Application Of Emerging Technology And Blockchain In The Insurance Industry

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The Application Of Emerging Technology And Blockchain In The Insurance Industry

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Author : Kiran Sood
language : en
Publisher: CRC Press
Release Date : 2024-02-20

The Application Of Emerging Technology And Blockchain In The Insurance Industry written by Kiran Sood and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-20 with Computers categories.

This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.

Application Of Emerging Technology And Blockchain In The Insurance Industry

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Author : Kiran Sood (Professor of business)
language : en
Publisher:
Release Date : 2023

Application Of Emerging Technology And Blockchain In The Insurance Industry written by Kiran Sood (Professor of business) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Blockchains (Databases) categories.

This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.

Innovating Sustainability Through Digital Circular Economy

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Author : Ozen, Ercan
language : en
Publisher: IGI Global
Release Date : 2024-12-02

Innovating Sustainability Through Digital Circular Economy written by Ozen, Ercan and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-02 with Business & Economics categories.

Innovating sustainability through a digital circular economy represents a shift in the approach towards resource management and environmental impacts. This model emphasizes the use of resources by minimizing waste and maximizing product lifespan, facilitated by digital technologies such as the Internet of Things (IoT), blockchain, and big data analytics. By integrating these technologies, businesses can track the lifecycle of products, optimize supply chains, and create new business models that prioritize reuse and recycling. This approach reduces the strain on natural resources while fostering economic growth and resilience by creating value from waste materials. As organizations embrace a digital circular economy, they pave the way for sustainable practices and redefine the relationship between consumption and environmental stewardship. Innovating Sustainability Through Digital Circular Economy delves into the effects of a digital circular economy on sustainable development goals. It offers solutions that address issues of waste management, resource recovery, and economic development. This book covers topics such as digital technology, policymaking, and sustainable development, and is a useful resource for economists, environmental scientists, computer engineers, business owners, academicians, and researchers.

Innovations In Blockchain Powered Intelligence And Cognitive Internet Of Things Ciot

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Author : Garg, Adarsh
language : en
Publisher: IGI Global
Release Date : 2024-11-27

Innovations In Blockchain Powered Intelligence And Cognitive Internet Of Things Ciot written by Garg, Adarsh and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-27 with Computers categories.

Embark on a transformative journey into the intricate realm of Cognitive Internet of Things (CIoT) with the groundbreaking Innovations in Blockchain-Powered Intelligence and Cognitive Internet of Things (CIoT). As CIoT emerges as a technological force, seamlessly marrying the Internet of Things (IoT) with cognitive computing techniques, it unveils a world of possibilities and challenges. While CIoT propels industries towards greater intelligence with applications like smart traffic detection and automatic drone surveillance, it harbors concealed threats, particularly vulnerabilities in data integrity. Malicious data can compromise Machine Learning (ML) models, leading to catastrophic consequences for real-time applications. This book stands as a pioneering solution, meticulously delving into the intersection of CIoT, blockchain, and AI-enabled data analytics to fortify the security of CIoT systems. The primary objective of Innovations in Blockchain-Powered Intelligence and Cognitive Internet of Things (CIoT), is to arm researchers and practitioners with insights into developing AI-enabled cognitive IoT, safeguarded against malicious attacks through the ingenious application of blockchain technology. By tackling the challenges and emerging issues surrounding CIoT-based solutions, this book offers a comprehensive guide to optimizing security, scalability, and sustainability in various industry sectors. Whether you're an academician, researcher, or professional navigating the dynamic landscape of AI/ML and blockchain, this book serves as a beacon for those seeking innovative solutions to fortify CIoT against evolving threats and challenges.

Contemporary Studies Of Risks In Emerging Technology

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Author : Simon Grima
language : en
Publisher: Emerald Group Publishing
Release Date : 2023-05-10

Contemporary Studies Of Risks In Emerging Technology written by Simon Grima and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-10 with Business & Economics categories.

With the rapid development of technologies, it becomes increasingly important for us to remain up-to-date on new and emerging technologies. This series, therefore, aims to deliver content on current and future technologies and how the young generation benefits from this.

Transforming The Service Sector With New Technology

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Author : Rana, Varinder Singh
language : en
Publisher: IGI Global
Release Date : 2025-05-07

Transforming The Service Sector With New Technology written by Rana, Varinder Singh and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-07 with Business & Economics categories.

