The Internet of (Insured) Things: Nascent But Potent

  • In July, the 3GPP standards body reached an important milestone with version 16, its second set of specifications for 5G technology, a crucial step for 5G IoT use in higher-end applications in Industrial IoT.
  • Electronics manufacturer Xiaomi announced plans to invest $7.2 billion in 5G and artificial intelligence of things (AIOT) in the next 5 years in consumer and enterprise IoT devices including smart TVs, drones, electric scooters, air purifiers, routers and security cameras.

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