Massive changes are coming

The Internet of Things (IoT) is changing insurance industry dynamics. The IoT comprises millions of objects with embedded electronics that can transfer data over a network without human interaction. As it grows even more massive, one projection has more than 100 billion connected devices in use by 2050.1 The IoT can be a disruptive force in insurance with the potential to create competitive advantage for first movers who are exploiting the opportunity it presents.

1"Device democracy: Saving the future of the Internet of Things." July 2015.

Experts on this topic

Praveen Velichety

Praveen Velichety
Associate Partner
IBM Global Business Services

Venky Rao

Venky Rao
Executive IT Specialist, Member, IBM Academy of Technology
IBM Corporate Strategy

Edward Calusinski

Edward Calusinski
IBM Fellow and Vice President of Technology

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