10 Trending AI Stocks on Latest News and Ratings

8. DXC Technology Company (NYSE:DXC)

Number of Hedge Fund Holders: 24

DXC Technology Company (NYSE:DXC) is an information technology services company that provides application development, cloud, and IT outsourcing services. It also provides AI consulting and implementation services to businesses across various industries, helping them leverage artificial intelligence to optimize operations. On March 4, the company unveiled new offerings in partnership with ServiceNow as they look to modernize the insurance industry.

The new AI-powered DXC Technology Company (NYSE:DXC) Assure BPM solution automates manual workflows throughout the policy lifecycle, directly addressing important efficiency issues in insurance operations. The solution combines DXC’s insurance expertise with ServiceNow’s AI platform to transform the insurance industry. The solution should reduce up to 40% of operational costs spent on manual processing through AI integration.

The product furthers DXC’s transition to platform-based, higher-margin business models with the potential for recurring income. Rather than developing proprietary technology, DXC will likely achieve a quicker time-to-market and lower development costs by fusing its industry experience with ServiceNow’s well-established AI platform.

“We are committed to delivering exceptional value to our customers and accelerating business outcomes. Our expanded partnership with ServiceNow will combine our deep insurance expertise with ServiceNow’s advanced AI workflow technology to drive speed, agility and operational transformation for insurers,” said Ray August, President of Insurance Software and Business Process Services at DXC.