The Hartford – Digital Transformation Strategies
The Hartford has been focusing on using artificial intelligence, machine learning, cloud and data analytics to digitally transform its operations. The annual ICT spending of The Hartford was estimated at $1 billion for 2021. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. The Hartford is a US based holding company. Through its subsidiaries it provides property and casualty insurance products, group benefits insurance and services, exchange traded products, and mutual funds to businesses and customers in the US, Europe, and other international markets.
The Hartford digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, accelerators, incubators, and other innovation programs, technology partnerships, technology introductions, investments, and ICT spending among others.
Digital Transformation Strategies
The Hartford uses data and analytics tools to improve customer service and provide tailor made insurance plans. The Hartford’s claims department uses data analytics to offer value added services to customers.
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The Hartford Technology Theme Focus
The Hartford is utilizing a number of emerging technologies including blockchain, big data, and cloud among others to achieve operational efficiencies, offer better products and services to customers, automate daily operations, and increase transparency within the organization.
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The Hartford Technology Initiatives
The Hartford has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the last few years. For instance, in 2019, the Hartford teamed up with email and data security platform Mimecast to help its customers and employees manage and reduce cybersecurity risk. The partnership enables The Hartford to use the Mimecast Awareness training portal to minimize human error and drive awareness about cyber threats.
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The Hartford ICT Spend by Function
- Data center
- End-user computing
- ICT Service desk
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The Hartford ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
For more insights on ICT spending by channel, download a free report sample
The Hartford External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Network and communications
For more insights on external ICT spending by segment, download a free report sample
The Hartford Digital Transformation Strategies Overview
|Total ICT Spending 2021||$1 billion|
|ICT Spend by Function||Data center, Communications, Network, Application, End-User computing, Management, and Service desk|
|ICT Spend by Channel||Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators|
|External ICT Spend by Segment||Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others|
|Technology Theme Focus||Blockchain, Big Data, and Cloud|
This report provides:
- Insight into The Hartford’s technology activities.
- Insights of its accelerators, incubators, and other innovation programs.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into The Hartford’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
Table of Contents
Table of Contents
Digital Transformation Strategy
Accelerators, Incubators, and Other Innovation Programs
Partnership and Investment Network Map
ICT Budget and Contracts
Frequently Asked Questions
The annual ICT spending of The Hartford was estimated at $1 billion in 2021.
The key ICT spending categories by function for The Hartford are communications, data center, network, applications, end-user computing, ICT service desk, and management.
The key ICT spending categories by channel for The Hartford are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
The key external ICT spending categories by segment for The Hartford are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
The key technological theme in focus for The Hartford are blockchain, big data, and cloud.
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