AI for Insurance: how AI will impact AI in underwriting, quotes, re-insurance. AI will improve claims handling, AI reducing fraud. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on insurance and AI

Futurist Keynote Speaker: Posts, Slides, Videos - Future of Insurance - Keynote Speaker on Risk

AI will create new efficiencies for insurance. The benefits of AI to insurers will be huge and will result in lower premiums and greater profit:

◆ More accurate, instant underwriting/quotes based on smarter prediction of risks

◆ Linking of premiums to live data, e.g. miles driven by younger drivers

◆ More accurate grouping of risks for re-insurance with larger companies

◆ Faster and more efficient claims handling

◆ Better fraud detection

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Read more: AI for Insurance: how AI will impact AI in underwriting, quotes, re-insurance. AI will improve claims handling, AI reducing fraud. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on insurance and AI

How AI will impact banks: AI will save bank core costs, deliver better banking services, but AI will also create huge new banking risks. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on banking and AI

Futurist Keynote Speaker: Posts, Slides, Videos - Banks, Banking, Insurance, Fund Management

AI SPENDING BY BANKS is growing by 30% a year and is likely to reach $100bn by 2027, mainly in North America. Last year, banks in the US and Canada were responsible for 80% of published research on AI and funded 60% of all banking investments in AI globally. While most of this is about saving on costs, as we will see, the greatest risk to banks will be AI-driven cyberattacks.

The banking sector as a whole is already in trouble. Indeed, it never recovered its full strength after the 2008–2009 banking crisis. A report by McKinsey shows that 75% of banks are delivering very low returns on capital for investors, not even covering the costs of providing that capital.

One reason is much tougher regulation, which hit profits by requiring banks to tie up more capital in reserves and be more cautious. But if you don’t allow decent financial returns on investment in a particular sector, then the market will tend to dump those shares in preference for something ‘safer’. And this is what has happened: banks are now struggling to attract strong investor interest – compared to ‘more exciting’ AI-related companies for example. But our world needs strongly capitalised banks. Banks are as fundamental to the future of every country as hospitals and schools.

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Looking for a world-class keynote speaker on Banking and AI? Call +44 7768511390

Read more: How AI will impact banks: AI will save bank core costs, deliver better banking services, but AI will also create huge new banking risks. Extract from Chapter 22 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on banking and AI

AI Investing, AI in Fund Management, Pension Funds, AI trading in Stock Markets and Global Financial Services AI, Banking AI. Extract from Chapter 21 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on Fund Management AI

Futurist Keynote Speaker: Posts, Slides, Videos - Banks, Banking, Insurance, Fund Management

Patrick Dixon is a global keynote speaker on Fund Management and AI, author of 18 books

AI WILL CUT banking costs, improve decision-making and reduce certain risks, in particular from fraud. But AI decisions will also dominate global markets, destroy some banks and risk global economic chaos.

A very important area of financial services is wealth management, and much of this relates to pensions, because for most people almost all the wealth they have, other than their homes if they are owners, is in pension savings (unless they work for government).

AI is taking control of stock markets globally

AI is rapidly taking control of all global stock markets. More than $110tn of company shares are listed in these exchanges, but over 90% of trading decisions are by computers, nanoseconds after a small or large event. Human beings are no longer involved. And increasingly such decisions are controlled by AI.

In the past, computer trades were automated, using human rules linked to market data, social media and news bulletins. The key to ‘algorithmic trading’ is ultra-speed. If there’s an earthquake in San Francisco, or an assassination in Brazil, computers dump huge volumes of shares a few billionths of a second later. That’s because their rules are set to ‘expect’ many others to ‘panic sell’.

The most successful trading companies make tens of millions of dollars a year by sending in their own automated orders just a few billionths of a second before anyone else. They have faster processors, shorter cables, and use other digital tricks such as their own microwave transmitters to avoid latency in public networks.

Read on - buy new book NOW. How AI Will Change Your Life

Looking for a world-class keynote speaker on Fund Management and AI? Call +44 7768511390

Read more: AI Investing, AI in Fund Management, Pension Funds, AI trading in Stock Markets and Global Financial Services AI, Banking AI. Extract from Chapter 21 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on Fund Management AI

How health care, hospitals and community care will be impacted by AI. 10 million lives will be saved a year globally because of AI in health. Extract from Chapter 5 - new book: How AI will Change Your Life - Dr Patrick Dixon, health and AI keynote speaker

Futurist Keynote Speaker: Posts, Slides, Videos - Future Health Care and Pharma Keynote Speaker

Patrick Dixon is a global keynote speaker on health and AI, author of 18 books

Many millions of lives will be saved each year by 2030 as a direct result of AI, 400,000 in the EU alone. 

