Artificial Intelligence continues to advance through remarkable milestones that can be utilized to change the way we do business. AI can solve several business problems, and technologists leverage it to prepare for the future. Carey Smith is one such technologist and an evangelist of the democratization of technology. He believes that placing the power to make digital product changes into the hands of the customer and internal business teams is the significant change that can be an industry disruptor. As the Chief Information Officer of Orchid Insurance, Carey strives to deliver personalized, intuitive, simple yet powerful digital solutions that allow easy self-service no matter when, where, and how the customer wants to engage.
The Initiation
With nearly 30 years of experience building and delivering technology solutions and a reputation as a progressive IT leader, Carey Smith has a long history of driving transformational change at organizations within the insurance, financial services, and manufacturing industries.
Carey focuses on developing technology strategies and delivering digital solutions that amplify the business, which drives the achievement of the enterprise vision. Instead of being constrained by the traditions of legacy IT, Carey champions the use of emerging technologies and modern delivery practices to transform business models, drive extreme growth and achieve industry best results.
Carey began his technology career developing digital solutions and expanded his roles covering all aspects of technology. As a leader, Carey focuses on unifying technology and business so that IT teams operate as business units with accountability to business outcomes. Carey has delivered transformational change to enterprises large and small, established market incumbents and startups spanning public, private, and not-for-profit sectors.
Cultural change is the biggest challenge Carey always faces, regardless of the organization. Changing institutional IT mindsets to think strategically is key to success from a business perspective. Instead of focusing on traditional IT metrics and KPIs to measure outcomes, Carey’s technology organizations focus on value delivered to the customer. Measuring value and holding technology teams accountable to business outcomes helps shape a different perspective and build a stronger, trusting partnership between technology and business.
The First Choice
Orchid Insurance is a unique and rapidly growing Managing General Underwriter specializing in distributing and underwriting residential and commercial property. Orchid is committed to being “The First Choice” for catastrophe property insurance for thousands of independent retail agencies from coast to coast. For more than two decades, Orchid’s products, processes, and people have consistently delivered outstanding coverage solutions in the insurance industry by offering customized solutions with distinguishable ease of use and expertise. Orchid’s proprietary underwriting capabilities and strong carrier relationships have led to a best-in-class historical underwriting track record.
Carey asserts Orchid IT is pivotal in executing the digital business transformation strategy delivering innovative digital products, and improving enterprise operational efficiency. Due to its recent technology modernization, Orchid IT has achieved 32X efficiency improvement, a 14X progress in delivering platform configuration for new revenue-generating business opportunities, and a 9X improvement in time-to-market for delivering new digital capabilities. Allowing more digital capability to be delivered significantly faster with fewer resources has resulted in new digital product delivery measured in days VS. months/years, allowing for a substantial increase in value delivered to the business. Most importantly, these significant improvements were achieved while also reducing the technology operational expense run rate. Orchid IT has achieved the seemingly impossible by delivering significantly more products, quicker to market, and higher quality while reducing expenses.
Business Magazines 