Remove Blockchain Remove Insurance Remove Systems Review Remove Technology
article thumbnail

Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

Altexsoft

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

Insurance 130
article thumbnail

IT leaders adjust budget priorities as economic outlook shifts

CIO

Analyst firm IDC expects more of a moving target on tech budgets due to market volatility, the strength of the US dollar, inflation rates, and continued slow global growth due to economic drag by China and other key countries. That’s certainly the case in the corporate technology group at Illinois Tool Works (ITW), a $14.5

Budget 331
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Concept to Cost: A Complete Guide to Blockchain Implementation

Openxcell

What is Blockchain technology? Blockchain Technology is a modern database infrastructure that revolutionizes information sharing amongst the network of participants. Due to this, Blockchain technology emerged as a potent immutable ledger for tracking orders, accounts, payments, and other transactions.

article thumbnail

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.

article thumbnail

Expected Blockchain Statistics and Trends for 2024

Openxcell

When Blockchain first emerged as the technology that backed cryptocurrencies, it was met with cynicism and skepticism. A decade and more later, the hype hasn’t died down and blockchain is all the rage. Blockchain market was worth $5.85 Tech experts were undermining its functionalities and criticizing its fervor.

article thumbnail

Fintech Blockchain: The Fintech boost everyone was counting on!

Openxcell

The fintech industry is the latest addition to the group of industries that seem to be realizing the transformative potential of Blockchain. Blockchain technology is known for the host of benefits that it brings to the table such as redesigned user experience, software delivery workflows, and reducing risks in business.

Fintech 52
article thumbnail

IT leaders grapple with shadow AI

CIO

Soon after ChatGPT burst on the scene in November 2022, Chan realized generative AI would amount to far more than the just the latest technology flash-in-the-pan. If we don’t do anything about it, they will have no choice but to use it on their own,” says Chan, CIO of Avnet, a technology parts and services provider.