As the insurance industry becomes increasingly reliant on new data sources , we take a look at the development of the IoT and plot its growth through the decades

The dawn of the ‘ internet of things ’

The Internet of Things , as a concept , wasn ’ t officially named yet , but one of the first examples is from the early 1980s and was a Coca Cola machine . Local programmers would connect through the Internet to the refrigerated appliance , checking to see if there was a drink available and if it was cold , before making the trip to purchase one

In 2002-2003 , Walmart and the US Department of Defense were the first large organisations to embrace Ashton ’ s model of tracking inventory using tagging , RFID , and the Internet of Things

A pilot programme called ‘ Smart City Switzerland ’ brought representatives from universities , businesses , and public administration together to discuss new ideas for the urban environment . Smart City Switzerland has over sixty projects underway and supports new scientific partnerships and innovation

14 May 2022