Does this make sense to you? AI in the insurance industry??

Businessinsurance.com reported that “Artificial intelligence and other technologies hold great promise for the insurance industry but are not without issues, such as adoption and security…”  The January 17, 2019 article entitled “AI holds promise for insurance industry, but with caveats” is based on a “panel of insurance and technology industry executives speaking at the Insurance Information Institute’s Joint Industry Forum in New York” who opined:

There are two areas that the customer is thinking about,… data and the algorithms that use the data.

They [customers] seem willing to share data,… but become more skeptical when considering the algorithms, concerned about “the fairness and acceptability of using computers to make decisions.”

I think what’s important is, as we develop AI systems, we develop them in a way that lends itself to fair outcomes

Stay tuned to see how AI works out for the insurance industry.

WOW!! Cows are being milked by robots!

The New Times reported that “About 150 Jersey cows in the rolling terrain at Rivendale Farms in Bulger, some 25 miles west of Pittsburgh, wear Fitbit-like collars that monitor their movement, eating and rumination patterns. They are milked not by humans but by robotic machines.”  The January 13, 2019 story entitled “Robotic Milkers and an Automated Greenhouse: Inside a High-Tech Small Farm” included these details:

Farming in America is increasingly a high-tech endeavor. Combines guided by GPS, drones, satellite imagery, soil sensors and supercomputers all help the nation’s food production. Yet that technology is mainly tailored for big industrial farms, where fields stretch as far as the eye can see.

Technology for giant farms is all about increasing yields and cutting costs. For smaller farms, too, efficiency is paramount. But technology can also eliminate a lot of tedious, routine labor — a lifestyle payoff that can help persuade a younger generation to stay put on family farms rather than sell out.

If you’ve ever spent time on a farm you would really appreciate this news!

Watch out because the CryptoRansom may be directed to you!

CBSnews.com reported that “68-year-old Anne-Elisabeth Falkevik Hagen has been missing since Oct. 31.”  The January 9, 2019 article entitled “Norwegian billionaire Tom Hagen’s wife being held for ransom” included these comments about her husband Tom Hagen a real estate investor and owner of power facilities whose “fortune in 2018 amounted to nearly 1.7 billion kroner ($2 billion)is number 172 on a list of the country’s 400 most wealthy people published by Norway’s financial magazine Kapital” that police:

…said a note found in the couple’s house, east of Oslo, described what would happen to her if the demanded ransom wasn’t paid in the cryptocurrency Monero.

…did not give a figure for the ransom amount, but Norway’s VG newspaper reported it was 9 million euros ($10.3 million.)

This is really terrible news!

What do you think? Is AI only hype?

The New York Times reported that “Virtual reality and self-driving cars have been talked about a lot in recent years, and they will still be talked about this year. But these two technologies are still nascent or premature.” The January 3, 2019 article entitled “Devices That Will Invade Your Life in 2019 (and What’s Overhyped)” included these comments:

Over the last two years, tech companies like Facebook’s Oculus, HTC, Google and Samsung have flooded the market with virtual reality headsets and plenty of software and games. Yet people have not exactly embraced the products.

Self-driving cars are also still many years from becoming mainstream. Even though some companies have permits to test autonomous cars in California, Arizona and elsewhere, several of the leaders in the technology — such as Alphabet’s Waymo — have refrained from committing to a release date for self-driving vehicles.

Time will tell, so stay tuned!

Will your Blockchain digital wallet kill the password any time soon?

Computerworld reported that “Blockchain distributed ledger technology (DLT) – in combination with digital identity verification – holds the potential to solve online privacy issues that plague everything from consumer sales and bank know-your-customer regulations to employee credentials that allow access to confidential business systems.”  The January 2, 2019 article entitled “How blockchain may kill the password” included these comments about the low adoption of Blockchain:

A 2018 Gartner CIO survey revealed on average that only 3.3% of companies worldwide had actually deployed blockchain in a production environment.

Given all the press you would think Blockchain was further along!