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Internet of Things Report: Technology Trends & Market Growth in 2019

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The Internet of Things (IoT) is powering transformation for enterprises, consumers, and governments. Emerging tools and technologies like smart speakers, machine learning, and 5G are enabling huge gains to efficiency and more control at home and in the workplace.

Planned investments by companies in IoT technologies & solutions
Business Insider Intelligence

The continued growth of the IoT industry is going to be a transformative force across all organizations. By integrating all of our modern day devices with internet connectivity, the IoT market is on pace to grow to over $3 trillion annually by 2026.

Business Insider Intelligence is keeping its finger on the pulse of this ongoing revolution by conducting our third annual Global IoT Executive Survey, which provides us with critical insights on the most pivotal new developments within the IoT and explains how top-level perspectives are changing year to year. Our survey includes nearly 400 responses from key executives around the world, including C-suite and director-level respondents.

The proprietary data obtained in our survey has helped us continually refine our IoT market growth projections over the years. This year’s survey data shows that companies’ plans to invest in IoT solutions are accelerating with 5G on the horizon and an uptick in IoT adoption. We forecast that there will be more than 64 billion IoT devices by 2025, up from about 10 billion in 2018, and 9 billion in 2017.

Through this exclusive study and in-depth research into the field, Business Insider Intelligence details the components that make up the IoT ecosystem. We size the IoT market and use exclusive data to identify key trends in the connected devices sector. And we profile the enterprise, governmental, and consumer IoT segments individually, drilling down into the drivers and characteristics that are shaping each market.

Companies mentioned in this report are: Alibaba, Alphabet, Amazon, Apple, Around Analytics, Arm, AT&T, August Home, C3 IoT, China Mobile, Dallas Innovation Alliance, Dell, Ericsson, Filament, FogHorn, Google, Grubhub, Guardzilla, Huawei, ibex, Intel, Microsoft, Next, Nokia, Pandora, PsiKick, Qualcomm, SAM, Samsung, Sidewalk Labs, Spotify, STMicroelectronics, Verizon, Whirlpool, and Xage.

Here are some key takeaways from the report:

  • We project that there will be more than 64 billion IoT devices by 2025, up from about 10 billion in 2018.
  • Blockchain within the IoT is still generally the provenance of startups, and they’re populating the marketplace with products that take advantage of the technology’s characteristics. It’s not going to upend the IoT, despite the technology’s much-ballyhooed potential. And respondents to our survey of IoT providers seem, for the most part, to understand this. Just a small percentage think that blockchain will become a universal standard in the IoT. The vast majority said that blockchain will either be a tool that most companies employ at times, or a niche product that only certain solutions use.
  • Lightning-fast 5G networks will change how telecommunications shapes business and will also offer new and transformative possibilities in the IoT space. The new standard will further increase the appeal of cellular solutions in the areas where it’s available. And that’s why nearly half of IoT providers said they’re planning to introduce support for 5G networks to their solutions within the next two years.
  • The report highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; deployment and maturity of IoT implementations; investment in and utilization of devices; the decision-making process; and forward- looking plans.

In full, the report:

  • Provides a primer on the basics of the IoT ecosystem.
  • Offers forecasts for the IoT moving forward, and highlights areas of interest in the coming years.
  • Looks at who is and is not adopting the IoT, and why.
  • Highlights drivers and challenges facing companies that are implementing IoT solutions.

Interested in getting the full report? Here are three ways to access it:

  1. Purchase & download the full report from our research store. >> Purchase & Download Now
  2. Sign up for Connectivity & Tech Pro, Business Insider Intelligence’s expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of connectivity, delivered to your inbox 6x a week. >> Get Started
  3. Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you’ll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.



