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<div class="paragraphs"><p>Infosys&nbsp;Ltd.’s headquarter in Bengaluru. (Source: Vivek Amare/NDTV Profit)</p></div> Life Insurance Corp. of India has undertaken a digital transformation programme named DIVE (Digital Innovation and Value Enhancement). Under DIVE, LIC aims to boost its digital platform with an aim to provide superior experience to its customers, field force, partners and employees. LIC has appointed Infosys Ltd. to build the new NextGen Digital Platform, which will be an integrated end-to-end digital insurance solution. The platform will provide customer service, business lifecycle management and operational activities for sales intermediaries and will be a digital front-end platform for branch employees. The platform will be modular, flexible, cloud-native and have platform-driven architecture, which will be capable of adopting innovative technologies, new products and features, LIC said. It will form the foundation for building business applications such as customer and sales apps, portals and digital branch for LIC. “Our vision is to transform LIC into a technology-enabled organisation providing life insurance solutions. We look forward to our partnership with Infosys in creating world-class digital solutions and providing best-in-class experience for all our stakeholders including customers and sales intermediaries,” said Siddhartha Mohanty, chief executive officer and managing director, LIC. “Today we are living in a […]

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By shifting to the cloud, HCM says it has achieved “significant improvements in both cost-efficiency and system performance”. Hitachi Construction Machinery improves performance through Oracle Cloud-based digital transformation, paving way for AI-driven future Key facts Hitachi Construction Machinery migrates mission-critical systems to Oracle Cloud Infrastructure Company reduces operating costs by 20% while improving performance Migration enables future AI implementation and data unification Hitachi Construction Machinery (HCM), a global manufacturer of mining and construction equipment, has chosen Oracle Cloud Infrastructure (OCI) to relocate its essential business systems. The move is part of the company’s digital transformation strategy , aimed at consolidating data from core systems and machinery to prepare for future AI integration. The migration encompasses a wide range of critical operations, including accounting, development, production, design, sales, parts management, export, human resources and services. HCM, which has over 400,000 units of equipment in operation worldwide, opted for Oracle’s cloud solutions to ensure a smooth transition with minimal disruption to existing applications and databases. HCM: Cost reduction & performance boost By shifting to the cloud, HCM says it has achieved “significant improvements in both cost-efficiency and system performance”. The company reports a 20% reduction in infrastructure operating costs, alongside a […]

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Digital Transformation Market Forecast Increase in Revenue: Digital Transformation Market size was valued at USD 634.06 billion in 2023 and the total Global Digital Transformation revenue is expected to grow at a CAGR of 23.6 % from 2024 to 2030, reaching nearly USD 2794.24 billion. Digital Transformation Market Overview: Digital transformation is the strategic integration of advanced technologies to revolutionize business operations, enhance efficiency, and improve customer experiences. This ongoing process involves adopting digital tools to modernize workflows, optimize decision-making through data analytics, and transition from traditional systems to more dynamic, technology-driven frameworks. Key examples include shifting from paper-based systems to digital records, utilizing cloud services for real-time collaboration, and leveraging AI for predictive analytics. As businesses across various sectors embrace digital solutions, the focus has expanded beyond mere technological upgrades to encompass a holistic approach that continually evolves with technological advancements. ���� ������ ������ �� ���� � ����� ����: https://www.maximizemarketresearch.com/request-sample/2813/ Drivers in the Digital Transformation Market: The primary drivers of the digital transformation market include rapid technological advancements and the need for enhanced operational efficiency. The increasing adoption of cloud computing and the Internet of Things (IoT) is enabling businesses to scale their operations more flexibly and cost-effectively. […]

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Craig Turp-Balazs Craig Turp-Balazs CEE is experiencing an economic overhaul driven by digital solutions that are revolutionising industries such as manufacturing, banking, and logistics. Investors who have hitherto ignored the region need to start taking a closer look. That Central and Eastern Europe is emerging as a major player in the global digital economy, with digital transformation creating a wealth of opportunities for investors, is no secret to those with a presence in the region. This rapid shift is reshaping traditional industries, driving innovation, and producing a new generation of tech start-ups. With (in some parts, at least) strong government support and a wealth of untapped potential, the region is poised to become a significant destination for digital investment. However, for this transformation to be inclusive and sustainable, targeted efforts are needed, especially to support female founders, who remain significantly underfunded. It also requires investors who have hitherto ignored the region to take a closer look. The emergence of CEE as a global investor Soft power and FDI inflows: Understanding the relationship Once considered peripheral, CEE has become integral to the EU’s economic wellbeing CEE is experiencing an economic overhaul driven by digital solutions that are revolutionising industries such […]

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A Journey of Innovation and Excellence “The most impressive part of my profession has been the potential to contribute to productive innovation and determine how technology can impact not only the companies, but the whole industries. Every challenge has been a step forward in creating a future where innovation leads the way.” — Bhavani Bhavani Krothapalli’s career exemplifies that innovation and executive leadership can make a big difference in business solutions and analytics. With more than 18 years of experience, Bhavani has shown her expertise in optimizing data systems and leading digital transformation projects across some of the world’s most prominent organizations, including Google and SAP. IEEE Senior Membership: An Award of Excellence Bhavani has been awarded the renowned IEEE Senior Member award for her significant contributions to the engineering and technological fields. This award is given to experts with excellent technical and leadership abilities. She has set innovative industry standards and enhanced the capabilities of the companies she has served. Influential Leadership at Google During her time at Google, Bhavani played a leading role in Project Montana, an innovative approach that improved the management of internal and external resources within organizations. Her visionary leadership in this project led […]

