BEIJING—Chinese internet giant Baidu Inc. BIDU -1.06 % is shoring up its auto ecosystem, as it continues to develop a driverless car and looks to ramp up investment in areas outside of its core search business.The new online company will provide auto insurance, enlisting big data to help assess risk for consumers and to offer competitive pricing for car owners.As of 2015, China s total auto-insurance premiums reached around $100 billion, according to the China Insurance Regulatory Commission, and the market is expected to double by 2021.Analysts say these tie-ups show Baidu s mission to create an end-to-end vertical of auto products and services, as it continues its ambitious plan to develop an autonomous car and mass produce them within five years.The investments also reflect the company s desire to catch up to rivals Alibaba Group Holding Ltd. BABA -0.15 % and Tencent s flurry of investments, as well as draw attention away from the recent government investigation of its search and advertising practices.Baidu has been making investments in auto-related businesses in recent years, including deals with Uber China and used-car-auction company Uxin Ltd.
The Internet of Things IoT Revolution is picking up speed and it will change how we live, work, and entertain ourselves in a million ways big and small.From agriculture to defense, retail to healthcare, everything is going to be impacted by the growing ability of businesses, governments, and consumers to connect to and control their environments: Smart mirrors will allow consumers to try on clothes digitally, enhancing their shopping experience and reducing returns for the retailerAssembly line sensors will detect tiny drops in efficiency that indicate critical equipment is wearing out and schedule down-time maintenance in responseAgricultural equipment guided by GPS and IoT technology will soon plant, fertilize and harvest vast croplands like a giant Roomba while the driver reads a magazineActive people will share lifestyle data from their fitness trackers in order to help their doctor make better health care decisions and capture discounts on health insurance premiums No wonder the Internet of Things has been called the next Industrial Revolution.It s so big that it could mean new revenue streams for your company and new opportunities for you.The only question is: Are you fully up to speed on the IoT?After months of researching and reporting this exploding trend, John Greenough and Jonathan Camhi of Business Insider Intelligence have put together an essential briefing that explains the exciting present and the fascinating future of the Internet of Things.It covers how IoT is being implemented today, where the new sources of opportunity will be tomorrow and how 17 separate sectors of the economy will be transformed over the next 20 years, including:AgricultureConnected HomeDefenseFinancial servicesFood servicesHealthcareHospitalityInfrastructureInsuranceLogisticsManufacturingOil, gas, and miningRetailSmart buildingsTransportationConnected CarUtilities If you work in any of these sectors, it's important for you to understand how the IoT will change your business and possibly even your career.And if you re employed in any of the industries that will build out the IoT infrastructure—networking, semiconductors, telecommunications, data storage, cybersecurity—this report is a must-have.Among the big picture insights you ll get from The Internet of Things: Examining How the IoT Will Affect The World:IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion.IoT devices will account for 24 billion, while traditional computing devices e.g.
To help reduce those claims, which can result in higher insurance premiums for homeowners, the team behind the Roost smart smoke alarm and the Roost smart smoke-alarm battery announced on Wednesday the Roost Smart Water and Freeze Detector, a $50 sensor that will detect the presence of water, extreme temperature, and high humidity in your home.And unlike some competing Wi-Fi leak sensors, Roost s will run on four AAA batteries instead of AC power.And the batteries will last three to five years, sending an alert to the app when they need to be replaced.Henry said Roost doesn t currently have any plans to integrate its devices into broader smart-home systems, which is either good news or a missed opportunity, depending on your perspective.But not being able integrate it into a broader smart-home platform means you won t be able to have the sensor automatically adjust your thermostat to turn on your furnace if the temperature approaches freezing, or trigger a smart valve to shut off your water supply if a pipe bursts.Fibaro recently sent us one of these units, so we ll post a review soon.
Big-data startup The Floow knows how good a driver you are, and wants to use this information to help save you money.The Floow gathers data from phones and in-vehicle black boxes to help make insurance premiums more accurate and even reduce the likelihood of a driver ever having an accident.Insurers are looking to telematics to increase the fairness of prices, the founder and CEO of The Floow, Aldo Monteforte, told the audience at WIRED Money.Of course, if you re cruising around in a Ferrari then it makes sense to invest in a pinpoint-sharp telemetric device that costs hundreds of pounds to install and buy, but after tracking 700 million miles driven, The Floow has found modern smartphones are often just as accurate as professional devices.Drivers that take up the offer often move out of the high-risk category and become much less likely to ever be involved in an accident.But his firm s use of big data is doing something else, too – it s turning car insurance from a reluctant necessity into something that adds real value to customer s lives and journeys.
