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“Human in the Loop” is a term used to describe efforts to de-risk AI’s use by inserting human oversight into an AI process at certain junctures. However, AI in the Loop offers an alternative approach that enables AI to augment human decision-making whilst retaining the critical qualities of human empathy and contextual understanding...
Blogs
Defence
The condition of many of our built assets is approaching a crisis point as they age. Reversing this trend starts with a comprehensive understanding of the condition of our infrastructure, which in the UK includes 73,208 bridges, 245,700 miles of road, and vast numbers of other structures...
Infrastructure
Optimisation
Today, women are significantly underrepresented in Defence & National Security. This piece shares insights from some of the women at Mind Foundry about the challenges they've faced, their advice to others, and why correcting this imbalance can help us drive success...
Careers
Instead of inserting humans into machine workflows, insert machines into human ones... The term “Human-in-the-loop” is used as an effective countermeasure to the concerns surrounding the unfettered use of AI. However, as AI becomes more integral to high-stakes applications, it’s important that we understand what its limitations are, and why it may be time to consider a new approach...
Managing civil infrastructure is a challenge that requires innovative new approaches and solutions to keep up with demands on time and resources. With computer vision, we can harness the power of AI to revolutionise how our built assets are inspected...
Mind Foundry recently held a series of workshops at the Insurance Post AI Summit to better understand how AI is being utilised by insurers, the challenges being faced, and how we can work together through them. This report includes the insights from these workshops from nearly 40 insurance leaders representing some of the top UK insurers...
eBooks
Insurance
Pricing
Fraud
Global civil infrastructure is reaching a crisis point as it ages. Mind Foundry, Aioi Nissay Dowa Insurance, and the Aioi R&D Lab - Oxford are working together to build a solution that solves this problem with Human - AI collaboration...
In high-stakes applications, AI often struggles to maintain its performance levels. With certain techniques and approaches, however, we can build AI systems that can continuously learn and adapt on the job...
2024 has been a significant year for AI in insurance, but regulations like the Consumer Duty are becoming clearer and more impactful. At 2024’s Insurance Post AI Summit, we conducted a series of workshops with insurance leaders to understand their strategies, successes, and challenges in building, deploying, and scaling AI within their business...
Every individual, community, and society relies on built infrastructure. But as time progresses, populations grow, and towns and cities expand, we face the challenge of an infrastructure landscape that is both ageing and deteriorating and will eventually fail if left unaddressed. As this problem becomes more urgent, civil engineers are exploring how AI can be deployed to help solve it...
Why end-user insight and operational context are the keys to understanding AI performance in the Defence & National Security sector. AI assurance aims to quantify model performance and rubber-stamp it for ongoing use, but in high-stakes like Defence, measuring true AI performance and assuring it for real-world operations is more complex than it first appears...
Fraud is a constant and ever-changing threat in the global insurance industry. In partnership with Aioi Nissay Dowa Insurance, Aioi Nissay Dowa Europe and The Aioi R&D Lab Oxford, Mind Foundry has developed powerful AI solutions to combat it...
In defence and national security, the nature of problems and the environments in which they occur make operationalising AI hugely challenging. This is especially true of the maritime domain, where threats are becoming more prolific and advanced. AI has the potential to be a game-changer, but first we must navigate obstacles in three key areas...
Complex Signal Processing
Sonar
AI can do incredible things for insurers. But unless you’re approaching it in the right way, using AI can feel a bit like taking a trust fall. It sounds safe enough on paper, but what happens if something goes wrong? In this guide, we’ll look at the biggest questions that insurers face about their use of AI, and why now is the time for them to embrace the concept of AI governance...
AI adoption has accelerated in insurance in recent years, with 77% of insurers indicating they are at some stage of adopting AI in their value chain. At the same time, AI regulations worldwide are becoming more defined, and these regulations will have a material impact on how insurers procure, manage and maintain AI across their business units...
