to empower and revive the spirit of genius in all people....

Read More

Related News

MANAGEMENT

Pipedrive Announces Expansion Strategy for its Marketplace Ecosystem in 2023

Pipedrive | March 08, 2023

Pipedrive, the simple and effective sales Customer relationship management (CRM) for small businesses, announced that it has reached 400 app integrations on a constantly expanding ecosystem, the Pipedrive Marketplace, designed to let users sync business data seamlessly. Pipedrive also confirmed its expansion strategy for the ecosystem in 2023 in order to continue delivering value to its customers and assist them in closing more deals more quickly. With over 400 app connectors and integrations, the Pipedrive Marketplace enables users to synchronize their data across multiple systems all in one place. Shaun Shirazian, CPO of Pipedrive, said, “Our ecosystem is all about amplifying Pipedrive’s value.” He added, “How effective a CRM is depends on how well it interfaces with the rest of the organization and the tools used by different teams. By integrating Pipedrive, an easy-to-use and effective sales-first CRM, with apps available through our third-party ecosystem, we can offer small businesses a complete, customizable and agile tech stack that covers the revenue management lifecycle and supports their growth.” (Source – Business Wire) “With a user satisfaction rating of over 4.25 out of 5, the ecosystem has already become integral for most Pipedrive customers,” further stated Shirazian. “Today, nearly 60% of Pipedrive’s total userbase and more than 82% of its high-value customers have integrated their CRM with other apps. We hope to see that percentage grow this year by expanding the selection of available apps in our Marketplace.” (Source – Business Wire) Over 132,000 users downloaded at least one application from the Pipedrive Marketplace in 2022. Bots and messaging, marketing automation, phone and video calls, and lead generation were the most popular app categories. Earlier this year, Pipedrive API was acknowledged as one of the most prominent APIs for developers by Postman, the world's leading public center for API design, development, and testing. About Pipedrive Pipedrive, founded in 2010, is a global CRM and intelligent revenue management solution for small businesses. The company is currently utilized by revenue teams at over 1,000,000 enterprises around the globe. Pipedrive's headquarters are in New York, and maintains offices throughout Europe and the United States. It is supported by Vista Equity Partners, Insight Partners, Bessemer Venture Partners, Atomico, DTCP, and Rembrandt Venture Partners.

Read More

TECHNOLOGY, IDEAS

Unlocking growth for Small and Medium Businesses: Analytix Solutions Launches Business Transformation Division

