BigDataFr recommends: How Other Industries Can Learn from IoT Use by Insurers
[…] The Internet of Things has seen extensive expansion in the past decade and it is expected to continue its rapid growth in future years. Global B2B spending on IoT technologies, apps and solutions is expected to reach $267 billion by 2020. Furthermore, worldwide spending on IoT is expected to reach nearly $2 trillion this year, up from $737 billion in 2017.
One of the industries seeing the fasted IoT spending growth is the insurance sector. Insurers’ IoT strategies are proving to be effective as they enable greater connectivity. Here are three current IoT strategies used among insurers, along with insight as to what other industries can learn from them.
Use of sensors and telematics. […]