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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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Adversity breeds innovation

Capgemini

While in this instance it was the availability of increasingly powerful data storage options and more widespread internet connectivity that made Jobs’ leaps and bounds possible, adversity is more often the catalyst for dramatic change. But remember, out of adversity comes innovation and invention. Product innovation.

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IoT: Make Mine a Standard

Cloudera

Open source allows you to stay on the cutting edge, to have the latest and most innovative technologies at your disposal at all times. No one company is going to outpace the rate at which an open source community produces innovative new software. Standards for IoT. Architecture for IoT.

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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. Legacy players are now forced to compete with “insurtechs” who are coming up with better, innovative ways to speak to the customer and provide satisfaction at a lower cost.

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InsurTech 2.0 – Opportunities for Monetization in 2023

Trigent

The digital transformation of the Insurance industry, combined with advances in emerging technology, has disrupted the traditional insurance product stack. Explore more on the Unbundled Insurance Stack and Opportunities. Explore more on the Unbundled Insurance Stack and Opportunities. 5 opportunities with InsurTech 2.0

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AI-First Benefits: 5 Real-World Outcomes

Cloudera

When a company embraces an AI-first strategy , it makes a conscious decision to transform itself today and set itself up for ongoing innovation and adaptation in the future. . In a retail operation, for instance, AI-driven smart shelf systems use Internet of Things (IoT) and cloud-based applications to alert the back room to replenish items.