Building a performant model in insurance is one thing. Building, deploying, maintaining, and governing hundreds of models in production is another challenge entirely. Selim Cavanagh, Mind Foundry’s Director of Insurance, was interviewed by the Insurance Post to discuss some of the challenges the insurance industry faces around adopting and scaling AI...
The potential for AI to drastically enhance the Insurance industry is extraordinary and undeniable. Indeed, McKinsey estimates AI could add up to $1.1 trillion in annual value for the global insurance industry. But just as AI's potential is beyond question, so is the fact that it poses significant risks if mistakes are made in its use...
Motion
In 2023, women comprised only 13.7% of the global engineering workforce. To commemorate International Women in Engineering Day, we are proud to share the stories of our own trailblazers of AI innovation who have been defying stereotypes, knocking down barriers, and inspiring everyone around them from the moment they joined our team...
In the insurance industry, understanding and trusting the decision-making process of predictive models is essential. Historically, insurers used simple models that were easily explainable to regulators, but in recent years, as many models have evolved to become more complex and performant, they’ve lost explainability in the process...
On July 31st 2024, the Consumer Duty will come into effect. With it comes far-reaching implications for any organisation offering a financial service or product in the UK. This includes the insurance industry, and insurers must adjust their business to accommodate these changing rules...
In the maritime domain, gaining a better understanding of increasing volumes and higher fidelity sonar data has well-known and potentially game-changing advantages. AI promises huge opportunities to help achieve this in place of traditional approaches...
AI has become essential to any insurer’s fraud detection software, helping them effectively detect, triage, and investigate these damaging fraudulent claims. But just as any tool must be used properly to do its job, AI must be adopted with effective governance...
The complexity of modern pricing models, coupled with the regulatory changes that are due to come into effect this year, means that insurers need to start implementing proper AI governance. However, scaling this governance to span a business that may deploy hundreds of models is incredibly challenging...
AI has become an essential tool in every insurer’s pricing armoury. But just as any tool must be used properly to do its job, AI must be adopted with effective governance to create value without causing unforeseen future damage...
In the last decade, we have witnessed the most significant progress in the history of machine learning. The last five years have seen AI transition from being positioned merely as a research or innovation project to a game-changing technology with myriad real-world applications...
AI is already being used to solve problems in the Defence sector. But if it's only seen as an opportunity to practice innovation, then the development of critical applications won’t progress fast enough...
Experts at AND-E have the enhanced ability to investigate the most likely cases of fraud first, as well as interrogate the data behind the Machine Learning predictions, due to the model's explainable and transparent nature...
Case Studies
One year into its mission to solve global-scale societal issues through the creation of products and services powered by AI technologies, the Aioi R&D Lab - Oxford is breaking barriers in global collaboration, driven by a commitment to the Responsible use of AI...
Generative AI has exploded into the public eye, with the conversation focusing on the opportunities and risks it presents. However, in Defence, there are specific challenges that this technology is simply not suited to solve...
Generative AI
This blog focuses on how machine learning models fail, the value of model observability, monitoring and governance, and most importantly, how we can prevent model failure...
With its unparalleled ability to turn data from raw material into a valuable resource, AI is more than an opportunity to innovate. Nevertheless, this doesn’t make it the answer to every problem that involves data. Ensuring models can be operationalised to give a timely and positive impact in the real world is critical...
Mind Foundry worked with AND-E UK to understand the patterns of fraud and embed these into an AI solution. This model was deployed using a Continuous Metalearning capability, which enabled the model’s risks to be effectively governed...
As an industry driven by data and complex algorithms, the insurance sector stands at a crossroads where transparency and explainability in pricing models are becoming more than just best practices—they're becoming imperatives...
Mind Foundry has built a unique solution to predict and prevent large losses (of over £50,000) based on Aioi Nissay Dowa Europe's (AND-E) specific requirements that could not be met by any off-the-shelf solutions...
Large Loss
There’s been a lot of talk about the development of large language models recently, with the loudest voices split between those who think it poses a significant risk to humanity and those who believe it could be the crowning achievement of all humankind...
