Positives of industrial revolution - suggest you
Industry 4. Encompassing key elements like cloud computing and big data, Industry 4. Unique from its preceding industrial revolutions, I4. The technologies encompassed by Industry 4. In the factory of the future, no workers are required to be on the shop floor, as they can interact with all factory elements remotely and in real time with Augmented Reality. positives of industrial revolutionRecent Posts
The fourth industrial revolution is here. Thanks to the constant development of Artificial Intelligence, new business models have been developing during the last years.
Inside induetrial the insurance sector, a sector that is well-known by its more traditional methods, this revolution comes from the hand of Insurtech, the technology that is designed to increase the efficiency and efficacy of insurance companies. As we have already mentioned last weeknew generations along with SMEs are demanding new and more personalized productsand Insurtech is here to provide them with solutions. All these is possible thanks to AIand also because nowadays open data is more accesible. AI positives of industrial revolution the data making former models keep developing and combining them with new products.
Positive and Negative Effects of the Industrial Revolution
On the other hand, SMEs have more insurance options thanks to Insurtech. It became easier to find the right option for their business and, for insurance companies, for decreasing their risks. Open data is updated constantly. Users are the ones who upload it, and, thanks to AI data related with lifestyle is also uploaded. industriak
Thanks to open data, underwriting processes became faster, easier and more accurate. Nowadays, it is easy to detect risks or possible frauds with this technology.
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In other words, it means a benefit for insurance companies since they are more protected. Another benefit of insurtech is that, as we have just explained, processes are faster and more accurate, making insurance companies save time and money. Companies that implemented insurtech will become more competitive.]
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