AI-driven Transformation on in the Insurance Industry

| January 25, 2019

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The Insurance industry is on the brink of complete digital transformation. Traditional business models are giving way to new paradigms like Connected Insurance, Usage-based Premiums, and Smart Underwriting. Insurance customers are seeking on-demand, personalized experiences. The types of risks being covered are also evolving, presenting fresh business opportunities for insurers to reimagine their business by building a digital-enabled core to deliver sustainable operational efficiencies

Spotlight

FreeWave Technologies

FreeWave Technologies (www.freewave.com) is the leading provider of wireless Machine to Machine (M2M) solutions that deliver reliable access to data for leading companies in the industrial Internet of Things (IoT) markets. Organizations seeking to maximize the value of wirelessly connecting M2M devices in the field repeatedly turn to FreeWave because of the company’s 20-plus years of M2M experience, where it has deployed more than 1,000,000 units to over 5,000 customers across the globe.

OTHER ARTICLES

WiFi for Enterprise IoT: Why You Shouldn’t Use It

Article | April 9, 2020

So you’re building an IoT solution and you’re ready to select your connectivity approach. Should you use Bluetooth? WiFi? LoRa? Cellular? Satellite? As I’ve explored in a previous post, the connectivity approach you choose ultimately comes down to the specific needs of your use case. Some use cases favor mobility and bandwidth, and power consumption doesn’t matter as much. Other use cases favor extensive battery life and broad coverage, and bandwidth doesn’t matter as much. In this post, I argue that for Enterprise IoT solutions, you shouldn’t use WiFi regardless of the use case. To build and implement a successful IoT solution, your connectivity needs to be reliable and consistent. When there’s an issue that needs troubleshooting, knowing that certain components of your IoT solution are reliable and consistent enables you to narrow your focus and address issues more effectively. There are many challenges in IoT, many of which stem from operational challenges and from having thousands of devices out in the real world where they’re subject to harsh, ever-changing environments.

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The Importance of IoT Platforms Through the Eyes of an MVNO

Article | April 9, 2020

IoT has a massive scope and too many requirements that can leave even the best of telecom operators clueless. With exalted predictions in the near future (some estimate that IoT devices will cross the 40 billion mark by 2025), the pressure on IoT service providers is immense. There is a need to automate the management of connected devices and sensors, which is why a comprehensive IoT platform has become the need of the hour. Every single one of these platforms plays a huge role in the overall functioning of sensors and devices that form the entire IoT universe. An IoT platform serves as a middleware that connects devices/sensors. It contains an assortment of functions such as controllers and sensors, a communication network, a gateway device, translating and data analysis software along with end application services. IoT platforms are equipped to handle vast quantities of data, applications, subscribers, websites, sensors and devices, and at the same time triggers actions according to the input, in real-time.

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Who should lead the push for IoT security?

Article | April 9, 2020

The ease with which internet of things devices can be compromised, coupled with the potentially extreme consequences of breaches, have prompted action from legislatures and regulators, but what group is best to decide? Both the makers of IoT devices and governments are aware of the security issues, but so far they haven’t come up with standardized ways to address them. The challenge of this market is that it’s moving so fast that no regulation is going to be able to keep pace with the devices that are being connected,” said Forrester vice president and research director Merritt Maxim. “Regulations that are definitive are easy to enforce and helpful, but they’ll quickly become outdated.”The latest such effort by a governmental body is a proposed regulation in the U.K. that would impose three major mandates on IoT device manufacturers that would address key security concerns.

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IoT: Quench the thirst for smart water management

Article | April 9, 2020

Water is one of our most precious resources. Yet every year, we lose more than 126 million cubic meters globally to leaks, poor metering and theft. Beyond that is the energy wasted moving water that never gets used. It adds up to staggering economic – and environmental – costs. It also presents one of the most compelling opportunities to use industrial IoT solutions. Water utilities can use IoT to address two fundamental aspects of water management: maintaining the physical infrastructure and addressing water safety and sustainability. With IoT sensors throughout a water utility’s infrastructure, it becomes possible to. In many ways, these uses mirror what’s possible in manufacturing. But while factory floors are condensed environments – with all assets located in a confined area – water utilities operate highly distributed environments. Reservoirs, pipes, pumps and other assets are spread across a massive physical footprint. Such environments introduce some unique challenges. One of the most pressing is cost. Capturing data across a massive infrastructure – and moving it to the enterprise and/or cloud – is a heavy lift. That’s especially true when considering the criticality of timely transmission and analysis of water data. Any delay can contribute to continued losses.

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Spotlight

FreeWave Technologies

FreeWave Technologies (www.freewave.com) is the leading provider of wireless Machine to Machine (M2M) solutions that deliver reliable access to data for leading companies in the industrial Internet of Things (IoT) markets. Organizations seeking to maximize the value of wirelessly connecting M2M devices in the field repeatedly turn to FreeWave because of the company’s 20-plus years of M2M experience, where it has deployed more than 1,000,000 units to over 5,000 customers across the globe.

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