The Vietnam Actuarial Conference 2018 hosted by Prudential with the attendance of over 200 actuaries and insurance professionals discussing Big Data More insurance businesses are now planning to apply new technologies in their management systems and improve customer services, while many also plan to develop new products to meet market demand as well as diversify insurance sales channels, according to a survey released by Vietnam Report in June last year. In particular, 82.4 per cent of insurance companies said they were building a Mobile Internet development strategy and 64.7 per cent have adopted strategies based on two key factors in Industry 4.0: the Internet of Things (IoT) and Big Data. Disruptive technology Big Data provides new insights from social networks, telematics sensors, and other new information channels. As a result, it allows understanding customer preferences better, enabling new business approaches, product development, and enhancing existing internal models, … [Read more...] about How can Big Data drive the future of insurance?
Future internet of things
Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam This upcoming year is considered a milestone in the Vietnam-EU business co-operation, with the EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed and take effect. What were the highlights in EU investments in Vietnam in 2018, and what preparations are EuroCham members making to take advantage of the FTA? EuroCham celebrated some historic milestones in 2018. We marked two decades in Vietnam with a gala dinner and awards ceremony, bringing together over 600 business leaders, investors, European ambassadors and the People’s Committee of Ho Chi Minh City. We also published the 10th edition of our white-book of trade and investment issues, and reached over 1,000 members for the first time, making us one of the largest European business associations in the world. These achievements are testament to Vietnam’s economic growth and development, and show that it is becoming an … [Read more...] about EVFTA to bring future opportunities
Stores at Internet Day showed a solid foundation in infrastructure, connectivity, cloud computing eco-system, and advanced technology solutions, which provide the key tailwind for Vietnam to enter the 4.0 era. VNG's exhibition area at the Internet Day 2018 With the theme of “Internet and digital eco-system of Vietnam,” Internet Day 2018 took place on December 5, 2018, showing the acceleration of digital technology in Vietnam, which causes increasing demand for data, smart connectivity, Internet of Things by businesses and the society at large. Speaking at the event, Deputy Minister of Information and Communications Nguyen Thanh Hung said that Vietnam has been setting out new targets to develop a digital eco-system with digital products and services made by Vietnamese people. According to Deputy Minister Hung, Vietnam has the 15th largest population in the world with approximately 95 million people, and ranks 16th in the world in the number of Internet users with … [Read more...] about Cloud computing vision outlined at Internet Day
Signify has unveiled its new Internet of Things platform, Interact. — VNS PhotoViet Nam News HCM CITY — Signify (former Phillips Lighting) has unveiled its new Internet of Things platform, Interact, and connected lighting systems that can generate and upload data to the platform to power a growing portfolio of data-enabled services. Signify has already installed 29 million connected light points world-wide and plans for every new LED product it produces to be connectable by 2020. This growing number of connected light points, sensors and devices, as well as systems, can collect large volumes of data, which Interact is designed to handle. The scalable, cloud-based platform uses sophisticated and modern data management and data processing capabilities to create data-enabled services for customers that will deliver benefits beyond illumination. A typical example of such a service is occupancy data from different buildings, combined and analysed to help managers to … [Read more...] about Signify unveils Internet of Things platform
“The government is utilizing opportunities to enhance rural development through the application of information and communication technology in agricultural production, marketing, management, and extension services,” said ADB Director General for East Asia Ms. Amy Leung at the launch of the book, Internet Plus Agriculture, in Beijing. “ADB is committed to work together with the PRC government to modernize agriculture and raise productivity using big data and blockchain to secure food safety, as well as improve infrastructure for agriculture-associated logistics services. The PRC’s experiences from implementing policies and pilot projects in ‘internet-plus’ agriculture will have valuable lessons for other developing countries.”Photo: ADB“Internet plus” agriculture is the application of internet technology such as mobile internet, internet of things (IOT), cloud computing, and big data to the production, processing, and trade of … [Read more...] about Internet-based technologies revitalize rural markets in China