Category:

Technology

InsurTech investment hits records in Q1, 2019; pricing tools in the spotlight:Willis Towers Watson

85 deals with a total value of $1.42 billion were announced in Q1, 2019, marking the third-straight quarter to deliver more than $1 billion in funding. Deal count increased by 35% over Q4, 2018, although total funding decreased by 11%. Some 54% of deals were outside the US, marking a continuing trend. Deal count in the UK increased by 50%, and in the US by 44%. However, deal count in China fell by 38% this quarter

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Project Owl Wi-Fi Network for Natural Disaster Connections Wins IBM-Backed Contest

They have designed tiny electronic nodes inside baseball-sized rubber casings that create a special Wi-Fi network spanning more than 100 square miles that can be used to connect victims and first responders. It’s a simple and relatively cheap concept, but during a natural disaster when cell towers topple, technology fails and entire communities fall into darkness – communication can be the difference between life and death.

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Going to court over losses when Robot is to blame

In the hedge fund world, pursuing AI has become a matter of necessity after years of underperformance by human managers. Quantitative investors—computers designed to identify and execute trades—are already popular. More rare are pure AI funds that automatically learn and improve from experience rather than being explicitly programmed. Once an AI develops a mind of its own, even its creators won’t understand why it makes the decisions it makes.

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India’s e-car plan has just one potentially flaw

India is home to over 2 million electric two-wheelers and rickshaws — more than the number of electric cars in China. Sales of such smaller electric vehicles continue to rise. But in the absence of charging infrastructure, many of their drivers have been illegally siphoning power. Only 10 per cent of the latest subsidy program is allocated for charging stations. 

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From its formation to landfall, how IMD tracked cyclone ‘Fani’

Data was processed under different weather models by the Indian Institute of Tropical Meteorology (IITM), Pune and National Centre for Medium Range Weather Forecasting (NCMRWF), Noida. These two institutes have two supercomputers that process data. Twelve hours before the landfall, we kept sending updates on locations to concerned states every half hour using our radars, besides releasing hourly bulletins, IMD’s Director General K J Ramesh. said 

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