In the news this week, how leaders can adapt to a very different future. Read 5 must priorities for CEOs.
Welcome to The Digital Eye, your weekly roundup of the latest technology news.
Our team of experts have scoured the internet for the most exciting and informative articles so that you can stay up-to-date on all things digital, data, blockchain, AI & analytics.
This week’s the Top Reads:
- Five priorities for CEOs in the next normal What matters most?
- Meet Companjon The InsurTech That Is Disrupting The Insurance Industry
- The Latest Trends in Artificial Intelligence and Machine Learning
- IAG eyes more IoT investments
- Big Tech slams ethics brakes on AI
Bonus Article:
- UK & Ireland CIO Executive Summit
We hope you find this information valuable and would appreciate your help in sharing it with others who may also be interested.
Five priorities for CEOs in the next normal What matters most?
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Sustainability Strategy
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Transform in Cloud
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Cultivate Talent
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Need for Speed Operate with Purpose
👁️🗨️ Read Article
“How leaders can adapt to a very different future.
Over the course of the pandemic, businesses have largely—and often successfully—adapted to new ways of working. They’ve also embraced digitization and reorganized their supply chains. All of this has been necessary, but it will not be enough. To prepare for the post-COVID-19 era, leaders need to do more than fine-tune their day-to-day tasks; they need to be ready and willing to rethink how they operate, and even why they exist. To put it another way, leaders need to step back, take a breath, and consider a broader perspective.
The pandemic has both revealed and accelerated a number of trends that will play a substantial role in the shape of the future global economy. In our conversations with global executives, they have identified five priorities. Companies will want to adopt these five priorities as their North Star while they navigate the trends that are molding the future. (Click on the tiles of the interactive below for more on each priority, including links to relevant articles.)”
shared by @McKinsey
Meet Companjon The InsurTech That Is Disrupting The Insurance Industry
Add-on insurance that brings an unmatched experience for your customers.
👁️🗨️ Read Article
“Despite being one of the largest industries in the world, the insurance industry has operated the same way for hundreds of years. Unlike many other industries that have utilized technology to make processes more streamlined and suited to the lifestyle of digital-native millennials, the notion of claiming insurance brings up a host of memories of jumping through various hoops on the phone or via email to claim back money for a late train or changed flight. In an age where many other industries such as banking are seeing a change with the rise of neobanks, there is room for improvement, an opportunity which accounting firm PWC claims stands at £50bn for companies willing to innovate in the space. One company that has raised €200m and is based in Dublin, Ireland, has built innovative digital add-on insurance products you didn’t think were possible. Companjon leverages EDI (event-driven interactions) at scale across the entire customer journey, enabling them to turn negative experiences into positive ones. They work with online businesses and booking providers to help them differentiate from their competitors and generate additional revenue by offering their end-customers add-on insurance that is activated through EDI and tailored to their digital lifestyles. Companjon is a tech-driven disruptor that is changing the way people think about insurance.”
shared by @Forbes
The Latest Trends in Artificial Intelligence and Machine Learning
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“Artificial intelligence (AI) contains many subfields, including machine learning (ML), which automates analytical model building. It uses methods from neural networks, statistics, operations research and physics to find hidden insights in data without being explicitly programmed where to look or what to conclude.
Real artificial intelligence applies machine learning, and other techniques to solve actual problems. Despite the covid-19 pandemic and the current economic climate, artificial intelligence has quickened its progress. AI has the ability to analyze big data sets – pulling together innovative insights and leading to predictive analysis.”
shared by @BBNTimes_en
IAG eyes more IoT investments
“IAG is looking at digital connected experiences to create value and better experiences for customers,”
👁️🗨️ Read Article
“IAG has made its first investment in Internet of Things (IoT) technology through its corporate venture arm Firemark Ventures and is keen for more if the right opportunities come along.
Last week the business announced it has taken a minority stake in Adelaide-based Myriota, a rapidly growing start-up specialising in low-cost and low-power satellite connectivity for IoT applications that counts former prime minister Malcolm Turnbull among its investors.
IAG declined to reveal the size of the investment in Myriota but says it is consistent with how the business approaches venture start-ups: to help the insurer connect with new and emerging technologies with the potential to assist its customers and business.
“The Firemark Ventures fund is focused on emerging technology, so we do see opportunity for more investment in the Internet of Things, along with artificial intelligence, machine learning and sensors,” Firemark Ventures Managing Partner Scott Gunther told insuranceNEWS.com.au.”
shared by @insuranceNEWS
Big Tech slams ethics brakes on AI
Google blocked AI analyzing emotions, fearing cultural insensitivity. Microsoft restricted software mimicking voices. IBM rejected advanced facial-recognition.
👁️🗨️ Read Article
“SAN FRANCISCO, Sept 8 (Reuters) – In September last year, Google’s (GOOGL.O) cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to.
It turned down the client’s idea after weeks of internal discussions, deeming the project too ethically dicey because the AI technology could perpetuate biases like those around race and gender.
Since early last year, Google has also blocked new AI features analyzing emotions, fearing cultural insensitivity, while Microsoft (MSFT.O) restricted software mimicking voices and IBM (IBM.N) rejected a client request for an advanced facial-recognition system.”
shared by @Reuters
Bonus Article
UK & Ireland CIO Executive Summit
Don’t you find that the most obvious important realities are often the ones hardest to see and talk about?
👁️🗨️ Read Article
“Change can bring uncertainty & resistance in the workplace, & managing this will require a shift of view for most leaders.
I’m very excited about taking part in such a fantastic event. Great privilege. I am looking forward to a lively debate and seeing people in person!.”
The DiGITAL EYE