IBM, Majesco form partnership
IBM announced a five-year partnership with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation, to jointly offer a new cognitive, cloud-based platform to help insurance carriers worldwide create new services on IBM Cloud. The global partnership is intended to speed the development of new customer services with predictive data analytics and help insurance providers bring new solutions to their clients. It also becomes the first in what is expected to be a wave of industry partnerships under IBM's recently announced Industry Platforms business. The new unit was formed to build open industry platforms and the first comprehensive "as a service" solutions designed from the ground up for individual industries. The joint IBM and Majesco offering will also provide a secure, global incubator for insurance companies to develop and launch new cognitive products and services via the cloud for clients.