Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
11
Watson-enabledsolutions
RanaGhosh-Roy15th November2016
©2016IBMCorporation
2
Dr Rana Ghosh-Roy is a pragmatic strategist, with agreat industry track record of converting strategiesto operations. He has won various industry awardsbut privately still proudest of his achievements atHMLR and SLC.
Rana always understood the power of unstructureddata, in combination with structured data. He hasbeen the architect of numerous innovative datadriven solutions.
Rana is currently leading the Cognitive andAnalytics team, across Europe in IBM’s GlobalBusiness Services division for the Financial Services(FS) sector. He is on the advisory board of a fewinnovative companies, as well as an AdjunktProfessor at IIT Kanpur, the top technical institutionin India.
©2016IBMCorporation
3
IBMis105+yearsold,operatinginover170countriesand
hascirca400,000+++employeesglobally.
Itisbestknownforitstechnologyproductsandgroundbreakingadvances.
…notsurprisingly,wehavetillnowfocussedonthe‘T’inIT.....
©2016IBMCorporation
4
Becausetheworldhaschanged– ourclientshaveaskedustofocusonthe‘I’inIT.
Thisrequireshavingdomain knowledgeandWatsonhasproventobeamajordifferentiatorforus……wenowembedWatsonintosolutionstohelpourclientsleapfrog theircompetitors.
IBMishowevertransformingitselfintoaleadingCognitiveCloudComputing company.
©2016IBMCorporation
5
SolutionsforAnAgingPopulation
AtransformingIBMisalreadytransforminglives,usingitstechnologyprowessanddomainknowledgeworkingwithourclients.
Let’sseeanevidenceofthis….
(Warning! Somemayneedaboxtissues!!)
©2016IBMCorporation
6
77
So, have you met Watson yet?
©2016IBMCorporation
8
WhatitdidIBMWatsonwowedthetechindustryandacornerofU.S.popculturewithits2011winagainsttwoofJeopardy'sgreatestchampions.
Stored200millionpagesofinformation
ObjectiveGetananswerandfindthequestionToplayaquizgame
PerformanceSinglecluegiven,replywithinseconds
©2016IBMCorporation
9
WhereelsearewetakingitImagineifWATSONcouldprovideKYCofanindividualoracompany
Acompanywantsto
WatsongetsKYCinfoinrealtime
dealwithvendors/partner
hireaperson
andprovidesInsights
©2016IBMCorporation
10
WhatwillCognitiveKYCdo
RealTimeDataRealtimeaccesstointernetbaseddata
ObjectiveTobeabletogetKYCinformationofanindividualorcompanytoreduceRisk&Fraudoccurrences
MinutesinsteadofdaysReducetimewastedinresearchandanalysis The KYC Champion
©2016IBMCorporation
11
WhatwillCognitivedo
Watsonwillanalyse yourstructuredandun-structureddatatogiveKYCrecommendations
Beobjective
StructuredData
• USSec• UKCompaniesHouse• SecretaryofState• BvD• InternalDatabase
Decipherthesubjective
Un-StructuredData
• BBC/CNN• Google/Bing• LexisNexis/Factiva• Blogs/SocialMedia• DowJones
©2016IBMCorporation
12
HowCognitiverevealsrelevantdata
Collectsdatafrommultiplefederatedsources
PresentsoneKYCformfortheindividual/company
Gender
Mobile
Phone
Address
Name
Passport
Prioritizesthefieldsbasedonthesources
©2016IBMCorporation
13
HowCognitiverevealsinsights
Analysesstructuredandun-structureddata
SubjectTimeline
illegal
Government
UnderstandsComplexStatements
In July 2011, Rupert Murdochfaced allegations that hiscompanies had been regularlyhacking the phones ofcelebrities, royalty, and publiccitizens. Murdoch faces policeand government investigationsinto bribery and corruption bythe British government and FBIinvestigations in the U.S.
ProvideanEntity
AdverseMedia
PresentstheConclusion
©2016IBMCorporation
14
Let’stakeauserjourney,withWatson,intheFinancialworld.
WhyaWatson-enabledKYCissoimportanttoday?
United Nations 2015
According to UN
3.7 trillion USDis laundered globallyout of $75 trillion USDGlobal Economy
©2016IBMCorporation
15
Withtherecentterroristatrocities …
§ KYC/CDDisattheheartofthe4th EUAnti-Money-Laundering/TerrorismFinancingDirective. ItisobligatoryforallFinancialInstitutions(Banks,FinancialIntermediaries,etc.)withoperationsintheEU.
§ Implementationcut-off wasoriginallyJune26,2017.Duetotherecentterroristeventsin
WesternEurope,theEUParliamentbroughtthisforwardtoDecember31,2016.§ Mostexposedto1st implementationreviewarethe173Institutions recently
identifiedasSystemicallyImportantbytheEuropeanBankingAuthority.(https://www.eba.europa.eu/risk-analysis-and-data/other-systemically-important-institutions-o-siis-/2015)
§ Weareabletooffera3-phasedsolutionwithaMVP(1st implementation)inPhase2,readyforthemandatoryreview.
Ourclientsandregulatorsexpectcomprehensivesolutions…
©2016IBMCorporation
16
CognitiveKYC
IBM’sCognitiveKYCisspeedingupCOB/KYCprocessesandreducingAMLfalsepositives.
Let’sseeanevidenceofthis….
©2016IBMCorporation
17
1818
Let’suseIoT,CognitiveandAnalyticstogether:AnInformedApproachtoUnderwriting
©2016IBMCorporation
19
Mostaccidentshappeninbusyshippinglanes…
Didyouknowthatonly4% ofroadaccidentshappenonUKMotorways?Itisnotthatdifferent intheshippingworld!
