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Paolo Cuomo

Director of Operations at Brit Insurance

London, United Kingdom

10158 Followers

Quantum computing, insurance, insurtech, sustainability

Available For: Advising, Authoring, Influencing, Speaking
Travels From: London
Speaking Topics: Business Impact of Quantum Computing, The growth and evolution of Insurtech, Digital transformation in Insurance

Speaking Fee $950

Paolo Cuomo Points
Academic 0
Author 108
Influencer 91
Speaker 61
Entrepreneur 65
Total 325

Points based upon Thinkers360 patent-pending algorithm.

Thought Leader Profile

Portfolio Mix

Company Information

Company Type: Company
Last Media Training: 10/31/2020

Areas of Expertise

Business Strategy 30.44
Change Management 30.54
Climate Change 43.02
Digital Disruption 32.29
Digital Transformation 30.46
Emerging Technology 33.18
Future of Work
Innovation 35.03
InsurTech 60.73
Leadership 30.09
Quantum Computing 55.85
Renewable Energy 41.26
RPA
Sustainability 35.15
Fintech 30.40
Cybersecurity 30.08
Risk Management 30.15

Industry Experience

Insurance

Publications

1 Advisory Board Membership
ClimateWise
ClimateWise
April 02, 2021
Committee member for ClimateWise Board

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Tags: Climate Change, Renewable Energy, Sustainability

22 Article/Blogs
Harvest Today, Decrypt Tomorrow - do quantum computers bring risk even before they've actually been built?
LinkedIn
February 06, 2022
Author’s Note. This post is short. The topic is incredibly important and nuanced and worthy of a much longer article. At this point though I’m keeping this short and snappy to ensure maximum attention.

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Tags: Sustainability, Quantum Computing

Insurance ESG newsletter
Insurance ESG
October 02, 2021
Weekly(ish) newsletter about sustainability in insurance

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Tags: Sustainability, Climate Change, Renewable Energy

Navigating Uncharted Waters: Doing Business in an Uncertain World
Import from medium.com
May 08, 2021
Key points from a recent presentation to The Camelot NetworkContinue reading on InsurTech? Now! »

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Tags: Digital Disruption, Digital Transformation, Innovation

Five Thoughts on Digital Insurance
Import from medium.com
May 08, 2021
My replies to Insly for their “5Qs with insurtech influencers” seriesContinue reading on InsurTech? Now! »

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Tags: Digital Disruption, Digital Transformation, Innovation

Forget $100 per Article; Sell your Insight for $400 an Hour
Import from medium.com
May 07, 2021
How experienced freelancers can earn with expert networksContinue reading on Realistic Life Management (RLM) »

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Tags: Digital Transformation, Digital Disruption, Innovation

Take a Hike! Here’s Why.
Import from medium.com
May 07, 2021
The unexpected impact of 3 hours of walking meetings each dayContinue reading on Realistic Life Management (RLM) »

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Tags: Digital Disruption, Digital Transformation, Innovation

Satellites’ Carbon Footprint? Smaller than You Might Think
Import from medium.com
April 29, 2021
The environmental cost of launching can be quickly offset by the insight they bringContinue reading on Predict »

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Tags: Digital Transformation, Digital Disruption, Innovation

The Outlook Rule That’s Saved My Skin…
Import from medium.com
April 28, 2021
…multiple times.Continue reading on ILLUMINATION »

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Tags: Digital Transformation, Digital Disruption, Innovation

Is Now the Time for a Work-From-Home Reset?
Import from medium.com
April 20, 2021
Some considerations about your remote-working environmentContinue reading on The Ascent »

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Tags: Digital Disruption, Digital Transformation, Innovation

What are insurance experts predicting?
Cytora
January 13, 2021
Contributor

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Tags: Innovation, InsurTech

London Quantum Computing MeetUp — A Perspective
Import from medium.com
January 07, 2021
Some history and future opportunities for one of MeetUp’s most impressive Quantum Computing groupsContinue reading on Quantum London »

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Tags: Sustainability, Quantum Computing

Link to Quantum Attack v Quantum Defense
Import from medium.com
January 07, 2021
Article published in Data Driven InvestorContinue reading on Quantum London »

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Tags: Sustainability, Quantum Computing

Quantum Attack v Quantum Defense
Medium
December 28, 2020
Helping understanding the various uses of "quantum technology" in cyber attacks and defending against them. Including quantum computing and QKD.

