As an international team of computer scientists using theoretical calculations have shown that it would be fundamentally impossible to control a superintelligent AI ­ — whether such an AI will harm humanity is not conclusive. AI advanced enough to menace humanity is probably still a long way away.

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Developments in AI have made impressive progress in the past decade, from driving cars, to composing symphonies, or playing chess better than anyone else. …


With a staggering number of road accidents around the world continuing to claim precious human lives, safety technology is evolving. AI-driven management systems are expected to make a huge difference in improving road safety and saving lives.

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We are seeing safety technology being implemented by automakers, like lane-deviation alerts, while driverless cars are being developed — which are expected to feature the next level of advanced safety features like auto-braking, road-sign reading, and more. …


As the economic impact of climate change will move economies towards de-carbonization, and carbon-neutral investments, climate risk is going to alter insurance policies, portfolios, and assets. The insurance industry must prepare for the physical, and systemic effects of climate change by adapting new business models.

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The effects of climate change are stronger and immediate, with increasing frequency of natural disasters, destruction of properties, and businesses now hitting record-breaking rates. According to McKinsey the value at stake from climate-induced hazards could increase from about 2 percent of global GDP to more than 4 percent of global GDP by 2050.

The changes…


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Today it is well recognized that the mental health of employees is crucial to their overall health. Poor mental health and stressors at the workplace are a contributory factor to a range of physical illnesses such as hypertension, diabetes, and cardiovascular conditions. Burnout amongst employees seriously affects their ability to manage their personal and professional lives meaningfully.

The onus of employee mental health well-being lies with the company, and its ensuing culture. When employees feel valued, cared for, and appreciated, the morale and engagement of teams increase. And creating a positive and enabling work environment, with a culture of positivity…


Tesla’s long-expected entrance into insurance has sent waves through the insurance industry. Incumbents are now challenged to adopt Insurtech solutions for reduced accidents, changed risk profiles, and automated claims in a fast-evolving digital ecosystem.

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When Elon Musk says that 30–40% of Tesla’s expected revenue will come from insurance, the world pays attention. With Tesla being the most valuable carmaker in the industry, this places the insurance business as one of its most valuable business units today.

Musk’s announcement during Tesla’s recent Q3 earnings call has revved up the insurance industry. “Obviously, insurance is substantial. So, insurance could very well be…


Insurance products must become more predictive. The ability to innovate upon digital technologies like predictive analytics and IoT will depend upon design thinking — which focuses on what end-users want, rather than internal process efficiency alone.

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Digitization, business model disruption, mobile technology, and process automation are some of the trends industries have adapted across. Advances in artificial intelligence, sensor technology, robotics, and automation are shaping the future of insurance today. Due to complexity in sales, new business processing transactions, and the long-term nature of the policyholder-insurer relationship — digitization of insurance has been a gradual shift.

But now, flexible, agile…


Technology companies that employ a meritocracy, people forge their own path to leadership, not simply by working hard and smart, but by freely expressing innovative ideas that positively impact their teams and company.

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For organizations to foster innovation effectively, employers strive to recruit, and retain top talent. To be able to accomplish this, they cultivate meritocracies. This means hiring and rewarding the best individuals based on their talents alone.

In an organization that practices meritocracy, everybody has the privilege to express their ideas, and do so transparently, without fear of negative consequences. These ideas are listened to, and decisions are…


Distributing the COVID-19 vaccine will be unlike any vaccine distribution effort due to its scale and urgency. The key lies in advanced telematics solutions that deliver efficient and reliable cold chain supply management at scale for life saving vaccines.

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Now that Pfizer and BioNtech, and Moderna are getting emergency approvals of their COVID-19 vaccines for mass use, any approved cure for Covid-19 is a mammoth distribution challenge for world health leaders. The immediate challenges lie in supply chains and logistics, which need to ensure the most effective solutions to manage and monitor vaccine shipment and transportation across the globe

Most…


Behavioral insights can reveal how small changes can yield a big all-around improvement. Nudges offer a way towards discarding of the status quo in favor of end-to-end digitization.

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Behavioral economists combine elements of economics and psychology to understand the irrational factors, beyond logical reasoning that steer buying behavior. These are habits, emotions, willpower, framing of alternatives, and the ability and need to trust someone. Through an understanding of how these factors drive behavior, companies can create targeted interventions that ‘nudge’ consumers to make better, safer, easier, more economical choices, without restricting their freedom to decide against the nudge. …


The role of work culture is causally linked to business success. A holistic focus on employee engagement, and culture-building from the very beginning, has been a hallmark of the tech revolution.

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Workplace wellbeing solutions have evolved beyond physical fitness and health care into a more holistic approach, which encourages each employee to bring their best selves to work. The tech industry has a well-established reputation for introducing and nurturing a people-first culture globally. And a holistic ecosystem can bloom only when every individual feels cared for and respected by the people of the organization throughout. …

Roadzen

Insurance made simple. www.roadzen.io

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