Join us in this co-hosted webinar with Aioi Nissay Dowa Europe (AND-E) exploring how insurers are utilising the latest AI developments to transform their businesses for success in the digital age...
Webinars
Find out how Aioi Nissay Dowa Europe increased customer retention by 2%, by using the Mind Foundry Platform to understand competitors and customers...
Mind Foundry and Aioi Nissay Dowa Europe UK (AND-E UK) have been working together to drive digital transformation throughout a number of their business lines and departments...
Mind Foundry worked closely with domain experts at AND-E to develop a fully automatic solution to separate out the safest drivers from those who engaged in risky driving behaviour, off-policy behaviour...
Driving Behaviour
This article explores how current projects in the Lab are exploring two technologies that are not well-understood but can be hugely valuable in the future: Quantum Computing and Large Language Models...
Quantum Computing
AI can already solve real and complex problems in various challenging domains. But before work starts on implementation, it’s vital to establish the nature of these problems...
Fraud is one of the most pervasive threats to the insurance industry. Every insurer takes steps to try and negate this threat, but how effective are these measures, and could AI hold the key to truly effective fraud detection?
This blog is focused on how machines learn and one particular approach called meta-learning, which enables machine learning models to improve over time such that they can generalise to perform related but distinct tasks...
The integration of AI has already brought transformative opportunities across the insurance industry. As data generation has surged and competition intensified, insurers have recognised AI’s game-changing potential...
Working with experts in the Humbug project, Mind Foundry hosted the world’s first mosquito detection and classification competition, further fuelling the algorithm development...
AI is everywhere. It has rapidly become an integral part of how we organise our lives. And yet, in our discussions with customers, we often encounter a wide range of misconceptions about what AI actually is...
At the beginning of 2023, we announced the launch of the Aioi R&D Lab - Oxford. One of the projects the Lab is working on is to solve a problem affecting countries with ageing populations, like Japan and the United Kingdom...
Mind Foundry, an AI company that develops AI to solve the world’s most important problems, has launched a new research lab in Oxford, England in partnership with the global insurance brand Aioi Nissay Dowa Insurance and Aioi Nissay Dowa Europe...
News
Taking the leap from the world of academia to pursue a career within industry can be a daunting proposition. We interviewed members of the Mind Foundry, Google and Oxa teams, to understand their experience of making the leap from academia to industry...
Working with the customer using the Mind Foundry Platform, we were able to effectively encode the configuration space and constraints of the problem and define a scoring function that encapsulates all quantities of interest...
Despite advancements in AI, many insurers still need to improve the bottom line as they experience a deceleration in the release of prior-year loss reserves and watch underwriting performances deteriorate...
Why do we expect more from machines than we do from each other? We lean on machines for so much, yet when it comes to judging their performance, we seem to have a double standard...
Generative AI has been firmly at the centre of discussion since it the launch of ChatGPT in 2022. Although the insurance sector has reacted with interest, there are limitations to the technology...
Mind Foundry, together with our partners are using Machine Learning to create fast, efficient, and automated calibration routines for quantum devices...
This blog series summarises the most pressing problems in AI governance and some of the solutions that Mind Foundry are developing to solve them...
AI is the fastest growing technology in the world, and it is already impacting how public services are delivered, defining the efficiency, resiliency, and seamless user experience of the future. To gain an insight into the thoughts, we surveyed 300+ organisations across the public sector with truly fascinating results...
In February 2023, we announced the launch of the Aioi R&D Lab - Oxford, a joint venture between Mind Foundry and our partners Aioi Nissay Dowa Insurance and Aioi Nissay Dowa Europe...
The past few months have shown us how quickly deep tech innovation, and especially advances in AI, can be developed and adopted at great scale. New AI tools have emerged at breakneck speed, opening up a range of opportunities to positively impact problem-solving, decision-making, and efficiency...
The International Day of Women and Girls in Science, supported by the UN, is a fantastic opportunity to acknowledge the inspirational contributions of women across the globe in science and technology...
As AI capabilities advance, it will inevitably be applied to wider problem sets with more immediate and wide-ranging real-world impacts, bringing with it higher problem complexity and increased risk...
