These technologies are expected to deliver efficiency gains and improve response times for Sompo’s customers and partners. Credit: T. Schneider/Shutterstock. Sompo has joined forces with Palantir Technologies , focusing on implementation of artificial intelligence (AI) solutions to accelerate digital transformation. This collaboration will see the insurer invest in a data integration and AI solution over the coming three years, aiming to enhance decision-making processes in pricing, underwriting, and risk management. Under the partnership with Palantir, Palantir Foundry and Palantir’s Artificial Intelligence Platform (AIP) will be integrated into the insurer’s operations. These technologies are expected to deliver efficiency gains and improve response times for Sompo’s customers and partners. The use of data analytics and AI is central to Sompo’s strategy, with the aim of developing intelligent assistants to enhance pricing accuracy and operational efficiency, benefiting both the insurer and its clients. Sompo’s marine insurance unit in Brazil is already using the Palantir software. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Company Profile – free sample Not ready to buy yet? Download a free sample We are confident about the unique […]

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Notably, the agreement expands on a partnership announced by the companies in June 2024*1 to trial and integrate Singtel’s Paragon, the all-in-one orchestration platform for 5G, edge computing and cloud, with Hitachi’s AI applications for Hitachi’s manufacturing operations as well as enterprise customers. Through Singtel’s Paragon platform and Hitachi’s deep AI expertise, both companies aim to address the complexities faced by customers when deploying AI capabilities. Mr. Bill Chang, CEO of Singtel’s Digital InfraCo, said, “Our strategic partnership with Hitachi, a leader in digital systems and services fields, opens up new opportunities in a strategically important and expanding Japanese market. Building a strong ecosystem of partners has always been a priority at Singtel to better serve our customers and broaden our global reach. We look forward to bringing our collective expertise, digital assets and solutions to help more enterprises innovate and transform their businesses and operations through the cloud and AI. As we scale our digital capabilities with our partners like Hitachi, we aim to become a leader in the Asia Pacific region.” Singtel carved out Digital InfraCo in mid-2023 to serve as a catalyst for innovation and economic growth for AsiaPacific’s digital economies. Digital InfraCo’s portfolio includes Nxera, […]

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We’ve all experienced the frustration of using clunky customer service chatbots or receiving irrelevant product recommendations. These everyday experiences highlight a broader challenge faced by businesses: the struggle to keep up with rapidly evolving technology and changing customer expectations. Enterprises across the globe are grappling with the need for Generative AI business transformation to revolutionize their operations. Seen as more than just a tech upgrade by firms but a fundamental reimagining of how businesses operate, make decisions, and interact with customers. The shift from traditional to adaptive enterprises is already underway, with companies striving to leverage intelligent business automation powered by Large Language Models (LLMs) and other AI technologies. However, this transition is far from simple. Many organizations are paralyzed by the sheer breadth of possibilities offered by Generative AI. The challenge lies in discerning between surface-level applications and those that can truly transform operational models and drive significant value. The challenge extends beyond selecting the right use cases. Becoming an “Intelligent Enterprise” – one that leverages advanced AI for autonomous decision-making and action-taking – involves navigating a complex landscape. Organizations must choose the appropriate technological approach, ensure high-quality data for AI systems, and manage organizational change effectively. To […]

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Business KPMG report: growing number of Polish companies adopting digital… 4 hours ago GUS: In Q2 ‘24, 10.2% of Poles worked remotely Marvipol Development had PLN 1.32 mln net profit in Q2 2024 1 day ago Poland to spend PLN 4.6 bln for first nuclear power plant 1 day ago get more news Economy Ministry denies new photovoltaic tax rumors 4 days ago Poland considers mine desalination funding 5 days ago LGUs face rising educational costs 5 days ago July wages rise 10.6%, employment dips 5 days ago get more news Domestic Unemployment rate at 2.7% q/q in Q2 ‘24 1 day ago GUS: In Q2, 41.7% of those aged 15-89 economically inactive 1 day ago Number of Polish births hits historic lows in June 1 day ago Pfeifer & Langen Polska Achieves Record Sugar Beet Yields,… 3 days ago get more news Finance Poland Proposes Minimum Wage Increase to 55% of Average Salary,… 1 day ago GUS: in August, decline in investments, varies among industries 1 day ago Motor insurance payouts surge in 2024 4 days ago get more news Real estate get more news get more news

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BUSINESSNEXT has announced its partnership with Mannai InfoTech in order to drive digital transformation and development in the Qatar banking sector. Following this announcement, the partnership is expected to drive digital transformation and craft an improved customer experience platform for banking. The strategic deal is set to also transform the banking industry in the region of Qatar, while also delivering enhanced benefits, operational efficiencies, and business growth. In addition, both Mannai InfoTech and BUSINESSNEXT will continue to focus on meeting the needs, preferences, and demands of clients and customers in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the local industry as well. BUSINESSNEXT has announced its partnership with Mannai InfoTech in order to drive digital transformation and development in the Qatar banking sector. More information on the announcement Throughout this collaboration, the companies will combine their modern technologies, domain expertise, a business consultation, as well as the implementation tools that are needed for an optimised customer experience and relationship management tools for the banks and financial institutions in the region of Qatar. At the same time, the partnership is expected to bring enhanced and secure benefits to the Qatar […]