(Image from Markus Spiske on Unsplash)

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Tags: Quantum Computing

InsTech London — podcast 1
Import from medium.com
December 27, 2020
Insurtech memories: Paolo Cuomo spoke with Nick Martin in October 2016Continue reading on InsurTech? Now! »

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Tags: InsurTech, Quantum Computing, Sustainability

Tech talk in 2021
Import from medium.com
December 27, 2020
Brief thoughts on what I’ll cover if we don’t get another ‘grey rhino’ event like CovidContinue reading on Quantum London »

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Tags: Sustainability, Quantum Computing

Paolo Cuomo talks tech
Import from medium.com
December 19, 2020
Some words on what I plan to share via this profileContinue reading on Quantum London »

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Tags: Sustainability, Quantum Computing

The future of... in five short books
LinkedIn
December 05, 2020
It's always a delighted to see new business models in action . As such I'm really pleased to have received my set of "The Future of..." of books from Unbound, the world's first #crowdfunding publisher.

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Tags: Fintech, Quantum Computing, InsurTech

A brief quantum computing primer
Quantum London
November 26, 2020
In our 25 November webinar we were joined by Simon McAdams and Matthias Rosenkranz of Cambridge Quantum Computing. Matthias spoke in detail about the application of quantum computing in finance and insurance. (A link to this write-up will be added over the coming days.)
Simon preceded this with an invaluable overview. I have summarised the key points here. Any lack of clarity is mine, not his.

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Tags: Quantum Computing

Building a Quantum Computing Ecosystem
Quantum London
October 28, 2020
Quantum Stammtisch #5 — Key take-aways

Write-up of events on this topic run by Quantum London

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Tags: Quantum Computing

Quantum London Medium page
Medium
September 01, 2020
This page, and all the subsidiary pages, cover the topic of "Business Impact of Quantum Computing (and other Quantum technologies)".

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Tags: Digital Transformation, Quantum Computing

InsTech and the innovation boom
The Actuary Magazine
December 09, 2016
Overview for actuaries of the insurtech innovation wave, and what more data-driven decision making might mean for actuaries

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Tags: InsurTech

#InsurTech — thinking broader, being bolder
Concirrus
November 19, 2016
Concirrus Blog

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Tags: InsurTech

1 Board Membership
Nu Ventures
Infinity is not a number
September 08, 2021
Board member

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Tags: Digital Disruption, Innovation, InsurTech

1 Book
Quantum Computing: Why you should care (in less than 30 minutes) - Kindle Edition
Amazon Kindle
July 25, 2021
Quantum Computing is arriving but how much should you care?

This short primer will help you decide, in less than 30 minutes.

The impact of QC will be as great as that of the original desktop computers, as the internet, and as smartphones. But when should you as a business executive or middle-manager or board member invest time.

This brief guide takes a business view, avoiding jargon and long appendices, and helps you think about your route to quantum readiness.

Imagine you had a two-year head start on your competitors when it came to e-commerce or social media. By starting to think about quantum computing now you'll give yourself that advantage with this truly paradigm-shifting technology.

And no, it's not just another buzzword to add to AI, augmented reality, virtual reality, blockchain, or machine learning. Quantum Computing is a technology that will impact anyone who is doing data-driven decision-making. Whether you're designing new vaccines, planning transportation routes, optimizing factories, or improving supply chains, you will one day soon be using a quantum computer. So you might as well start learning about it now.

Don't worry - this short read isn't about teaching you how qubits, entanglement or superposition work. It's about helping you think about how this new technology will improve your business: reducing costs, improving profits, and keeping you ahead of the competition. Or, and it could make a different when it comes to climate change too!

Quantum Computing isn't here yet. Quantum Supremacy won't be here for a while. In fact we hardly even have examples of Quantum Advantage. But NOW is the time that every executive should think about quantum readiness.

