The Standard expands tie-up with HCLTech to integrate AI
This move is aimed at expediting the transition to a product and service-based IT operating model, aligning with the insurer's digital transformation agenda.
HCLTech will provide The Standard with its generative AI (genAI)-led service transformation platform, AI Force, as well as digital engineering and cloud services.
These technologies are expected to refine The Standard's delivery of workplace benefits, with a focus on customer service.
The transformation will be supported by the formation of a Joint Innovation Council and a Digital Experience Office.
The Standard chief information security officer and IT infrastructure and security management organisation head Laxman Prakash said: "The Standard's growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach. We look forward to the positive impact that this ongoing partnership will provide for our customers."
HCLTech senior vice-president and North America insurance head Anubhav Mehrotra stated: 'We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector. This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey."
Last month, The Standard expanded its partnership with EvolutionIQ, integrating an AI-powered claims guidance platform into its disability insurance processes.
This technology empowers The Standard's claims team to leverage data insights to reduce administrative workloads, enhance decision-making and streamline payments.
"The Standard expands tie-up with HCLTech to integrate AI " was originally created and published by Life Insurance International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Geek Wire
20 minutes ago
- Geek Wire
Washington opens wildfire surveillance feeds to public as fire season ramps up
A hazy view from a Pano AI wildfire-detection camera deployed near the town of Tonasket in Washington's Okanogan County. (Screen grab from DNR site) Washington state officials are now streaming surveillance camera feeds from 21 locations, allowing the public to remotely monitor for Pacific Northwest wildfires in real-time. Forecasters say there's an above-average risk for fires in the region this summer due to lower-than-normal precipitation earlier in the year and projections for higher temperatures. While the artificial intelligence deployed by Pano AI will almost certainly spot blazes first, people can scan the rotating 360-degree camera feeds to get a visual sense of air quality and potentially watch fires as they develop. The Washington Department of Natural Resources launched a pilot program with Pano AI in 2023, placing cameras at sites where wildfire risk is high and the chances of a person reporting it are lower, based on historical data and models. Five more cameras are scheduled to come online this year. 'When Pano AI approached us with a new publicly accessible camera feed feature, it was an easy yes,' said George Geissler, DNR's state forester and deputy supervisor responsible for wildland fire management, in a statement. 'Early detection is a key part of DNR's wildfire rapid response model,' he added, 'and now Washingtonians can peek behind the scenes at how part of that detection process works.' Last year, the California startup's technology found an undiscovered fire in Mason County, alerting fire departments who were able to put the fire out in hours, limiting the burn to less than 20 acres. DNR has a contract with Pano AI through 2029. Other wildfire and smoke-related information is available from the Northwest Interagency Coordination Center (NWCC), Washington Smoke Blog, which is run by government agencies and Tribes; PurpleAir; and the Washington State Department of Ecology's air quality map.
