Time - USA (2022-01-31)

(Antfer) #1

Societies face some of their most critical tests during
nnatural disasters. Watural disasters. When calamhen calamities strike, people ask what, ities strike, people ask what,
if anything, could have been done beforehand? In this era if anything, could have been done beforehand? In this era
ofof clim climate change, the question has a new urgency: natural ate change, the question has a new urgency: natural
disasters are occurring with greater frequency and deadlier disasters are occurring with greater frequency and deadlier
foforce. How can societies cope? Preparation is crucial.rce. How can societies cope? Preparation is crucial.
To imTo improve regional disaster preparedness, SOMPO has prove regional disaster preparedness, SOMPO has
foformrmed a strategic partnership with One Concern, a Silicon ed a strategic partnership with One Concern, a Silicon
Valley startup engaged in AI-enabled resilience solutions Valley startup engaged in AI-enabled resilience solutions
aand disaster-risk mnd disaster-risk mitigation technologies. itigation technologies.


ToTogether, they have developed a new AI-driven systemgether, they have developed a new AI-driven system
comcombining One Concern’s seismbining One Concern’s seismic and flood technology ic and flood technology
wwith SOMPO’s Knowledge. The systemith SOMPO’s Knowledge. The system enables em enables emergency ergency
mmanagemanagement oent ocials to identify the businesses and cials to identify the businesses and
cocommmmunities exposed to extremunities exposed to extreme flooding and powerful e flooding and powerful
earthquakes. The advanced mearthquakes. The advanced modeling it produces can reveal odeling it produces can reveal
tthe potential imhe potential impacts on a local compacts on a local commmunity and support unity and support
the creation of contingency plans and disaster response. the creation of contingency plans and disaster response.
IIt has been tested in Kumt has been tested in Kumamamoto City since 2019, and the oto City since 2019, and the
partnership is aimpartnership is aiming to expand the project to ming to expand the project to more cities ore cities
iin Japan and will on Japan and will oer it as a resilience solution to Japan’s er it as a resilience solution to Japan’s
private sector.private sector.


“Better incorporating clim“Better incorporating climate analytics will create a mate analytics will create a more ore
aaccurate picture of how the world will look in the future, ccurate picture of how the world will look in the future,
ensuring we can respond mensuring we can respond more quickly and recover more quickly and recover more ore
eeeectively if somctively if something terrible does happen,” said Ahmething terrible does happen,” said Ahmad ad
Wani, CEO and co-founder of One Concern. “One Concern Wani, CEO and co-founder of One Concern. “One Concern
aand SOMPO are paving the way for Japan and the entire nd SOMPO are paving the way for Japan and the entire
world to see that resilience is an urgent ‘mworld to see that resilience is an urgent ‘must have’ —ust have’ — now now
mmore than ever.”ore than ever.”


TThe mhe market for this groundbreaking technology extends well arket for this groundbreaking technology extends well
beyond Japan. Nations in Asia and the Pacific Rimbeyond Japan. Nations in Asia and the Pacific Rim, bounded , bounded
byby the “Ring of Fire,” experience m the “Ring of Fire,” experience more natural disasters ore natural disasters
than any other region. However, with the climthan any other region. However, with the climate becomate becoming ing
iincreasingly unstable, every region is now at greater risk. ncreasingly unstable, every region is now at greater risk.
AI-enabled software with the ability to forecast the imAI-enabled software with the ability to forecast the impact pact
ofof a disaster would be an invaluable tool. a disaster would be an invaluable tool.


SOMPO and One Concern are working together to develop SOMPO and One Concern are working together to develop
aand apply new mnd apply new methods of probabilistic methods of probabilistic modeling to odeling to
prevent catastrophic failures before they occur, not just prevent catastrophic failures before they occur, not just
cocommpensating for dampensating for damage afterwards. The fruits of their age afterwards. The fruits of their
collaboration are expected to provide new value for clients collaboration are expected to provide new value for clients
wwhile also contributing to the broader social need for hile also contributing to the broader social need for
disaster mdisaster mitigation solutions. itigation solutions.

The partners believe their work is advancing to a point The partners believe their work is advancing to a point
wwhere they will be able to detect unknown risks fromhere they will be able to detect unknown risks from
climclimate change and natural disasters, allowing customate change and natural disasters, allowing customers ers
aa chance to m chance to mitigate or avoid those risks. That would be a itigate or avoid those risks. That would be a
transformtransformational technological developmational technological development.ent.

Japan is already in the mJapan is already in the midst of a transformidst of a transformation: it is an ation: it is an
aaging society. SOMPO’s Real Data Platformging society. SOMPO’s Real Data Platform is proving to is proving to
be an essential combe an essential component in addressing the challenges ponent in addressing the challenges
pposed by a population with growing numosed by a population with growing numbers of the elderly. bers of the elderly.
In late 2015, SOMPO entered the nursing and preventive In late 2015, SOMPO entered the nursing and preventive
hhealthcare sector, founding SOMPO Care, acquiring nursing ealthcare sector, founding SOMPO Care, acquiring nursing
homhomes and delivering at-homes and delivering at-home service for the diverse needs e service for the diverse needs
ofof seniors and their fam seniors and their families.ilies.

SSince its establishmince its establishment, SOMPO Care has collected real ent, SOMPO Care has collected real
data on the health of over 80,000 residents in its centers and data on the health of over 80,000 residents in its centers and
fafacilities. This data is secure within the Real Data Platformcilities. This data is secure within the Real Data Platform..
However, mHowever, medical informedical information is volumation is voluminous, cominous, complex plex
aand disparate. It is often stored in dind disparate. It is often stored in di erent locations or erent locations or
systemsystems: silos that can obscure a coms: silos that can obscure a comprehensive picture of prehensive picture of
papatient health and levels and quality of care. This leads to tient health and levels and quality of care. This leads to
ineineciencies that can negatively aciencies that can negatively aect patients and drive ect patients and drive
uup costs. p costs.

BBut in 2018, Sakurada found a firmut in 2018, Sakurada found a firm that could help SOMPO that could help SOMPO
to solve those problemto solve those problems. He discovered Palantir, a leading s. He discovered Palantir, a leading

CONTENT FROM SOMPO HOLDINGS

SOMPO can deliver societal transformation
through real data analysis and insights.
Kengo Sakurada, Group CEO of SOMPO Holdings
Free download pdf