Every batch of daily Amazon deals we publish focuses on saving you money, but today s list might be even better than usual because many of these products keep saving you money over time.For example, we ve got a discounted Nest smart thermostat, which will save you money up front and then the thermostat will save you more cash on your energy bill each month.We ve also got a top-rated cable modem on sale, so you ll save money on the modem and then your internet bill will drop by $10 each month after you return your rented modem, and a discounted dash cam that could save you thousands in insurance premiums by proving your innocence after an accident.There s plenty more packed into today s list, so check out all the deals below.Nest Learning Thermostat, 3rd Generation, Works with Alexa mophie Powerstation 8X Dual USB External Battery for Smartphones and Tablets 15,000 mAh – Aluminum: $99.99 with free Prime shipping
There are a few purchases that the BGR Deals team urges you to make over and over again.It s not because we like sounding like a broken record, it s because our goal is to help you save money and there are a handful of products out there that can keep saving you money long after you buy them.One example is a cable modem, which will chop $8-$10 off your internet bill every single month, forever.Another is a dash cam, which can save you hundreds in auto repairs and thousands in insurance premiums by proving your innocence in the event of an accident.The Goluk T1 Wi-Fi Smartphone-Connected Car Dash Cam is one of the most compact and feature-rich options out there, and we ve got a special coupon code that ll save you $20.Some key information about this hot dash camera:
You know that accident wasn t your fault.The driver of the other car knows that accident wasn t your fault.But do you think that s the tune he ll be singing once the police arrive?He ll have all kinds of crazy stories to tell the cops once they arrive on the scene, and it ll be up to them to decide how to phrase their police report.If it s not crystal clear that the accident wasn t your fault, you could end up paying thousands in increased insurance premiums.On the other hand, you could spend $122 on a Uniden Dash Cam Automotive Video Recorder with GPS and LDW, record the entire incident, and prove in a matter of seconds that you weren t at fault.
Complete/partial loss of control of your vehicle's systems?Vehicle manufacturers are making many of the same security mistakes as each other, creating scores of vulnerabilities in the process.Not very reassuringly, half of the vulnerabilities discovered by security researchers at IOActive could result in "complete or partial loss of control" of a vehicle.IOActive s study is based on real-world security assessments with the world s leading vehicle manufacturers, covering three years worth of data and active vulnerabilities.Vulnerabilities stemming from design-level are often unfixable because the vehicle is "insecure by design", so short of a product recall and major retrofit exercise, makers are stuck with them.Security is a relatively new concern for the automotive industry, said Corey Thuen, a senior security consultant at the outfit.
To learn more and subscribe, please click here.Zurich, one of the world s largest insurance companies, is now offering a monthly discount on homeowner s insurance premiums to customers who use a connected alarm system offered by Cocoon, according to SC Magazine.If a consumer decides to install and use the alarm system, they will receive a 10% discount on their monthly home insurance costs.The discount from Zurich is not particularly unique but highlights how insurance companies are valuing IoT deployments.Home insurance companies have offered discounts to clients on the installation of home security systems and corresponding lower prices for insurance premiums when such a system is installed for many years.That's because a home with an alarm system is 300% less likely to be burglarized than a home without one.However, smart alarm systems add more value than nonconnected alarm systems because they add more insight into what is happening in the home through increased analytic tools and mobile applications.As the smart home market grows in the coming years, insurance companies will continue to find ways to leverage the smart home solutions.That's up from 5% in 2014, indicating a large YoY growth in the number of insurers leveraging smart home solutions.There are several challenges for companies taking this approach, however, because the U.S. smart home market has yet to truly take off.Quirky's announcement that it was filing chapter 11 bankruptcy — and selling off its smart home business, Wink — highlights this well.At its current state, we believe the smart home market is stuck in the 'chasm' of the technology adoption curve, in which it is struggling to surpass the early-adopter phase and move to the mass-market phase of adoption.There are many barriers preventing mass-market smart home adoption: high device prices, limited consumer demand and long device replacement cycles.However, the largest barrier is the technological fragmentation of the smart home ecosystem, in which consumers need multiple networking devices, apps and more to build and run their smart home.John Greenough, senior research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on the U.S. smart home market that analyzes current consumer demand for the smart home and barriers to widespread adoption.