TheGPScoordinatesofcontainershipsarerepresentedhere.
©2016IBMCorporation
20
Thereisevenamapforworldwideshippinglanerisks…
©2016IBMCorporation
21
Theprobabilityofsuchaccidentsincreasesdramaticallyinastormyweather…
OurstrategicacquisitionofTWC(TheWeatherCompany)isprovingtobeextremelyuseful.
©2016IBMCorporation
22
Theextentofdamageisquantified,costedand[temporary]repairsordered…
Couldthisbeavoided?
©2016IBMCorporation
23
Vessel ID (IMO) Date of Incident Claim description
8977948 30/12/2015 Salvage9017393 31/12/2015 Fire damage8769418 01/01/2016 Hull damage and 1 crew member dead9454242 09/01/2016 Engine failure9241774 11/01/2016 Allision damage and passenger claims9231688 26/01/2016 Multiple claims9362736 29/01/2016 Fire damage whilst at port8500898 01/02/2016 Fire damage9319870 02/02/2016 Allision damage7326908 17/03/2016 Fire damage and injury claims9747948 23/03/2016 Salvage operations due to running aground9208526 24/03/2016 Salvage operations9510462 29/03/2016 Collision damage9176670 29/03/2016 Collision damage at San Lorenzo, Argentina8400050 09/04/2016 Hull damage and salvage9386471 11/04/2016 Kidnap and ransom9498456 24/04/2016 Allision damage9359571 11/05/2016 Collision damage9458913 23/05/2016 Possible General Average declaration9277773 25/05/2016 Collision damage9498896 25/05/2016 Hull damage9347188 30/05/2016 Salvage
ANorwegianinsurer,insuressome15,000vesselsandispayingoutforatleastoneclaimperweek!
©2016IBMCorporation
24
Thisisavesselinsuredbytheinsurer:
©2016IBMCorporation
25
Thisisalsoinsuredbythesameinsurer:
©2016IBMCorporation
26
Theaccidentsarelargelyduetohumanbehavioursandtheirdecisionmakingprocessesbasedoftenontheirpasttrackrecordandexperience.
Notsurprisingly,mostunderwritersstillusethepastclaimshistoryasakeyfactor,i.e.,WHAT happenedinthepast iskey!
©2016IBMCorporation
27
Thetechnologyhasevolvedtogobeyondthetraditionalclaimshistorybasedunderwriting.
Itisnowpossibletoevenchangethebehaviours ofkeystakeholders.
That’satruegamechanger!Trulydisruptive!!
Ademoofthepossible…http://ibm-shipping-insights.mybluemix.net/
©2016IBMCorporation
28
UsingCognitive technologies,itshouldbepossibletounderstandtheWHYandtherebypossiblyaddressandevenchangethebehaviours of:
1. TheCaptain;2. TheCrew;3. TheOwners;4. ThePortAuthorities;5. Theassociatedentities,suchasShipBuilders,Repairers,etal;6. TheClaimsHistory;7. Theinterconnectionsbetweenclaims,historiesandevenowners,crews,
captains;8. Andmore!
©2016IBMCorporation
29
What’sonoffer:
Analyticsisstillneeded:
Wecouldmapall15,000insuredvesselsontotheworldmapandweneedthefollowing:
Insured fleet
Name
IMOMMSI
©2016IBMCorporation
30
CognitiveandAnalytics:Gobeyondthestandardunderwritingprinciples…gettoknowtheowners,crew,theportauthoritiesandeventheclients ofeachvessel.
Vessel details
••Claims history••Background
BehavioursMonitoringReal-time guidance
Premium
Cognitive data
©2016IBMCorporation
31
Inthecognitiveworld,theshipownerand/orthecaptainorcrewwouldbeextracautious!
©2016IBMCorporation
32
Wealsoneedthefollowingthatareusedforstandardunderwriting…
Claims data
Known risks
Vessel data
Forhistoricclaimsdata,itwouldbeidealtohavethevessel’sroutedataalongwiththeexactGPSlocationoftheaccidentand/orhulldamage.
IBMwillhelpGARDcreateamarketdisrupter:anewPremiumchargingconcept–
PayAsYouSail[PAYS]
3333
Asuccessfulsolutionrelieson…
©2016IBMCorporation
34
Summaries of data collected from all sources. Sortable by key features such as cognitively identified fraud or lack thereof.
Stay on task and aligned with your colleagues with social channel integration
Recommendations and alerts
User can ask Watson for answers from the data or ask it to filter the view below or perform simple tasks.
Understand where in the world the claims happened.
We will work with you to design the application to identify exposures
Identify and explore the relationships between various types of entities
Analytics in context
Views for customers, claims, risk models and policies all in one place.
Engage our Design Thinking
©2016IBMCorporation
35
Bring Watson’s APIs cognitive technology to your organisation
Services are licensed separately. Some services may be in beta.
Message Resonance Concept Expansion Face Detection Natural Language Classifier Speech to Text Text to Speech Language Translation Language Detection Sentiment Analysis Dialog Retrieve and Rank Image Link Extraction Tradeoff Analytics Entity Extraction
Tone Analyzer Personality Insights Taxonomy Author Extraction Concept Tagging Concept InsightsRelationship Extraction Question & Answer Feed Detection Keyword Extraction Visual Recognition Image Tagging Text Extraction
Watson’s APIs are cognitive building blocks that can harness data in Watson Explorer
Retrieve and Rank
Natural Language Classifier
Tone Analyzer
3636
Questions?