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Stephen Burt speaking at AccelerateGov 2023 Global Government Forum’s AccelerateGOV conference will return to Ottawa on 21 October to share the latest developments in digital transformation from both the federal government and across the globe. The third edition of the conference – which is this year supported by platinum knowledge partners AffinitiQuest and IBM – will examine topics including how to deploy artificial intelligence in government, using data to drive better services, and how digital transformation can help build trust in government. The flagship digital transformation conference, which will be held in the Shaw Centre for the second year, will bring together public service leaders and managers with an interest in digital to explore how staff from different professions can best promote and deliver transformed public services. Find out more and register now for AccelerateGOV 2024 | 21 October 2024 Dominic Rochon, chief information officer in the Government of Canada, looked forward to welcoming digital and data leaders from around the world at AccelerateGOV 2024. “I am thrilled to gather public servants from a wide range of disciplines to explore how we can best work together to deliver transformed public services. We will also address challenges like evolving cyber […]

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How Digital Transformation is Shaping the Future of Financial Transactions The financial industry has undergone a seismic shift over the past decade, with the rapid evolution of online payment solutions fundamentally altering how we conduct financial transactions. This transformation has been driven by technological advancements, changes in consumer behaviour, and the global push towards digitalization. In 2024, these trends have reached new heights, with several key developments shaping the future of financial transactions . The Rise of Digital Wallets and Instant Payments One of the most significant trends in the evolution of online payment solutions is the widespread adoption of digital wallets. Platforms like PayPal, Apple Pay, and Google Pay have become integral to both online and in-store transactions, allowing users to store their payment information securely and complete transactions with just a tap or scan. By 2025, it is projected that over 2.5 billion people will use digital wallets globally, a clear indication of their growing dominance in the financial landscape. This shift towards digital wallets is closely linked to the rise of instant payments. Instant payment systems, such as Brazil’s PIX or India’s Unified Payments Interface (UPI), have revolutionized how money is transferred, enabling transactions to be […]

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A visitor checks out Haier’s booth during an electronics expo in Shanghai in March. CHINA DAILY BEIJING — With its far-reaching impact across various sectors, the data industry is rapidly evolving into a game-changer in China, contributing to the country’s economic growth and digital transformation. Last year, the total amount of data generated nationwide reached 32 zettabytes, equivalent to the digital resources of over 10 million national libraries, according to the National Data Administration. Emerging from the application of data technology to develop products and services, the data industry is an industrial form that spans a broad range of digital activities, including data collection, storage, processing, management, application, circulation and transaction. As the once abstract concept of "big data" has been widely integrated into business practices, it has unlocked significant opportunities for companies to enhance efficiency and expand their market reach. The market size of China’s database industry exceeded 52 billion yuan ($7.28 billion) in 2023, and it is expected to reach 93.03 billion yuan by 2028. This growth is complemented by the data transaction sector, which has experienced stable and rapid expansion in recent years. In 2022, the overall market size of data transactions reached 87.68 billion yuan, […]

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North Star, the UK’s leading offshore infrastructure support vessel operator and service provider, has invested more than £5million in new business support software systems to drive operational and sustainability efficiencies across its operations, whilst also boosting its seafarers’ wellbeing. Its new digital solutions include a multi-million-pound investment in the ShipSure software platform, the industry’s leading enterprise resource planning (ERP) solution developed by V.Group, a strategic partnership with VesselMan to enhance its project management toolkit, and implementation of Starlink’s satellite communications across all ships to provide high-speed internet access and superior connectivity between its vessels and the shore. Fraser Dobbie, chief financial officer said: “This £5million investment in our digital capabilities is key to underpinning the strength and efficiency of North Star, making use of the best available business systems and technologies to support our continued focus on sustainably scaling our operations. Partnering with the most innovative technology suppliers allows us to elevate our corporate intelligence and decision making, generating increased value from the masses of data that we gather every day.” ShipSure is an important step in North Star’s digitisation strategy, as a purpose-built cloud-based ship management ERP, it allows the maritime company to integrate knowledge, streamline processes and […]

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(Image credit: Shutterstock) To say AI has great potential feels like the biggest understatement of the year. Since the launch of ChatGPT in particular, terms that were reserved for technical specialists such as generative AI and LLMs have become mainstream. However, that explosion of conversation and a scramble to incorporate AI tools into business workflows or find a valid way to describe an organization’s solution as ‘AI-powered’ in marketing copy has led many to the question of the moment. Are the applications of AI, and in particular generative AI, being over-hyped? Journalists, analysts, and buyers alike are becoming fatigued by the constant nod to the emerging technology and are asking questions about whether AI can actually solve complex business challenges outside of the sandbox, today. Andie Dovgan Chief Growth Officer at Creatio. The rise and limitations of SaaS To answer this, it’s useful to look at the recent evolution of digital transformation in businesses. The development of cloud computing has led to increased integration of software to drive transformation, leading to a surge of applications and services and the rise of SaaS. Tech Radar Pro Predictions say that cloud-native applications will soon match the numbers of apps developed over […]

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