Join David Hodges as he talks with IoT architects about how the Internet of Things is bringing rapid changes to a number of industrial and consumer segments. They focus on the impact of IoT on the insurance industry.

In this video:

  • David Hodges, Program Director, IBM Cloud Architecture Center
  • Scott Wallace, IoT Solutions Architect, Watson IoT
  • Eric Libow, IBM Distinguished Engineer and Chief Architect, Watson IoT
  • Gopal Indurkhya, Executive IT Architect and Domain Lead, IBM Cloud
David Hodges hosts IBM IoT experts Scott Wallace, Eric Libow, and Gopal Indurkhya to discuss examples of how IoT is impacting a broad range of solutions related to the insurance industry. David starts:

“As you get involved in the Internet of Things, it touches on scale and availability, security, and how to deal with data coming from a variety of new sources we haven’t had to deal with before.”

Scott talks about what he’s seen in customer innovations with the technology and how it creates new usage patterns. He notes a lot of action in the global insurance industry:

“We’re seeing a focus on elder care, being able to let people live in their homes and still be safe and feel like they can live the life they want.”

Scott continues to talk about IoT adoption in connected health, in the fleet management and connected vehicle areas of the auto insurance segment, in safer workplace initiatives, and in smart building construction. The smart home segment of the market seems to be growing rapidly, according to Scott.

Smart home technology tends to focus on four key items – security, temperature, air, and water – connected by all sorts of sensors – thermostats, door sensors, light bulbs, all linked together.

Eric talks about the connected home’s role in insurance, focusing on the IoT standard in the reference architecture found in the IBM Architecture Center.

The standard includes an interactive diagram detailing the architecture, a section describing how the architecture makes your home more accessible to you and the various physical-systems and insurance specialists, and it provides schematics on the many ways you can implement the architecture.

How the IoT architecture plugs into the insurance company dataflow.

How the IoT architecture plugs into the insurance company dataflow.

Gopal wraps up the roundtable by explaining how the insurance component fits into the overall architecture.

The IoT architecture overview.

The IoT architecture overview.

When data is collected at the number 6 positions on the chart (the End User App and the Enterprise App), the homeowner and the insurance company, respectively, can start the work to repair a problem.

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