Results


New Insurtech Partnership to Provide On-Demand Insurance in Canada

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In an exclusive arrangement with Slice ICS, The Co-operators will create new insurance products to meet growing customer needs for easy, on-demand insurance solutions that satisfy emerging digital economies. Launching later this summer under the brand name duuo by Co-operatorsTM the first product will provide pay-per-use homeshare insurance underwritten by Co-operators General Insurance Company, for hosts using home sharing platforms like Airbnb, HomeAway and VRBO . The duuo by Co-operatorsTM brand reflects The Co-operators commitment to working together with clients to provide peace of mind in a way that is easy, fast, fair and affordable – a commitment made possible through the Slice platform. "We were founded in 1945 by a small group of farmers and social pioneers who found that their needs were not met by traditional insurance offerings, so they found a new way of protecting their financial security in a time of need," said Rob Wesseling, President and CEO of The Co-operators Group Limited. "Our new business partnership with Slice is the 21st century version of this mindset, it will allow us to meet the underserved insurance needs of Canadians participating in a highly innovative digital economy.


AI to create as many jobs as it displaces by boosting economic growth, finds report

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In a report released today, PwC found that the general net effect of AI on jobs in the UK will be broadly neutral, however, certain sectors will be affected very differently. For example, PwC predict AI having a positive effect on the health and social work sector, where they estimate employment to increase by nearly one million. While they expect a 25% reduction in the number of jobs in the manufacturing industry, this represents almost 700,000 jobs. John Hawksworth, the chief economist at PwC, said: "Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains." "This reduces prices and increases real income and spending levels, which in turn creates demand for additional workers."


AI will create as many jobs as it displaces by boosting economic growth

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Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20% of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25%, representing a net loss of nearly 700,000 jobs.


Artificial Intelligence- led Disruptions Powering the Future of Media Markets Insider

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Impact of AI in the Digital and Broadcast Media Industry Impact of'Digitization' in the media space is likely to put over half a trillion USD at stake, as per industry estimates.The digital paradigm in the media industry is expected to restructure the entire business model. In the digital age, user experience has moved away from being content driven to'on-demand' delivery, offered in a device of consumer choice.Emphasis in the coming years is likely to be placed at the intersection of content, technology, and user experience. A number of emerging technologies are disrupting existing business models within the media industry and are offering new opportunities, which traditional enterprises are only beginning to acknowledge. Artificial Intelligence (AI) is being increasingly used to transform the way media houses create content and present them to viewers.AI, by virtue of its data driven intelligence and self-learning abilities, can be used to automate repetitive skill-based jobs. Additionally, AI can power the development of superior prediction engines that offer cutting-edge analytics and business intelligence to media enterprises globally.


Three unexpected artificial intelligence investment opportunities GB Investments

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On the one-year anniversary of the launch of Smith & Williamson's £100m Artificial Intelligence fund, Chris Ford, the strategy's lead manager, explains how AI is making its way into every part of our lives. The backdrop is that AI is transforming the way we drive, the way we communicate with each other and the way we learn, creating a host of opportunities for investors. But, said Ford, while the likes of Tesla and Google are obvious targets for investors seeking exposure to this rapidly growing field, many exciting AI opportunities also exist in finance, healthcare, media and many other sectors. Ford said: "When most of us think of artificial intelligence, we might think of self-driving cars made by Tesla, or Siri, Apple's virtual assistant. "But artificial intelligence is now being used by a whole host of companies and industries, many of which may surprise investors."


Big Data Federation to Exhibit at @CloudEXPO NY #BigData #AI #MachineLearning #ArtificialIntelligence

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DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. Their products are deployed by some of the world's largest financial institutions. The company develops and applies innovative machine-learning technologies to big data to predict financial, economic, and world events. The team is a group of passionate technologists, mathematicians, data scientists and programmers in Silicon Valley with over 100 patents to their names.


