Technology

Shortage of skilled IT workforce looms over India: Nasscom

Indian News       Feb 15, 2019

  Bengaluru: As the demand for disruptive technologies like Artificial Intelligence (AI) and Data Analytics grows, shortage of a skilled IT workforce to run them is posing a challenge to the stake-holders, Nasscom, the industry's apex body, has said.  "There is an urgent need to re-skill...

AI to tackle UK insurance fraud and assess flood damage

International News       Feb 15, 2019

  London: A project to develop breakthrough artificial intelligence(AI) technology for the anti-fraud sector, is one of a number of new projects, set to receive funding,that would enable the UK accountancy, insurance and legal services industries to transform how they operate.   The artificial intelligence software, being...

Self-driving cars ‘learn’ to predict pedestrian movement

Facts       Feb 14, 2019

  Scientists are using humans’ gait, body symmetry and foot placement to teach self-driving cars to recognise and predict pedestrian movements with greater precision than current technologies.   Data collected by vehicles through cameras, LiDAR and global positioning system (GPS) allowed the researchers at the University of...

Google, Amazon expanding smart home device data gathering

International News       Feb 12, 2019

  As Amazon.com Inc. and Google work to place their smart speakers at the center of the internet-connected home, both technology giants are expanding the amount of data they gather about customers who use their voice software to control other gadgets.   For several years, Amazon and...

Mukadder Erdoenmez, Head International Casualty Europe/ Middle East & Africa/ Latin America, AXA XL

Insuring The Sharing Economy

Articles       Feb 10, 2019

, It sometimes feels as if the sharing economy, which is how companies that facilitate peer-to-peer transactions via an online platform/smartphone app are referred to, emerged virtually overnight.   The sharing economy is also projected to continue expanding and disrupting many established industries. PwC estimates, for...

`Regulatory Sanbox: IRDAI Irdai to allow testing of products before launch

Indian News       Feb 05, 2019

  Hyderabad: In a bid to promote innovation in the Indian insurance industry, a panel constituted by the IRDAI has recommended that the insurance regulator should create a core Sandbox Committee having dedicated personnel to monitor and supervise the digital innovation activities, and provide support and...

Automation impact: 76 per cent Indian employers plan to increase, maintain headcount

Facts       Feb 04, 2019

Notwithstanding the increasing adoption of automation, 76 per cent of employers in India plan to increase or maintain their headcount, while the global figure stands at 87 per cent, says a report.   According to a ManpowerGroup report, companies that are digitising are growing, and that...

Budget 2019: India to lead the world in transportation through EVs, says FM

Indian News       Feb 01, 2019

  New Delhi: Finance Minister Piyush Goyal on Friday said India would lead the world in transportation sector, with electric vehicles (EVs) and energy storage devices set to play a leading role in the segment.   Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal...

Thefts, Scams of Cryptocurrencies surge 400% to $1.7 Billion in 2018

International News       Jan 30, 2019

Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday.   Of the $1.7 billion, the report, which looks at criminal activity in the...

Accenture Software now does what 40,000 employees used to do

International News       Jan 30, 2019

  Accenture Plc, the global consulting firm, will begin selling software and services that it’s already used internally to automate tasks and redeploy about 40,000 workers.   The new platform, that’s been five years in development, suggests ways to streamline and automate processes in areas such as...

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