Tag: Machine Learning (ML)

The adoption of accelerated, or automated underwriting, which uses advanced artificial intelligence and machine learning technologies to evaluate risk and underwrite life insurance, has been limited to date. This can partly be attributed to insurers cautiously rolling out automated decision-making, opting instead for small-scale improvements to risk frameworks.

The world’s population is predicted to grow to more than 9 billion by 2050 and the Food and Agriculture Organization (FAO) estimates that we will need to produce 60% more food to feed everyone, a huge increase that will undoubtedly take its toll on the planet.

With digital transformation and rapid advances in technology meaning change in the market is swift and constant, businesses must keep up, or face being left behind. Agility is the key to business success and the healthcare industry is no exception.

2022 was a rollercoaster - I don’t think any of us could have predicted what was to come. The constant through it all was the importance of technology to overcome our near-term obstacles and to realise our long-term opportunities.

Hybrid work, the rise of the Internet of Things, and analysing data close to the edge mean traditional ways of safeguarding data are no longer sufficient. Zero Trust has emerged as a more proactive way for businesses to keep their systems, data, and networks protected against compromise.

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.

Automation is complex – especially in the manufacturing industry. Will the automation trend continue to accelerate? The adoption of automation is one of the unexpected game-changers that the COVID-19 pandemic has accelerated in manufacturing. The impact is nowhere more robust than on the shop floor.

Managing a cloud estate can be a culture shock. The traditional operating mode centred around buying, running and decommissioning physical hardware over multi-year cycles is replaced by a need to continuously manage and optimise capacity, consumption, cost, performance, and business innovation.

Outside, drones fly overhead, keeping an unflinching eye on crops and cattle, while driverless tractors plough the fields precisely and robots methodically gather the harvest. Meanwhile, miles away from traditional farmland, machine-controlled vertical farms grow food without soil in giant warehouses.

It is anticipated that Artificial Intelligence (AI) technology will grow Africa’s economy by $1.2 trillion by 2030. Fuelling this growth are South African tech start-ups, 357 of which have raised a combined $994 million and employed an estimated 11,000 people since 2015.