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:

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?

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Technology Wearable technology Blockchain technology Artificial Intelligence IoT: retail insurance IoT: commercial insurance Social media Source: Data extracted from bit.ly/2qxMFRJ. Frequency 9 9 17 23 5 27