October 4 – 5 Key Stories From The Digital World

By October 3, 2019 Insight

1. Millennial Esports to create world’s first dedicated esports racing arena in Miami

  • new facility is part of Millennial Esports’ push to professionalise global esports racing competition…new 12,000 square-foot arena will be located in the prominent entertainment district of Wynwood in Miami
  • will feature 30 racing simulators which can be raced on individually, linked with the other racing rigs in the building or globally networked to compete against drivers from all over the world
  • Esports is the fastest growing sport in the world, but the racing genre of esports is ready to take a massive leap

2. Uber Copter goes public in NYC — here’s what it’s like

  • service launched earlier this summer, but initially only to Uber’s top-tier…Today it’s open to everyone
  • app not only reserved…helicopter ride from the heliport on the southern tip of Manhattan, but also lined up an UberX car…all done completely seamlessly
  • eight minutes to get from downtown Manhattan to JFK…plenty of ways to book helicopters out of Manhattan, but Uber is unique in enabling this ease of multimodality…while that near-$200 cost is high, it is more affordable than some other helicopter services

3.  IKEA in ‘World First’ Transaction Using Smart Contracts and Licensed E-Money

  • IKEA Iceland has taken part in a commercial transaction on ethereum, using smart contracts and licensed e-money to facilitate the settlement of an order from local retailer Nordic Store
  • transaction was carried out on a platform provided by supply chain management firm Tradeshift and used “programmable digital cash” from ConsenSys-backed Monerium
  • A programmable financial supply chain, where trading partners can connect information flows to money flows through smart contracts, will transform how suppliers and customers interact

4. Augmented Reality is making industrial work more productive

  • Users can experience AR (Augmented Reality) marked-up views of equipment and spaces through smartglasses such as Realwear’s HMT-1, or by using an Android smartphone app to mark up video from the phone’s camera in real time—something like Pokémon Go for the industrial floor
  • In the future, field techs will be able to just aim their phone or glasses directly at the machine and have relevant KB procedures pop up automatically
  • At each step of the procedure, the app highlights the appropriate parts—for example, bolts which should be loosened can be circled in red—on the actual video of the machine, as seen on the field worker’s phone or headset in real time

5. InsureTech Connect 2019 Conference Reflections

  • interesting startups that are bringing AI-enabled business models to agency distribution…InsureLife.io uses psychological and behavioral data from its proprietary algorithms and AI models to predict its customers’ key life events and insurance needs, then connects its customers to its agents via video, voice, or chat
  • legacy systems and processes have been a tremendous obstacle to digital transformation…State Farm and Salesforce’s announcement of their collaboration to transform State Farm’s customer experience (CX), enabling the carrier to deliver intelligence-driven CX across every touchpoint
  • As AI building blocks and companies’ AI capabilities mature, applications of AI will undoubtedly affect how insurance is sold and serviced in tomorrow’s insurance marketplace