Showing posts from March 31, 2017

Gene Editing Technology

Steadily, it is very exciting to see that, Gene Editing Technology is leading to new knowledge, new knowhow, new discoveries, good-living conditions, development of new therapies and products to benefit mankind. On this momentum, I have a pleasure to recall that, the European Patent Office (EPO) intends to grant Dr. Emmanuelle Charpentier, ERS Genomics’ co-founder, together with the University of California and University of Vienna, a patent with very broad claims covering the use of CRISPR-Cas9 technology for gene editing.
I can observe that, the claims intended for grant by the EPO are directed to the widely-used single-guide CRISPR-Cas9 gene editing system and cover uses in both cellular and non-cellular settings, including use in bacteria, plants, animals, and cells from vertebrate animals such as humans.

Germany, France, UK, Asia Pacific, and North America within the global insurtech market

Numerous findings converge on the realities that, despite the political and economic uncertainty around the United Kingdom’s vote to leave the European Union, the country continued to attract strong insurtech investment in 2016. The value of the investments there, more than doubled last year, to almost US$19 million. Investment in AI and the IoT also increased significantly, to almost US$1.7 million in total, according to a new report from Accenture.
Germany and France also remain on exciting curve. The United States’ share of deal volume in 2016 dropped widely. The percentage of insurtech investment for the rest of the world (deals outside the traditional hubs) more than doubled, from 11 percent in 2015 to 23 percent in 2016. Recent Accenture fintech analysis showed that China, and more broadly, Asia Pacific playing a more prominent role as investment destinations for fintech capital. While global investment into fintech ventures grew 10 percent in 2016, to US$23.2 billion. However, t…

Artificial Intelligence (AI) and Internet of Things (IoT) within investment in insurance technology (insurtech)

For many analysts, Artificial Intelligence and Internet of Things, as technologies are primed to disrupt the insurance technology (insurtech) in the years to come, with Asia Pacific as a region, on an exciting curve to eclipse North America. According to a new Accenture report titled “The Rise of InsurTech, the combined number of deals across AI (including automation) and the IoT (including connected insurance) increased 79 percent in 2016. The report reveals that, the insurance industry views AI and the IoT as critical to delivering increased levels of personalization and better real-world outcomes for customers.
Artificial intelligence has the potential to transform the insurance industry from simply assessing risk based on past experience to monitoring risks in real-time and mitigating, or even preventing, losses for customers. The IoT will enable insurers to offer more-personalized, real-time service; boost operational efficiency; and price their products with greater precision.

Artificial Intelligence and Cognitive Computing Outlook

For those who are unfamiliar, Artificial Intelligence (AI) represents machine-based intelligence. There are a range of different technologies involved in Artificial Intelligence (AI) including Machine Learning, Natural Language Processing, Deep Learning, and more.
Cognitive Computing involves self-learning systems that use data mining, pattern recognition and natural language processing to mimic the way the human brain works. The AI ecosystem, technologies, and solutions is now deeply impacting Financial Services, Medical and Bio-informatics, Manufacturing, and Telecommunications. Some of the key application areas include Marketing and Business Decision Making, Workplace Automation, Predictive Analysis and Forecast, Fraud Detection and Classification.

Traditional contact center solutions Vs Amazon Connect

In our digital-driven age where companies need flexibility and agility at any levels, it is now obvious that, Traditional contact center solutions are complicated and expensive. In effect, Companies often have to invest in complex, proprietary hardware and software systems that can take months or even years to deploy, require specialized skills to configure and consultants to implement, and come with inflexible licensing that makes it difficult to scale as contact volumes fluctuate.
With AmazonConnect, you can set up and configure a “Virtual Contact Center” in minutes. There is no infrastructure to deploy or manage, you can scale your Amazon Connect Virtual Contact Center up or down, onboarding up to tens of thousands of agents in response to business cycles and paying only for the time callers are interacting with Amazon Connect plus any associated telephony charges. I can also observe that, Amazon Connect’s self-service graphical interface makes it easy for non-technical users to de…

Beyond the ability to raise capital, here is how crowdfunding is helping Augmented Reality (AR) vendors and others

For those who are unfamiliar, several Augmented Reality (AR) vendors have used crowdfunding to raise capital for their projects. This has benefited the market in several ways. Firstly, it increases awareness among potential customers. Secondly, it encourages new vendors to enter the market, which, in turn, increases competitions and decreases ices. Thirdly, vendors will have a better idea about the demand for their products. They will be able to involve the potential buyers at the product development stage by directly communicating with them. This can help vendors to manufacture products based on requirements of customers. GoFundMe, Indiegogo, and Kickstarter are some of the popular crowdfunding sites. According to Research and Markets, vendors in the global mobile AR and VR apps market have adopted crowdfunding strategies to raise funds for their projects. It has increased the awareness among potential customers and has provided enormous opportunities for small vendors to innovate an…