IoT, following adaptation this will generate significant opportunities in the Insurance area! We expect 2015/2016 the dots will be connected in the house, the full potential for FinTech will follow
While the Internet of Things will inevitably ride the ups and downs of inflated hype and unmet expectations, at this stage there’s no putting the genie back in the bottle. The IoT is propelled by an exceptional convergence of trends (mobile phone ubiquity, open hardware, big data, the resurrection of AI, cloud computing, 3D printing and crowdfunding). There’s also an element of self-fulfilling prophecy at play, with enterprises, consumers, retailers and the press all equally excited about the possibilities. Whether we’re ready for it or not, we’re rapidly evolving toward a world where just about everything will be connected. This has profound implications for society and how we collectively interact with the world around us. Key concerns around privacy and security will need to be addressed.