Latest news with #BijuNair
Business Wire
28-05-2025
- Business
- Business Wire
Assurant Reports Mobile Trade-In Programs Returned $1.24 Billion to Consumers in Q1 2025,
ATLANTA--(BUSINESS WIRE)-- Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes, and automobiles in partnership with the world's leading brands, today released findings from the Assurant Q1 2025 Mobile Trade-In and Upgrade Industry Trends Report, which tracks the state and evolution of the secondary device market according to Assurant and industry data. The report highlights a significant year-over-year increase in the total value returned to consumers through trade-in programs, totaling $1.24 billion in the first quarter of 2025 – a 40-percent increase over the same period in 2024. While the average device age reached a record high of 3.82 years, Assurant's report also indicates that turned-in devices are trending toward newer smartphones, as trade-in programs continue to expand amid rising demand for AI-enabled devices. Additionally, toward the end of the first quarter of this year, macroeconomic uncertainty also drove more consumers to take advantage of trade-in programs and promotions. 'Through 2024, the adoption of new, highly capable AI devices caused an uptick in trade-in and upgrade programs. At the start of this year, amid economic uncertainty, affordability is now also playing more of a role in purchase decisions,' said Biju Nair, President, Global Connected Living & International at Assurant. 'We anticipate continued momentum in the secondary device market as these programs deliver value, help consumers access the latest technology at a lower cost, and support sustainable practices.' For the third consecutive quarter, the iPhone 13 was the most frequently traded-in device overall, while the Samsung Galaxy S22 Ultra 5G was the most traded-in Android device. This is a shift from the first half of 2024, when the iPhone 11 took the top spot overall, and highlights the increased share of 5G devices entering the secondary market. The influx of higher-end preowned smartphones into the secondary market offers consumers access to premium devices at more affordable prices, while also reducing electronic waste. This trend not only benefits the environment but also strengthens the secondary market by expanding the availability of highly sought-after devices. The Assurant Q1 2025 Mobile Trade-in and Upgrade Industry Trends Report is available for download here. About Assurant Assurant, Inc. (NYSE: AIZ) is a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes, and automobiles. As a Fortune 500 company operating in 21 countries, Assurant leverages data-driven technology solutions to provide exceptional customer experiences. Learn more at
The Print
30-04-2025
- Health
- The Print
CARE Banjara Hospital Successfully Hosts ‘The Robotic Edge 2025' Conference in Hyderabad
Hyderabad (Telangana) [India], April 30: CARE Banjara Hospital, a flagship facility of CARE Hospitals, successfully hosted the inaugural edition of 'The Robotic Edge 2025' at the Hyderabad Marriott Hotel and Convention Centre on 27th April 2025. The conference spotlighted the growing role of Robotic Surgery and Artificial Intelligence (AI) in healthcare, bringing together leading clinicians, healthcare technologists, and industry experts for a day of knowledge exchange and hands-on engagement. The event was inaugurated by Varun Khanna, Group Managing Director, QCIL; Vinod Raman, Group CIO, QCIL; Dr. Ajit Singh, AVP & Medical Head (Zonal), CARE Hospitals; Dr. Ramesh, Managing Director, Aster Ramesh Hospitals; and Biju Nair, Zonal Chief Operating Officer, CARE Hospitals. Special guests included celebrated actress Ms. Priyanka Jawalkar and renowned film director Venky Atluri. The conference featured expert-led masterclasses, live robotic console experiences, and a keynote address by Dr. Srinivas Padmanabhuni on 'AI and Robotics: Practical Applications and Future Prospects in Healthcare.' A fireside chat titled 'Robotics & the Future of Surgery' further explored how robotics and AI are practically reshaping the landscape of surgical precision and clinical outcomes. Reflecting on the spirit of the conference, Biju Nair remarked, 'Our clinicians are true pioneers, embracing advanced technologies like robotics and AI to deliver world-class healthcare experiences, rooted in practical, patient-centric innovation.' Voices from the Robotic Leaders: * Dr. Manjula Anagani, Padma Shri Awardee, Clinical Director, HOD CARE Vatsalya, Women and Child Institute, Robotic Gynecology, CARE Hospitals, Banjara Hills stated, 'Robotics has redefined possibilities in gynecology–bringing greater precision, faster recoveries, and safer outcomes for women's health across every stage of life.' * Dr. P. Vamsi Krishna, Clinical Director, Sr. Consultant & HOD – Urology, Robotic, Laparoscopy & Endourology Surgeon, CARE Hospitals, Banjara Hills said, 'In urology, robotic surgery offers unparalleled accuracy and gentler treatments, fundamentally improving survival and quality of life for patients.' * Dr. Satish Pawar, Sr. Consultant & Head – Surgical Oncology & Robotic Surgery CARE Hospitals, Banjara Hills, remarked, 'For oncology surgeries, robotics provides significant advantages in delivering complex resections with reduced trauma and better clinical outcomes.' * Dr. Venugopal Pareek, Sr. Consultant GI Laparoscopic, Bariatric & Robotic Surgeon CARE Hospitals, Banjara Hills, noted, 'Bariatric surgery using robotics ensures enhanced control, greater safety, and transformational results for patients battling obesity and metabolic disorders.' The conference concluded