A few years ago, the idea of controlling your lights or even security system remotely through your smartphone would have been deemed so futuristic and only present in the minds of science fiction novelists. Artificial intelligence might conjure images of the latest Sci-fi movie that you recently watched, yet in actual sense, its actual impact in our everyday life is more understated and far-reaching than the science fiction movies and novels might actually suggest. Most of us have encountered AI in our everyday lives. Think about Netflix suggesting to you are a TV to watch. Google maps are already sourcing location data from our smartphone and aiding us with directions.

Driverless cars, which are also known as self-driving or autonomous vehicles, are the future of transportation. Various car brands from all over the world have already expressed great interest in them, mainly because of the transformation that they can bring into the transport industry. These machines depend on sensors to favorably interact with the environment around them. They can be exciting, but terrifying at the same time. Let's start with the advantages.

"AI could act as an'intelligent agent' able to create different scenarios and outcomes, and potentially take decisions. The next generation of machine learning will move from increasing risk awareness to decision-making."AI will also work alongside other technologies, most notably the IoT and blockchain, to increase our understanding of risk and enable insurers to offer new, faster and more customized services. For example, sensors on shipping containers are already providing data on the location and condition of cargo, which, once analyzed, can trigger insurance cover or mitigation measures if the goods are damaged.