The increasing popularity and penetration of wireless internet services is resulting in an ever-increasing number of connected devices in our lives. These connected devices include not just our smartphones but even household appliances such as air conditioners, which now have functionalities based on their ability to connect with the internet. The processes dealing with transmission of digital information over long distances are referred to as telematics. Such telematics-enabled functionalities and features are also getting extended to cars. And this is set to revolutionize the automobile industry. Among other things, it is also going to have a major impact on automobile insurance as well.
Mid-cap Indian IT companies expected to outperform large-cap firms in FY25
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