A selection from the many thousands of smart products announced or displayed at the Consumer Electronics Show (CES) 2016, courtesy of Insurance Thought Leadership – a site to visit regularly if you want to keep up:
• Smart air vents to monitor and adjust temperature in each room, detect for early signs of mold, etc.
• Smart drinking glasses to monitor hydration and caffeine intake
• Neuro-stimulation devices to block chronic pain or alter moods
• Smart appliances that manage energy efficiency, anticipate failures, conduct e-commerce, etc
• Wearable patches to monitor UV rays, toxic exposure and biometrics
• In-car cameras that monitor a driver’s pupils for signs of stress.
Ingenuity will lead to many, many more such ideas. Not all of them will be commercially viable, and maybe the majority of them will be well ahead of consumer demand. “The competitive environment is healthy,” as Mark Breading says in the article, “but widespread adoption will require more interoperability standards and a shakeout of players.”
Technical standards are an absolute requirement for IoT success. Business level standards are an absolute requirement for insurance success based on IoT. ITL