Steak & chips: how IoT and machine learning will disrupt risk in animal insurance | TechRadar
On the face of it, the connection between the internet of things (IoT) and animals is not an obvious one. However, a number of trials and larger-scale implementations of IoT use with household pets and on farms are showing that connecting Fido and Daisy to sensors could provide real benefits.
This should not be surprising: animals are big business, both in terms of personal ownership and commercial farming. Mintel, a market research company, expects UK pet insurance premiums to grow from £976m in 2015 to £1.6bn by 2021. Anything that makes it easier and more efficient to care for and farm animals is therefore likely to be of interest.