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Tags: Emerging Technology, Innovation, Quantum Computing

1 Book Chapter
The InsurTech Book
Wiley
May 09, 2018
A view of the early years of insurtech. My chapter laid out the evolution of the market, in particular in London.

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Tags: InsurTech

5 Groups
London Market ESG discussion group founder
LinkedIn
July 16, 2021
For discussion on ESG topics within the London Market

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Tags: Climate Change, Renewable Energy, Sustainability

Quantum London Coding Community
Quantum London
December 21, 2020
Kicking off a community of Quantum London members who want to learn to code quantum computers

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Tags: Quantum Computing

Quantum London LinkedIn Page
LinkedIn
January 01, 2020
LinkedIn page covering the activities of Quantum London

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Tags: Quantum Computing

Quantum London YouTube channel
YouTube
January 01, 2020
Quantum London YouTube channel

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Tags: Quantum Computing

InsTech London
LinkedIn
January 01, 2016
Co-founder of InsTech London

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Tags: InsurTech

2 Infographics
Quantum Computing hardware — who’s building what
Quantum London
November 26, 2020

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Tags: Quantum Computing

Quantum Computing? Why should I care?
Quantum London
September 01, 2020

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Tags: Quantum Computing

4 Keynotes
Navigating Uncharted Waters: Doing Business in an Uncertain World
The Camelot Network
May 05, 2021
Presentation to The Camelot Roundtable (an insurance association)

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Tags: Business Strategy, Digital Disruption, InsurTech

Are You Putting Digital Lipstick on Your Legacy Pig?
The Insurance Network
April 27, 2021
Talk to a small gathering of The Insurance Network on digital disruption

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Tags: Digital Transformation, Innovation, InsurTech

Implementation case studies: War stories outlining lessons learnt from digital transformation projects
The Insurance Network
February 10, 2021
Perspectives, and mini case studies, on delivering technology driven change.

Explain the rationale and drivers behind the project & outline the business case
Share insights into the implementation process
Indicate results / outcomes to date – both good and bad
With hindsight discuss what they would have done differently

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Tags: Change Management, Digital Transformation, InsurTech

InsurTech: Insurance’s revolution or flash in the pan?
Cass Business School
October 12, 2020
Talk to Masters and MBA students at Cass Business School

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Tags: InsurTech

3 Media Interviews
Matthew Grant, Robin Merttens and Paolo Cuomo: The Partners' Centenary Chat (100)
InsTech London
August 30, 2020
InsTech London podcast

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Tags: InsurTech

6 Questions with InsurTech Influencer Paolo Cuomo
Insly
March 17, 2017
InsurTech is a hot topic among the wider insurance community these days and with a great many fresh ideas circulating the space in social media we think it’s only decent that these ideas get shared.

As with every subject, InsurTech has cultivated its own thought leaders and we are publishing series of short interviews called “6 Questions with InsurTech Influencer“.

If you’ve been keenly watching the InsurTech space it’s likely that you know these people already, but if not keep watching this space and make sure to follow our interviewees on their Social Media accounts.

Without further ado, it is our great pleasure to continue this series of Q-s & A-s with Paolo Cuomo – co-founder of InsurTech London and thought leader within the global InsurTech community.

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Tags: InsurTech

Paolo Cuomo, Head of Programme and Project Management at Beazley
YouTube
August 01, 2013
Anapurna Business Transformation Network video interview

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Tags: Change Management, Digital Transformation, Leadership

3 Miscellaneouss
IIL CII with Bruce C-B - chaired session
Insurance Institute of London
October 28, 2021

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Tags: Digital Transformation, Innovation, InsurTech

Webinar chair
Quantum London
November 25, 2020
Chaired webinar session for Quantum London

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Tags: Quantum Computing

Technology-Driven Change and Next-gen Insurance Value Chains
Intelligent Insurer
October 14, 2019
Session chair with Loughborough University

