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The 12 Industries Amazon Could Disrupt Next - CB Insights Research

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Since 1999, Amazon's disruptive bravado has made "getting Amazoned" a fear for executives in any sector the tech giant sets its sights on. Here are the industries that could be under threat next. Jeff Bezos once famously said, "Your margin is my opportunity." Today, Amazon is finding opportunities in industries that would have been unthinkable for the company to attack even a few years ago. Throughout the 2000s, Amazon's e-commerce dominance paved a path of destruction through books, music, toys, sports, and a range of other retail verticals. Big box stores like Toys "R" Us, Sports Authority, and Barnes & Noble -- some of which had thrived for more than a century -- couldn't compete with Amazon's ability to combine uncommonly fast shipping with low prices. Today, Amazon's disruptive ambitions extend far beyond retail. With its expertise in complex supply chain logistics and competitive advantage in data collection, Amazon is attacking a whole host of new industries. The tech giant has ...


Why artificial intelligence still needs a human touch - California News Times

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This article is an on-site version of the #fintechFT newsletter. Using artificial intelligence to improve fraud detection is becoming one of the hottest trends in the insurance industry, but it is also one of the most controversial trends. US insurer Lemonade has become a case study of potential technology rewards and reputational risks. Lemonade has become one of the most successful large-scale IPOs in 2020, fulfilling its promise to speed up and simplify lessor insurance and home insurance with AI-powered apps. But earlier this year, it sparked a social media backlash in concerns about the behavior of the algorithm.


Artificial intelligence and IoT dominate insurtech funding - IoT Newsletter

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"We've seen a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups over the last 12 months," said Roy Jubraj, digital & innovation lead for Accenture's financial services practice in the UK. It coincided with the graduation of the latest cohort from Accenture's accelerator, Fintech Innovation Lab, which included an insurtech group for the first time. "These technologies are primed to disrupt the industry in the years to come, so it's fitting that we've established a dedicated insurtech stream as a key part of Accenture's Fintech Innovation Lab in London," Jubraj added. Fintech Innovation Lab London The Fintech Innovation Lab London is modeled on a similar program, co-founded in 2010 by Accenture and the Partnership Fund for New York City. "We've seen a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups over the last 12 months," said Roy Jubraj, digital & innovation lead for Accenture's financial services practice in the UK.


Advisers, follow the fintech money

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Global fintech investment was essentially cut in half in 2016. With this stark shift, it might seem that fintech is taking a turn for the worse. But the reality is very different. In some markets, too much cash was chasing too few quality opportunities, driving valuations too high, and sending investors to the sidelines. But as the air is slowly released from this bubble, markets will correct, leading to lower valuations, driving more consolidations and acquisitions, and making room for more assets to move back in.


Startup Talk, Machine Learning & DataSci: CEO VendorMach & VP Enterprise

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We're thrilled to have Chaney Ojinnaka, CEO of VendorMach and VP of Enterprise, Ivan Kotorov in as guest speakers for Byte Academy students and a limited number of members. VendorMach is a network driven platform that uses AI (predictive analytics) to produce the VM Trust score. The score is then used to offer invoice receivables financing and insurance products to SMBs while enabling enterprises to better manage their supply chain. Founded in London, VendorMach recently opened its US office in New York. Topics covered over the evening will include: VendorMach and founders' overview, building a startup, AI and machine learning, data science in fintech, supply chain finance, FinTech environment London v. US (pre/post Brexit), pros & cons of an accelerator and more.