The Internet of Things IoT Revolution is picking up speed and it will change how we live, work, and entertain ourselves in a million ways big and small.From agriculture to defense, retail to healthcare, everything is going to be impacted by the growing ability of businesses, governments, and consumers to connect to and control their environments: Smart mirrors will allow consumers to try on clothes digitally, enhancing their shopping experience and reducing returns for the retailerAssembly line sensors will detect tiny drops in efficiency that indicate critical equipment is wearing out and schedule down-time maintenance in responseAgricultural equipment guided by GPS and IoT technology will soon plant, fertilize and harvest vast croplands like a giant Roomba while the driver reads a magazineActive people will share lifestyle data from their fitness trackers in order to help their doctor make better health care decisions and capture discounts on health insurance premiums No wonder the Internet of Things has been called the next Industrial Revolution.It s so big that it could mean new revenue streams for your company and new opportunities for you.The only question is: Are you fully up to speed on the IoT?Research analysts John Greenough and Jonathan Camhi of BI Intelligence, Business Insider's premium research service, spent months of researching and reporting this exploding trend and have put together a report on the Internet of Things that explains its exciting present and the fascinating future.It covers how IoT is being implemented today, where the new sources of opportunity will be tomorrow and how 17 separate sectors of the economy will be transformed over the next 20 years, including:AgricultureConnected HomeDefenseFinancial servicesFood servicesHealthcareHospitalityInfrastructureInsuranceLogisticsManufacturingOil, gas, and miningRetailSmart buildingsTransportationConnected CarUtilities If you work in any of these sectors, it's important for you to understand how the IoT will change your business and possibly even your career.And if you re employed in any of the industries that will build out the IoT infrastructure—networking, semiconductors, telecommunications, data storage, cybersecurity—this report is a must-have.Among the big picture insights you ll get from The Internet of Things: Examining How the IoT Will Affect The World:IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion.IoT devices will account for 24 billion, while traditional computing devices e.g.will comprise 10 billion.Nearly $6 trillion will be spent on IoT solutions over the next five years.Businesses will be the top adopter of IoT solutions because they will use IoT to 1 lower operating costs; 2 increase productivity; and 3 expand to new markets or develop new product offerings.Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.And when you dig deep into the report, you ll get the whole story in a clear, no-nonsense presentation:The complex infrastructure of the Internet of Things distilled into a single ecosystemThe most comprehensive breakdown of the benefits and drawbacks of mesh e.g.
If you ve ever applied for auto insurance you know your insurer will ask how many miles you drive each year.What may be surprising, however, is the impact those annual miles may or may not have on your car insurance premiums.For the second year in a row, insurancequotes.com and Quadrant Information Services examined the economic impact annual miles have on the cost of auto insurance.Mike Barry, vice president of media relations for the nonprofit Insurance Information Institute, says the study accentuates the broader correlation between annual miles and the cost of insuring U.S. drivers.Auto insurers price their policies to reflect risk, Barry says.The problem is that a lot of insurance companies and states depress or totally extinguish the importance of annual miles driven, which is unfair to all drivers, says Douglas Heller, an independent consumer advocate and insurance expert with the Consumer Federation of America CFA .
MoreEpiPen auto-injection epinephrine pens manufactured by Mylan NV pharmaceutical company for use by severe allergy sufferers are seen in Washington, U.S., August 24, 2016.By Ransdell Pierson and Ankur Banerjee Reuters - Mylan NV said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount programme, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug's high price.However, he added, "discounts for selected customers without lowering the overall price of EpiPens are insufficient, because the excessive price will likely be passed on through higher insurance premiums."Clinton's view was echoed by Democratic lawmakers, including Rep. Elijah Cummings, who said Mylan's move is nothing but a public relations stunt that does nothing to help the majority of patients who need the drug.Mylan Chief Executive Heather Bresch, defending EpiPen's price in an interview on Thursday on CNBC, said her company had spent hundreds of millions of dollars improving EpiPen, including making its needle invisible, since acquiring the device from German generic drugmaker Merck KGaA.
If you don t have a dash camera at this point, we have good news and bad news.The bad news is that you re crazy — recording your driving can prove you weren t at fault in the event of an accident and save you thousands in insurance premiums.The good news is that you can catch this sale on Amazon, which drops the price of the Garmin Dash Cam 35 from now through the end of the day on September 10.FORWARD COLLISION WARNING – Alerts if you drive too close to the car ahead1 Dash Cam 35 only .RED LIGHT & SPEED CAMERA WARNINGS – Alerts you to nearby red light cameras or speed cameras2 Dash Cam 35 only .SNAPSHOT – Allows you to take still images, from inside or outside your vehicle, to capture close-up collision damage.
