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The lender said the deal is expected to help it save cost and improve efficiency with the expansion of digital and AI capabilities. The bank will leverage Infosys Topaz, an AI-first offering using generative AI technologies, to deliver a simpler more consistent customer experience for its FANS. Tags: #Infosys first published: Sep 17, 2024 05:52 pm Top Trends Angel Tax Wipro Budget news New Income tax slab IPO News Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

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File – Minister of Communication and Informatics, Budi Arie Setiadi. (ANTARA FOTO/Muhammad Iqbal/YU) Tangerang, Banten (ANTARA) – Minister of Communication and Informatics, Budi Arie Setiadi, said on Tuesday that during the last year of his leadership, his ministry has made several major achievements in digital transformation. He noted that the first accomplishment was the development of base transceiver stations (BTS). "By the end of last year, we completed around 5,000 BTS installations that had previously stalled," Setiadi said. The BTS inauguration at the end of 2023 was conducted directly by President Joko Widodo, coinciding with the launch of the Republic of Indonesia-1 Satellite (SATRIA-1). These digital infrastructures were built as part of efforts to ensure equitable connectivity, which serves as one of the foundations for national digital transformation, as outlined in the 2021–2024 Digital Indonesia Road Map. According to Setiadi, another significant achievement in Indonesia’s digital transformation has been the handling of online gambling. He emphasized that the progress in combating online gambling has been substantial, helping to reduce its prevalence by nearly 50 percent. "We are not yet fully satisfied with eradicating online gambling. Therefore, we continue to enhance our measures," he added. Data from the Ministry of […]

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Insurers urged to align digital transformation with CIIN to re-strategise for accelerated insurance CII UK lauds Sovereign Trust in manpower INSURANCE professionals have been urged to view digital transformation as a platform for creating a customer-centric mindset, and should not be seen only in the light of digital dais that offers personalized, seamless experiences for customers, easy operations, and innovative products that address the changing risk landscape. Mrs. Yetunde Olubunmi Ilori gave the charge in her welcome address at the insurance professionals gathering in Abeokuta, Ogun State, recently, for this year Insurance Professionals Forum of the Chartered Insurance Institute of Nigeria (CIIN). She employed the attendees both present physically and virtually to focus on building trust, offering transparency, and fostering long-term relationships. Related Posts MORE is MORE ‘Telcos must embrace data-driven strategies to enhance customer experience’ ITU ranks Nigeria high in digital transformation readiness Mrs. IIori stated that expanding market reach entails understanding the evolving needs of customers, reaching underserved segments and providing solutions that speak directly to their concerns. She said the theme, “The Insurance Industry: Transformation Strategies towards Expanding Market Reach,” aligns with the theme of her Presidency, “Igniting the Bedrock of our Envisioned Industry,” and reminded […]

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Infosys , the Bengaluru-based IT behemoth, has announced a strategic partnership with the Life Insurance Corporation of India (LIC), the country’s largest life insurance company. The collaboration is aimed at driving LIC’s digital transformation initiative, DIVE (Digital Innovation and Value Enhancement). What Happened : Infosys revealed on Monday its alliance with LIC to fast-track the latter’s digital transformation initiative. The partnership is designed to create a state-of-the-art NextGen Digital Platform that focuses on omnichannel engagement and data-driven hyper-personalisation for LIC’s customers, agents, and employees, the company said in a press release. See Also: Adani Power, Adani Green Gain Up To 7% On Power Agreement With Maharashtra Govt, Opposition Reacts The platform will utilise Infosys’ AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt to deliver a seamless digital experience. Siddhartha Mohanty , CEO at LIC, expressed his enthusiasm about the partnership, stating, “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.” Salil Parekh , CEO at Infosys, echoed Mohanty’s sentiments, stating that the collaboration aims to […]

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IT services company Infosys on Monday announced it has been selected by Life Insurance Corporation ( LIC ) to drive its digital transformation with NextGen Digital Platform , focusing on omnichannel experiences and data-driven hyper-personalisation for customers, agents and employees. The company did not divulge the size of the deal. "Infosys…today announced its collaboration with the Life Insurance Corporation of India ( LIC ), the largest life insurance company in India, to spearhead its digital transformation initiative called DIVE (Digital Innovation and Value Enhancement)," according to a release. Under this, Infosys will enable the creation of a NextGen Digital Platform, which will focus on delivering omnichannel engagement and data-driven hyper-personalised experiences to LIC’s customers, agents and employees. "Infosys was selected by LIC for its extensive experience in executing large-scale digital transformation projects and its deep expertise in the banking, financial and insurance sectors," the release said. Infosys will provide LIC with turnkey system integration services using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt. Infosys Cobalt is a set of services, solutions, and platforms for enterprises to accelerate their cloud journey, while Infosys Topaz, an AI-first offering suite, enhances Cobalt with generative AI capabilities. Besides this, […]

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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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