Connected Data is Paving the Way for Insurance Innovation
Ecosystems are the future of Insurance – Insightful read from Sangeet Paul Choudary
April 4, 2019
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Ecosystems are the future of Insurance – Insightful read from Sangeet Paul Choudary
Technologies have come together to move business-to-business interactions and asset-intensive industries towards the platform economy.
Digital technology has only begun to penetrate industries. As it continues its advance, the implications for revenues, profits, and opportunities will be dramatic.
2019 will see the Internet of Things (IoT) becoming more deeply embedded in our day-to-day lives at home and at work. We may begin to hear the term itself used less frequently – but that’s because it’s moving out of the hype phase and quickly becoming a part of everyday life.
As businesses today operate in a hyper-competitive environment, they focus to build a good relationship with customers, encourage speedy innovation and reduce functional expenses. One of the most effective, scalable and versatile ways to achieve all of these is Intelligent process automation.
The best way to approach 4IR is to simplify it so you can anticipate its benefits proactively for your business.
We take a read through an article by Daniel Sexton (a Tech Intrapreneur) on what he has learned about IoT platforms and how to categorize them.
From security issues to skills shortages, these are the most important Internet of Things things to look for in 2019.
By innovating and extending IoT capabilities to the edge of everything the business touches in socially responsible, ethical, and legal ways, companies can change how people view and benefit from connected intelligence – and possibly improve our world for the better in unimaginable ways.
As more industries and consumers adopt and increase their reliance on IoT-enabled devices to transform their processes and interactions, OEMs must recognize the opportunity and be prepared to manage the increased demand to remain competitive in 2019.