One of the first priorities for Ian Cohen when he arrived at risk and insurance specialists Jardine Lloyd Thompson(JLT) in July 2009 was to bring the company’s outsourcing arrangements more in line with the business direction. As every CIO knows, outsourcing is more than signing a deal; it requires the full engagement of the CIO and the team at the outsourcing provider. Cohen has signed an agreement with IT services Giant HCL Technologies. “We have to make sure HCL [staff] feel like JLT employees and in return we get the benefits of using the HCL organisation as well as having dedicated team of resources, our own team. That means we can make them familiar with our applications and how we want to run them,” says Cohen, who has been in India a number of times in the last 12 months working with the helpdesk and HCL executive management to ensure they understand the industry as well as the JLT culture. “We are investing a lot of time. If you do that right you get the payback in spades but this is not just about moving from point A to point B,” he says. “We will be doing lots of transformation so that we will be able to do more interesting stuff that will change the way we do business once we’ve bedded in the move. “Managing an outsourcer is about matching your best abilities and endeavours with theirs. You have to understand how revenue and margin flows in your contract and have the open dialogue about what they need to achieve as part of meeting your objectives. You must know the contract detail and you must run your business around that contract,” he says in a remarkable admission that working with an outsourcer is letting a piece of your business go and trusting them with it. “When the IT just works you can then have interesting conversations about what you could do with your capabilities – yes, even cloud computing,” Cohen says. “One of our fastest growth markets is Latin America. To move into new markets the old IT model was to take your existing systems, make them smaller and ship them off into the distance hoping they’ll be used properly. Why not instead think top-down rather than bottom-up? Our business is relationship-driven so why not connect our sales people in the new market with each other and with the intelligence of the organisation,” Cohen says cloud technology can enable this, but as a seasoned campaigner in the CIO trenches, he is sceptical of much of the cloud confusion circulated by the vendor community. “I was quoted as describing the term ‘cloud computing’ as marketing hype and I stand by that comment. Can’t we stop talking about what it is and get on and use it for what it can deliver. If I hear one more vendor talk about paradigm shift…” He stops himself before his passions explode. Despite this, Cohen believes JLT is well placed to make the most of cloud technologies, especially as it grows. “People want to work for JLT because we are a bit quirky and not the same as the other big brokers,” he says. “So we need to use that interest across the business to develop. This place could be tremendously different and it could leapfrog the opposition by virtue of what technology can do.” See also: JLT’s Ian Cohen on rebuilding the IT setup of the insurance firm See also: JLT’s Ian Cohen on managing outsourcing relationships Related content brandpost Sponsored by Palo Alto Networks Operational technology systems require a robust Zero Trust strategy in 2024 Zero Trust provides a foundation for creating a stronger security posture in 2024. By Navneet Singh, vice president of marketing, network security, Palo Alto Networks Dec 05, 2023 6 mins Security brandpost Sponsored by AWS in collaboration with IBM How digital twin technology is changing complex industrial processes forever As the use cases for digital twins proliferate, it is becoming clear that data-driven enterprises with a track record of innovation stand the best chance of success. By Laura McEwan Dec 05, 2023 4 mins Digital Transformation brandpost Sponsored by AWS in collaboration with IBM Why modernising applications needs to be a ‘must’ for businesses seeking growth Around one-third of enterprises are spending heavily on application modernisation and aiming for cloud native status. The implications for corporate culture, structure and priorities will be profound. By Laura McEwan Dec 05, 2023 5 mins Digital Transformation opinion 11 ways to reduce your IT costs now Reorienting IT’s budget toward future opportunities is a big reason why CIOs should review their IT portfolios with an eye toward curbing unnecessary spending and realizing maximum value from every IT investment. By Stephanie Overby Dec 05, 2023 11 mins Budget Cloud Management IT Governance Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe