Chinese Insurance Giant Moves to Intel Architecture for Improved Business Operations and Customer Service.Business Editors/High-Tech Writers INTEL DEVELOPER FORUM Intel Developer Forum (IDF), is a twice yearly gathering of technologists to discuss Intel products and products based around Intel products. The first IDF was in 1997. There is usually a Spring IDF and a Fall IDF. , SHENZHEN, China SHENZHEN, China--(BUSINESS WIRE)--Oct. 31, 2003 Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking today announced it is working with Ping An of China (PAIC PAIC Patrol Agent in Charge (US Border Patrol) PAIC Professional Association of Intuitive Consultants PAIC Primary Antenna Interface Controller (AN/FSC-78B SATCOM terminal) ), a leading Chinese insurance company, to enable and deploy end-to-end solutions based on Intel(R) Architecture (IA) and Intel(R) Personal Internet Client Architecture (Intel PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. ) for its asset insurance, securities, life insurance and other businesses. PAIC will fully adopt Intel-based platforms for enterprise servers, desktop and notebooks and personal handheld devices. Some of the key Intel building blocks PAIC will consider for its business infrastructure include Intel(R) Itanium(R) 2 processor- and Intel(R) Xeon(TM) processor-based servers, Intel(R) Pentium(R) 4 processor with Hyper Threading Technology(1)-based desktops, Intel(R) Centrino(TM) mobile technology-based notebooks, and Intel(R) XScale(TM) technology handheld devices. The move to Intel Architecture will reduce PAIC's total cost of ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ), increase return on IT investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) and enhance its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and applications. "A reliable, scalable and high-performance IT infrastructure is fundamental to the success of PAIC in China's dynamic and highly competitive finance and insurance industry. That is why we have always paid special attention to our IT planning and investment, working closely with technology players like Intel," said Mr. Henry Ma, chief technology officer, PAIC. "Solutions based on Intel(R) technology will help PAIC reduce costs and increase operating efficiency. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , it will contribute to our commitment to continuously provide comprehensive, competitive and excellent service to our customers." "The right solutions platform is critical to the enterprise IT infrastructure and successful business operations. Solutions based on Intel platforms enable reliable system manageability and integration through a flexible and highly available IT infrastructure based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced ," said Mr. Tom Burns, director of Intel Asia Pacific Internet Solutions Group. "Intel provides and enables technology, tools, and ecosystem support for solutions that help companies like PAIC stay competitive. We are committed to working closely with them to help build a solid IT foundation for the Chinese finance industry." Intel will provide technical resources to support PAIC's endeavor, particularly in the development of financial applications including validation, testing, migration, and optimization of IA-based products and solutions. Intel's support will be focused on helping PAIC reduce R&D cost and decision risk, while accelerating the time to market for new products. About Intel Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. Intel, Intel Xeon, Itanium, Pentium and Xscale are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. *Other names and brands may be claimed as the property of others. (1) Hyper-Threading technology requires a computer system with an Intel(R) Pentium(R) 4 processor with HT Technology, a chipset and BIOS that utilize this technology, and an operating system that includes optimizations for this technology. Performance will vary depending on the specific hardware and software you use. See www.intel.com/info/hyperthreading for information. |
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