View photosMoreHttps%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f204085%2findia m m olaUber s biggest rival in India, Ola may have cracked a way to lure more drivers to join its cab-hailing platform.Ola announced today that it has entered into a strategic alliance with Mahindra, one of India s largest automakers, to make it easier and more affordable for its drivers to buy a car.As part of the partnership, Ola s driver partners will be offered Mahindra-Ola package, which would let them purchase Mahindra cars at special prices, avail discounted loans at zero down payment, insurance premiums at subsidized cost, and comprehensive maintenance packages.The two companies believe the deal would generate revenues to the tune of $400 million over the next two years via vehicle sales and financing.The announcement comes as competition in India's cab aggregation market heats up, which is valued at $12 billion.
Under the agreement disclosed on Thursday, Mahindra will offer Ola drivers discounts on cars as well as financing, insurance and maintenance services.The auto maker says the partnership could generate more than $400 million in business for itself as the attractive terms draw in a dedicated customer base.The tie-up comes as Ola, which is owned by ANI Technologies Pvt., faces increasingly intense competition from Uber in India s growing market for ride-hailing services.Uber has identified India as its next battleground after its costly battle for riders in China ended with it selling its operation there to Didi Chuxing Technology Co.Under the initial pact with Mahindra, Ola drivers will get discounted prices on Mahindra vehicles and more attractive loan terms including zero down payments.The drivers will also receive subsidized vehicle insurance premiums and comprehensive maintenance packages, as well as accident insurance and scholarships for their children.
Contrary to popular belief, buying a home isn t always a better financial decision than renting.It depends on quite a few factors, from your home s appreciation rate to the property taxes in your area.Looking at a handful of metrics, including these, Bankrate put together a ranking of the best metro areas for homeowners.Their study reviewed data from a variety of sources, including the Federal Housing Finance Agency and Council for Community and Economic Research.It looked at eight basic factors: home affordability; price appreciation; property taxes; homeowners insurance, energy and maintenance costs; foreclosures and how rapidly rents rose over the past six years.Portland was No.1 on their list, only partly because Oregon has the lowest insurance premiums at $568 a year.
Insurance-sector startups are attracting more money from venture capitalists.An early investor in the online-lending boom has turned its sights to life insurance.U.S.-based startups in the insurance sector attracted $856 million in venture-capital investment over the first nine months of the year, 84% more than in the same period in 2015, according to preliminary data from Dow Jones VentureSource that includes auto, health and life-insurance players.We see what s happened in all the other verticals of fintech, and none of that s happened in insurance, said Brendan Dickinson, a partner at Canaan, in an interview, referring to competitive pricing and faster, online sales practices.It s a massive market that s seen little to no innovation over the past 10 to 20 years.life-insurance premiums totaled $777.5 billion in 2015, according to the National Association of Insurance Commissioners—the amount of money regulators require that insurers keep in reserve has scared off many venture capitalists.
Facebook has blocked plans by an insurer to view young drivers' profiles to set their car insurance premiums.Were a young driver considered to be low-risk, a discount would be offered."Protecting the privacy of the people on Facebook is of utmost importance to us.We have clear guidelines that prevent information being obtained from Facebook from being used to make decisions about eligibility," said a Facebook spokesman."Our understanding is that Admiral will then ask users who sign up to answer questions which will be used to assess their eligibility," Facebook said.A digital rights group said the move by Facebook should be welcomed as the plan was "intrusive" and "inappropriate".
UK insurance firm Admiral had intended to launch an app this week offering discounted car insurance premiums to first time drivers based on an algorithmic assessment of their Facebook posts.However the experiment has fallen foul of Facebook s platform policy, which puts strict limits on how developers on the platform can use the information users share with them.Clause 3.15 of the policy also specifically prohibits use of data obtained from Facebook to…make decisions about eligibility, including whether to approve or reject an application or how much interest to charge on a loan.In an interview with The Guardian about the opt-in firstcarquote app, project lead Dan Mines described it as a test , saying: We are doing our best to build a product that allows young people to identify themselves as safe drivers… This is innovative, it is the first time anyone has done this.Giving a more specific example of how Admiral s app would be assessing a Facebook user s attitude behind the wheel, The Guardian suggested overuse of exclamation marks in Facebook posts might count against a first time driver, while posting lists and writing in short, concrete sentences containing specific detail would be seen as a plus.
Image Source: Dado Ruvic / Reuters,Fotoware/ColorFactoryFacebook says that it will block a British car insurer from profiling users of the social network to decide whether they deserve a discount on their insurance.Admiral s controversial Firstcarquote initiative is aimed at people who are buying or driving their first car.The company s website says that new drivers are often quoted much higher insurance premiums as they have little driving history and are viewed as high risk.But we want to help make sure safe drivers aren t penalised and get the best price possible, it adds.To do this, we ll look at your Facebook profile to help us get a better understanding of the type of driver you are.
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