2015 September 30 Home // 2015 September 30

Real Minority Report? Hitachi unveils technology that predicts crimes before they happen

Real Minority Report? Hitachi unveils technology that predicts crimes before they happen

The Sci-Fi predicted future of crime prevention is here. Hitachi has unveiled a system capable of predicting crimes before they actually occur.

Dubbed Hitachi Visualization Predictive Crime Analytics (PCA), the system is able to process huge amounts of data from a variety of sources and then process it using machine-learning to establish patterns of potential violent behavior that humans might simply overlook.

“A human just can’t handle when you get to the tens or hundreds of variables that could impact crime,” Darrin Lipscomb, an executive in Hitachi’s Public Safety and Visualization division, told the Fast Company.

Hitachi acquired the technology after purchasing two crime monitoring tech companies – Avrio and Pantascene – in September 2014.

PCA uses real-time social media and internet data feeds to make calculations and pin-point potential crime scenes down to a 200-square-meter spot. The system also allocates relative threat levels to every situation.

Read more http://www.rt.com/news/317018-hitachi-crime-prevention-technology/

Climate change poses risk to financial stability, says Mark Carney

Climate change poses risk to financial stability, says Mark Carney

Mr Carney, 50, who has been head of the Bank for two years, warned that insurers were exposed to each of three types of risks that climate change posed to financial industries: physical risks like floods and storms, “liability risks” from future claims and “transition risks” – financial problems linked to the move to introduce a low-carbon economy.

He added: “The challenges currently posed by climate change pale in significance compared with what might come. The far-sighted amongst you are anticipating broader global impacts on property, migration and political stability, as well as food and water security.

http://www.expressandstar.com/business/city-news/2015/09/29/climate-change-poses-risk-to-financial-stability-says-mark-carney/

And I thought the whole point of  insurance companies was that they ‘take on’ risk?  What next – amandatory insurance for food and water security?