Author: Connected World
Insurance companies are very much focused on managing risk. Thus, predictions become very important. With AI (artificial intelligence), insurance companies can assess the energy efficiency of a house or the probabilities that there might be a fire or similar occurrence in a building, as examples. “To take advantage of that solution, you need to change how you are selling insurance,” explains Joshua Gans, professor of strategic management, University of Toronto. “Because what the customers would like is that information so they can de-risk their house and not have to pay insurance premiums.” Here is how artificial intelligence can help in…
Too often a technician servicing a vehicle needs to travel to a certain location in order to work hand-in-hand with the dealer. The metaverse is set to change all of this. At its core, the metaverse is a simulated digital environment that uses AR (augmented reality) and VR (virtual reality) technologies to create an immersive online experience. Here is how it can help a dealership: Turn a dealership into a life experience center, with digital showrooms, virtual test drives, virtual reality support sales, and more. Heighten productivity and minimize travel for a technician who is servicing a vehicle. Bring transparency…
MachineQ and Omdia say 67% of respondents expect #IoT ROI within one year.
Juniper Research says border security technology market to surpass $70 billion globally by 2027.
IDC says India smartphone market declined by 10% YoY in 3Q22.
Is Wi-Fi part of the solution to the long-standing issue of a digital divide between people living in cities and those living in small towns, between urban and rural communities? The WBA (Wireless Broadband Alliance) says yes, it is. In fact, a new report investigating challenges, use cases, and case studies in rural Wi-Fi proposes strategies for stakeholders such as mobile operators, fiber providers, and cable companies to serve the 1 billion people who the alliance says are still not connected to Wi-Fi. The alliance insists without Wi-Fi access, people cannot access digital services like telehealth and online education, and…
Gartner forecasts IT spending in EMEA to grow 3.7% in 2023.
ABI Research says the automotive sector leads industrial digital transformation with $238 billion, followed by electronics and oil and gas.
Episode 797 11.15.22 Joshua Gans, professor of strategic management, University of Toronto, Rotman School of Management, joins Peggy to talk about his new book, “Power and Prediction.” He also describes three stages of innovative technology, why humans will remain critical of AI (artificial intelligence), and how old systems will be displaced with new and more efficient ones as artificial intelligence adoption continues to grow. Below is an excerpt from the interview. To listen to the conversation from The Peggy Smedley Show, click here or go to https://peggysmedleyshow.com/ to access the entire show. Peggy Smedley: Joshua, I’m excited. You’re coming out…
Parks Associates says 7-9% of U.S. internet households own a smart garage door opener.