with a felicitation ceremony for distinguished speakers. Participants were awarded Continuing Medical Education (CME) credits approved by the Telangana State Medical Council. CARE Banjara Hospital's leadership through initiatives such as 'The Robotic Edge 2025' reflects its commitment to advancing patient-centered innovation and integrating next-generation technologies to improve healthcare delivery. About CARE Banjara Hospital Located in the heart of Hyderabad, CARE Banjara Hospital is the flagship tertiary care hospital of CARE Hospitals Group. With nearly three decades of legacy in delivering exceptional clinical outcomes, the hospital is a center of excellence across multiple specialties, including cardiac sciences, critical care, oncology, organ transplants, and robotic surgeries. CARE Banjara Hospital continues to pioneer innovations that bring world-class healthcare closer to the community. Media Contact Raju Reddy | +91 934607670 | (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Yahoo
04-03-2025
- Business
- Yahoo
Consumers Upgrading Mobile Devices Faster as Signs of AI Adoption Emerge
Decreasing Age of Trade-in Devices in Second Half of 2024 Coincides with Launch of Next-Gen AI-Enabled Devices ATLANTA, March 04, 2025--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes, and automobiles in partnership with the world's leading brands, today released its Assurant 2024 Mobile Trade-in and Upgrade Industry Trends Report, which tracks the evolution of the secondary device market. The report suggests that AI is potentially emerging as a higher priority in consumers' decisions to upgrade devices in 2025, as newer devices became the top turned-in devices in the second half of 2024. According to the report, which incorporates data from Assurant's Device IQ analytics platform, as well as broader industry insights, consumers who turned in their devices in 2024 received greater value from trade-in programs, with U.S. consumers receiving a total of $4.5 billion in value. This represents a 5% increase over 2023. In the first quarter, the data showed that consumers were holding onto their devices longer than the previous quarter, with the average age of turned-in devices exceeding 3.6 years. There was then a shift in Android device age after the launch of Samsung's Galaxy 24 going from 3.67 years in the first quarter to 3.38 in the third quarter. Similarly, the average age of Apple iPhones reached 3.78 years in the second quarter and declined to 3.63 years in the fourth quarter on the launch of the iPhone 16. This reduction in average age that coincides with the launches of AI-enabled devices could indicate "early adopters" turning in newer generation 5G devices for the latest AI-enabled smartphones. Upgrade Trends for 2024: Shift in most-turned in devices – While the iPhone 11 remained the most frequently turned in device from trade-in and upgrade programs overall in 2024, it was overtaken in the second half of the year by the iPhone 13. Galaxy S21 remains top Android device – For the second consecutive year, the Samsung Galaxy S21 was the most turned in Android device. However, the Galaxy S22 Ultra 5G moved to the second most turned-in Android device for the year and the top Android model turned in during the second half. "At the beginning of 2024, consumers prioritized getting the most out of their existing devices, but with major advancements in AI, and trends we are seeing in terms of device age towards the end of the year, that may be shifting," said Biju Nair, president, Global Connected Living and International at Assurant. "Though it is still too early to tell, as AI starts to deliver meaningful capabilities and more devices become available, we may see more consumers trading-in their newer 5G smartphones to take advantage of emerging AI-enabled capabilities." Assurant's own Connected Consumer Trend Report reveals that nearly half of U.S. consumers expect their next smartphone to support AI features, services, and tools, with roughly 20% considering AI to be "very important" to their purchase decision. With nearly 11% of U.S. consumers reporting a recent upgrade and approximately 16% planning to upgrade within the next six months, by midyear one-third of U.S. consumers expect to own an AI-enabled device. When data from Assurant's Connected Consumer Trend Report research is combined with the notable decline in the average age of Apple and Android devices turned in through trade-in and upgrade programs towards the latter half of the year, the data suggest that demand for the new generation of AI-enabled devices could accelerate upgrade cycles. In addition to the financial benefit for consumers, for every device that is reused in lieu of a new device manufactured, there is a positive impact on the environment. Using estimates from Assurant Carbon IQ℠, an Assurant solution that provides insights on the carbon impact of individual connected devices, approximately 1.8M metric tons of carbon emissions have been avoided because of trade-in and upgrade programs in 2024. Furthermore, approximately 6M metric tons of devices were kept out of landfills. The Assurant 2024 Annual and Q4 Mobile Trade-in and Upgrade Industry Trends Reports are available for download here. About Assurant Assurant, Inc. (NYSE: AIZ) is a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes, and automobiles. As a Fortune 500 company operating in 21 countries, Assurant leverages data-driven technology solutions to provide exceptional customer experiences. Learn more at View source version on Contacts Media Contact: Louis MassesDirector, Connected Living Sign in to access your portfolio
