loT Deciphered
THE INSURANCE TIMES|March 2023
This technology can be used in the insurance industry to improve risk assessment, claims processing, and preventive measures. For example, loT devices such as smart home systems and wearable technology can gather data on a person's behavior and environment, which can be used to assess their risk of accidents or illnesses.
Prof Pratik Priyadarshi
loT Deciphered

What is IoT?
The Internet of Things (IoT) refers to the growing network of physical devices, appliances, vehicles, and other objects embedded with electronics, software, sensors, and connectivity which enables these objects to connect and exchange data. These connected devices can be remotely monitored and controlled through the internet, allowing for increased efficiency and automation in a variety of industries, such as manufacturing, transportation, and healthcare.

What is the relevance of IoT in our lives?
IoT has the potential to greatly impact and improve many aspects of our lives, including:

This story is from the March 2023 edition of THE INSURANCE TIMES.

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