Internet of Things in Insurance. How IoT Technology Reshapes Business?
Internet of Things – key driver of data generation. IoT can provide insurers with valuable insights, potential to predict and prevent risks
What is IoT? The Internet of Things (IoT) describes the network of physical objects—“things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.
IoT is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.