- The AI Lab will certainly team up with environment companions consisting of federal government firms, study organisations, and innovation companies.
- The Lab will certainly likewise deal with institutes of greater discovering to offer neighborhood pupils with hands-on experiences and teaching fellowships.
SINGAPORE – Media OutReach Newswire – 19 November 2024 – Prudential plc (“Prudential”) today released the Prudential AI Lab in Singapore, with the purpose of speeding up the fostering of AI, generative AI (gen AI) and artificial intelligence organisation-wide. The launch event, held at the Prudential Singapore workplace, was officiated by Mrs J osephine Teo, Singapore’s Minister for Digital Development and Information (MDDI) and Mr Anil Wadhwani, Chief Executive Officer of Prudential plc As the Guest- of-Honour of the launch occasion, Mrs Teo offered a speech and explored a display of AI remedies in the health and wellness and riches domain names, offered by Prudential’s AI specialists.
The Prudential AI Lab will certainly breed AI-powered remedies created to provide a much better client experience and significant service effect, while incorporating AI abilities right into Prudential’s procedures, product and services. Following its soft launch in August 2024, greater than 100 AI usage instances have actually been sent to the Lab by workers throughout Prudential’s 24 markets in Asia andAfrica
The Prudential AI Lab was created with assistance from the Ministry of Digital Development and Information (MDDI), the Economic Development Board of Singapore (EDB) and the Monetary Authority of Singapore (MAS). It has actually been released in collaboration with Google Cloud, which is offering Prudential workers with end-to-end technological assistance and accessibility to sophisticated AI remedies.
The Lab will certainly prioritise remedies that enhance customer accessibility to high quality health care and drive functional quality atPrudential AI will certainly likewise allow economic reps to offer clients far better and quicker with strengthened advising abilities. The Lab will certainly be staffed by a devoted group of AI designers and information researchers based inSingapore
Anil Wadhwani, Chief Executive Officer, Prudential plc, stated: “Data, advanced analytics and AI are crucial to the delivery of our strategic priorities. The AI Lab will supercharge the development of exciting applications such as predictive analytics, hyper-personalised customer engagement, and real-time guidance for agents. I believe we are just beginning to explore the vast possibilities and value this technology offers. Prudential’s AI Lab will significantly enhance our ability to deliver exceptional experiences for our customers, agents and financial representatives, across all markets.”
Commenting on the partnership with the Singapore federal government, Mr Wadhwani stated: “Singapore was selected as the location of Prudential’s global AI Lab for its robust infrastructure and supportive environment for AI innovation, highlighted by its National AI Strategy (NAIS 2.0)1. Our partnership with EDB and MAS allows us to tap into Singapore’s rich network of resources and talent from academia, business and government. This collaboration will greatly support our ability to develop innovative solutions that address customer and business challenges while building even stronger AI capabilities.”
Ms Gillian Tan, Assistant Managing Director (Development and International) and Chief Sustainability Officer of MAS, stated: “Prudential’s AI Lab is aligned with Singapore’s Smart Nation 2.0 goal to encourage businesses to utilise AI and technology to raise productivity, transform and serve customers better. MAS will continue to support financial institutions as they develop capabilities and harness AI to enhance their customer and advisory services, fraud detection, and risk insights generation.”
Nurturing AI trendsetters with a solid environment
The Lab will certainly team up carefully with environment companions, such as institutes of greater knowing (IHLs), study centres, federal government firms and innovation companions.
It currently has contracts with numerous IHLs consisting of the National University of Singapore Asian Institute of Digital Finance, Singapore Management University School of Computing and Information Systems, Republic Polytechnic andSingapore Polytechnic The Lab will certainly involve pupils from these neighborhood colleges to support the future generation of AI specialists by providing hands-on experiences along with promoting expertise sharing and technology.
Students on their teaching fellowships with Prudential and those whose last year jobs are chosen will certainly function along with the Lab, its companion environment, along with Prudential’s service devices to develop proofs-of-concept for chosen usage instances.
Notes to Editor
About the Prudential AI Lab
The Prudential AI Lab goal is to allow Prudential workers and AI companions to co-develop sophisticated AI remedies in locations straightened to service concerns and to aid take on vital obstacles in insurance coverage and increase AI fostering.
Vision for the Prudential AI Lab:
- Reimagine the client experience: Develop AI applications and items that produce very customised and smooth communications in between representatives and clients, driving quantifiable service worth
- Transform health care accessibility: Implement AI-powered remedies that use information and progressed analytics, guaranteeing a smooth and well-connected client trip
- Increase functional performance: Streamline inner procedures and improve automation with AI to enhance performance and efficiency
- Develop AI abilities: Empower workers throughout the organisation to function smarter and quicker by developing durable AI abilities and devices
[1] For even more details, please check out:
[2] For even more details on Project Moonshot, please check out:
The issuer is solely responsible for the content of this announcement.
About Prudential plc
Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.
Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