Analytix | March 17, 2023

Analytix Solutions has recently launched Business Transformation Services for small to mid-market sized companies. The new Business Transformation Services division will focus on offering Strategic Business Consulting, Operational Consulting, and Automation Services. Each of these services is meticulously designed to help SMBs create a scalable business model, boost profits, drive innovation and stay ahead of the competition. Led by Alok Bhatt – Senior Vice President of Analytix, Business Transformation division will help clients with their strategic objectives, optimize processes and automate systems to achieve operational excellence. Alok has 17+ years of experience being a trusted transformation partner to both SMB and Fortune 500 clients. He holds a Six Sigma Black Belt, an MBA and has an engineering degree. "Our clients have expressed an interest in optimizing their cost of operations and modernizing their business through digital transformation. Analytix now offers our SMB clients Business Transformation services, which were previously only available to large companies. A strong team of consultants and automation experts will be set up to provide this high value and high impact service to our clients." Alok said. Analytix Business Transformation division is poised to help SMBs scale their businesses by providing access to affordable consulting and automation services. The Business Transformation team possesses extensive experience in business consulting along with a deep understanding of industry specific processes and relevant technology offerings. Our Strategic Business Consulting Services offer solutions to specific business problems and initiatives. We specialize in Business Process Management, where we help our clients define and document their processes along with building the right controls to drive performance and compliance. We also review the technology landscape of our clients to create a roadmap for digital transformation. We help our clients reduce their customer churn by improving their customer experience. Our risk advisory services help with compliance to industry process standards like ISO, data privacy, SOC2, HIPAA, and management of financial, operational, information security, and regulatory risks. Our Business Transformation Team also offers Operational Consulting Services that focus on cost optimization by improving operational efficiencies. We implement a three-pronged solution: restructuring the organizational design based on capability vs capacity including leveraging of offshoring solutions, streamlining processes with LEAN and Six Sigma, and automating manual, and repetitive tasks. This helps clients achieve cost optimization while driving higher innovation. Third and the most interesting part of our services is the Automation. Analytix provides a unique approach by offering Automation-As-A-Service, where clients pay a minimal upfront fee for process assessment and then the benefits of automation are shared between the client and Analytix. This "gain-share" model is a win-win for both parties as the client pays only a share of the total effort saving benefits that Analytix has delivered. Our automation team has developed various tools and integrations that deliver quick results for clients. We offer process-based and dataflow based automations through the latest platforms available today. Our cloud-based automation tools require zero-code change in the client tech-eco system and provide web-based orchestrator controls to start, stop or schedule automations. John Matthew, COO of Analytix explains, "Transforming business processes to make operations more efficient can help businesses realize exponential results to both productivity and profitability. Mid-market sized businesses can often benefit the most from business transformation. Adding Business Transformation to our offerings as a single-source solutions provider is a natural progression in our business strategy, as we identify ways to support our clients' business growth. This is an area where we can really, positively impact our clients and partners, implementing innovative measures to increase their business's profitability while reducing overall costs." About Analytix Analytix Solutions is a single source solutions provider, dedicated to providing core business services to clients across a range of industries since more than 15 years. Our experienced team of professionals deliver services and solutions that empower small and midsize companies to make informed business decisions that lead to long-term growth and profitability. We provide finance, accounting, IT, data management, virtual assistant, healthcare, and audiovisual (AV) solutions to a range of industries. Deep, cross disciplinary expertise, coupled with our ability to integrate technology and automation into our solutions uniquely position us to help our clients thrive and grow in a competitive market.

Read More

MANAGEMENT

Innoveo Launches Accelerator for Small Commercial Insurance

Innoveo | March 16, 2023

On March 15, 2023, Innoveo, a leading provider of no-code technology for insurance enterprises, announced the release of its accelerator for the small commercial insurance space. The accelerator aims to empower insurers to quickly launch and offer personalized insurance to the booming small and medium enterprises (SME) market. To improve penetration in this flourishing market, the accelerator offers customizable insurance products that allow small businesses to adjust their coverage to their specific needs. The user-friendly digital interface simplifies the insurance purchasing process. At the same time, automated underwriting and real-time data analysis enable enterprises to analyze their risks and make informed decisions about their coverage. By using this accelerator, innovative insurers can swiftly develop in this burgeoning yet underserved market, increase customer loyalty, and drive informed cross- and up-sell opportunities. Innoveo's Small Commercial Insurance Solution also provides many benefits to small business owners, including streamlined processes, cost savings and improved customer experience. Small business insurance provides vital financial protection against a wide range of risks, giving business owners peace of mind. A BOP combines commercial liability insurance, commercial property insurance, business interruption insurance, commercial auto insurance, professional liability insurance and worker's compensation insurance. The Small Business insurance accelerator adds to the leading Innoveo Skye platform, which includes ready-made accelerators and products that can be adjusted and configured to insurer needs. In addition, Innoveo's integrated development environment automates a substantial percentage of the application development process, resulting in 5-10x productivity improvements with up to 75% fewer technical resources. About Innoveo Founded in 2007, Innoveo is a leading provider of no-code technology for the insurance industry. The company is headquartered in Zurich, Switzerland, and has offices in New York, Hong Kong, Budapest, and Valencia. Its mission is to empower insurers to rapidly develop and deploy innovative products and services to meet the evolving needs of their customers. Innoveo's no-code platform, Innoveo Skye, allows insurers to quickly build and customize insurance products without extensive coding or technical resources. This enables insurers to quickly bring new products to market and respond to changing market demands. Its solutions have been widely adopted by some of the world's leading insurers, including AIG, Zurich, and Generali. The company has also won numerous awards for its innovative technology and commitment to customer success.