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Tags: InsurTech

1 Miscellaneous
Innovation in insurace
LBS
June 18, 2021
in-person presidential to LBS eMBA course

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Tags: Digital Transformation, Innovation, InsurTech

1 Miscellaneous
Insurance ESG breakfast
Insurance ESG
October 28, 2021
First in-person meeting

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Tags: Sustainability, Climate Change, Renewable Energy

6 Panels
Camelot and TINtech Sustainability Session
The Camelot Network
February 10, 2022
Camelot and TINtech Sustainability Session

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Tags: Climate Change, Renewable Energy, Sustainability

IQT - Quantum for Quants
IQT
November 05, 2021
Panel chair for panel around quantum computing in financial services

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Tags: Digital Disruption, Innovation, Quantum Computing

Market Force - Bionic Underwriting
Market Force
October 20, 2021

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Tags: Digital Transformation, Innovation, InsurTech

London Market Forum - digital change
London Market Forum
October 14, 2021

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Tags: Digital Transformation, Innovation, InsurTech

Underwriting Transformation: Leverage AI to Win Better Risks and Build Stronger Relationships
Intelligent Insurer
May 28, 2020
Cytora webinar with Intelligent Insurer

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Tags: InsurTech

The Corporate Innovators- Implementing Digital Change
C5 Communications
February 22, 2017
Insurance Industry Tomorrow February 22 – 23, 2017
Panel: The Corporate Innovators- Implementing Digital Change
How large insurance companies are responding to the digital revolution and strategizing to meet new market needs
How are insurers implementing digital change?
What are the top considerations when creating a digital strategy?

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Tags: InsurTech

2 Podcasts
Yam of Tekna Search in Quantum London Podcast #2
Quantum London
July 29, 2020
Podcast interview about recruitment in quantum computing industry

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Tags: Quantum Computing

InsTech London Podcast 29. The Partners' chat. The latest Lloyd's strategy paper, Insider Tech event
InsTech London
May 27, 2019
InsTech London Podcast 29. The Partners' chat. The latest Lloyd's strategy paper, Insider Tech event

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Tags: InsurTech

1 Steering Committee Membership
The InsurTech Board
HM Treasury
January 01, 2020
Part of HM Treasury's FinTech Delivery Panel

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Tags: InsurTech

4 Webinars
Quantum in Finance #4
Quantum London
November 18, 2021
Convenor, wrapping up this Quantum London webinar

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Tags: Innovation, Fintech, Quantum Computing

Patent protection for quantum technologies - insights from Venner Shipley - Moderator
Quantum London
January 12, 2021
Moderator

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Tags: Quantum Computing

Quantum London Stammtisch
Quantum London
December 21, 2020
Stammtisch discussion #7 on quantum computing

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Tags: Quantum Computing

InsTech London predictions
InsTech London
December 15, 2020
Shared a prediction with the InsTech London audience

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Tags: InsurTech

1 Webinar
Managing Quantum RiIsk & Opportunity
Quantum London
December 16, 2020
Co-chaired with webinar where Prof Michele Mosca spoke

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Tags: Quantum Computing

1 Whitepaper
London Matters 2017
The London Market Group
May 09, 2017
London Matters 2017: The competitive position of the London Insurance Market. An update of the fact base around London’s position in the global insurance industry between 2013 and 2015.

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Tags: InsurTech

1 Workshop
Fancy learning how to programme a quantum computer? (Planning session)
Quantum London
November 30, 2020
Lead conversation on how to create a global self-supporting group for earning to code quantum computers

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Tags: Quantum Computing

Blog

2 Article/Blogs
Harvest Today, Decrypt Tomorrow
Thinkers360
November 20, 2021

Author’s Note. This post is short. The topic is incredibly important and nuanced and worthy of a much longer article. At this point though I’m keeping this short and snappy to ensure maximum attention.

  • Quantum computers have the capability to “crack” much of today’s encryption as the way they compute makes easy work of the factorization of large numbers challenge that most of our data storage and communication technology uses as the basis of encryption
  • Quantum computers able to do this are not currently available
  • The development of quantum computing is at a point where it is clearly a “when” not an “if” that such machines will be available
  • The “when” is getting ever closer and many people would not bet against availability within the decade
  • The proven usage model of Quantum Computing as a Service (QCaaS) via the Cloud means no-one — including those with nefarious intent —needs to own a quantum computer in order to make use of its capabilities

One might think that with a decade’s warning there’s plenty of time to act. Well, a couple of questions?

