10 digital techs insurers should watch
June 27, 2019 5:01 AM
The technologies that hold the greatest financial promise
1. Internet of Things
IoT is driving change and impacting efficiencies in businesses around the world by providing the data needed to improve marketing, increase sales and decrease costs.
2. Artificial intelligence
AI is significantly impacting the say customers interact with businesses through the advent of intelligent bots and websites and is becoming increasingly commoditized, accessible and integrated with everyday tools.
3. 5G
5G is increasing our ability to move, manipulate and analyze data across wireless platforms. It will continue to drive the development of more complex apps to solve problems and increase growth across a wide array of industries.
4. Server-less computing
Server-less computing is enabling organizations to crease a NoOps IT environment that is automated and abstracted from underlying infrastructure, reducing operational costs and allowing businesses to invest in the development of new, impactful, value-add capabilities.
5. Blockchain
Blockchain is solving the increased need to secure and manage an increasing number of transactions across the Internet as it provides an alternative to centrally managed record keeping.
6. Robotics
Robotics is automating routine processes by leveraging machines in all shapes and sizes to make businesses faster, cheaper and more efficient. This is driving conversations and opportunities due to its incredibly fast ROI and significant opportunity for cost-savings and growth.
7. Biometrics
Leveraging biometric technology from facial recognition to retina and fingerprint scans will become the mainstream methodology for confirming your identity. These solutions, both stand alone and nitrated, will form the secure foundation for solutions that we deliver moving forward.
8. 3D printing
3D printing is providing an effective solution for low volume manufacturing of complex parts and quick and local production of obscure products. The opportunity for the industry is expected to become bigger as more affordable products become available and will help to expand the market.
9. Virtual reality / Augmented reality
VR/AR is transforming the way we engage with machines, data and each other. Organizations are exploring opportunities to use VR, AR, mixed reality, AI and sensor technologies to enhance operational efficiency and individual productivity.
10. Drones
Drones are enabling robotic automation without geographic restriction and the opportunities for technological development and integration are high for the market.