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Majority customers surveyed admit facing cashback trap online: Report
Central Consumer Protection Authority (CCPA) has identified 13...
EV sales almost double to 90,000 in fy 23-24
Tata Motors led the segment with registrations of 64,217 units, up...
Trained in data science, AI, ML? There are 50,000 job posts waiting for you
Companies like Edelweiss, Verizon and TCS have recruited several students from Great Learning for various roles in machine learning and data science in the last six months.A ccording to Gartner, out of one million registered companies in India, 75 per cent have invested or are going to invest in ML and data science.
“Data analytics & security’ have to go together :IRDAI Chief
Irda is also keen on introducing regulations on risk-based capital.A paper to this effect has already been circulated to all the insurers. These companies, who can manage their risks, their need of capital will be less. IRDAI will also focus on risk based supervision afterwards, he said.
It’s Not Easy to Teach Robot Drivers to Think Like Humans
With Alphabet Inc.’s Waymo planning to roll out an autonomous taxi service to paying customers in the Phoenix area later this year, and General Motor Co.’s driverless unit racing to deploy a ride-hailing business in 2019, the shortcomings of robot cars interacting with humans are coming under increased scrutiny. Some experts have advocated for education campaigns to train pedestrians to be more mindful of autonomous vehicles. Startups and global automakers are busy testing external display screens to telegraph the intent of a robotic car to bystanders
4th Industrial Revolution to change nature of jobs: Narendra Modi
“Our diversity, our demographic potential, fast-growing market size and digital infrastructure has potential to make India a global hub for research and implementation,” he said.
While the previous industrial revolutions eluded the country, India’s contribution to the 4th Industrial Revolution would be astonishing, he said
WhatsApp sets up system to store payments-related data locally in India
The data localisation mandate by RBI had drawn mixed response from the industry with domestic payment companies like Paytm and PhonePe welcoming the decision, while their global counterparts like Google (which offers Google Pay in India) have backed free flow of data.
Limiting global warming to 1.5°C requires “rapid & far-reaching” transitions in land, energy, industry, buildings, transport & cities:IPCC
“One of the key messages that comes out very strongly from this report is that we are already seeing the consequences of 1°C of global warming through more extreme weather, rising sea levels and diminishing Arctic sea ice, among other changes,” said Panmao Zhai, Co-Chair of IPCC Working Group I.
Aadhaar may be India’s gift to Africa that even China’s $125 bn can’t beat
India’s Aadhaar biometric identification system has given hundreds of millions of citizens a portable digital ID, allowing them to receive government services, join the banking system and otherwise partake in the formal economy. The need for similar technology in Africa is acute: According to the World Bank, the continent is home to 502 million of the world’s identity-less individuals, half of the global total and roughly 40 per cent of Africa’s population. The problem is worse for women, who in many African countries are critical to family finances. In low-income countries surveyed by the World Bank, over 45 per cent of women lacked identification, compared to 30 per cent of men.
Flipkart forays into insurance distribution, ties up with Bajaj Allianz
“In line with our customer-first policy and as the market leader in this segment, insurance felt like the logical next step in providing consumers with excellent after-sales care for their phones. The plan, from purchase to claim, will be completely integrated into our online platform…” Flipkart Senior Vice President and head of Fintech Ravi Garikipati said.
Transforming the Insurance Ecosystem
Given this scenario, insurance carriers may consider employing a few core mobility technologies of digitalisation such as app refactoring, rapid application development platform (RADP), and unified mobile app model, to bring in true digital transformation without compromising on the inherent advantages of MAM/MDM
Collaborative approach between incumbent insurers and InsurTechs gains traction:World InsurTech Report 2018
The report finds that insurance executives across the industry believe that InsurTechs will be a major catalyst to redefine the customer experience, deliver widespread efficiencies, and create new business models. The industry also expects disruption and new competition to come from BigTech[2] companies and manufacturers. This comes in the wake of an InsurTech sector that saw investment increase at a compound annual growth rate of 36.5 percent between 2014 and 2017