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Republicans satisfied with US healthcare costs even as prices surge

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  • A growing number Republicans are satisfied with the cost of healthcare in the United States, according to a new Gallup poll released Wednesday.
  • The increase comes as another major index from the Labor Department showed average insurance prices spiking 20% over the last year.
  • The poll noted overall satisfaction with US healthcare costs is the highest since 2009 as just over one in four Americans are content with the healthcare pricing environment — though much of that boost was driven by the uptick in Republican approval.
  • It suggests that heightened partisanship is swaying Republicans on healthcare just as it has been on the economy, another issue where they are much more likely than Democrats to approve of President Trump’s handling of it.
  • Visit Business Insider’s homepage for more stories.

An growing number of Republicans are satisfied with the cost of healthcare in the United States, according to a new Gallup poll released Wednesday. The increase comes as another major index from the Labor Department showed average insurance prices spiking 20% over the last year.

The poll noted overall satisfaction with US healthcare costs is the highest since 2009 as just over one in four Americans are content with the healthcare pricing environment — though much of that boost was driven by the uptick in Republican approval.

The Labor Department’s consumer price index, which tracks the average change over time in prices paid for goods and services, said the cost of overall medical care rose 5.1% since Nov. 2018. That measure also incorporates doctors’ visits and hospital services.

The cost of health insurance had the biggest jump over the past year at 20.2%, representing one part of the broader healthcare industry. Other elements such as the price of doctors’ visits and hospital services saw more modest increases at 1.4% and 3.3%, respectively.

It suggests that heightened partisanship is swaying Republicans on healthcare just as it has been on the economy, another issue where they are much likelier than Democrats to view the situation more favorably, the Pew Research Center said.

By comparison, only 9% of Democrats were satisfied with healthcare costs in the US, according to the Gallup poll.

Still, another recently-released Gallup poll showed both Democrats and Republicans broadly satisfied with what they pay for their own healthcare, though there was a notable dip in Democratic satisfaction and an increase among Republicans. 

The cost of healthcare, though, continues to rise in the United States.

That’s led to Democratic primary candidates to propose a variety of methods to reform American healthcare. They range from incrementally shoring up the Affordable Care Act and introducing an optional government insurance plan to enrolling every American into a government-run insurance system.

Trump has repeatedly promised to introduce another plan to replace Obamacare, but he hasn’t done so yet.

House Republicans rolled out their own alternative in October, but it looks a lot like the unpopular “skinny repeal” version that was narrowly defeated by a single Senate vote in 2017. That one has almost no chance of becoming law before the 2020 election as it would have to pass the Democratic-led lower chamber.



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Insurtech 2018: Trends & Innovation in Insurance Technology

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Tech-driven disruption in the insurance industry continues at pace, and we’re now entering a new phase — the adaptation of underlying business models.

That’s leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims management.

Global VC-Backed Insurtech Funding


Business Insider Intelligence


Established insurance companies are investing heavily in insurtech technology to compete with lean startups. Insurtech investments cut operating costs, giving new insurtech companies a chance to compete on pricing.

The Insurtech 2.0 Report from Business Insider Intelligence, Business Insider’s premium research service, will briefly review major changes in the insurtech segment over the past year. It will then examine how startups and legacy players across the insurance value chain are using technology to develop new business models that cut costs or boost revenue, and, in some cases, both. Additionally, we will provide our take on the future of insurance as insurtech continues to proliferate. 

Here are some of the key takeaways:

  • Funding is flowing into startups and helping them scale, while legacy players have moved beyond initial experiments and are starting to implement new technology throughout their businesses. 
  • Distribution, the area of the insurance value chain that was first to be disrupted, continues to evolve. 
  • The fundamentals of insurance — policy creation, underwriting, and claims management — are starting to experience true disruption, while innovation in reinsurance has also continued at pace.
  • Insurtechs are using new business models that are enabled by a variety of technologies. In particular, they’re using automation, data analytics, connected devices, and machine learning to build holistic policies for consumers that can be switched on and off on-demand.
  • Legacy insurers, as opposed to brokers, now have the most to lose — but those that move swiftly still have time to ensure they stay in the game.

