Technology in Insurance

Welcome to the Robot Revolution: Realities and Risks

By Mark Breading, Partner, Strategy Meets Action

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Boston, MA (Apr. 10, 2017) – Strategy Meets Action has released a new blog: “Welcome to the Robot Revolution: Realities and Risks,” by Mark Breading, Partner, SMA.

The robots are coming. In fact, in many places, they have already arrived. Some consider software automation such as robo-advisors to be robotics, but there is also considerable progress in the world of the physical, tangible robots that are very similar to the ones made popular by a century of science fiction stories.

We are headed toward a future of robots all around us – on land, sea, and air; in our homes, businesses, and communities. Today, we are witnessing the first glimpses of this robot revolution. The rate of robot proliferation and adoption is astounding, which means that a future with billions of robots may not be that far off. The International Federation of Robotics reports that there are expected to be 31 million household robots in service by 2019. There are already millions of industrial robots in use; over a quarter of a million were sold just last year. Add that to the millions of drones being sold and robots in business, agriculture, and other settings, and it becomes clear that robots are delivering good value and market acceptance. Recent examples of robotics pilots and implementations demonstrate some of the future potential.

Click here to read the full blog.

About SMA

Exclusively serving the insurance industry, Strategy Meets Action (SMA) is an advisory services firm offering retainers, research, consulting, events, and innovation offerings to both insurance companies and solution providers. Learn more about SMA at www.strategymeetsaction.com.

SOURCE: Strategy Meets Action (SMA)


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