AI is just the latest of many digital innovations sweeping through healthcare. 

At the same time, AI will remain invisible to sick patients receiving care in hospital or at home. 

You will be completely unaware of AI when unwell, with healthcare workers around you in the normal way, but your care team will feel better supported, by more accurate diagnostics and advice.

Over $30bn a year is already being spent on AI in healthcare, with AI budgets increasing by 30% or more every twelve months.

Read on - buy new book NOW.  "How AI Will Change Your Life".

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Read more: How health care, hospitals and community care will be impacted by AI. 10 million lives will be saved a year globally because of AI in health. Extract from Chapter 5 - new book: How AI will Change Your Life - Dr Patrick Dixon, health and AI keynote speaker

How AI will change your life - my latest book, out soon. A Futurist's guide to a super-smart world. 28 chapters on impact of AI in industry, government, company, personal lives. Patrick Dixon is a world leading keynote speaker on AI. CALL +44 7768511390

Futurist Keynote Speaker: Posts, Slides, Videos - AI Artificial Intelligence Robotics Cybersecurity

Patrick Dixon's 18th book is on Artificial Intelligence. Impact of AI on every industry, government, company and individual. Published by Profile Books in September 2024.

AI will create gigantic benefits for humankind in every industry, saving time and reducing costs. AI will also save hundreds of millions of lives in better health care. At the same time AI will disrupt a billion jobs, kill many in wars, is already out of control, and one day could gain the power to wipe us all out. So what will all this mean for your own career, family, community and wider world? What steps can we take now to survive and succeed in a super-smart world? 

* Patrick Dixon is often described as Europe’s leading Futurist. Author of 18 books, he has advised over 400 of the world’s largest corporations on a wide range of global trends. His clients include Google, Microsoft, IBM, Intel, LinkedIn and many of the world’s largest manufacturers as well as governments. Patrick is a cancer physician by first training and his first start-up company some decades years ago was an AI-simulator, using computers to talk to and diagnose patients. His website globalchange.com has had 15 million unique visitors with 9 million video views.

Read on - buy my new book NOW AI Will Change Your Life".

Read more: How AI will change your life - my latest book, out soon. A Futurist's guide to a super-smart world. 28 chapters on impact of AI in industry, government, company, personal lives. Patrick Dixon is a world leading keynote speaker on AI. CALL +44 7768511390

How AI Will Change Your Life - A Futurist's Guide to a Super-Smart World. Contents of New book on Artificial Intelligence - impact of AI on every industry and our personal lives. Author: AI keynote speaker Patrick Dixon

Dr Patrick Dixon MBE: Futurist Keynote Speaker - Futurist Books - free books on Future Trends

How AI Will Change Your Life - A Futurist's Guide to a Super-Smart World. 

New book on Artificial Intelligence. Impact of AI on every industry, government, company and individual. Published by Profile Books in September 2024.

AI will create gigantic benefits for humankind in every industry, saving time and reducing costs. AI will also save hundreds of millions of lives in better health care. At the same time AI will disrupt a billion jobs, kill many in wars, is already out of control, and one day could gain the power to wipe us all out. So what will all this mean for your own career, family, community and wider world? What steps can we take now to survive and succeed in a super-smart world? 

Read on - buy my new book NOW AI Will Change Your Life".

