SPECIFIC USE CASES FOR IOT
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Ringsted ’ s vision of an industry revolutionised by IoT may be closer at hand than we think : McKinsey notes in its article ‘ Digital ecosystems for insurers : Opportunities through the Internet of Things ’ that IoT devices in every facet of modern life are accelerating exponentially in number , “ In 2010 , people owned 12.5bn networked devices ; it is estimated that by 2025 that number will have climbed to more than 50 billion .” As IoT continues to shape how practically every sector generates data , it is safe to imagine that insurance will naturally evolve swiftly with it .
SPECIFIC USE CASES FOR IOT
The customisable nature of IoT makes it a technology well-suited for tailoring to specific needs and challenges , a core asset in the insurance sector ,
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