prediction Archives | Be Korea-savvy

New Tech Enables Grid-based Flood Risk Prediction Without Monitoring Stations

SEOUL, July 28 (Korea Bizwire) — New technology has been developed that enables the prediction of inundation or flood risks on a grid basis without the need to install water level or rainfall monitoring stations. The technology, created by the Korea Institute of Construction Technology, calculates the flooding volume by inputting historical rainfall data from [...]

Insurance Company Operates Turns to AI for Fraud Prediction System

SEOUL, May 27 (Korea Bizwire) — Kyobo Life Insurance Co., one of South Korea’s leading life insurers, said Tuesday that it has started developing and operating its own insurance fraud prediction system that incorporates artificial intelligence (AI) machine learning technology. K-FDS (Kyobo Fraud Detection System) is a system that enables AI to learn insurance fraud [...]