Left Menu
Development News Edition

TCS, University of Tokyo partner for joint research

KBZ MS is a new age insurer in Myanmar with presence in 20 cities, offering range of general insurance from motor insurance to property and health for individuals and groups across 22 branches. "The company selected TCS BaNCS Cloud for Insurance to transform its legacy core system to a modern, scalable digital solution.

PTI | New Delhi | Updated: 21-10-2020 20:49 IST | Created: 21-10-2020 20:49 IST
TCS, University of Tokyo partner for joint research

IT services major Tata Consultancy Services (TCS) on Wednesday said it has partnered the University of Tokyo (UTokyo) to conduct joint academic-industry research. Through the partnership, UTokyo and TCS aspire to realise their shared vision of applying design thinking and digital technologies to address real world business and societal challenges, a statement said.

"Society 5.0 is Japan's concept for a better future, built around an inclusive, sustainable and knowledge intensive society, where information and services generate value underpinned by digital innovation and the various novel-technologies it produces," Makoto Gonokami, President of UTokyo, said. This collaboration will not only help address many of the challenges faced by modern society but will also further cultivate India-Japan relations and ultimately contribute to the growth of both nations, Gonokami added.

"We are pleased to strengthen our relationship with The University of Tokyo, a veritable global base for intellectual collaboration, with high-synergy engagement across multiple areas. As part of our academic co-innovation network, TCS has invested in research projects at leading universities around the world to encourage open innovation," TCS Chief Technology Officer K Ananth Krishnan said. The strategic partnership aims to drive business innovation across four focus pillars - technological collaboration, talent exchange, innovation and start-up engagement.

"TCS will incorporate UTokyo's 400-strong startup ecosystem into its TCS Co-Innovation Network (TCS COIN), providing them global market access. Through various partner and customer engagements, these ecosystem partners will see the potential real-world application of their cutting-edge technologies expedited," the statement said. UTokyo and TCS will form a steering committee which will regularly convene and oversee the direction of engagements, it added.

In a separate statement, TCS said KBZ MS General Insurance and KBZ Life Insurance, the first officially licensed private insurance provider in Myanmar, has moved to TCS BaNCS Cloud for Insurance. KBZ MS is a new age insurer in Myanmar with presence in 20 cities, offering range of general insurance from motor insurance to property and health for individuals and groups across 22 branches.

"The company selected TCS BaNCS Cloud for Insurance to transform its legacy core system to a modern, scalable digital solution. "TCS implemented the end-to-end, digitally-enabled SaaS solution on a public cloud. The integrated solution spanning property and casualty, health, and life insurance went live during the disruptive COVID-19 lockdown period, enabled by TCS' Secure Borderless Workspaces," it said.

Anil Mancham, CEO of KBZ MS, said with its highly localised and pre-configured functionalities and the SaaS model that TCS BaNCS Cloud offers, the solution will help the company address specific regulatory and market requirements in Myanmar..


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Arnab case: Doors of this court cannot be closed to citizen who has prima facie showed state has misused its power, says SC.

Arnab case Doors of this court cannot be closed to citizen who has prima facie showed state has misused its power, says SC....

Nigeria: Poultry industry on verge of crisis may affect 20 million job

The Poultry industry in Nigeria may shut down its production by January 2021 in the absence of critical steps warned Poultry Association of Nigeria PAN, according to a report by The Guardian.Ezekiel Ibrahim, the National President of PAN wh...

Nagaland govt orders geologists to investigate social media reports about diamond found in Mon district

Following various social mediaposts claiming precious minerals being found in Wakching areaof Mon district in Nagaland, the state government has askedgeologists to investigate the issueThe Director of Geology and Mining, Nagaland, S Manenin...

Books by bike: Sri Lankan man runs mobile library for kids

During his leisure time, Mahinda Dasanayaka packs his motorbike with books and rides his mobile library across mostly muddy roads running through tea-growing mountain areas to underprivileged children in backward rural parts of Sri Lanka....

Give Feedback