Read More

MANAGEMENT

Pipedrive Announces Expansion Strategy for its Marketplace Ecosystem in 2023

Pipedrive | March 08, 2023

Pipedrive, the simple and effective sales Customer relationship management (CRM) for small businesses, announced that it has reached 400 app integrations on a constantly expanding ecosystem, the Pipedrive Marketplace, designed to let users sync business data seamlessly. Pipedrive also confirmed its expansion strategy for the ecosystem in 2023 in order to continue delivering value to its customers and assist them in closing more deals more quickly. With over 400 app connectors and integrations, the Pipedrive Marketplace enables users to synchronize their data across multiple systems all in one place. Shaun Shirazian, CPO of Pipedrive, said, “Our ecosystem is all about amplifying Pipedrive’s value.” He added, “How effective a CRM is depends on how well it interfaces with the rest of the organization and the tools used by different teams. By integrating Pipedrive, an easy-to-use and effective sales-first CRM, with apps available through our third-party ecosystem, we can offer small businesses a complete, customizable and agile tech stack that covers the revenue management lifecycle and supports their growth.” (Source – Business Wire) “With a user satisfaction rating of over 4.25 out of 5, the ecosystem has already become integral for most Pipedrive customers,” further stated Shirazian. “Today, nearly 60% of Pipedrive’s total userbase and more than 82% of its high-value customers have integrated their CRM with other apps. We hope to see that percentage grow this year by expanding the selection of available apps in our Marketplace.” (Source – Business Wire) Over 132,000 users downloaded at least one application from the Pipedrive Marketplace in 2022. Bots and messaging, marketing automation, phone and video calls, and lead generation were the most popular app categories. Earlier this year, Pipedrive API was acknowledged as one of the most prominent APIs for developers by Postman, the world's leading public center for API design, development, and testing. About Pipedrive Pipedrive, founded in 2010, is a global CRM and intelligent revenue management solution for small businesses. The company is currently utilized by revenue teams at over 1,000,000 enterprises around the globe. Pipedrive's headquarters are in New York, and maintains offices throughout Europe and the United States. It is supported by Vista Equity Partners, Insight Partners, Bessemer Venture Partners, Atomico, DTCP, and Rembrandt Venture Partners.

Read More

TECHNOLOGY, IDEAS

Unlocking growth for Small and Medium Businesses: Analytix Solutions Launches Business Transformation Division

