Gartner Research

Insurance CIOs Need to Harness the Internet of Things to Drive Digital Insurance

Published: 18 March 2015

ID: G00274018

Analyst(s): Laurie Shotton , Juergen Weiss , Jeff Haner , Kimberly Harris-Ferrante , Steve Horneman

Summary

The Internet of Things is the catalyst that will enable insurers to move their digital initiatives beyond the incremental to the transformational. Insurance CIOs need to understand the paradigm shift to the IoT and ensure that other business and IT leaders do so as well.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • The IoT offers such compelling opportunities for business transformation that insurance CIOs and their business peers will adopt it as central to their digital business strategies
  • The complexity of IoT adoption will require insurance CIOs to build data competencies their organizations lack today
  • IoT-based products and services will require that insurance CIOs negotiate and orchestrate a collection of diverse technologies and establish new partner ecosystems

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