Technology

MHP, KUKA and Munich Re develop SmartFactory as a Servisolutions for future of manufacturing 

International News       Jun 21, 2018

  Munich: MHP, KUKA and Munich Re presented SmartFactory as a Service for the first time on 20 June 2018 in Munich – and with it a new business model that has the potential to revolutionise automotive manufacturing processes in the future. The three companies are...

Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums

International News       Jun 20, 2018

  The majority of people globally between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey shows.   In the younger group, 62 percent said they’d be...

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

International News       Jun 20, 2018

  By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic.   The Japanese...

Centre saved Rs 90,000 crore through digital transfer: Amitabh Kant

Indian News       Jun 19, 2018

  New Delhi: The Centre has saved Rs 90,000 crore by digitally transferring money to beneficiaries of 440 government schemes, Niti Aayog CEO Amitabh Kant said today. Kant further said India will be the first country in the world which will make debit/credit cards redundant. "(The)...

World's most powerful supercomputer unveiled

Facts       Jun 18, 2018

  US scientists have unveiled the world's most powerful and smartest scientificsupercomputer that can complete over 200,000 trillion calculations per second - providing unprecedented computing power for research in energy, advanced materials and artificial intelligence (AI).  The US Department of Energy's Oak Ridge National Laboratory (ORNL)supercomputer...

Tech Push for Micro Insurance

Articles       Jun 17, 2018

  Being one of the fastest developing economies, India has witnessed the growth of several sectors in the past two decades. However, Insurance is still one of the least evolved sectors in terms of innovation, efficiency, and transparency. Now with key developments in insurance regulations, the...

AI matching human intelligence still decades away: CA research scientists

Articles       Jun 10, 2018

  Artificial Intelligence (AI) is still decades away in matching human intelligence, despite major advances, according to scientists at CA technologies who are involved in cutting-edge research.   "On true general intelligence there has been a lot of work, but the whole scientific community agrees that it...

Over 50% employees are ready to accept, embrace robot co-workers: Survey

Facts       May 29, 2018

  Washington:  More than 50 per cent employees believe that robots are an addition to the workforce as they automate repetitive or mundane work that they would otherwise have to do themselves, a survey has found.   The survey showed that workers are actually ready and willing...

Digital agility is key for insurers as BigTechs ponder entering the market:World Insurance Report

International News       May 29, 2018

  Mumbai While insurance companies struggle to deliver a superior customer experience, BigTech firms are poised to enter the insurance industry. By enhancing their digital agility and developing future-ready operating models, insurers have an opportunity to attract and retain customers to compete with this disruption, finds...

Microsoft's chief, Satya Nadella,

Robots not a threat to human labour: Microsoft chief Satya Nadella

Facts       May 28, 2018

  LONDON:  Microsoft's Indian-origin chief, Satya Nadella, does not believe in the "fallacy" that robots will overtake human labour and is confident that artificial intelligence (AI) will solve more problems than cause them.   The 50-year-old chief of the tech major, in an interview with The Sunday...

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