 In full, the report:

  • Reviews major changes in the insurtech segment over the past year.
  • Examines how startups and legacy players across distribution, insurance, and reinsurance are using technology to develop new business models.
  • Provides our view on what the future of the insurance industry looks like, which Business Insider Intelligence calls Insurtech 2.0.

The companies included in this report are: Zhong An, Lemonade, Clover Health, Bright Health, Bought By Many, Worry+Peace, Brolly, Aviva, Neos, Simplesurance, Trov, getsafe, Slice Labs, Wrisk, Next Insurance, Drover, bestow, Tractable, Oxbow Partners, Ageas, IBM, Majesco, Guidewire, Cuvva, Dinghy, Oscar Health.

Interested in getting the full report? Here’s how to get access:

  1. Purchase & download the full report from our research store. >>  Purchase & Download Now
  2. Sign up for Fintech Pro, Business Insider Intelligence’s expert product suite tailored for today’s (and tomorrow’s) decision-makers in the financial services industry, delivered to your inbox 6x a week. >> Get Started
  3. Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >> Inquire About Our Enterprise Memberships
  4. Current subscribers can read the report here.



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David Anderson, Francine Graham: Jersey City shooters identified

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The gunmen in Tuesday’s deadly Jersey City shooting at the Jersey City Kosher Supermarket have been identified. One of them appears to have a connection to the Black Hebrew Israelite movement, which has been described as an anti-Semitic hate group, law enforcement officials told news outlets.

The shooters have been identified as 47-year-old David Anderson and 50-year-old Francine Graham. 

The New York Times and NBC New York report that Anderson appeared to have a connection to, or was a one-time follower, of the Black Hebrew Israelite movement. WABC reports that both Anderson and Graham were members.

jersey city shooting 4

The scene outside the grocery store.
Eduardo Munoz Alvarez/AP


Black Hebrew Israelites believe they are the true descendants of the ancient Israelites and believe any other groups identifying as Jews are impostors, an idea rejected by mainstream Judaism.

There are several different Black Hebrew Israelite sects, not all of which hold the same beliefs. Some of them according to the Southern Poverty Law Center, are associated with anti-Semitic and anti-white Black Nationalist hate groups.

“Although most Hebrew Israelites are neither explicitly racist nor anti-Semitic and do not advocate violence, there is a rising extremist sector within the Hebrew Israelite movement whose adherents believe that Jews are devilish impostors and who openly condemn whites as evil personified, deserving only death or slavery,” the SPLC details on its website.

Officials familiar with the case told The New York Times that a brief manifesto was found in the shooters’ van but provided no clear rationale behind the shooting.

Anderson had previously faced at least three different criminal weapons charges and had spent time in jail, according to NBC New York.

It is unclear if Graham has any ties to the Black Hebrew Israelite movement. Her brother, Frederick Graham, told the New York Times that he was not aware of any links she had to it.

jersey city kosher

Emergency responders work at a kosher supermarket, the site of a shooting in Jersey City, N.J., Wednesday, Dec. 11, 2019. Jersey City Mayor Steven Fulop said authorities believe gunmen targeted the market during a shooting that killed multiple people Tuesday.
Seth Wenig/AP


However, a former neighbor told NBC New York that Graham became a “dark person” after she met Anderson, who coerced her into a militant religion. The neighbor could not identify what that religion was.

The two were also prime suspects in a homicide over the weekend in nearby Bayonne, New Jersey, according to News12 New Jersey.

Jersey City Mayor Steven Fulop said the kosher supermarket was “clearly targeted” in the attack, which left six people dead, including the assailants and a police officer.

“Hate and anti-Semitism have never had a place here in [Jersey City] and will never have a place in our city,” he said on Twitter.

The three victims were identified as Mindel Ferencz, 33, who co-managed the grocery store with her husband, Moshe Deutch, a 24-year-old rabbinical student, and Douglas Miguel Rodriguez, 49, who worked at the store.

The shooting is being investigated by police as a case of domestic terrorism, according to NBC New York.



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