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SugarCRM Inc acquiers AI platform for leveraging CRM data

Aug 24, 2020 | , ,

Making sense of data is a perennial issue for companies. Deep learning models are limited by the quality and quantity of input data, which historically has been inaccurate or incomplete in real-life CRM implementations. Node’s deep learning models identify signals with up to 81% greater accuracy than heuristic-based approaches to deliver the tangible benefits of heightened performance and true predictability.

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Boeing testing hand-held UV wand to sanitize cockpits, cabins

Aug 22, 2020 | , , , ,

Concerns by airline workers and passengers about the spread of COVID-19 has fueled a rush by companies to roll out new technology for aircraft sanitization.

The wand would eliminate the need for using alcohol or other disinfectants that could damage sensitive electronic equipment, Rae Lutters, chief engineer for Boeing’s ecoDemonstrator program, told a media briefing.

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Chinese insurance tech firm Waterdrop raises $230 million, plans U.S. IPO

Aug 21, 2020 | , , , ,

Two sources with knowledge of the fundraising told Reuters that Waterdrop was valued at nearly $2 billion in the funding round. One of them said that Swiss Re itself had invested $100 million.

Swiss Re declined to comment on its investment size, but said the company’s participation in the round was part of its long-term commitment to China.

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Twitter privacy ruling delayed after dispute among EU regulators

Aug 21, 2020 | , , , ,

Twitter had looked set to become the first big technology company to face a fine by Ireland’s Data Protection Commission (DPC) under tougher EU data protection rules after it submitted the decision to other member states in May.

Under the EU’s General Data Protection Regulation’s (GDPR) “One Stop Shop” regime introduced in 2018, regulators can impose fines for violations of up to 4% of a company’s global revenue or 20 million euros ($22 million), whichever is higher

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Insurers will seek to benefit from open banking through partnerships post-COVID-19:GlobalData

Aug 21, 2020 | , , , ,

Jazmin Chong, Insurance Analyst at GlobalData, comments: “The increased implementation of open banking and greater understanding of customers’ information will lead to an uptake of purchases through apps and mobile devices. This is due to the information exchange that insurers will have access to, allowing them to require less information from customers. It will also enable customers to use apps in a fast and more confident manner, as current app purchases still largely require extensive information that is more comfortable to fill out on a computer.”

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DGCA starts special safety audit of all Indian airlines

Aug 20, 2020 | ,

“It will be a complete FOQA (Flight Operations Quality Assurance) audit,” he said.

The FOQA is the process of obtaining and analysing all kinds of data from flights to improve the safety and efficiency of future flight operations.

“All Indian airlines will undergo the special safety audit that has begun. In the first phase, we are auditing SpiceJet and Air India,” the DGCA official said.

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