EP 17 – Niran Shrestha – Kwant.ai – How Can Data Be Used to Create Actionable Insights and Reduce Risks?


Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 130 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Niran Shrestha is the Chief Executive Officer of Kwant, based in New York. With years of experience in data science, construction, and project controls, his vision is to industrialize and accelerate the construction industry. Niran has worked in construction and capital projects in 7 countries, including Asia, Africa, and America. He graduated from Columbia University with a Degree in Civil Engineering and Construction Management.

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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.

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