In the business world, change is constant
For telcos, the pandemic is a catalyst more than a crisis. The new normal has meant we are all now much more dependent on telecommunications services, and this new lifestyle will drive further change in many industries. We explore the opportunity for telcos in this business model shift.
The Digital & Strategy series by BearingPoint illuminates current and strategically relevant topics with a focus on digitalization. It questions existing ways of thinking, gives new impulses and shows possible solutions in the data-driven and ever more complex world. This issue of the Digital & Strategy series focuses on the role and possibilities of 5G campus networks from the perspective of telecommunications and industrial companies.
The public sector has been forced to adapt to COVID-19 more than any other. Meeting the needs of citizens has never been more crucial, whether that means delivering frontline healthcare, enhancing social service supports, teaching children remotely, or facilitating funding for businesses to continue trading.
The Internet of Things (IoT) offers the insurance industry disruptive and transformative potential. Nowadays, devices using IoT technology are omnipresent and generate a wide array of data. Leveraging this huge amount of data presents insurance companies considerable business opportunities in terms of customer relationship, data insights and individualization. On the basis of three use cases, this article provides insights into how IoT can be used to generate value for insurance companies. Further, we show how value-generating business models can be created by tapping into the opportunities. To conclude, we provide guidelines for insures keen to benefit from IoT.