We’re on the brink of a new industrial revolution.

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This is critical for the insurance industry because of our unique challenges!

The backend is where the money is

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Consulting giant Accenture has published a report predicting 40 percent of cars will be autonomous by 2040s, and what that will do to connected industries.

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Whether or not this study is accurate or not doesn’t matter. The trend is strong and here’s why the insurance industry should pay attention to it:

 

1. Self-driving cars are likely to be mutualized – not owned. Uber and others will offer on-demand cars to consumers, removing their need to invest in one of their most costly assets. 

 

2. Responsibility for self-driving cars has yet to be determined but is unlikely to be the passenger.

 

3. Self-driving cars will be safer and harder to steal. 

 

In short, the car insurance business is dead. So what can you do about this? Read our own recommendations here. 

One of the storylines in this year’s presidential election is how both major political parties are using big data analytics to inform their decisions and t

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Pharmaceutical firm uses Hadoop to crunch huge amounts of data so it can develop vaccines faster. One of eight profiles of InformationWeek Elite 100 Business Innovation Award winners.

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This is great!