Download or read book Industrial Organization and the Consequences of Digitalization for the Insurance Industry written by Anonym and published by . This book was released on 2020-07-07 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2016 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,7, University of Manchester, language: English, abstract: This essay tries to identify the consequences drawing on the example of the insurance industry. Here the information technologies may help to assess risks, remove uncertainties and assist the company in their decision making. Thus, the essay focuses on the aspects of decision making and internal organization. Further, the consequences for the insurance industry will be discussed. The essay is structured in four parts. At first, historical technological limitations and their impacts in the insurance market will be discussed. After that the advances in software, big data and artificial intelligence will be considered and opportunities for insurance companies will be shown. Moreover, the essay will discuss the impacts of these issues on the future of the firm. Finally, industry impacts will be considered. The research is based on secondary data from books, journals, newspapers and websites. The rise of big data, information technologies and artificial intelligence have led to a software revolution that significantly influences firms and industries. Artificial intelligence software may take over many functions resulting in automated pricing, risk assessment, inventory management etc.. Therefore, software devices collect, store and analyze massive amounts of data about customer behaviors, preferences, productivity enhancements, market trends and more. This data provides the company with valuable insights and allows them to capture critical advantages. However, to effectively exploit these advantages a firm has to adapt to the new settings which comes along with structural changes and other consequences.
Download or read book Industrial Organization and the Consequences of Digitalization for the Insurance Industry written by and published by GRIN Verlag. This book was released on 2020-07-17 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2016 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,7, University of Manchester, language: English, abstract: This essay tries to identify the consequences drawing on the example of the insurance industry. Here the information technologies may help to assess risks, remove uncertainties and assist the company in their decision making. Thus, the essay focuses on the aspects of decision making and internal organization. Further, the consequences for the insurance industry will be discussed. The essay is structured in four parts. At first, historical technological limitations and their impacts in the insurance market will be discussed. After that the advances in software, big data and artificial intelligence will be considered and opportunities for insurance companies will be shown. Moreover, the essay will discuss the impacts of these issues on the future of the firm. Finally, industry impacts will be considered. The research is based on secondary data from books, journals, newspapers and websites. The rise of big data, information technologies and artificial intelligence have led to a software revolution that significantly influences firms and industries. Artificial intelligence software may take over many functions resulting in automated pricing, risk assessment, inventory management etc.. Therefore, software devices collect, store and analyze massive amounts of data about customer behaviors, preferences, productivity enhancements, market trends and more. This data provides the company with valuable insights and allows them to capture critical advantages. However, to effectively exploit these advantages a firm has to adapt to the new settings which comes along with structural changes and other consequences.
Download or read book Digitalization in the Insurance Industry A Case Study on Organizational Transformation written by Celine Frey and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The insurance industry currently finds itself in a time of rapid change and is faced with a new set of challenges that will largely determine its long term success chances. Although the topic of digitalization is not new, only recently has it been properly acknowledged as a topic needing serious attention. However, because most organizations do not feel themselves to be immediately threatened by this trend, they feel no imminent urgency to activate change. This attitude can increase the chances that organizations get lost in the whirlwind of competition and changing market conditions. Through the conducted research, it was found that the topic of digitalization has much more to do with internal conditions of an organization than merely the technological aspects, which are normally considered. Due to gaps in the theory of how such a digital transformation of an organization should look, this thesis aims to identify and assess key elements of digital transformation by taking a closer look at the changes being implemented in a leading insurance company.
Download or read book Digital Transformation in Industry written by Vikas Kumar and published by Springer Nature. This book was released on 2023-05-29 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a selection of the best papers presented at the annual international scientific conference “Digital Transformation in Industry: Trends, Management, Strategies,” which was held by the Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russia) on October 28, 2022. The book focuses on concepts for initiating digitalization processes and identifying successful digital transformation strategies in all sectors of industry. Key topics include the sustainability of digital transformation in uncertain dynamics; conditions of uncertainty and barriers; industrial logistics in the new reality; best practices for implementing digital solutions to ensure sustainable, barrier-free and flexible supply chains; the achievement of sustainability in the process of digital transition; the adaptation of enterprises to the ESG concept through digital solutions; assessing the impact of industrial digital transformation on society and the environment; and clarifying how ESG aspects affect the economy. The experiences of various countries, regions and types of enterprise implementing IT and other technological innovations are also included, making the book a valuable asset for researchers and managers alike.
