In the business world, change is constant
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.
According to the recently published "Swiss Market Study Sustainable Investments 2020", sustainable investments have grown strongly in 2019. BearingPoint supported the study conducted by Swiss Sustainable Finance (SSF) and the Centre for Sustainable Finance and Private Wealth (CSP) of the University of Zurich as main sponsor.
Today's CFO function is facing new requirements created by digitalization. It must be able to drive digital transformation and actively contribute to the change of an organization. BearingPoint conducted a study to understand where European companies stand in the digital transformation of the CFO function.