Author: aiexaminer

Why Incumbent Insurers are Losing Customers to Startups.

Insurance startups are not a new concept. Large insurers have been partnering with tech companies like Guidewire (NYSE: GWRE) and Duck Creek (Private) for years in order to digitize their data and increase operational efficiencies. Recently, a new class of “insurtech” companies have been threatening large insurers by eroding their market share a little at a time. These companies offer unique product lines and user friendly purchase options, that target younger customers. These startups have already gained traction in an industry primarily known for venerable, old institutional players (Lloyd’s of London is 330 years old!).  These startups, companies like...

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How Dynamic Routing Between Capsules will affect Insurtech

Geoffrey E. Hinton, the Godfather of Machine Learning, best known for pioneering advances in deep learning and backpropogation, recently shook up the world of Machine Learning by publishing findings on a new approach to the image classification problem. Hinton is challenging the world he’s helped to create, to entirely rethink its approach. The limitations of CNNs (Convolutional Neural Networks), the primary tool in image classification, have been understood for years. CNNs are effective for classifying images when they are placed in a consistent position.   CNNs run into issues when classifying images which are positioned differently, either upside down...

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MIT’s Andrew McAfee and Erik Brynjolfsson release “Machine, Platform, Crowd:Harnessing Our Digital Future”

We live in strange times. A machine plays the strategy game Go better than any human; upstarts like Apple and Google destroy industry stalwarts such as Nokia; ideas from the crowd are repeatedly more innovative than corporate research labs. From the authors of the best-selling The Second Machine Age, MIT’s Andrew McAfee and Erik Brynjolfsson, a leader’s guide to success in a rapidly changing economy. This book is definitely worth a read if you want to stay on top of growing Machine Learning and Artificial Intelligence industry. Check it out on...

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Musicorum Ex Machina: Music From The Machine

Creativity and emotion have always been considered to be exclusively human exploits, but recent innovations in the field of artificial intelligence are poised to change this. Machines have been capable of playing music for years, but recently they’ve also become able to compose it and inform musicians on the direction they should take with their song. Below are three of the most notable AIs that are going to have a transformative effect on the music industry. All three of these technologies present the potential to expand not only the capabilities of artificial intelligence, but the humans who rely on...

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5 Ways Artificial Intelligence is Disrupting the Healthcare Industry

The complexities in healthcare are responsible for the inefficiencies the industry has been grappling with for decades. It’s a sweeping problem, affecting virtually every sector as legacy technologies try to cope with the sheer size of the challenges it’s facing. While digital technology is making strides, one particular segment, Artificial Intelligence (AI), is turning hope and hype into real-world results. Watson for Drug Discovery ranked all of the nearly 1,500 genes within the human genome for predicting which genes might be associated with ALS. This was accomplished in a matter of months. Barrow Neurological Institute, which carried out the...

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