InsurTech Amplified talks with Niran Shrestha, a co-founder at Kwant.ai, about the intersections of architecture, civil engineering, data science, and insurance. Niran, with his rich background in architecture and design, and having worked on major engineering projects in the US, shares insights into the challenges and opportunities in the construction industry. The discussion delves into how Kwant.ai leverages technology, particularly Internet of Things (IoT) and data analytics, to enhance safety and efficiency on construction sites.
They explore the significant risks associated with construction, highlighted by the high number of fatalities in the industry, and how Kwant.ai’s technology helps mitigate these risks through real-time data collection and analysis. Niran illustrates the use of wearable technologies and sensors in monitoring worker safety and productivity, emphasizing the importance of actionable insights in preventing accidents and facilitating quick responses to incidents.
The conversation also touches on how Kwant.ai’s data collection and analysis not only contribute to safety but also to improving operational efficiencies, reducing waste, and potentially influencing insurance premiums and policies. Niran’s journey from Nepal to New York, his experiences in various parts of the world, and his passion for building and innovation in construction safety make for a compelling narrative that ties together technology, human factors, and the evolving landscape of construction and insurance.