* Patrick Dixon is often described as Europe’s leading Futurist. Author of 18 books, he has advised over 400 of the world’s largest corporations on a wide range of global trends. His clients include Google, Microsoft, IBM, Intel, LinkedIn and many of the world’s largest manufacturers as well as governments. Patrick is a cancer physician by first training and his first start-up company some decades years ago was an AI-simulator, using computers to talk to and diagnose patients. His website globalchange.com has had 15 million unique visitors with 9 million video views 

Read more: How AI Will Change Your Life - A Futurist's Guide to a Super-Smart World. Contents of New book on Artificial Intelligence - impact of AI on every industry and our personal lives. Author: AI keynote speaker Patrick Dixon

The Future of AI keynote speaker. Will AI destroy the world? Truth about AI risks and benefits. (Some of this AI post written by AI ChatGPT - does it matter?). Impact of AI on security, privacy AI, defence AI, government AI - keynote speaker

Futurist Keynote Speaker: Posts, Slides, Videos - AI Artificial Intelligence Robotics Cybersecurity

* "How AI Will Change Your Life - A Futurist's Guide to a Super-Smart World" - Patrick Dixon's new book on AI is published in September 2024 by Profile Books

Buy now my latest book on AI: "How AI Will Change Your Life".

What is the future of AI? Parts of this post on Artificial Intelligence were written by a revolutionary bot called ChatGPT. AI already predicts the weather.  What about using Artificial Intelligence to predict other types of events or using AI to forecast how people will behave? Infosys has invested hugely in predictive analytics using AI, for example in the oil and gas sector.  Engineers planted around 30 sensors on several oil rigs in the Gulf of Mexico, and connected their data outputs to AI.  The AI sensors were recording things like temperature, air pressure, low frequency vibrations, high pitched sounds and so on, and matching the data to other events such as mechanical breakdowns.  After a few weeks, the team had an alert from the Artificial Intelligence system, warning that there was going to be a problem soon on one of the rigs, which was not taken very seriously because the AI system had only just been set up.  A few days later there was a major incident, and the engineers realised that AI discovered how to prevent disasters.  But how?  AI had detected unusual and obscure data patterns beyond any human understanding.

The same has happened with doctors reading X rays of bones or 3D scans of the human brain.  An AI diagnostic system was fed with tens of thousands of images, matched with diagnosis made at the time by experts.  AI was also fed older images of the same person.  So for example, a brain tumour may have been obvious in the later images but invisible to the human eye in earlier ones.  And as a result, in many hospitals around the world, AI is now detecting cancers far earlier than any human being can manage. Indeed, AI is better at image analysis than the human beings that trained AI.  Not just for medical images, but any images:  AI face recognition, AI recognition of people by the way they walk, and so on...

Looking for a world-class keynote speaker on AI? Call +44 7768 511390.

Read more: The Future of AI keynote speaker. Will AI destroy the world? Truth about AI risks and benefits. (Some of this AI post written by AI ChatGPT - does it matter?). Impact of AI on security, privacy AI, defence AI, government AI - keynote speaker

Future of Aviation: Carbon Zero Planes. New fuels such as hydrogen, smaller short distance battery powered vertical take-off vehicles. Why Sustainable Aviation Fuel is not the answer to global warming. 100s of innovations such as AI will impact aviation

Futurist Keynote Speaker: Posts, Slides, Videos - Future Travel Keynote Speaker:Auto, Rail, Aviation

The future of innovation in aviation will be dominated by three words: EMOTION, SPEED and SCALE. EMOTION: travel has always been driven by emotion, by the deeply rooted human desire to explore, experience, engage. 85% of humanity lives in emerging markets and most have yet to experience their first flight. SPEED: I am not referring here to supersonic air travel or space travel – both of which will continue to be exotic and unusual for the next 20-30 years. Just look instead at the speed of recovery of airline ticket sales the moment that COVID restrictions relaxed, as I predicted. And this speed is of course driven by emotion.

We will also see massive acceleration in speed of innovation across aviation in the race towards carbon zero. SCALE: the investment required to deliver a new world-class passenger aircraft is so vast that only 2-3 companies have the ability to do so. The same applies to massive infrastructure that will soon be needed to carry the world’s aviation fleet towards alternative fuels. Most board debates about the future of aviation are not about what is going to happen but are about timing...

* "How AI Will Change your life - A Futurist's Guide to a Super-Smart World" - Patrick Dixon's new book on AI is published in September 2024 by Profile Books.  It contains 38 chapters on the impact of AI across different industries, government and our wider world, including the impact of AI on the aviation industry and air travel.

Looking for a world-class keynote speaker? Call +44 7768 511390.

Read more: Future of Aviation: Carbon Zero Planes. New fuels such as hydrogen, smaller short distance battery powered vertical take-off vehicles. Why Sustainable Aviation Fuel is not the answer to global warming. 100s of innovations such as AI will impact aviation