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Applications and innovations in the Internet of Things (IoT)

Hacker Earth Developers Blog

The Internet of Things (IoT) is a system of interrelated devices that have unique identifiers and can autonomously transfer data over a network. IHS Technology predicts that there will be over 30 billion IoT devices in use by 2020 and over 75 billion by 2025. Real-world applications of IoT can be found in several sectors: 1.

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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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Personalized Insurance: Auto and Telematics, Health, and Other Success Stories

Altexsoft

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Talent (87%). IT security (53%). Blockchain.

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Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation

TechCrunch

Over time, it has expanded its offerings and now also automates insurance policies for, and provides inventory financing, to its clients. . The move, in addition to offering cargo insurance, is part of Nowport’s goal to serve as a one-stop shop for the companies it serves.

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DATA, DATA EVERYWHERE – NOT A BYTE TO USE

Trigent

This article breaks down the strategy that Startups & SMEs can adopt to avoid getting overwhelmed with data and turn it into an opportunity for innovation, service differentiation and take informed business decisions. Big Data / Fast Data – Do I need both? Let’s dive into the details of these five steps.

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Connected Vehicles Highlight Big Opportunities and Concerns For OEMs

Perficient

The North Star has changed for OEMs from manufacturing to software and big data plays. The Internet of Things (IoT) is making us smarter and changing everything, including altering our preferences, lifestyles, and priorities. IoT extends well beyond the vehicle itself, too. At least not in the traditional definition.