Yahoo
40 minutes ago
- Yahoo
I'm Staking My Future on This AI Stock While It's Still Cheap
Written by Aditya Raghunath at The Motley Fool Canada The artificial intelligence megatrend is expected to drive stock market narratives and valuations over the next decade. While Nvidia is at the epicentre of the AI market, you can buy several other tech stocks trading at a much cheaper multiple in July 2025. Valued at a market cap of US$237 billion, Advanced Micro Devices (NASDAQ:AMD) is one such AI stock that should be part of your watchlist right now. The chip stock has returned more than 7,300% to shareholders in the past decade. Despite these market-beating returns, AMD stock is down 31% from all-time highs, allowing you to buy the dip. In Q1 2025, AMD reported revenue of US$7.4 billion, an increase of 36% year over year. The chip maker's Data Center segment led growth with 57% year-over-year revenue expansion to US$3.7 billion, driven by continued adoption of EPYC server processors and strong demand for Instinct AI accelerators. AMD has gained traction among cloud providers, with more than 30 new instances launched from major hyperscalers, including Amazon's Web Services, Google, and Oracle, during the quarter. AMD's client processor business reported revenue of US$2.3 billion, up 68% year over year. The growth was attributed to higher average selling prices driven by increased adoption of high-end Ryzen processors across desktop and mobile segments. Desktop channel sales grew more than 50% year-over-year, with AMD processors topping bestseller lists at major retailers globally. AMD is positioning itself aggressively for the next phase of AI infrastructure deployment. The chipmaker recently launched its MI350 series accelerators, which deliver 35 times higher throughput compared to previous generation products. Customer interest in the product has been robust, with Oracle announcing plans for large-scale cluster deployments using the new accelerators. AMD is developing its MI400 series for 2026, designed as rack-scale solutions that integrate GPUs (graphics processing units) and networking components. The semiconductor giant also completed its acquisition of ZT Systems to enhance its capabilities in designing and deploying complex AI infrastructure at scale. AMD plans to divest ZT's manufacturing operations while retaining the design expertise. Alternatively, AMD will face near-term headwinds from new export restrictions limiting shipments of certain AI chips to China. The company estimates the export controls will impact revenue by approximately US$1.5 billion for the full year, with most of it occurring in the second and third quarters. AMD's software strategy continues to evolve with accelerated ROCm (Radeon Open Compute) updates moving to biweekly releases. The company has expanded compatibility with more than 2 million models on Hugging Face and achieved day-zero support for major new AI models from Meta, Google, and others. The semiconductor company expects continued strong performance driven by expanding enterprise adoption of EPYC processors, ramping production of next-generation AI accelerators, and sustained momentum in client computing markets where gaming and commercial segments show particular strength. Analysts tracking AMD stock forecast revenue to increase from US$25.8 billion in 2024 to US$56.4 billion in 2029. In this period, adjusted earnings are forecast to expand from US$3.31 per share to US$10 per share. If AMD stock is priced at 30 times forward earnings, which is reasonable, it will trade around $300 per share in early 2029, indicating an upside of over 100% from current levels. The post I'm Staking My Future on This AI Stock While It's Still Cheap appeared first on The Motley Fool Canada. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Advanced Micro Devices wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool recommends Advanced Micro Devices, Alphabet, Amazon, Meta Platforms, Nvidia, and Oracle. The Motley Fool has a disclosure policy. 2025
CNET
42 minutes ago
- CNET
This AI-Powered Shark Robot Vacuum Is a Staggering $350 Off at Amazon
While we may not have robots cooking our meals or fully automated houses yet, we do have handy robot vacuums to help keep our floors clean. One of our favorites is the Shark AV2501AE, which uses AI to navigate. This robot vacuum ordinarly retails at $650, but right now you can pick it up at an incredible discount. Amazon has slashed $350 off the usual price, which drops it down to just $300. That's a 54% discount, one of the lowest prices we've seen for this advanced robot vacuum. This deal is listed as a limited-time offer, so we don't expect a bargain this good to be available for long. For that reason, we'd recommend getting your order in sooner rather than later. The last time we saw this exact model go on sale, it was down to $330 so this price beats that by $30. This Shark Robot vacuum has some fancy features that make it a pretty great value for the price. It boasts 650 watts of power so it can handle serious messes, and and has a self-cleaning roller brush that won't get tangled with hair -- making it a great option for homes with heavy shedders. It's equipped with Lidar navigation to avoid obstacles and map your home, and uses AI to generate the optimal cleaning route. Plus, you can use the companion app to set a custom cleaning schedule or room-by-room cleaning. It also comes with a self-emptying base station that can hold up to 60-days worth of debris so you can go around two months without having to empty the base. Why this deal matters There are plenty of more affordable robot vacuums on the market that only offer the basics, but this Shark model offers more advanced features like AI optimization, room-by-room scheduling and a large self-emptying base station. It's pretty rare to get all these kinds of features for less than $500, which makes this deal a pretty great bargain. The last time we saw this exact model on sale back in March, it was down to $330, which was a great price. At only $300, it doesn't get much better. But if you're looking for other options, don't skip our full roundup of vacuum deals with plenty of variety from top brands.
