Technology has revolutionized the insurance sector, streamlining processes and enhancing customer experiences. Insurtech startups are leveraging artificial intelligence and blockchain to create innovative risk assessment and claims processing solutions. Mobile apps and online platforms provide convenient access to policies and allow for seamless communication between insurers and policyholders. Additionally, data [...]
Like humans, Machine Learning (ML) models can recognize intricate patterns and anticipate the outcome of new data. On some natural language problems, ML models have even surpassed human performance. But much like people, ML models are susceptible to error. For every ML application in the real world, estimating how [...]
As the name suggests, CBDC is the central bank-issued digital currency. It is an electronic form of sovereign currency that will appear as a liability on a central bank’s balance sheet just like physical currency. Instead of printing money, the central bank, backed by the central government, issues electronic [...]
Information that can be seen has always been valuable. Whether it was in the distant past when early humans lived in caves or in the world of data today. Using visuals to support information simply makes it more accessible to its target audience. Today, pictograms and motion graphics are [...]
It is a very well-known fact that if we have to identify sectors that are the most volatile and sensitive to even a small trigger in the social, economic, or political environment, the list will not be complete without the airline industry. Recessions, pandemics, regulations, and the like have hit [...]
Machine Learning (ML) and Artificial intelligence (AI) are at the center of the hyper-competitive era in which change occurs with new technologies in the span of a single blink of an eye. Modern innovations like AI, predictive analytics, ML, and other digital disruptors are changing how businesses operate and [...]
According to Cynerio’s 2022 State of Healthcare IoT Device Security Report, 53% of internet-connected medical devices analyzed had a known vulnerability, while one-third of bedside devices had a critical risk. (Cynerio observed over 10 million medical devices at over 300 hospitals and medical facilities across the world). As per the [...]
How do organizations embrace innovation? This has been the center of countless dialogues and debates for decades now. Some believe that institutionalizing innovation means conducting hackathons, investing in research and startups and promoting open office seating, and so on. Others say that innovation is about investing in new technologies like [...]
The COVID-19 pandemic has changed how businesses in all industries and geographical areas conduct business for years. A recent McKinsey Global Survey of executives revealed that organizations had increased the digitalization of their internal processes and supply-chain interactions by three to four years. Additionally, their portfolios’ proportion of digital or digitally [...]
“Good companies manage Engineering. Great companies manage Product.” – Thomas Schranz, CEO and Product at Blossom Over the past few decades, traditional approaches to software development have transformed from conventional waterfall methodologies to agile, which enabled development teams to focus on the most viable products (MVP) for early-stage demos with [...]
