Browsing: AI

According to the Future Market Insights report, around 9.2 billion tonnes of plastic have been manufactured globally, out of which only 9 per cent is recycled!

The technology helps to protect manufacturers and consumers against food and drug counterfeits. 

 With the plastic waste menace causing unprecedented damage globally, there has been an ongoing movement to discover and use alternative packaging materials, such as paper, glass, and metals.

The dilemma facing the world right now is that even the processes of creating plastic-free solutions often release more significant carbon emissions than conventional plastics.…

The governor of Lagos State, Babajide Sanwo-Olu, was the special guest of honour at the digital launch and reception to mark the landing of Equiano sea cable systems in Nigeria.

Nigeria marks Equiano’s second stop in Africa after Togo, with future landings expected in Swakopmund, Namibia, and Melkbosstrand, South Africa.

While speaking at the digital launch, Juliet Ehimuan, Google’s business strategy director in West Africa, said that the cable leverage state of the art technology to provide approximately twenty times more network capacity than the last cable built to serve the region.…

Modern technologies increase skill premiums and thus can worsen income inequality by replacing low-skilled manual jobs…

The emerging digital ecosystem is a crucial multiplier of this growth, evident during the coronavirus pandemic…

Over 25 per cent of Kenya’s insurance industry income is fraudulently claimed leading to insurers incurring heavy losses.

To counter this, Kenindia Assurance has taken steps to curb the fraud by incorporating Artificial Intelligence (AI) in its motor insurance claim processes.

The insurer is utilizing artificial intelligence to fast track its claims resolutions through the use of anomaly detection, sentiment detection, text analytics and a self-service portal.

Integrated Motor Insurance Data System

Kenindia Assurance Deputy General Manager, Joyce Mathenge, says that motor insurance is the main contributor to insurance fraud hence the need to develop mechanisms to lower their risks.

“With more Kenyans owing cars and motor insurance being mandatory, we find that having ineffective due diligence processes and a corruption culture usually leads to motor fraud. We have invested in artificial intelligence as well as continuing training our teams to enhance their abilities to detect motor fraud,” said …