Ideas are a dime a dozen. Here are twelve problems that could lead to a billion-dollar startup

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Next generation technology in the home for an aging population.

Startup founders can often find themselves working on an idea that sounds plausible, but does not provide a solution to a problem people care about in a meaningful way. Y Combinator founder and investor Paul Graham says that often, these startups are born from individuals who are simply “trying to think of startup ideas” and not looking for problems. Graham calls these ideas “made-up” or “sitcom” startup ideas, as they sound like something a writer for a television sitcom would come up with when creating a script for a character that had a business idea. The idea seems possible, even though in reality it is bad and no one would use or buy it.

Take a look around at the products and services you are currently using and surrounded by. Why are they there? Well, it’s because they are solving a problem or filling a need you would otherwise be experiencing. This is how all great inventions and startup businesses are born, from a problem or need. From electricity, to the telephone, to the Internet, and more recently to Uber and AirBnb, great businesses are built on big problems.

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This data startup uses artificial intelligence to figure out if your roof is in decent shape

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When you first buy a house, your insurance company doesn’t know very much about it or how much insuring it will cost. That’s because it first has to send out an inspector to look at the exterior of your house, take measurements, and check out your roof to see what kind of shape it’s in.

Cape Analytics, a Mountain View-based data analytics startup, aims to change all that. Its API-pipeline can feed an insurance company information about a house’s exterior square footage, roof type, roof condition, changes in a home and more – all thanks to the use of machine learning to analyze aerial imagery.

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Internet of Things will transform the insurance industry within the next 5 years

reduction in us crashes between trucks with vs. without safety systems

Over then next five years, the ability to bring internet connection to almost every type of consumer device will be huge implications for the insurance industry. Insurers looking to cut costs, improve business practices, and better assess clients’ risk levels, will increasingly invest in the Internet of Things (IoT).

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Will your insurance company use drones to check up on you?

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Last week, insurance giant American International Group, announced it has won approval from the US Federal Aviation Administration to fly drones.  That means AIG could potentially speed up the process of cutting reimbursement checks to homeowners and businesses hurt by floods or hurricanes by getting to disaster-stricken towns in the US more quickly by deploying unmanned aerial vehicles.   Continue reading… “Will your insurance company use drones to check up on you?”

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Eight facts that explain what’s wrong with health care in America

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Obamacare is not universal health care.

If the American health care system were to break off from the United States and become its own economy, it would be the fifth-largest in the world. “It would be bigger than the United Kingdom or France and only behind the United States, China, Japan and Germany,” says David Blumenthal, executive director of the non-profit Commonwealth Fund. Here are eight facts that support reality.

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Google could become the primary sales channel for the insurance industry by 2020

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The absolute greatest vertical in Google’s AdWords revenue is auto insurance.

Google is well on its way to establishing its leadership through the registration of 6 billion daily unique searches and indexing of over 50 billion web pages (2013), when it comes to collecting and organizing information. What remains to be seen is how this information is being made universally accessible and at what price. One of the industries that has particular advantage of access to the world’s information is insurance.

 

 

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U.S. healthcare most expensive and worst performing in a new international ranking

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The origin of the phrase “You get what you pay for” – the origin of that phrase is sometimes attributed to the fashion mogul Aldo Gucci, who said, “The bitterness of low quality is remembered long after the sweetness of low price has faded.” But Americans get neither quality nor affordability when it comes to healthcare.

 

 

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Driverless cars will change the future of the insurance industry

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Data and driverless cars will change the insurance business.

Most drivers are paying less for insurance thanks to the ability for insurance companies to use terabytes of data. But according to Glenn Renwick, chairman, president and CEO of Progressive, the rise of the autonomous car could change the industry from one that insures drivers to one that insures the elements of the car. In a conversation at the Rutberg Global Summit Tuesday in Atlanta, Renwick covered Progressive’s 14-year history in trying to use data to set pricing, and the lessons he has learned.

 

 

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Obamacare will cost the average American family $20,000 a year: IRS

The cheapest plan for family will cost $20,000 per year.

American families will be forced to buy conventional health insurance that primarily benefits the pharmaceutical industry under Obamacare. By 2016 the cheapest health insurance plan available will cost a typical American family $20,000 a year, according to the IRS.

 

 

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