Timetrics 2016 survey of insurance professionals explores the use of technology in the industry. The file Technologies
Question:
Timetric’s 2016 survey of insurance professionals explores the use of technology in the industry. The file Technologies contains the responses to the question that asked what technologies these professionals expected to be most used by the insurance industry in the coming year. Those responses are:
Technology Frequency
Wearable technology...........................................9
Blockchain technology.........................................9
Artificial Intelligence...........................................17
IoT: retail insurance............................................23
IoT: commercial insurance..................................5
Social media........................................................27
a. Compute the percentage of responses for each technology.
b. What conclusions can you reach concerning expected technology usage in the insurance industry in the coming year?
Step by Step Answer:
Basic Business Statistics Concepts And Applications
ISBN: 9780134684840
14th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan