Digital insurance with AI sets the trend in the Insurtech market
12/04/2024Digital insurance, connected and driven by generative Artificial Intelligence (AI), is making a milestone in the Insurtech market, according to a report prepared by the technology consultancy NTT Data. The report, 'Insurtech Global Outlook 2024,' delves into the three waves of innovation that are reshaping the insurance sector and also offers recommendations derived from its main findings. NTT Data experts detail that, after reaching record investment figures in previous years, the sector experienced an adjustment in 2023, reflecting both the bursting of a bubble and a strategic adaptation to new global economic and political realities. Three waves of innovation in digital insurance The NTT Data report identifies "three waves of innovation" in the insurance industry: digital insurance, connected insurance, and generative insurance. The first ones, they explain, mark the entry of Insurtech companies into the market, while connected insurance leads the shift towards proactive prevention strategies and personalized approaches for the client. The latter, generative insurance linked to AI, they add, are helping insurance companies to generate high-impact models in society, while also complying with ethical regulations. In fact, according to this work, cybersecurity and AI emerge as fundamental pillars for the transformation of the sector. The report highlights, for example, an investment of 640 million dollars in cybersecurity, with a growth in the number of transactions and an increasing focus on protection against cyber risks. In addition, artificial intelligence, with investments of over 50 billion dollars, is consolidating, according to the NTT Data report, as a disruptive force, paving the way for revolutionary solutions and business models.
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Canyon
CanyonIf there's one brand that has its sights set on the gamer world, it's undoubtedly Canyon. Not that they only do that, but the amount of specialized products they have been manufacturing for video game lovers, shows that it is a brand that is always attentive to new trends and needs of this important market sector. The world of video games is very much alive and has undoubtedly been living a golden age for some time now. The manufacturers who have been able to see it, too.
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European companies are facing million-euro losses due to connectivity issues
12/06/2023A study by Cradlepoint reveals that European businesses could be losing milions of euros every week as a result of connectivity problems. According to the State of Connectivity in Europe report, conducted in collaboration with Censuswide, 74% of companies experience at least 2 hours of connectivity loss each week. One hour of downtime can be valued at 332,600 euros, according to Statista. These connectivity issues have also generated additional operating costs for 47% of the surveyed companies, and 33% have missed out on business opportunities due to these problems. Furthermore, the education sector is affected, as 80% of respondents state that poor connectivity hinders the development of skills necessary to thrive in a modern economy. The study also highlights that 21% of European companies have lost talent due to connectivity issues. The findings also conclude that improving connectivity is considered crucial for 90.5% of the surveyed companies, as it would help them better manage potential economic, social, and political challenges and increase their resilience to future disruptions.
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Cisco
CiscoCisco creates powerful connections and high-end protection systems throughout the world. Founded by computer specialists in 1984 at the National Center for Engineering Pathways to Innovation located on the campus of Stanford University, its first achievement was to connect computers between the different departments of the University itself, creating the first efficient and practical connectivity network. Today, it is one of the leading companies in Internet communications, enabling people to establish powerful connections in business, education, research, and creative sectors. It is headquartered in San Jose, California, with subsidiaries around the world.
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Madrid taxis already accept payment with cryptocurrencies
24/05/2022From this month of May, Madrid taxi users will be able to pay in cryptocurrencies. The possibility of this new means of payment comes after the agreement between the taxi sector and the Woonkly company, which has distributed dataphones to all taxi drivers so that payment with cryptocurrencies can be made. Madrid is the first city in Spain to introduce this means of payment in taxis, which is also contemplated by various municipalities in the United Kingdom and the Scandinavian countries. At the moment, the cryptocurrencies accepted in Madrid taxis are Ethereum, Bitcoin BEP2, Woonkly Power, Binance Coin, Cardano, Avalanche, Binance USD, Polkadot, USD Coin, Tether and Wrapped BN. The technology of the dataphones that are prepared to print the proof of the operation once the payment has been made, belongs to Waynance, a firm from Alicante, whose payment gateway has become the first universal payment system for cryptocurrencies. It allows payments done from any payment platform (POS, e-commerce, etc.), with any cryptocurrency, through any decentralized wallet and, above all, instantly.
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Devolo
DevoloThe one thing that defines the German technology company Devolo is its commitment to bringing functional and efficient solutions to the smart grid industry. Since its founding in 2002, Devolo has been striving to give shape to the power grid of the future. This company offers communications devices for the industrial and home sector and manufactures high-performance, digitized, and user-friendly products for smart homes. Devolo is undoubtedly a driving force of innovation in digitization.
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Menorca launches 5G connection in the 700MHz band while fiber optics continues not reach in some areas of Ibiza
13/05/2022After the relevant procedures to verify the absence of interference with DTT or other incidents, Movistar has received the green light to turn on 5G in the 700MHz band in Menorca and at this time the municipalities of Es Mercadal and Sant Lluís are already under this coverage. The new 5G in the 700MHz band has better range and better capacity to go through obstacles, thus offering better indoor coverage and universalizing some of the characteristics of 5G communications, such as low latency. The switching on of 5G in the rest of the island will be gradual. And while this is happening in Menorca, in Ibiza, the mayor of Sant Josep, has transferred to Telefónica the need that the operator deploy its optic network to cover all the municipality, because, explains the mayor, there are still areas such as Es Cubells, Cala d'Hort or points in Sant Agustí where the fiber network does not reach. The desire of the Ibiza Town Hall is, furthermore, to turn the capital of the island into one of the first destinations reached by 5G technological leap outside the large cities of the State. “It is a great opportunity for our citizens and the development of new economic sectors. We are also sure that 5G will soon be among the demands of tourists. The 5G availability will allow us to offer an exponential increase in added services to further improve their stay”, explained the Deputy Mayor for Finance and Modernization of Sant Josep, Vicent Roselló.
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Engel
EngelEngel has been manufacturing and marketing electronic products throughout Europe for almost 50 years. Although they mainly offer products and solutions for televisions and antennas, they also manufacture telephony and connectivity accessories, such as routers. Engel is today a leading company in the DTT sector and one of the major manufacturers and distributors of technological products for community and individual reception of terrestrial and satellite television. At Engel, they always strive to create technologically advanced products that offer competitive solutions to both the telecommunications professional and the end user.
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Ngs
NgsSince 1996 the Basque company NGS has been fighting hard in the computer peripherals and consumer electronics sector, manufacturing products focused on design and quality. In just 30 years NGS has managed to become a reference in its sector, with high-end products, innovative technology, and an attractive design, while remaining competitive.
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Nox
NoxThe Spanish brand Nox, has been in the market for more than ten years and has a great reputation in the sector of manufacturing and development of computer components. It has become in a short time a reference brand, not only for offering super competitive products at a great price but also because of the performance of its components, which are highly appreciated by demanding consumers in the gaming world.
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Toshiba
ToshibaThe Japanese brand Toshiba, is one of those that has gone through ups and downs in both production and reputation throughout its long history. Founded in 1939, Toshiba has been a prolific producer of all kinds of electronic solutions for the domestic, commercial and industrial sectors. In its good old days its products and services were highly diversified, ranging from electronic components, IT solutions and accessories to elevators and escalators for industrial infrastructures.
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Vodafone
VodafoneSince the year of its creation, 1985, Vodafone has been a global brand of reference in the super-competitive telecommunications sector. The company, from its headquarters in England, is not only a leading technology multinational operating worldwide (except basically in America), but also a strong proponent of innovation. Touching all the keys and areas of this immense sector, Vodafone continues to create products and devices to keep society connected at all levels and to continue building a digital future for and by people.
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