Download or read book Digital Business Transformation written by Rocco Agrifoglio and published by Springer Nature. This book was released on 2020-09-15 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent surge of interest in “digital transformation” is changing the business landscape and posing several challenges, both organizational and sectoral. This transformation involves the application of digital technology in all aspects of business, and enables organizations to create new products and services, and to find more efficient ways of doing business. Moreover, the digital transformation is happening within and across organizations of all types and in every industry, producing a disruptive innovation that can break down the barriers between people and organizations, and help create more adaptive processes. In the information age, it is imperative for organizations to develop IT-related capabilities that allow them to leverage the potential of digital technologies. Due to the pervasive effects of this transformation on processes, firms and industries, both scholars and practitioners are interested in better understanding the key mechanisms behind the emergence and evolution of the digital business transformation. This book presents a collection of research papers focusing on the relationships between technologies (e.g., digital platforms, AI, blockchain, etc.), processes (e.g., decision-making, co-creation, financial, compliance, etc.), and organizations (e.g., smart organizations, digital ecosystems, Industry 4.0, collaborative networked organizations, etc.), which have been categorized into three major areas: organizing, managing and controlling. It also provides critical insights into how the digital transformation is enhancing organizational processes and firms’ performance through an exploration and exploitation of internal resources, and through the establishment of external connections and linkages. The plurality of views offered makes this book particularly relevant for users, companies, scientists, and governments. The content of the book is based on a selection of the best papers (original double-blind peer-reviewed contributions) presented at the annual conference of the Italian chapter of the AIS, which was held in Naples, Italy in September 2019.
Download or read book Do Machines Dream of Electric Workers written by Luca Solari and published by Springer Nature. This book was released on 2021-11-16 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: In our rapidly changing world, digitalization is often either the key to survival or the driving force behind organizations' success. This book examines the impact of digitalization on organizations and the challenges it poses. It explores ways of redesigning work, improving organizational performance, developing employee skills, and creating new forms of competition in the market. In this context, not only the challenges for organizations but also those for the field of organizational studies are considered. This compilation is based on a selection of the best papers presented at the annual workshop (WOA2020) of the Association of Italian Organization Studies Academics (ASSIOA), held at the University of Milan, Italy in February 2020. The diverse road range of perspectives offered makes the book relevant for scholars and practitioners alike.
Download or read book Digital Transformation written by Larisa Ivascu and published by Springer Nature. This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Organization and the Digital Economy written by Gerhard Illing and published by MIT Press. This book was released on 2006 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical and factual studies of ways that the rapidly evolving digital economy has changed the structure of different industries, focusing on the software and music industries.
Download or read book A Swiss Case Study on Digitalization Within the Insurance Industry written by Fabian SCKEYDE and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The technological shift witnessed across all industries as a result of new digital technologies that have been introduced for the use of businesses has been incremental. The insurance industry, on the other hand, could not adapt to the newly emerging digital methods in the same pace as other industries. Even though the digital transformation has been slow within the insurance industry, it is expected to have a long-term and profound impact on the fundamental aspects of the business and to alter the way that the insurance business is conducted. In this context, this thesis will question whether and to what extent insurance industry has been transformed as a result of the digital transformation. It will particularly investigate the implications of digital monitoring for the insurance business examining whether and to what extent the insurance industry can maintain the core elements of the business, particularly in relation to risk approaches. In order to achieve this objective, the thesis will concentrate on how Swiss insurance companies are already adapting their business models and how they are utilizing digital methods to improve their relations with new and existing customers. Therefore, it will explore the implications of this digital transformation applied to the surveillance and monitoring techniques particularly for the insurance industry. In light of these objectives, this thesis will employ a mixed methodology and it will use content analysis to examine where the insurance industry currently stands in relation to digitalization and conduct a case study research on the Swiss insurance industry including the responses obtained from a survey carried out with insurance companies in Switzerland. This thesis will conclude that digitalization has the potential to transform the core elements of the insurance business. However the insurance industry is slow in terms of adapting these changes and therefore such a transformation ca.
