As the market for the Insurance Industry grows, a vigorous revitalization of the system is essential, so as to be able to cater to the evolved needs of the clients. The emergence of new businesses offering non-traditional services in the field is forcing the prevalent big players to rethink their strategies and adopt other novel technologies to keep their heads above the water; the appearance of revolutionary technology itself, such as blockchain, is another game-changing factor for the Industry. Expectations are at an all-time high, with an overhauled market structure; the revamped consumer base expects nothing less than the online Four Seasons experience that they are used to from Amazon & other online giants.
Here are a few trends that are expected to take over the Insurance Industry in the next few years:
With the start of the era of technology, we have seen people more concerned about their image in various social media platforms more than their real-life image. People spend a considerable amount of time in these environments playing around with new combinations and trends to climb the social ladder within this artificial society. Through this platform, people have reached out to the masses and educated millions on many different subjects. Some of this “education” might have created a row in society but most of these “influential people” have created a better world by spreading information amongst people.
One of the best ways these people get their recognition over the internet is by making a stellar profile on Instagram. To do this they need to design their profile at par with common trends to please the masses and in the process be recognized by millions. Here are the top trends that you can watch out for on Instagram:
One very special type of technology that is growing rapidly nowadays is Blockchain. Despite being practically non-existent to the common public it has grown at a steady rate for the few years and its impact has been tremendously high especially in the business department. So many companies depend on blockchain currency for their monetary transaction and the collapse of this particular technology might result in the collapse of their entire business. More and more companies are migrating towards blockchain nowadays to carry out even their basic business transactions. As it is more reliable and secure, it is also much more logical to use this piece of technology to carry out your business nowadays. Some people may find it hard to work with it as they don’t really understand the entire concept of it but most people don’t know how the Internet works but it does not stop them from using it every day.
Small businesses or start-ups that have entered into this world of hyper transactions can benefit greatly from blockchain and here are some of the ways it would be beneficial to them:
Even though cats and dogs are different animals, what is the point of distinction between them? You might term the ability to distinguish between a cat and a dog to be common sense, but it is described as deep learning. People are not programmed to recognize different attributes in an object by inputting external information. These capabilities are inherent and cannot be induced through external stimuli, and thus are unnoticeable for us humans.
Computers, on the other hand, need gradual feeding- in the form of deterministic algorithms- to detect even the most simple judgments. Despite the surge in machine learning and connectivity, a computer cannot do what a toddler does unintentionally. The following are the developments in deep learning:
- Over the past six years, deep learning, which is a branch of artificial intelligence, has made tremendous progress, taking inspiration from the neural networks of the human brain. Facebook’s AI lab has built a system that can answer basic questions, to which it has never been exposed to. Amazon’s smart speaker, Echo uses deep learning as well. And three years back, Microsoft’s chief research officer took everyone by surprise at a lecture in China where the machine used deep learning to translate his English into Mandarin with the output in his own voice and an error rate of only 7%. Continue reading
In modern world cinematography, continuity of scenes is really important giving a flow to the ongoing story and making it a visually enchanting experience for the viewers. This is a process of film transition making it necessary for the better understanding and to join the film parts, elements by elements for giving continuity to the sequences taking place in the film. Until and unless we have a good ongoing process of invisible cuts, it wouldn’t provide for an eye-catching and professional experience for the viewers.
There are generally random shot footages which are attached one by one with different effects of sounds and other effects to make it more embellishing and appealing for the viewers. There are various other effects added to this process like subtitling, 2D and 3D effect, general noise reduction, among others to give it a more realistic view. There are different software required for this process and recently many award-winning short films and feature-films have been using better software to give that special effect to each scene.