Mumbai, Feb 21 (IANS) In a bid to enable widespread adoption of AI in India and Europe, tech consulting and digital solutions company LTIMindtree on Wednesday signed a memorandum of understanding (MoU) with Greece-based insurance company Eurolife FFH (powered by Fairfax Digital Services).
As a part of this MoU, signed in the presence of visiting Greek Prime Minister Kyriakos Mitsotakis, Eurolife FFH will set up generative Al and digital hub in Athens to develop innovative solutions for insurance businesses in Greece and LTIMindtree, a Larsen & Toubro Group company, will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai.
Professionals from both the companies will jointly undergo specialised training in generative Al and digital transformation to develop cutting-edge products and services, the companies said in a joint statement.
“As Greece and India unite in establishing a GenAI and digital hub, our collaboration transcends borders and algorithms. This partnership exemplifies the fusion of diverse cultures and shared visions, which will shape the future landscape of artificial intelligence and digital transformation,” said Sanjay Tugnait, President and CEO of Fairfax Digital Services.
The multi-million-dollar partnership will enable widespread adoption of AI and digital solutions across insurance, banking, shipping and manufacturing industries.
Alexandros Sarrigeorgiou, CEO of Eurolife FFH, said this collaboration is a step towards a future where GenAI and digital innovation will drive business success and enhance customers’ experience.
According to Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, by merging LTIMindtree’s innovation capabilities with Eurolife FFH’s domain expertise, “we are staging a platform for an accelerated adoption of new technologies to address the industry’s most pressing challenges, while establishing new benchmarks in both domestic and international markets”.
–IANS
na/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.