The so-called “Internet of Things” (IoT) is nothing new to the insurance industry. Telematics — the placement of sensors within policyholders' vehicles — has been around for a few years now. Now, property/casualty companies also are investigating the employment of sensors in conjunction with geolocation systems to build risk profiles across various properties.
That's why the Internet of Things means a great deal, and is poised to change the way we look at data. As Mike Kavis explains in a recent Forbes article, the challenge is that most data centers aren't ready to handle the impending explosion of data that IoT will bring.
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