  • Are all the right people starting to act to make the most of that decade of lead time?
  • If everyone were aware, how long does it actually take to replace encryption protocols built into hugely complex IT and communications systems?

Even if the answer to these is ‘not currently’ then one might think with a bit of a push momentum could increase.

That however is thinking only about the future risk. Not the present risk.

Most of the petabytes of data we produce every day is of little value to anyone beyond the creator and his/her intended audience. However, as we well know there is data that can have value to third parties when stolen.

This takes multiple forms: fraud linked to theft of social security or credit card details of individuals; corporate or personal ‘blackmail’ from confidential information; corporate secrets around product design, manufacturing processes; and so many more

Most data has an “expiry date” — the point at which it ceases to have value. The expiry date on any piece of data may vary for different ‘users’ of the data.

Take a credit card number. Once the card is expired it has no obvious use to a criminal as it’s hard to make a purchase with an expired card. For the original owner, they may see value in that number at a later date if for example, they want to claim a refund on a product bought with the card.

Similarly, a young professional may at some point see no further value in photos from hedonistic college parties, while someone trying to discredit the individual in the future may find it worth holding onto those photos for a longer period.

Typically though data, becomes less valuable over time. If that time is a few years then this topic is not relevant. If the data still has value in a decade or two, then someone having access in the future is a genuine (business) problem.

If you think about it, there is plenty of data that will still have value in a decade or more — medical data, banking data, military plans, government decisions, the recipe for Coke…

Data hacks are regularly in the news. In fact it has become so common that they rarely make headlines unless there is some kind of spin — e.g., a huge number of impacted people or particularly juicy data

Those are the ones we hear about. What about those we don’t?

Given most data is encrypted both at rest and in transit stealing it in a usable form requires either a degree of luck (searching for something that accidentally hasn’t been encrypted or where the decryption key is accessible) or careful planning (by inserting yourself at a point where the data is ‘in use’ and (appropriately) not encrypted).

As such many cyber weaknesses are not a major problem as the risk and cost — to the data owner, the responsible organization, the insurer etc — of loss of well-encrypted data is far less than unencrypted data (though reputational damage may still be significant )

Enter quantum computing and HTDT.

If we think back to our opening statements, we know that we are getting close to when people will have access to quantum computers that can decrypt many of the common encryption protocols.

Thus, what if fully-encrypted data was stolen and held onto? As long as the data expiry period is longer than the period before decryption is possible there is value to the thief and damage to the original owner.

Furthermore, when a hack becomes public, changes are made to stop the problem. If data is being stolen and no noise made about it, how long might the security hole remain open allowing a continual siphoning off of that data?

This concept of harvesting data today, and then decrypting in the future is what makes this top one of real urgency. Urgent for information security teams to think about; and urgent for cyber underwriters to consider.

This topic needs broader discussion, and while it may not appear as pressing as post-pandemic recovery, and rebooting the drive around sustainability, it is deserving of a place in your “key topics for 2021” discussion list.

Screen Grab from Michele Mosca presentation to Quantum London (at 28:46 on recording)

Image from presentation by Prof Michele Mosca to Quantum London (see video here) showing why we need to start thinking now0

The millennium bug

Some commentators draw parallels to the so-called Millennium Bug. As you may recall, this was the fear that as the two-digital year counters in older IT systems moved from 99 to 00 at midnight on 31 December 1999, computers would get confused with unpredictable and potentially devastating results.

As it turned out we all awoke on the morning of 1/1/2000 and the world was still there. Many decried the vast amounts of money spent on the problem; others pointed out that it was fine as a result of that spend!

The lack of just about any major failure back at the turn of the millennium will likely hamper communication on this risk with plenty of executives suggesting it is fear-mongering on the part of risk managers or CISOs who are looking for additional budget.

