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#News(General) [ via IoTForIndiaGroup ]
The report spread across 116 pages with multiple tables and figures in it.
The Internet of things (IoT) is the network of devices, vehicles, and home appliances that contain electronics, software, actuators, and connectivity which allows these things to connect, interact and exchange data.
Until recently, the Internet of Things (IoT) was on the strategic agenda of only the largest and most progressive insurers.
The IoT was largely viewed as a futuristic concept, and many insurers adopted a “wait and see” attitude.
The IoT offers truly disruptive and transformative potential to the insurance industry. Substantial upside – even first mover advantage- exists for insurers that can shape the right strategy.
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