AI-powered sales startup 19th Mile bags angel funds from HNIs

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Artificial intelligence-based sales acceleration software platform 19th Mile has raised $180,000 (Rs 1.2 crore) in angel investment from high-net-worth individuals, the company said in a media statement. The key investors include Rishi Vasudev, vice president of fashion at Flipkart; Excelsior Investments; Ritesh Vohra, partner at IDFC Real Estate Fund; Praveer Kumar, chief technology officer at payments solutions startup Finxera; Prashant Gupta, head of engineering at Finxera; and a few others, the statement added. Ltd, the company was founded 2015 by Vijay Gogoi, who worked at consultancy giant Accenture before starting up. An electronics engineer from National Institute of Technology, Rourkela and MBA from MDI, Gurgaon, Gogoi has 19 years of experience in management consulting, sales, talent development, and general management, and has been a technology entrepreneur for the past two years. The company will use the funds to strengthen its product, bolster its technology team, and will launch brand awareness initiatives in India and other international markets, the statement said.


HNIs invest in AI-based sales startup 19th Mile

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Artificial intelligence-based sales acceleration software platform 19th Mile has raised $180,000 (Rs 1.2 crore) in angel investment from high-net-worth individuals, the company said in a media statement. The key investors include Rishi Vasudev, vice president of fashion at Flipkart; Excelsior Investments; Ritesh Vohra, partner at IDFC Real Estate Fund; Praveer Kumar, chief technology officer at payments solutions startup Finxera; Prashant Gupta, head of engineering at Finxera; and a few others, the statement added. Ltd, the company was founded 2015 by Vijay Gogoi, who worked at consultancy giant Accenture before starting up. An electronics engineer from National Institute of Technology, Rourkela and MBA from MDI, Gurgaon, Gogoi has 19 years of experience in management consulting, sales, talent development, and general management, and has been a technology entrepreneur for the past two years. The company will use the funds to strengthen its product, bolster its technology team, and will launch brand awareness initiatives in India and other international markets, the statement said.


Willis Towers Watson selects Relativity6 for predictive analytics Markets Insider

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Willis Towers Watson, a leading global advisory, broking and solutions company, and Relativity6, Inc., a machine learning and artificial intelligence (AI) insurance-technology company, today announced that Willis Towers Watson has selected the Relativity6 platform to predict and optimise customer retention and win-back. Brent Lehmann, General Manager Affinity & Commercial Australasia said the partnership with such an innovative technology company will help to ensure Willis Towers Watson remains competitive in the marketplace. "Relativity6's product offerings are a good fit to accomplish our strategic objectives across the organisation, so we are very excited to partner with them to take full advantage of the data that we have accumulated within our core systems in Australia." Alan Ringvald, Chief Executive Officer at Relativity 6, commented: "We are honoured to partner with such a distinguished organization. We believe that our solution will enable Willis Towers Watson to better serve their customers and ultimately drive significant top line revenue growth.


Fractal Analytics Hosts Inaugural ai.now Conference to Help Fortune 500s Realize the Value of Artificial Intelligence Markets Insider

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Fractal Analytics, (http://www.fractalanalytics.com), a global leader in AI solutions that power human decision-making in Fortune 500 companies, today announced the launch of ai.now, a brand new conference focused on how Fortune 500 businesses can better leverage artificial intelligence for their organizations. The half-day event, which includes a number of sessions and roundtable discussions, will take place on Wednesday, July 18, 2018 at the One World Trade Center in New York City. Fractal Analytics' ai.now is the only industry event of its kind, designed to help Fortune 500 attendees from a wide-range of industries - CPG, financial services, healthcare, insurance, telecom, and retail - learn how to practically implement artificial intelligence for their business. Ford will explore how AI and automation will usher in a new era of man and machine collaboration, with a realistic view of what the future of work, and our place in it, will look like, from education to law, agriculture to healthcare, management and beyond. "As investments in AI, machine learning and data science surge among Fortune 500 companies, they are seeking ways to realize and maximize the full potential of these new technologies," said Pranay Agrawal, Co-founder & CEO, Fractal Analytics.