4 Disruptive innovation in insurance industry

Disruptive Technology Definition

Disruptive technology is any new technology that completely displaces existing technology and revolutionizes the product or industry it is introduced in. It “disrupts” the regular course of functioning. For instance, computers replaced typewriters and changed the way data was stored. Harvard Business School professor Clayton M. Christensen coined the term in 1997.

1. Big data and analytics
2. Machine learning, artificial intelligence and robotic process automation
3. Data explosion from connected devices: IoT Technology
4. New IT architecture like blockchain

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