Technology can impact the service sector in a variety of ways. It can be used to transform a number of service-related businesses, including hospitality, tourism, banking, healthcare, and others. Businesses navigating the rapidly changing landscape of services and technology can benefit from it by using emerging technology to create new services or improve existing ones. With the rapid rise in technology, the regulatory landscape is changing, requiring additional changes to ensure responsible innovation and protect consumers' interests. Transforming the Service Sector with New Technology strives to stimulate innovation, aid in strategic decision-making, and benefit service industries as a whole. It provides valuable information about how technology is impacting and transforming the services sector and insights in responsibly regulating it. Covering topics such as customer engagement, recovery strategies, and technology-driven product placement, this book is an excellent resource for industry decision makers, Industrialists, hospitality professionals, entrepreneurs, policymakers, scholars, academicians, professionals, and more.

Blockchain Artificial Intelligence And Financial Services

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Author : Sean Stein Smith
language : en
Publisher: Springer Nature
Release Date : 2019-11-15

Blockchain Artificial Intelligence And Financial Services written by Sean Stein Smith and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-15 with Business & Economics categories.

Blockchain technology and artificial intelligence (AI) have the potential to transform how the accounting and financial services industries engage with the business, stakeholder and consumer communities. Presenting a blend of technical analysis with current and future applications, this book provides professionals with an action plan to embrace and move forward with these new technologies in financial and accounting organizations. It is written in a conversational style that is unbiased and objective, replacing jargon and technical details with real world case examples.

Artificial Intelligence

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Author : Marco Antonio Aceves-Fernandez
language : en
Publisher: BoD – Books on Demand
Release Date : 2018-06-27

Artificial Intelligence written by Marco Antonio Aceves-Fernandez and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-27 with Computers categories.

Artificial intelligence (AI) is taking an increasingly important role in our society. From cars, smartphones, airplanes, consumer applications, and even medical equipment, the impact of AI is changing the world around us. The ability of machines to demonstrate advanced cognitive skills in taking decisions, learn and perceive the environment, predict certain behavior, and process written or spoken languages, among other skills, makes this discipline of paramount importance in today's world. Although AI is changing the world for the better in many applications, it also comes with its challenges. This book encompasses many applications as well as new techniques, challenges, and opportunities in this fascinating area.

Ai Aided Iot Technologies And Applications For Smart Business And Production

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Author : Alex Khang
language : en
Publisher: CRC Press
Release Date : 2023-12-01

Ai Aided Iot Technologies And Applications For Smart Business And Production written by Alex Khang and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-01 with Computers categories.

This book covers the need for Internet of Things (IoT) technologies and artificial intelligence (AI)–aided IoT solutions for business and production. It shows how IoT-based technology uses algorithms and AI models to bring out the desired results. AI-Aided IoT Technologies and Applications for Smart Business and Production shows how a variety of IoT technologies can be used toward integrating data fabric solutions and how intelligent applications can be used to greater effect in business and production operations. The book also covers the integration of IoT data-driven financial technology (fintech) applications to fulfill the goals of trusted AI-aided IoT solutions. Next, the authors show how IoT-based technology uses algorithms and AI models to bring out the desired results across various industries including smart cities, buildings, hospitals, hotels, homes, factories, agriculture, transportation, and more. The last part focuses on AI-aided IoT techniques, data analytics, and visualization tools. This book targets a mixed audience of specialists, analysts, engineers, scholars, researchers, academics, and professionals. It will be useful to engineering officers, IoT and AI engineers, engineering and industrial management students, and research scholars looking for new ideas, methodologies, technologies, models, frameworks, theories, and practices to resolve the challenging issues associated with leveraging IoT technologies, data-driven analytics, AI-aided models, IoT cybersecurity, 5G, sensors, and augmented and virtual reality techniques for developing smart systems in the era of Industrial Revolution 4.0.

Big Data

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Author : Kiran Sood
language : en
Publisher: Emerald Group Publishing
Release Date : 2022-07-19

Big Data written by Kiran Sood and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-19 with Business & Economics categories.

Striking a balance between the technical characteristics of the subject and the practical aspects of decision making, spanning from fraud analytics in claims management, to customer analytics, to risk analytics in solvency, the comprehensive coverage presented makes Big Data an invaluable resource for any insurance professional.