How interesting! Here is a thought for the day...
When Gartner identifies the large scale deployment of the No1 emerging technology (AI), it chooses insurance as the example to illustrate how it will happen.
Let's be clear, insurance has been slow to embrace AI and conservative about even trialing the technology, except for Chinese insurers who have off-the-scale growth profiles, like ZhongAn - from startup to 30% the size of Allianz in 48 months.
What does that tell you?
Trend #1: Democratized AI AI, one of the most disruptive classes of technologies, will become more widely available. For example, smart robots , will allow organizations to assist, replace or redeploy human workers to more value-adding tasks. Also in this category are autonomous driving Level 4 and autonomous driving Level 5, which replaced “autonomous vehicles” on this year’s Hype Cycle. Autonomous driving Level 4 describes vehicles that can operate without human interaction in most, but not all, conditions and locations and will likely operate in geofenced areas. This level of autonomous car will likely appear on the market in the next decade. Autonomous driving Level 5 labels vehicles operating autonomously in all situations and conditions, and controlling all tasks. Without a steering wheel, brakes or pedals, these cars could become another living space for families, having far reaching societal impacts.