SANTE FE, N.M., July 18, 2017 /PRNewswire/ -- Kyield announced today the HumCat system for prevention of human-caused catastrophes (hum cats). HumCat is powered by the Kyield OS, which is a distributed artificial intelligence system that empowers individuals and organizations by enhancing performance. The Kyield OS runs transparently on a continuous basis during the normal course of workflow. View a brief video and article on HumCat at http://www.kyield.com/technology/humcat.html.
"While probabilities vary depending on individual risk profiles, decades of extensive research provides confidence that the majority of hum cats can now be prevented with certified installations," said Mark Montgomery, Founder and CEO of Kyield. "We've taken great care to safeguard data privacy and empower knowledge workers while providing essential networked intelligence necessary for prevention."
Total costs of hum cats now exceed natural catastrophes by more than a factor of 10. Public sector hum cats represent the majority of losses in lives and treasure. Examples of public hum cats include failures to heed warnings by experts prior to 9/11, the global financial crisis, and the Fukushima Daiichi nuclear disaster. Corporate hum cats can also be large, causing damages in the tens of billions USD. Examples of corporate hum cats include Deepwater Horizon, Fukushima nuclear plant, VW emissions and Takata air bags. Routine events such as cyber can trigger chain reactions that cause existential corporate or systemic risk.
Key benefits of the HumCat product line
- HumCat can be bundled with insurance and/or cat bonds for limited upfront guarantees
- Data is retained by customers beyond predetermined meta data for underwriters and regulators
- Strict certification and monitoring ensures compliance and confirms risk profiles
- Reduced risk can lead to higher ratings and significantly lower finance and insurance costs
- Cost-plus performance model offers sharply discounted bonus for captured preventions
- Captured preventions are confirmed and valued by independent actuaries
The theorem underpinning Kyield, 'yield management of knowledge', was conceived two decades ago this year. The patented AI system invention is fully adaptive and tailored to each entity with a simple to use interface. The Kyield OS can filter data at scale far beyond the ability of humans alone while improving performance for each individual, team and organization. Additional prevention products powered by the Kyield OS include personalized healthcare and cyber security. HumCat is a 2017 Innovation New Mexico honoree.