Business Success Action Group

The State Department of Connecticut has issued a notice reminding all companies and individuals licensed by the department to use technology and big data responsibly and transparently, and in full compliance with federal and state anti-discrimination laws. Given the potentially transformative nature of big data, the department reiterated regulatory concerns on the following three general issues: Internal data provision : How big data is used by insurers as a precursor or part of algorithms, predictive models, analysis processes, data collection, product design, marketing, sales, management, rating and underwriting activities, regardless of whether the parties use their data or have their own algorithms and / or processes for the joint development of algorithms, models or processes from third-party developers or providers. The department defined the big data ecosystem as broad, diverse, and rapidly evolving from a variety of sources including consumer intelligence, social m

As 5G networks expand, industry experts are watching how the spread of 5G will stimulate the growth of wearable devices. Even without 5G, the market for connected wearable devices doubled between 2016 and 2019 and is expected to reach more than one billion by 2022, according to Statista. One area where the demand for wearable devices is expected to increase is in corporate wellness programs. More companies than ever before are handing out company-sponsored wearables to encourage employees to follow healthy habits - such as taking a certain number of steps per day - in order to lower the company's health rewards. Wireless fitness trackers and smartwatches provide an easy way to keep track of employee progress. Carriers are also likely to benefit from this trend, both in delivering the devices and their connectivity to enterprise customers, and in managing buyback programs. This places Carrier in a critical position to help organizations better manage