Blog

Sometimes "too good to be true" blocks disruptive innovation

Over the last few months we have had the opportunity to present our SynerScope Ixiwa solution to many prospect corporations and potential business partners. I have learned a lot from these conversations, both on how to make our offering even more user-friendly, as well as on which technical developments should be prioritized.

Read more

Insuretech: Winning the battle but losing the war?

It was exciting to visit InsureTech Connect last week; there was a great energy and optimism on what we collectively can innovate for our insurance industry and customers,  and it was wonderful to see insurers, technology providers of all sizes and maturity levels and capital providers from all around the world coming together and try to move our industry forward.  As somebody eloquently pointed out: it was insuretech meeting maturetech.

Read more

Using Smart City Data for catastrophe management: It still is all about the data......

Recently I had the pleasure to work with SMA’s Mark Breading on a study about the development of smart cities and what this means for the insurance industry (Breading M, 2017. Smart cities and Insurance. Exploring the Implications. Strategy Meets Action).

New Call-to-action

In this study Mark touched on a number of very relevant smart city related technical developments that impact the insurance industry, such as driverless cars, smart buildings, improved traffic management, energy reduction, or sensor-driven better controlled and monitored health and well-being.  Mark also explored how existing risks and how carriers assess them might change, and how these might be reduced due to new technologies.  However, new risks, especially around liability (think cyber, or who is to blame for errors made by technology in a driverless car or in automated traffic management) will evolve. Mark concluded that insurers will have to be ready to address these changes in their products, risk assessments and risk selection.

Read more

Data lakes, buckets and coffee cups

Over the last years, primarily large carriers and especially the more “cutting edge” ones (for all the doubters: yes there is such a thing as a cutting edge insurer), have invested in building data lakes. The promise was that these lakes would enable them to more easily use and analyze “big data”, and gain insights that would change the way we all do business. Change our business for the better, of course. More efficient, better customer experiences, better products, lower costs.  In my conversations with all kinds of carriers, I have learned that I am not the only one who struggles to totally grasp this concept:

Read more

Dataworks Summit Munich and dreams coming true

Last week the SynerScope team attended the Dataworks Summit in Munich: “the industry’s premier big data community event”. It was a successful and well-attended event. Attendees were passionate about big data and its applicability to different industries. The more technical people learned (or in the case of our CTO and CEO: demonstrated) how to get most value quickly out of data lakes. Business folks were more interested in sessions and demonstrations on how to get actionable insights out of big data, use cases and KPIs. Most attendees came from the EMEA region, although I regularly detected American accents also.

Read more

Artificial intelligence ready for "aincient" cultures?

Google, Aincient.org, Synerscope and the Dutch National Museum of Antiquities are creating a revolutionary acceleration in antiquities research

Last Monday I was present at the launch of a fantastic initiative for Egyptian art lovers around the world! A more apt setting was not possible as the presentations were organized in front of the Temple of Taffeh, an ancient Egyptian temple built by order of the Roman emperor Augustus.

Read more

Innovation in action: Horses, doghouses and winter time..

During a recent long flight from Europe, I read up on my insurance trade publications. And although I now know an awful lot more about block chain, data security, cloud, big data and IoT than when I boarded in Frankfurt, I felt unsatisfied by my readings (for the frequent flyers; yes, the airline food might have had something to do with that feeling). I missed real live case studies, examples of all this new technology in action in normal insurance processes, or integration into down-to-earth daily insurer practices. Maybe not always very disruptive, but at least pragmatic and immediately adding value.

Read more

First Time Right

First time right: sending the right qualified engineer to the address of installation.

To ensure a continuous and reliable power supply to households in the coming years, energy providers are replacing old meters with new smart meters. The old, traditional meter is not prepared for the smart future and not suitable for new services and applications that help reduce energy consumption.

A wide range of meters of different ages are currently

Read more

the Panama Papers: advances in technology leave nowhere to hide

Having identified international politicians, business leaders and celebrities involved in webs of suspicious financial transactions, the International Consortium of Investigative Journalists (ICIJ) is now being asked by tax authorities to provide access to the 11 million leaked documents it has been handling over the past year. Meanwhile conspiracy theories are running wild over the source of the leak, which insisted on communicating using only encrypted channels.

Read more

SynerScope illuminates Dark Data

Nearly every company is collecting and storing large amounts of data. One of the main reasons for this is because data storage has become very cheap. However, storage may be cheap, the data also needs to be protected and managed which is often not done very well. Obviously, not protecting the data puts your company at a risk. More surprisingly, not managing the data brings an even higher risk. If the data is not carefully indexed and stored, it becomes invisible, underutilized, and eventually is lost in the dark. As a consequence the data cannot be used to the companies advantage to improve the business value. This is what is called dark data, "the information assets organizations collect, process and store during regular business activities, but generally fail to use for other purposes." -- Gartner.

The potential of dark data is unimagined; performing active exploration and analytics enables companies to implement data-driven decision-making, strategy development, and unlock hidden business value. However, there are two main challenges companies are facing: discovery and analysis.

Read more
Copyrights © 2017 All Rights Reserved SynerScope | Privacy Statement