Setting clearly defined goals with simple metrics to measure success is one of the most effective ways to set yourself on the path to change. Hear the stories of 3 members of our team and how they used our SMART Goals framework to take on inspiring challenges outside of work...
Many organisations are only just beginning to use AI; although growing, the number of organisations that rely on it as a core part of their operations is still relatively small, but those that do are drastically outperforming their peers. So, what does the future of AI hold in public sector organisations?
Watch our webinar to explore the innovative plans for AI in the future of public services. It follows our research study, which collates the responses of more than 300 public sector organisations on how AI is being embraced...
Mind Foundry has had the privilege to enter into a collaboration with Riverlane, SeeQC, OxIonics, the National Physical Laboratory, the University of Edinburgh, and the University of Oxford...
Mind Foundry co-Hosts HumBug 2022, as part of the ComparE challenge, bringing together the greatest minds to help solve one of the world’s most important problems. The goal of the project is to use low-cost smartphones to detect the characteristic acoustic signatures of mosquitos...
Mind Foundry are thrilled to have been included in the ‘Ethical AI startup landscape’ research, mapped by researchers at the EAIGG (Ethical AI Governance Group), who have vetted nearly 150 companies working in Ethical AI across the globe...
With new technology inevitably comes new obstacles and complications and as EV numbers continue to soar, the provision of charging points to keep up with demand across the country is essential...
Green AI
Quantum computing devices offer an entirely new way to perform computations. If we can make them work at a large enough scale, they could herald new ages in drug discovery or materials design, and they will crack our most secure encryption methods. But what makes these devices so powerful?
We’re delighted to announce that we won a prestigious CogX award in the “Best Innovation in Explainable AI” category, recognising innovators and change-makers...
Since the Government’s plans will have a significant impact on every aspect of data in the UK, from how data is created, to how data is stored and then used, we put together this blog to help familiarise you with the UK Data Strategy...
It’s no longer enough to measure model accuracy. Ethics, explainability, and wider performance are key KPIs that must be considered as equally crucial priorities...
The stakes are at their highest when AI is in charge of decisions that will impact people’s lives — even entire populations. Mind Foundry is helping governments and organisations harness the power of AI systems when the impact is greatest...
Learn how we developed an intelligent sampling solution that was able to reduce streams of continuous data, sampled at arbitrary frequencies, by an order of magnitude appropriate to the complexity of the underlying signal in the data...
August 20th is World Mosquito Day. A day to raise awareness about the diseases carried by mosquitoes and highlight the scientific innovations that are emerging to help us reduce the suffering caused by the world’s second most deadly animal...
We would be surprised to find anyone who works in the tech sector, especially if they’re working with data, who hasn’t seen a significant emphasis on ethical applications of AI. But how do we build AI to the benefit of humankind...
It appears easy to stay ahead of the curve and reap the financial benefits you need to adopt AI. Yet, according to MITSloan 2020 AI Global Executive Study only 10% of companies are obtaining significant financial benefits from AI technologies. So, why is that the case?
Decisions made by governments and public sector organisations affect the lives of millions every day. If considerations for ethics and responsibility are not made during the processes for designing, building, and implementing a solution with AI, unintended and unanticipated far-reaching consequences can be felt...
Mind Foundry announces it has raised an additional $13.6 million in Series A funding led by Aioi Nissay Dowa Insurance Co, and includes funding from existing investors Parkwalk Advisors, Oxford Sciences Innovation, the University of Oxford, and the Oxford Technology and Innovations EIS Fund...
Mind Foundry worked alongside Oxfordshire County Council, Energy Systems Catapult and others, combining Geospatial AI with variety of different data sources to intelligently model and predict the changing requirements for Electric Vehicle charging infrastructure...
AI has the potential to help us tackle the problems associated with climate change and the warming of our Earth. The closer we get to the precipice, the greater the urgency. Amidst all this enthusiasm, the one thing often being left out of the conversation is the carbon cost of these compute-intensive solutions...
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