This week, history suggests that companies that invest in innovation through a crisis outperform peers during the recovery.
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:
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- History suggests that companies that invest in innovation through a crisis outperform peers during the recovery.
- OPINION: The truth about artificial intelligence? It isn’t that honest
- Malaysian Insurtech PolicyStreet Finalizes $6M Series A led by Altara Ventures, Others
- Combine digital-first & data extraction strategies to drive collaboration
- What Is Artificial Intelligence?
Bonus Article:
- Blockchain in Insurance Market is Estimated To Experience A Hike In Growth By 2020-2030
We hope you find this information valuable and would appreciate your help in sharing it with others who may also be interested.
History suggests that companies that invest in innovation through a crisis outperform peers during the recovery.
INSURERS TAKE NOTE: Time to be bold!
👁️🗨️ Read Article
“The COVID-19 pandemic has upended nearly every aspect of life, from the personal (how people live and work) to the professional (how companies interact with their customers, how customers choose and purchase products and services, how supply chains deliver them). In our recent survey of more than 200 organisations across industries, more than 90 percent of executives said they expect the fallout from COVID-19 to fundamentally change the way they do business over the next five years, with almost as many asserting that the crisis will have a lasting impact on their customers’ needs.”
shared by @McKinsey
OPINION: The truth about artificial intelligence? It isn’t that honest.
“Tests of natural language processing models show that the bigger they are, the bigger liars they are. Should we be worried?”
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“We are, as the critic George Steiner observed, “language animals”. Perhaps that’s why we are fascinated by other creatures that appear to have language – dolphins, whales, apes, birds and so on. In her fascinating book, Atlas of AI, Kate Crawford relates how, at the end of the 19th century, Europe was captivated by a horse called Hans that apparently could solve maths problems, tell the time, identify days on a calendar, differentiate musical tones and spell out words and sentences by tapping his hooves. Even the staid New York Times was captivated, calling him “Berlin’s wonderful horse; he can do almost everything but talk”.”
shared by TheGurdian
Malaysian Insurtech PolicyStreet Finalizes $6M Series A led by Altara Ventures, Others.
👁️🗨️ Read Article
“Malaysia-headquartered Insurtech company PolicyStreet.com reveals that it has finalised a RM 25 million (appr. $6 million) Series A round over two separate tranches.
Altara Ventures have led the Insurtech firm’s recent investment round, Auspac Ventures, Gobi Partners, along with contributions from the Leong family of Mah Sing Group (led by business magnate Tan Sri Dato’ Sri Leong Hoy Kum).
PolicyStreet.com has completed an earlier round with contributions from PitchIN, KK Fund and Spiral Ventures, which came during the height of the Coronavirus outbreak in June 2020. It was reportedly the most significant amount secured from a Malaysian equity crowdfunding platform.”
shared by @policy_street
Combine digital-first & data extraction strategies to drive collaboration
Unstructured documents are ripe for innovation.
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“Combine digital-first and data extraction strategies to drive collaboration and add value.
There are so many areas of the sector that are ripe for automation, machine learning and artificial intelligence that it’s hard to know where to start. However, in the session at Intelligent Insurer’s upcoming Commercial Lines Innovation Europe Virtual Event (October 11-13), titled “Combine digital-first and data extraction strategies to drive collaboration and add value”, Expert.ai’s head of sales and sector strategies, Pamela Negosanti, will argue that unstructured documents are ripe for innovation.”
shared by @intelligentins
What Is Artificial Intelligence?
TAKEAWAY – Google AI research paper, “Everyone wants to do the model work, not the data work.”
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“Artificial intelligence (AI) has become a red-hot topic, with record levels of investment in “AI” companies and promises of capabilities that will revolutionise our lives. Many are puzzling through how AI can add value, and a growing number of vendors claim to be “AI-powered.” Given the buzz and rush to wrap the mantle of AI around any new technology, it makes sense to ask the basic question, “What exactly is AI?”
Start with the practical definition that artificial intelligence is any technology that tries to replicate some broader aspect of human intelligence. I emphasise “broader,” as that’s where a fair amount of confusion emerges. Think, for example, of the ability to perform arithmetic. Most people would agree that this capability is uniquely human. But I doubt anyone would conclude that a calculator is built on artificial intelligence.”
shared by @Forbes
Bonus Article
Blockchain in Insurance Market is Estimated To Experience A Hike In Growth By 2020-2030
Blockchain helps insurers by encrypting & verifying all registered transactions maintaining records of all changes in original data.
👁️🗨️ Read Article
“Blockchain in Insurance Market – Introduction
- In the insurance market, new emerging technologies change interacting with customers and set recent trends and ways to deliver products and services. Blockchain technology eliminates the need for intermediaries by using the distributed ledger principle for processing.
- Blockchain technology helps insurance companies by encrypting and verifying all the registered transactions in the business process and maintaining the records of all changes in original data.
- Blockchain technology is applicable in the insurance sector for encrypted medical records shared with insurers and hospitals, eliminates duplicate records, and manages claim denials, lengthy claim processing, and excessive checkups. Blockchain technology increases the efficiency and productivity of employees by providing access to real-time encrypted and secured databases.”
shared by The Manomet Current
The DiGITAL EYE