Internet of Things Interactions

IoT And Big Data To Create Insurance Industry Winners, Losers

This blog writes a lot about risk and the Internet of Things. Specifically: we talk about how smart, sensor rich, connected devices create all kinds of new risks for enterprises and consumers. It goes without saying that feature development (and adoption) are running well ahead of pesky issues like secure design and deployment or data privacy. Smart companies are trying to put some brakes on that trend. (Witness Google prohibiting sensitive health data from its Android Wear platform.) But, by and large, companies are plowing ahead into IoT technologies without a lot of consideration of the risks. But there’s one industry where risk _is_ the business: the insurance industry. And there, the thinking about the potential of Internet of Things is decidedly bullish. In fact, a recent report from the financial services research firm Celent (paywall) suggests that broad adoption of IoT technologies will revolutionize the way insurance companies market and sell to […]

Google Autonomous Vehicle

When Autonomous Vehicles Crash, Is The Software Liable?

Many industries are wrestling with the blinding speed of technologic change. Mobile devices like smartphones and tablets are transforming the way employees work and customers interact with a business. And that doesn’t even take into account the (coming) revolution of smart devices and remote sensors that is referred to as The Internet of Things. But few industries are wrestling as hard with the implications of that change as the Insurance industry, which must assess the long-term impact of huge forces like technology innovation or, say, climate change on risk. One example: how will the advent of autonomous vehicles or even computer augmented driving change the auto insurance business? And, when two computer-guided cars crash, who (or what) is liable? Those were some of the questions posed to attendees at this week’s Emerging Technology (or EmTech) Conference at The Massachusetts Institute of Technology (MIT). The speaker, Joe Coray, is the Vice […]


At MIT Conference, Warnings of Big Data Fundamentalism

A senior Microsoft researcher issued a stern warning about the negative consequences of the current mania for data harvesting saying that a kind of “fundamentalism” was emerging regarding the utility of what’s been termed “Big Data” that could easily lead to a Orwellian future of ubiquitous surveillance and diminished freedom. Speaking to an audience of around 300 technology industry luminaries at the Massachusetts Institute of Technology’s annual Emerging Technology (EMTECH) conference, Kate Crawford, a Principal Researcher at Microsoft Research in Boston said that the technology industry’s fetish for “Big Data” had blinded it to the limits of analytics, and the privacy implications of wholesale data harvesting. The Massachusetts Institute of Technology’s (MIT’s) annual Emerging Technologies (EMTECH) conference, a high-gloss event that throws entrepreneurs, venture capitalists and academics together to talk ‘big ideas’ on TED-inspired sets. Crawford’s speech, coming on the heels of a talk about transforming healthcare with big data […]