Time will tell how things play out.

See blog

Tags: Cybersecurity, Quantum Computing, Risk Management

Satellites’ Carbon Footprint? Smaller than You Might Think
Thinkers360
October 31, 2021

In mid-March David Cabral posted this question on LinkedIn.

Is there a role for Space in ESG?

His post then continued as follows and tagged a number of experts and acquaintances. (Emphasis added by me.)

We are working on an exciting proposition and the role of Space has generated very heated discussions!

The Positives:
Space supports solutions that can be used to improve aspects of our world. A growing number of organisations own a fleet of small satellites that use infrared or radar to look through cloud cover and collect data to generate immediate insights into commodities, business development and environmental change (the price of micro-satellites is below $100 and dozens can be released in low orbit with a single rocket launch). These insights can: 1) generate predictions in areas such as crop yields, oil prices, prosperity; and 2) identify risks for certain industries at a corporate or local level, such as how much pollution a company’s factories emit.

The Negatives:
Using rockets to launch satellites is considered a “dirty” business.

Do the positives outweigh the negatives……..? Frank feedback would be appreciated!

This would have got me thinking generally. But in the context of the increasing discussions about #GreenTech & #ClimateTech my interest was doubly piqued.

Substantial comment followed as you can see if you go to the article. The parts that most stood out to me were about the low environmental impact of the launch and the plethora of examples of how satellite tech is supporting more sustainable ways of living.

How satellites are useful

Starting with the latter point: these start with the obvious — GPS allows vehicles to find the fastest route to their destination. While fastest and most fuel-efficient are not synonymous, no one can doubt the emission reduction that comes from being directed straight to your destination, rather than having to drive around for the last five minutes looking for street names and house numbers.

Maybe less obvious to most spectators is the use of satellite in farming. With such a huge share of inputs (energy and water) going into agriculture and efficiency improvement can have a notable effect. (As a side point on agriculture, the interest in this briefest of articles on Google’s agritech moonshot (called Mineral) was interesting to see.)

A third area is of course the use of satellite (for decades now) to monitor and understand the Earth and — in theory — help us make decisions around how to keep things more sustainable. Many people would comment that the reaction to what these satellites have told us is inadequate.

For those in the insurtech space, the use of satellites to support rapid reviews of claims after events — both major catastrophe events and more localised incidents — both speeds up the claims handling (leading to social good) and can remove the need to fly experts half-way across the world simply to inspect a destroyed building. (Matthew Grant posted a link to the recent InsTech London insurtech podcast about ICEYE.)

What is their carbon footprint?

Returning to the more novel point of the carbon footprint of a small satellite.

Charles Blanchet shared a link to an article where Elon is saying the carbon cost of a lanch is offset but the use of just a free dozen Tesla cars. Bearing in mind that a single launch has multiple small satellites in it, it is clear (assuming you believe Elon’s maths) that from a pure launch carbon consideration there are minimal concerns.

Elon Musk only has to sell 59 Teslas to offset the CO2 from a single SpaceX launch within a year

Elon Musk is an interesting character. I don't think I'm alone in saying that I don't always understand what he's going…

thenextweb.com

Morten Pahle quite reasonably suggested a more thorough lifecycle-assessment would need to be made.

Has a through-lifecycle assessment of the environmental impact of the design, construction, launch and operation as well as deorbiting of a satellite or constellation of satellites been performed? It would be surprising if the launch itself were the major factor although it is the most visible one.

This lifecycle analysis also needs to include the end-of-life handling of satellites. In the case of microsats the expectation is that most will burn up as they fall out of orbit at end of life, but with lower orbits filling us with smaller satellites and legacy junk, there is an increasing need to launch large clean-up satellites which in turn come with their own carbon footprint.

As with many sustainability-realted topics there is more complexity than the original question might suggest...

See blog

Tags: Climate Change, Emerging Technology, Sustainability

Opportunities

1 Panel
Business impact of Quantum Computing

Location: Online    Date Available: November 30th, 2020     Fees: 0

Submission Date: November 28th, 2020     Service Type: Service Offered

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