Following news of Amazon’s plans to open “cashier-less” convenience stores in the near future, an insurance expert has weighed in on the implications of this innovation on the cyber market.
Bloomberg reported last week that Amazon is seriously considering a plan to open as many as 3,000 of its new AmazonGo cashierless stores in the next few years. These stores allow customers with a proprietary app on their phone to enter the premises, choose which items they want, and simply walk out the door – as cameras and sensors track the items customers take and charge their Amazon accounts accordingly.
The use of cameras and sensors – and purportedly other related security technologies such as facial recognition and biometrics – has raised some privacy concerns.
Despite this, Amazon is not the only one moving towards the use of connected devices and systems that track users. According to data from Gartner, an estimated 8.4 billion devices were connected in 2017; it is projected that this number will increase to more than 20 billion by 2020. Connected homes are also gaining ground, with…
