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Global IT outage: A ‘huge wake-up call’ for cyber insurance industry
Insurers are expecting a "wave of notifications" in the coming...
Insured losses from CrowdStrike’s outage likely total $540 million to $1.08 billion, says insurer Parametrix
Fortune 500 firms excluding Microsoft to see $5.4 bln in...
Google, Apple roll out built-in COVID-19 exposure notifications to phones
The new system – called Exposure Notifications Express – will allow public health officials to submit a small configuration file to Apple and Google. The two tech companies will then use the file to set up systems that phone owners can opt in to in order to determine whether they have been near someone who has tested positive for the novel coronavirus
New mobility revolution:Japanese tech company test ‘Flying Cars’
The company, SkyDrive, said in a news release on Friday that it had completed a flight test using “the world’s first manned testing machine,” its SD-03 model, an electrical vertical takeoff and landing (eVTOL) vehicle. The flight time was four minutes, the company said.
The aircraft has one seat and operates with eight motors and two propellers on each corner. It lifted about 3 meters (or about 10 feet) into the air and was operated by a pilot, the company said.
Uber Vows Better Disclosure of Safety Data on Self-Driving Cars
The National Transportation Safety Board voted in 2019 that the probable cause of the crash was “the failure of the vehicle operator to monitor the environment and the operation of the automated driving system because she was visually distracted throughout her trip by her personal cellphone.”
The board also cited three shortcomings by Uber: the company’s inadequate safety risk assessment procedures; ineffective oversight of vehicle operators; and lack of adequate mechanisms to address complacency by operators as the cars drove themselves.Voluntary Approach
US Safety Agency offers App for alerts on vehicle recalls
Last year, 53 million vehicles, car seats, tires and equipment were recalled, according to the agency.
Japan looks to AI as coronavirus challenges go-and-see quality control mantra
Global manufacturers have long used robots in production while leaving the knotty work of spotting flaws mainly to humans. But social distancing measures to prevent the spread of COVID-19 have prompted a rethink of the factory floor.
That has spurred the increased use of robots and other technology for quality control, including remote monitoring which was already being adopted before the pandemic.
IRDAI asks applications for the 2nd cohort of the Regulatory Sandbox
The window for filing of applications shall open on 15thSeptember, 2020 and close on 14th October, 2020.
The IRDAI has created a Regulatory Sandbox whose objective is to use innovative ideas to foster growth and increase the pace of most innovative companies, in a way that provides flexibility in dealing with regulatory requirements and at the same time focussing on policyholder protection.
Financial technology companies funding in APAC up 9.1% in Q2; India sees 38% dip
“Fintech investments in Asia were primarily driven by India in the last quarter, but investors appeared to have shifted their attention to Southeast Asia and Australia,” S&P Global Market Intelligence Fintech Analyst Celeste Goh said.
Centre frames draft policy on data privacy under National Digital Health Mission
Data collected across the National Digital Health Ecosystem (NDHE) will be stored in at the central level, the state or Union Territory level and at the health facility level, by adopting the principle of minimality at each point, according to the document.
SugarCRM Inc acquiers AI platform for leveraging CRM data
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.
Digital payments market in India likely to grow 3-folds to Rs 7,092 trillion by 2025: Report
“The current 160 million unique mobile payment users will multiply by 5 times to reach nearly 800 million by 2025. This growth will be driven by a number of demand and supply-side drivers,” the Bengaluru-based management consultancy RedSeer Consulting said