Download or read book The Economics of Digitization written by Shane M. Greenstein and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increasing creation, support, use and consumption of digital representation of information touches a wide breadth of economic activities. This digitization has transformed social interactions, facilitated entirely new industries and undermined others and reshaped the ability of people - consumers, job seekers, managers, government officials and citizens - to access and leverage information. This important book includes seminal papers addressing topics such as the causes and consequences of digitization, factors shaping the structure of products and services and creating an enormous range of new applications and how market participants make their choices over strategic organization, market conduct, and public policies. This authoritative collection, with an original introduction by the editors, will be an invaluable source of reference for students, academics and practitioners with an interest in the economics of digitisation and the digital economy.
Download or read book Digitalization in Industry written by Uli Meyer and published by Springer Nature. This book was released on 2019-11-14 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces how the current wave of industrial digitalization relates to processes of domination and emancipation. It aims to counter techno-deterministic narratives that would connect a perceived new ‘industrial revolution’ with clear-cut societal consequences. In order to do this, the volume intervenes into three ongoing discussions which pertain to emancipation and domination in the workplace, promises of emancipation through digital fabrication, and the idea of emancipating, configuring, and infrastructuring the users of industrial products. Within this framework it addresses topics including democratic participation, management thinking, gamification, the maker movement, reshoring, digital platforms, and the automation of healthcare.
Download or read book Technologies for Digital Transformation written by Alessio Maria Braccini and published by Springer Nature. This book was released on with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technology and the Insurance Industry written by Antonella Cappiello and published by Springer. This book was released on 2018-02-23 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes the role of technology in the redefinition of the competitiveness of insurance markets. With a focus on the competitive challenges of InsurTech startup to the incumbent insurers, the book will discuss the strategic role of technology both in the development and in the distribution of insurance services and explore the customer relationship evolution following the digitalization of services offered. The book presents original theoretical and empirical contributions addressing how digitalization impacts the insurance environment and regulation, and how InsurTech development represents a threat for traditional companies, from Big Data analysis to digital devices, from personal interactivity to home automation systems development. The project’s key benefit is up-to-date analysis of the competitiveness of technology usage in the insurance field, with particular reference to the distributive variable and to the future trends of the customer relationship in the short and medium-long term. The book will be of particular interest to scholars and students of insurance and financial technology.
Download or read book Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science CDEMS 2024 written by Junfeng Liao and published by Springer Nature. This book was released on 2024 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Digitalization in the insurance industry An analysis written by and published by GRIN Verlag. This book was released on 2022-01-18 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2017 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2,3, , language: English, abstract: Digitization is without question one of the most significant and biggest megatrends of our time. It is changing all areas of people's lives, and at an extraordinary speed. Professional life in particular is changing dramatically. Generations are growing up with new possibilities and realities. Where companies used to use time cards and phones with dials, digital time recording systems and smartphones are now preferred. This paper focuses on a subset of the megatrend, namely digitalization as it relates to the insurance industry. First, key aspects of digital transformation are described. Starting with a comprehensive definition of digitalization in general, as well as a description of the development in this area to date. In the course of the essential aspects, a presentation of extensive facts of the insurance industry and its specific challenges follows. This serves as a basis for the industry-specific issues to be addressed subsequently.
Download or read book Digitalization Across Organizational Levels written by Jens Dibbern and published by Springer Nature. This book was released on 2022-09-27 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a broad range of topics related to digitalization. Specifically, it views digitalization across different organizational levels, such as the level of individuals, teams, processes, firms, and ecosystems. It includes a collection of recent research and reflections on the topic that helps to understand the technological foundations of digitalization and its impacts. It also reflects on the process of digitalization and how it changes established ways of working, collaborating, and coordinating. With this book, the editors and authors honor Professor Dr. Armin Heinzl for his enormous and ongoing contributions to information systems research, education, and practice.
Download or read book Digital Insurance written by Bernardo Nicoletti and published by Springer. This book was released on 2016-01-26 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the ways in which the adoption of new paradigms, processes, and technologies can lead to greater revenue, cost efficiency and control, as well as improved business agility in the insurance industry.