Analytix | March 17, 2023

Analytix Solutions has recently launched Business Transformation Services for small to mid-market sized companies. The new Business Transformation Services division will focus on offering Strategic Business Consulting, Operational Consulting, and Automation Services. Each of these services is meticulously designed to help SMBs create a scalable business model, boost profits, drive innovation and stay ahead of the competition. Led by Alok Bhatt – Senior Vice President of Analytix, Business Transformation division will help clients with their strategic objectives, optimize processes and automate systems to achieve operational excellence. Alok has 17+ years of experience being a trusted transformation partner to both SMB and Fortune 500 clients. He holds a Six Sigma Black Belt, an MBA and has an engineering degree. "Our clients have expressed an interest in optimizing their cost of operations and modernizing their business through digital transformation. Analytix now offers our SMB clients Business Transformation services, which were previously only available to large companies. A strong team of consultants and automation experts will be set up to provide this high value and high impact service to our clients." Alok said. Analytix Business Transformation division is poised to help SMBs scale their businesses by providing access to affordable consulting and automation services. The Business Transformation team possesses extensive experience in business consulting along with a deep understanding of industry specific processes and relevant technology offerings. Our Strategic Business Consulting Services offer solutions to specific business problems and initiatives. We specialize in Business Process Management, where we help our clients define and document their processes along with building the right controls to drive performance and compliance. We also review the technology landscape of our clients to create a roadmap for digital transformation. We help our clients reduce their customer churn by improving their customer experience. Our risk advisory services help with compliance to industry process standards like ISO, data privacy, SOC2, HIPAA, and management of financial, operational, information security, and regulatory risks. Our Business Transformation Team also offers Operational Consulting Services that focus on cost optimization by improving operational efficiencies. We implement a three-pronged solution: restructuring the organizational design based on capability vs capacity including leveraging of offshoring solutions, streamlining processes with LEAN and Six Sigma, and automating manual, and repetitive tasks. This helps clients achieve cost optimization while driving higher innovation. Third and the most interesting part of our services is the Automation. Analytix provides a unique approach by offering Automation-As-A-Service, where clients pay a minimal upfront fee for process assessment and then the benefits of automation are shared between the client and Analytix. This "gain-share" model is a win-win for both parties as the client pays only a share of the total effort saving benefits that Analytix has delivered. Our automation team has developed various tools and integrations that deliver quick results for clients. We offer process-based and dataflow based automations through the latest platforms available today. Our cloud-based automation tools require zero-code change in the client tech-eco system and provide web-based orchestrator controls to start, stop or schedule automations. John Matthew, COO of Analytix explains, "Transforming business processes to make operations more efficient can help businesses realize exponential results to both productivity and profitability. Mid-market sized businesses can often benefit the most from business transformation. Adding Business Transformation to our offerings as a single-source solutions provider is a natural progression in our business strategy, as we identify ways to support our clients' business growth. This is an area where we can really, positively impact our clients and partners, implementing innovative measures to increase their business's profitability while reducing overall costs." About Analytix Analytix Solutions is a single source solutions provider, dedicated to providing core business services to clients across a range of industries since more than 15 years. Our experienced team of professionals deliver services and solutions that empower small and midsize companies to make informed business decisions that lead to long-term growth and profitability. We provide finance, accounting, IT, data management, virtual assistant, healthcare, and audiovisual (AV) solutions to a range of industries. Deep, cross disciplinary expertise, coupled with our ability to integrate technology and automation into our solutions uniquely position us to help our clients thrive and grow in a competitive market.

Read More

MANAGEMENT

Innoveo Launches Accelerator for Small Commercial Insurance

Innoveo | March 16, 2023

On March 15, 2023, Innoveo, a leading provider of no-code technology for insurance enterprises, announced the release of its accelerator for the small commercial insurance space. The accelerator aims to empower insurers to quickly launch and offer personalized insurance to the booming small and medium enterprises (SME) market. To improve penetration in this flourishing market, the accelerator offers customizable insurance products that allow small businesses to adjust their coverage to their specific needs. The user-friendly digital interface simplifies the insurance purchasing process. At the same time, automated underwriting and real-time data analysis enable enterprises to analyze their risks and make informed decisions about their coverage. By using this accelerator, innovative insurers can swiftly develop in this burgeoning yet underserved market, increase customer loyalty, and drive informed cross- and up-sell opportunities. Innoveo's Small Commercial Insurance Solution also provides many benefits to small business owners, including streamlined processes, cost savings and improved customer experience. Small business insurance provides vital financial protection against a wide range of risks, giving business owners peace of mind. A BOP combines commercial liability insurance, commercial property insurance, business interruption insurance, commercial auto insurance, professional liability insurance and worker's compensation insurance. The Small Business insurance accelerator adds to the leading Innoveo Skye platform, which includes ready-made accelerators and products that can be adjusted and configured to insurer needs. In addition, Innoveo's integrated development environment automates a substantial percentage of the application development process, resulting in 5-10x productivity improvements with up to 75% fewer technical resources. About Innoveo Founded in 2007, Innoveo is a leading provider of no-code technology for the insurance industry. The company is headquartered in Zurich, Switzerland, and has offices in New York, Hong Kong, Budapest, and Valencia. Its mission is to empower insurers to rapidly develop and deploy innovative products and services to meet the evolving needs of their customers. Innoveo's no-code platform, Innoveo Skye, allows insurers to quickly build and customize insurance products without extensive coding or technical resources. This enables insurers to quickly bring new products to market and respond to changing market demands. Its solutions have been widely adopted by some of the world's leading insurers, including AIG, Zurich, and Generali. The company has also won numerous awards for its innovative technology and commitment to customer success.

Read More