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You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Infosys, a global leader in digital services and consulting, has announced its partnership with Life Insurance Corporation of India (LIC) to spearhead the latter’s digital transformation initiative, DIVE (Digital Innovation and Value Enhancement). LIC, one of India’s largest life insurance providers, aims to revolutionize its operations with a state-of-the-art NextGen digital platform designed to deliver seamless, omnichannel experiences and hyper-personalized services for its customers, agents and employees. Under this collaboration, Infosys will leverage its extensive expertise in executing large-scale digital transformation projects within the banking, financial and insurance sectors. The tech giant’s AI-powered offerings, Infosys Topaz and Infosys Cobalt, will play a pivotal role in the initiative. Infosys Topaz, a generative AI suite, will drive automation and personalization efforts, while Infosys Cobalt will help LIC accelerate its cloud transformation, providing infrastructure and security through DevSecOps services. Siddhartha Mohanty, CEO & MD, LIC, said, "Our collaboration with Infosys marks a significant milestone in our digital transformation journey. It will not only enhance our operational capabilities, but also enable us to cater to our vast customer, agent and employee base with newer, more personalized experiences. We are committed to leveraging the […]

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Unisys (NYSE: UIS) reports strong business interest in H1 2024, focusing on AI, cloud transformation, and integrated solutions . Key highlights include: 1. AI-enabled solutions : Helping clients evaluate ROI for generative AI and leveraging AI for data analysis. 2. Cross-mix solutions : Providing comprehensive IT support services, including digital workplace solutions and cloud applications. 3. Cloud transformation : Enabling secure multi-cloud environments and application transformation. Unisys cites its innovation, collaboration, strategic approach, and global presence as key factors in winning new business across various industries and regions. Positive Increased business interest in AI, cloud transformation, and integrated solutions Secured new contracts with major clients in quick-service restaurants, infrastructure, public sector, and financial services Expanded service offerings to existing clients, demonstrating strong customer retention Positioned as a strategic partner for digital transformation across multiple industries Negative None. Unisys’s H1 2024 business interest update reveals a positive trend in demand for AI, cloud transformation and integrated solutions. This aligns with current market trends and could potentially boost Unisys’s revenue streams. However, the lack of specific financial figures or contract values makes it challenging to quantify the impact on the company’s bottom line. The company’s focus on high-growth areas like AI […]

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Image: Alamy Data has been described as digital gold, modern currency, and the new oil. Each of these analogies points to something fundamental about data: it’s foundational to the digital experience. Indeed, data is the impetus behind everything from increasingly popular (and data-hungry) large language models (LLMs) and personalized marketing to streaming recommendation and traffic navigation services. It’s also stored in enormous quantities. The US alone stores more than 898 exabytes of data – a number so large that it’s almost impossible to truly comprehend the size and scale of our data infrastructure. Much of this information is housed in the country’s 5,381 data centers , expensive and expansive facilities that keep information secure, accessible, and constantly available for various applications and services we rely on daily. Securing these facilities – and the data they protect – is a significant challenge and responsibility with enormous regulatory, reputational, and financial repercussions. Security teams are tasked with preventing cybersecurity incidents, insider threats, saboteurs, and other risks from entering the premises. To help industry leaders stay ahead of any threat, here are three often overlooked best practices to secure data centers in 2024: Related: The Biggest Threats to Data Center Uptime – […]

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The ICT Ministry of Kenya has unveiled its Strategic Plan for 2024-2027, marking a significant organizational shift with the ICT Authority (ICTA) now under the State Department of ICT and Digital Economy, part of the Ministry of Information, Communication, and the Digital Economy. This strategic reorganization reflects a broader focus on enhancing Kenya’s digital infrastructure and promoting digital literacy and innovation. The new plan builds on insights from previous policies and supports key initiatives such as the Digital Superhighway and Creative Economy. It aligns with national and international frameworks, including Vision 2030 and the African Union Agenda 2063, ensuring a cohesive approach to digital transformation. Key objectives of the plan include improving digital infrastructure, optimizing digital culture through citizen-driven practices, and strengthening policy and regulatory frameworks. Additionally, it aims to enhance institutional capacity and promote sustainable resource mobilization, fostering a robust and resilient digital ecosystem.

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Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani met with a delegation from Apple on Monday to discuss the country’s digital transformation and potential areas of collaboration. Al-Sudani highlighted Iraq’s ongoing shift towards a digital economy, noting that the High Committee for Digital Transformation, which he chairs, is driving this effort. "Iraq is experiencing significant changes in the digital sphere," he said, adding that the country has become an attractive environment for major international companies, necessitating "rapid digital adaptation." He emphasized the importance of enhancing digital and technological skills among Iraq’s youth to "expand job opportunities and support government programs aimed at achieving a fully integrated digital system for public services." The Apple delegation proposed initiatives to support Iraq’s technological growth, including collaboration with universities and training programs for young developers. They also suggested a mobile phone registration system to ensure competitive pricing for devices entering the country.

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