Transcription of Digital Transformation Strategy
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Digital Transformation Strategy
Digital Transformation Strategy Promoting sound progress for the benefit of the European Union economy , its citizens and businesses EIOPA(2021)0060407 10 December 2021 Digital Transformation Strategy Promoting sound progress for the benefit of the European Union economy , its citizens and businesses Page 2/21 1. INTRODUCTION Digital Transformation is generating a wave of change across economic and financial sectors, affecting the society at large. This Transformation has many aspects. Consumers increasingly demand products and services to be available from a single access point through their smart phones or computers, on a 24/7 basis and from any location. In addition, the processing of new datasets, such as those arising from the Internet of Things (IoT), by increasingly accurate and granular Artificial Intelligence (AI) systems offers the opportunity to develop more efficient, timely and automated processes. Digitally native InsurTech start-ups and broader technology companies (including the so-called BigTech companies) are entering financial markets with novel offerings, while incumbents are transforming their value chains.
Union economy, its citizens and businesses Page 2/21 1. INTRODUTION Digital transformation is generating a wave of change across economic and financial sectors, affecting the society at large. This transformation has many aspects. onsumers increasingly demand products and …
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