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Industry Landscape
The technology solutions industry is experiencing rapid growth, driven by digital transformation, cloud adoption, and AI integration. Businesses increasingly seek specialized solutions for data management, operational efficiency, and regulatory compliance. Custom software development and seamless system integration are critical for competitive advantage across diverse sectors like healthcare, insurance, and associations.
Total Assets Under Management (AUM)
Information Technology Services Market Size in United States
~Approximately 580 Billion USD
(7.5% CAGR)
- Driven by cloud computing adoption.
- Increased demand for cybersecurity solutions.
- Focus on data analytics and AI integration across industries.
Total Addressable Market
1.3 Trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI, especially large language models (LLMs), will revolutionize data analysis, content creation for marketing, and automate customer support interactions across all three verticals.
Blockchain for Data Security/Interoperability
Blockchain technology can enhance data security, ensure data integrity, and facilitate secure interoperability between disparate systems, particularly crucial for sensitive healthcare and insurance data.
Low-Code/No-Code Development Platforms
These platforms will enable rapid prototyping and deployment of customized solutions, significantly reducing development time and cost for clients seeking tailored integrations and applications.
Impactful Policy Frameworks
21st Century Cures Act (2016) - Information Blocking
The 21st Century Cures Act's information blocking provisions (effective April 2021) mandate that healthcare providers, health IT developers, and health information exchanges must not knowingly and unreasonably interfere with the access, exchange, or use of electronic health information.
This policy directly impacts Empowered Margins' healthcare solutions (Frisco EHR) by demanding greater data interoperability and ease of access, requiring robust API development and adherence to FHIR standards.
CCPA (California Consumer Privacy Act) - Amended by CPRA (2020)
The California Consumer Privacy Act (CCPA), significantly amended by the California Privacy Rights Act (CPRA) in 2020 and effective January 1, 2023, grants California consumers expanded rights regarding their personal information and introduces new obligations for businesses, including data minimization and purpose limitation.
This policy impacts all data management and integration services offered by Empowered Margins, especially for clients dealing with California resident data, necessitating enhanced data governance, consent management, and consumer data rights handling.
NAIC Model Law on the Use of AI in Insurance (2023/2024)
The National Association of Insurance Commissioners (NAIC) is developing a Model Law on the Use of Artificial Intelligence (AI) in Insurance, aiming to provide regulatory guidance for insurers' use of AI, including transparency, fairness, and accountability.
This emerging policy directly influences Empowered Margins' DataHub.Insure platform, particularly its SmartRules Engine and AI UW Assistant, requiring transparent and explainable AI models to ensure regulatory compliance for its insurance clients.
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