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Strategist: Invest In Next Generation Technology, Especially If Youre Broke Orlando

The economy may be lagging, but business author and educator Larry Downes insists that insurers need to invest in the next generation of technology infrastructure in order to avoid being left behind when economic fortunes improve, as they inevitably will.

Acknowledging that the dot-com “boom and bust” was caused by “a misunderstanding of the fundamentals of business,” Mr. Downes noted that “now we think the [current] recession will never end.” He pointed out, however, that in cycles that repeat over the years, “we always live to regret that when things slow down, we go slower, too.”

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